DMXU vs FENI
Xtrackers Bloomberg Developed Markets ex US Equity ETF vs Fidelity Enhanced International ETF
Which is better, DMXU or FENI?
Nearly the same fund. DMXU costs less.
DMXU has a lower expense ratio. FENI led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. FENI is less concentrated, with 15.8% of the fund in its ten largest positions against 16.2%.
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 | DMXU | FENI |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.28% |
| AUM | $65M | $11.5B |
| Dividend Yield | 3.87% | 3.05% |
| Holdings | 360 | 883 |
| YTD Return | +5.39% | +8.98%Best |
| 1Y Return | +10.30% | +15.83%Best |
| 3Y Return (annualized) | +14.70% | +20.24%Best |
| 5Y Return (annualized) | +6.53% | - |
| Volatility (annualized) | 11.6%Tie | 11.6%Tie |
| Max Drawdown | -16.1% | -14.2%Best |
| $10,000 over 2.9 years | $14,382 | $17,066Best |
| Top 10 Weight | 16.2% | 15.8%Best |
| Fund Family | Xtrackers ETFs | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 5, 2018 | Nov 20, 2023 |
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 20, 2023 to Oct 14, 2026 (2.9 years).
DMXU vs FENI 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 2.9 years both funds cover.
DMXU vs FENI Performance
Xtrackers Bloomberg Developed Markets ex US Equity ETF (DMXU) is an ETF from Xtrackers ETFs and Fidelity Enhanced International ETF (FENI) is an ETF from Fidelity Investments (US). Over the past year DMXU returned +10.30% while FENI returned +15.83%. Year to date, DMXU is up 5.39% versus a gain of 8.98% for FENI.
Over three years, DMXU compounded at +14.70% per year against +20.24% for FENI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMXU and FENI have been equally volatile, both at 11.6% annualized.
The deepest peak-to-trough decline in our data was -16.1% for DMXU and -14.2% for FENI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.97. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DMXU charges 0.03% per year while FENI charges 0.28%. On a $10,000 position that is $3 vs $28 annually, a gap of $25 per year that compounds over a long holding period. On income, DMXU currently yields 3.87% against 3.05% for FENI.
Holdings Overlap
46.4% of DMXU's money is in holdings FENI also owns. 64.8% of FENI's money is in holdings DMXU also owns.
The two portfolios partly overlap.
232 positions in common, counted across the 624 positions we hold weights for in DMXU and 423 in FENI, against full books of 360 and 883.
What only one of them owns
Our book lists 0 positions for FENI that do not appear in our book for DMXU (0.9% of the fund), and 1 for DMXU that do not appear in FENI (1.4%).
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 DMXU | Weight in FENI | Difference |
|---|---|---|---|
| ASML:ASASML HOLDING NV | 2.71% | 3.58% | 0.87% |
| NESN:SMNestle Sa | 0.89% | 1.52% | 0.63% |
| HSBA:LNHsbc Holdings Plc | 1.25% | 1.07% | 0.18% |
| NOVN:SMNovartis Ag – Class N | 1.01% | 1.28% | 0.27% |
| 6857:JPAdvantest Corp | 0.66% | 1.43% | 0.77% |
| 8306:JPMitsubishi Ufj Financial Group, Inc. | 0.86% | 1.18% | 0.32% |
| 8035:JPTokyo Electron Ltd | 0.65% | 1.38% | 0.73% |
| RR:LNRolls-Royce Holdings PLC Ord Gbp0.20 | 0.62% | 1.17% | 0.55% |
| BBVA:MABanco Bilbao Vizcaya Argentaria S.A. Reg Shs | 0.57% | 1.19% | 0.62% |
| IBE:MAIberdrola S.A. | 0.58% | 1.18% | 0.60% |
64.8% of FENI is already inside DMXU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DMXU or FENI?
DMXU has an expense ratio of 0.03% while FENI charges 0.28%. DMXU is the cheaper option, by $25 a year on a $10,000 investment.
Which performed better, DMXU or FENI?
Over the past year DMXU returned +10.30% vs +15.83% for FENI, so FENI leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DMXU or FENI?
DMXU and FENI have been equally volatile, both at 11.6% annualized. Worst drawdown: DMXU -16.1% vs FENI -14.2%.
Should I hold both DMXU and FENI?
DMXU and FENI have a monthly-return correlation of 0.97, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DMXU and FENI?
64.8% of FENI's money is in holdings DMXU also owns. 64.8% of FENI's is in holdings DMXU also owns. They hold 232 positions in common, counted across the 624 positions we hold weights for in DMXU and 423 in FENI.
Which pays a higher dividend, DMXU or FENI?
DMXU yields 3.87% while FENI yields 3.05%, so DMXU currently pays the higher dividend yield.
Is FENI better than DMXU?
DMXU has a lower expense ratio. FENI led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.97. FENI is less concentrated, with 15.8% of the fund in its ten largest positions against 16.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.