FENI vs VYM
Fidelity Enhanced International ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. FENI delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | FENI | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.28% | 0.04% | |
| AUM | $11.0B | $81.6B | |
| Dividend Yield | 2.89% | 2.24% | |
| Holdings | 406 | 616 | |
| YTD Return | +14.52% | +15.34% | |
| 1Y Return | +25.14% | +23.24% | |
| 3Y Return (annualized) | - | +19.22% | |
| 5Y Return (annualized) | - | +12.21% | |
| Volatility (annualized) | 11.5% | 14.6% | |
| Max Drawdown | -14.2% | -58.8% | |
| Fund Family | Fidelity Investments (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
FENI vs VYM Performance
Fidelity Enhanced International ETF (FENI) is a ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year FENI returned +25.14% while VYM returned +23.24%. Year to date, FENI is up 14.52% versus a gain of 15.34% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
FENI charges 0.28% per year while VYM charges 0.04%. On a $10,000 position that is $28 vs $4 annually, a gap of $24 per year that compounds over a long holding period. On income, FENI currently yields 2.89% against 2.24% for VYM.
Holdings Overlap
FENI and VYM share 1 holdings out of 1004 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in FENI | Weight in VYM | Difference |
|---|---|---|---|
| TIGO:LU | 0.00% | 0.03% | 0.03% |
Frequently Asked Questions
Which is cheaper, FENI or VYM?
FENI has an expense ratio of 0.28% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $24 per year of difference.
Which performed better, FENI or VYM?
Over the past year FENI returned +25.14% vs +23.24% for VYM, so FENI leads on 1-year performance. Over the longest common window we track (3 years), FENI annualized +23.64% vs +7.04% for VYM. Past performance does not guarantee future results.
Which is riskier, FENI or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 11.5% for FENI. Worst drawdown: FENI -14.2% vs VYM -58.8%.
Should I hold both FENI and VYM?
FENI and VYM have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between FENI and VYM?
FENI and VYM share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1004 unique securities.
Which pays a higher dividend, FENI or VYM?
FENI yields 2.89% while VYM yields 2.24%, so FENI currently pays the higher dividend yield.
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