FENI vs IVV
Fidelity Enhanced International ETF vs iShares Core S&P 500 ETF
Which is better, FENI or IVV?
FENI has been ahead.
IVV has a lower expense ratio. FENI led over 1Y and the full window. FENI is less concentrated, with 15.3% of the fund in its ten largest positions against 37.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | FENI | IVV |
|---|---|---|
| Expense Ratio | 0.28% | 0.03%Best |
| AUM | $11.0B | $876.4B |
| Dividend Yield | 2.84% | 1.06% |
| Holdings | 421 | 508 |
| YTD Return | +11.31% | +11.51%Best |
| 1Y Return | +18.13%Best | +15.96% |
| 3Y Return (annualized) | - | +21.01% |
| 5Y Return (annualized) | - | +12.66% |
| Volatility (annualized) | 11.5%Best | 11.8% |
| Max Drawdown | -14.2%Best | -18.8% |
| $10,000 over 2.8 years | $17,359Best | $17,215 |
| Top 10 Weight | 15.3%Best | 37.8% |
| Fund Family | Fidelity Investments (US) | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 20, 2023 | May 15, 2000 |
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Nov 20, 2023 to Sep 15, 2026 (2.8 years).
FENI vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.8 years both funds cover.
FENI vs IVV Performance
Fidelity Enhanced International ETF (FENI) is an ETF from Fidelity Investments (US) and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year FENI returned +18.13% while IVV returned +15.96%. Year to date, FENI is up 11.31% versus a gain of 11.51% for IVV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 11.8% compared with 11.5% for FENI. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.2% for FENI and -18.8% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FENI charges 0.28% per year while IVV charges 0.03%. On a $10,000 position that is $28 vs $3 annually, a gap of $25 per year that compounds over a long holding period. On income, FENI currently yields 2.84% against 1.06% for IVV.
Holdings Overlap
We hold position weights for 424 holdings in FENI and 490 in IVV, totalling 98.8% and 99.3% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 424 positions we hold weights for in FENI and 490 in IVV, against full books of 421 and 508.
What only one of them owns
Our book lists 482 positions for IVV that do not appear in our book for FENI (98.6% of the fund), and 9 for FENI that do not appear in IVV (3.0%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of FENI and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, FENI or IVV?
FENI has an expense ratio of 0.28% while IVV charges 0.03%. IVV is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, FENI or IVV?
Over the past year FENI returned +18.13% vs +15.96% for IVV, so FENI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FENI or IVV?
IVV has been the more volatile fund at 11.8% annualized versus 11.5% for FENI. Worst drawdown: FENI -14.2% vs IVV -18.8%.
Should I hold both FENI and IVV?
FENI and IVV have a monthly-return correlation of 0.57, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, FENI or IVV?
FENI yields 2.84% while IVV yields 1.06%, so FENI currently pays the higher dividend yield.
Is IVV better than FENI?
IVV has a lower expense ratio. FENI led over 1Y and the full window. FENI is less concentrated, with 15.3% of the fund in its ten largest positions against 37.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.