Data as of Oct 28, 2026.
FENI vs VDE: Differences, Returns & Fees
Over the year to Oct 28, 2026, FENI returned +14.2% to VDE's +58.8%; 0% of their weight is in the same names.
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Net assets on Sep 30, 2026: $11.5bn for Fidelity Enhanced International ETF and $10.4bn for Vanguard Energy ETF.
Pair scorecard
VDE costs 0.19 points a year less; their one-year returns differ by 44.6 points; FENI is 1.1 times larger.
| Measure | FENI | VDE |
|---|---|---|
| Return | ||
| Total return, 1 year | +14.2% | +58.8% |
| Drawdown | ||
| Below its high | 4.7%, high on Aug 13, 2026 | |
| Benchmark | ||
| What it tracks | No index, actively managed | MSCI US Investable Market Index (IMI)/Energy 25/50 |
| Cost and size | ||
| Expense ratio | 0.28% | 0.09% |
| Net assets, as of Sep 30, 2026 | $11.5bn | $10.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 16.5% | 67.1% |
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 returnsEach against its own benchmark: FENI against EFA, Dec 1, 2023 to Oct 23, 2026; VDE against FENY, Nov 1, 2013 to Oct 23, 2026.
VDE returned more: +77.1% to +68.2%. FENI swung less: 14.5% to 22.9%. FENI fell less at its worst: −11.2% to −18.8%.
Full scorecard
19 measures, with how each is measured Open ↓
| Measure | FENI | VDE | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +68.2% | +77.1% | VDE | Price change plus distributions, reinvested. |
| Annualized | +19.6% | +21.7% | VDE (slight) | Total return as a yearly rate. |
| Price return | +54.7% | +61.8% | VDE | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 14.5% | 22.9% | FENI | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 10.2% | 16.3% | FENI | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −11.2% | −18.8% | FENI | Deepest fall from a high to the low after it. |
| Upside capture | 105.3% | 100.8% | Share of its benchmark's rise caught in the weeks it rose. | |
| Downside capture | 97.4% | 100.1% | Share of its benchmark's fall taken in the weeks it fell. Lower is better. | |
| Beta | 0.99 | 1.01 | Not an edge | How far it moves for each 1% its benchmark moves. |
| R squared | 0.98 | 1.00 | Not an edge | Share of its weekly moves its benchmark explains. |
| Risk-adjusted | ||||
| Sharpe | 1.01 | 0.78 | FENI | Return above Treasury bills per unit of volatility. |
| Sortino | 1.43 | 1.10 | FENI | Return above Treasury bills per unit of downside deviation. |
| Treynor | 0.147 | 0.088 | Return above Treasury bills per unit of beta. | |
| Calmar | 1.75 | 1.16 | FENI | Annualized return divided by the max drawdown. |
| Against the benchmark | ||||
| Benchmark | EFA | FENY | The ETF each fund is measured against. | |
| Alpha | +3.1% a year | +0.1% a year | VDE not significant | Yearly return beyond what its beta to the benchmark predicts. |
| Alpha t-stat | 2.73 | 0.48 | Not an edge | How sure the alpha is. Below 2, it could be chance. |
| Alpha range | +0.9% to +5.4% | −0.4% to +0.6% | VDE includes zero | The 95% range for the yearly alpha. |
| Information ratio | 1.55 | 0.19 | Return against its benchmark per unit of tracking error. | |
| Tracking error | 1.9% | 0.9% | Not an edge | How far weekly returns stray from the benchmark, annualized. |
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 VDE 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 VDE on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
FENI and VDE do different jobs. What does each one do in a portfolio?
- What each follows. FENI follows No index, actively managed and VDE follows MSCI US Investable Market Index (IMI)/Energy 25/50.
- 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 VDE +58.8% with distributions reinvested, a gap of 44.6 points.
Data as of Oct 28, 2026.
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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.
VDE
VDE tracks an index of Energy. Over the year to Oct 28, 2026 it returned +58.8% with distributions reinvested, against +59.0% for its benchmark, the MSCI US Investable Market Index (IMI)/Energy 25/50. The prospectus expense ratio is 0.09% a year. By its holdings published by its issuer as of Sep 30, 2026, 81% of the fund by weight is stocks the S&P 500 also holds, across 113 positions, with the top ten at 67.1%.
Questions people ask
- Which returned more over the last year, FENI or VDE?
- In the year to Oct 28, 2026, with distributions reinvested, FENI returned +14.2% and VDE +58.8%.
- Which is cheaper, FENI or VDE?
- VDE is cheaper, by 0.19 percentage points a year. That is about $19 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.
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ETFIQ, FENI against VDE, data as of Oct 28, 2026. https://etfiq.com/compare/any/feni-vs-vde
ETFIQ. (Oct 28, 2026). FENI against VDE. Retrieved from https://etfiq.com/compare/any/feni-vs-vde
[FENI against VDE (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/feni-vs-vde)
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