FENI vs VOO
Fidelity Enhanced International ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. FENI delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | FENI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.03% | |
| AUM | $11.0B | $997.4B | |
| Dividend Yield | 2.89% | 1.08% | |
| Holdings | 406 | 509 | |
| YTD Return | +14.52% | +12.68% | |
| 1Y Return | +25.14% | +21.87% | |
| 3Y Return (annualized) | - | +22.06% | |
| 5Y Return (annualized) | - | +12.95% | |
| Volatility (annualized) | 11.5% | 14.1% | |
| Max Drawdown | -14.2% | -34.3% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Sep 7, 2010 |
FENI vs VOO Performance
Fidelity Enhanced International ETF (FENI) is a ETF from Fidelity Investments (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year FENI returned +25.14% while VOO returned +21.87%. Year to date, FENI is up 14.52% versus a gain of 12.68% for VOO.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FENI charges 0.28% per year while VOO 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 2.89% against 1.08% for VOO.
Holdings Overlap
FENI and VOO share 0 holdings out of 907 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, FENI or VOO?
FENI has an expense ratio of 0.28% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, FENI or VOO?
Over the past year FENI returned +25.14% vs +21.87% for VOO, so FENI leads on 1-year performance. Over the longest common window we track (3 years), FENI annualized +23.64% vs +13.47% for VOO. Past performance does not guarantee future results.
Which is riskier, FENI or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 11.5% for FENI. Worst drawdown: FENI -14.2% vs VOO -34.3%.
Should I hold both FENI and VOO?
FENI and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FENI and VOO?
FENI and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 907 unique securities.
Which pays a higher dividend, FENI or VOO?
FENI yields 2.89% while VOO yields 1.08%, so FENI currently pays the higher dividend yield.
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