Data as of Oct 28, 2026.
FENI vs VBK: Differences, Returns & Fees
Over the year to Oct 28, 2026, FENI returned +14.2% to VBK's +10.3%; 0% of their weight is in the same names.
askIQ about this page
askIQ about FENI and VBK
Net assets on Sep 30, 2026: $11.5bn for Fidelity Enhanced International ETF and $22.8bn for Vanguard Morningstar Small-Cap Growth ETF.
Pair scorecard
VBK costs 0.23 points a year less; their one-year returns differ by 3.9 points; VBK is 2.0 times larger.
| Measure | FENI | VBK |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +10.3% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | 8.0%, high on Aug 17, 2026 |
| Benchmark | ||
| What it tracks | No index, actively managed | Morningstar US Small Cap Growth Index |
| Cost and size | ||
| Expense ratio | 0.28% | 0.05% |
| Net assets, as of Sep 30, 2026 | $11.5bn | $22.8bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 16.5% | 12.2% |
Holdings in common uses holdings dated Jun 30, 2026 and Sep 30, 2026. Method
Risk and return
Dec 1, 2023 to Oct 23, 2026 · 151 weekly returnsFENI returned more: +68.2% to +48.0%. FENI swung less: 14.5% to 19.1%. FENI fell less at its worst: −11.2% to −24.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | FENI | VBK | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.2% | +48.0% | FENI | Price change plus distributions, reinvested. |
| Annualized | +19.6% | +14.4% | FENI | Total return as a yearly rate. |
| Price return | +54.7% | +45.5% | FENI | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.5% | 19.1% | FENI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.2% | 12.9% | FENI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.2% | −24.7% | FENI | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 1.01 | 0.57 | FENI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.43 | 0.85 | FENI | Return above Treasury bills per unit of downside deviation. |
| Calmar | 1.75 | 0.59 | FENI | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 151 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, FENI and VBK 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 VBK on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FENI and VBK do different jobs. What does each one do in a portfolio?
- What each follows. FENI follows No index, actively managed and VBK follows Morningstar US Small Cap Growth 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 VBK +10.3% with distributions reinvested, a gap of 3.9 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.
VBK
VBK tracks an index of Small-Cap Growth. Over the year to Oct 28, 2026 it returned +10.3% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 10% of the fund by weight is stocks the S&P 500 also holds, across 554 positions, with the top ten at 12.2%. It sat 8.0% below its high of Aug 17, 2026 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, FENI or VBK?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and VBK +10.3%.
- Which is cheaper, FENI or VBK?
- VBK is cheaper, by 0.23 percentage points a year. That is about $23 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 VBK, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-vbk
ETFIQ. (Oct 28, 2026). FENI against VBK. Retrieved from https://etfiq.com/compare/any/feni-vs-vbk
[FENI against VBK (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-vbk)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.