FENI vs VYM
Fidelity Enhanced International ETF vs Vanguard High Dividend Yield ETF
Which is better, FENI or VYM?
Large Cap Blend against Large Cap Value.
VYM 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 26.1%.
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 | VYM |
|---|---|---|
| Expense Ratio | 0.28% | 0.04%Best |
| AUM | $11.0B | $81.6B |
| Dividend Yield | 2.84% | 2.22% |
| Holdings | 421 | 613 |
| YTD Return | +11.31% | +12.87%Best |
| 1Y Return | +18.13%Best | +17.25% |
| 3Y Return (annualized) | - | +17.66% |
| 5Y Return (annualized) | - | +11.98% |
| Volatility (annualized) | 11.5% | 10.3%Best |
| Max Drawdown | -14.2%Best | -14.5% |
| $10,000 over 2.8 years | $17,359Best | $16,456 |
| Top 10 Weight | 15.3%Best | 26.1% |
| Fund Family | Fidelity Investments (US) | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | Nov 20, 2023 | Nov 10, 2006 |
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 VYM 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 VYM Performance
Fidelity Enhanced International ETF (FENI) is an ETF from Fidelity Investments (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year FENI returned +18.13% while VYM returned +17.25%. Year to date, FENI is up 11.31% versus a gain of 12.87% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FENI has been the more volatile fund, with annualized monthly volatility of 11.5% compared with 10.3% for VYM. 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
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 2.84% against 2.22% for VYM.
Holdings Overlap
0.1% of FENI's money is in holdings VYM also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 424 positions we hold weights for in FENI and 557 in VYM, against full books of 421 and 613.
What only one of them owns
Our book lists 528 positions for VYM that do not appear in our book for FENI (97.1% of the fund), and 9 for FENI that do not appear in VYM (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.
Top Shared Holdings
| Stock | Weight in FENI | Weight in VYM | Difference |
|---|---|---|---|
| TIGO:LUMillicom International Cellular Sa Common Stock | 0.09% | 0.04% | 0.05% |
You are not choosing between two funds in isolation.
Whichever of FENI and VYM 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 VYM?
FENI has an expense ratio of 0.28% while VYM charges 0.04%. VYM is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, FENI or VYM?
Over the past year FENI returned +18.13% vs +17.25% for VYM, 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 VYM?
FENI has been the more volatile fund at 11.5% annualized versus 10.3% for VYM. Worst drawdown: FENI -14.2% vs VYM -14.5%.
Should I hold both FENI and VYM?
FENI and VYM have a monthly-return correlation of 0.67, 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 VYM?
FENI yields 2.84% while VYM yields 2.22%, so FENI currently pays the higher dividend yield.
Is VYM better than FENI?
VYM 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 26.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.