Data as of Oct 28, 2026.
FENI vs VBIL: Differences, Returns & Fees
Over the year to Oct 28, 2026, FENI returned +14.2% to VBIL's +3.7%; 0% of their weight is in the same names.
askIQ about this page
askIQ about FENI and VBIL
Net assets on Sep 30, 2026: $11.5bn for Fidelity Enhanced International ETF and $12.8bn for Vanguard 0-3 Month Treasury Bill ETF.
Pair scorecard
VBIL costs 0.22 points a year less; their one-year returns differ by 10.5 points; VBIL is 1.1 times larger.
| Measure | FENI | VBIL |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +3.7% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | Bloomberg U.S. Treasury Bills 0-3 Months Index |
| Cost and size | ||
| Expense ratio | 0.28% | 0.06% |
| Net assets, as of Sep 30, 2026 | $11.5bn | $12.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 16.5% | |
Holdings in common uses holdings dated Jun 30, 2026 and Sep 30, 2026. Method
Risk and return
Feb 21, 2025 to Oct 23, 2026 · 87 weekly returnsFENI returned more: +39.0% to +6.7%. VBIL swung less: 0.1% to 15.9%. VBIL fell less at its worst: 0.0% to −11.2%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FENI | VBIL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +39.0% | +6.7% | FENI | Price change plus distributions, reinvested. |
| Annualized | +21.7% | +3.9% | FENI | Total return as a yearly rate. |
| Price return | +31.6% | +0.8% | FENI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 15.9% | 0.1% | VBIL | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 11.4% | 0.1% | VBIL | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.2% | 0.0% | VBIL | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.07 | −0.64 | FENI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.49 | −0.90 | FENI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.94 | Not measured | Annualized return divided by the max drawdown. | |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 87 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FENI and VBIL hold 0% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Sep 30, 2026.
half
0% in common
Only in one fund ↓
Side by side
FENI and VBIL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FENI and VBIL do different jobs. What does each one do in a portfolio?
- What each follows. FENI follows No index, actively managed and VBIL follows Bloomberg U.S. Treasury Bills 0-3 Months Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jun 30, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 FENI returned +14.2% and VBIL +3.7% with distributions reinvested, a gap of 10.5 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
FENI
FENI is actively managed and tracks no index. Over the year to Oct 28, 2026 it returned +14.2% with distributions reinvested, against +12.1% for its benchmark, the MSCI EAFE Index. The prospectus expense ratio is 0.28% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 386 positions, with the top ten at 16.5%. It sat 4.7% below its high of Aug 13, 2026 on Oct 28, 2026.
VBIL
VBIL tracks an index of 0-3 Month Treasury Bill. Over the year to Oct 28, 2026 it returned +3.7% with distributions reinvested. The prospectus expense ratio is 0.06% a year.
Questions people ask
- Which returned more over the last year, FENI or VBIL?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and VBIL +3.7%.
- Which is cheaper, FENI or VBIL?
- VBIL is cheaper, by 0.22 percentage points a year. That is about $22 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, FENI against VBIL, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-vbil
ETFIQ. (Oct 28, 2026). FENI against VBIL. Retrieved from https://etfiq.com/compare/any/feni-vs-vbil
[FENI against VBIL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-vbil)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.