EFAA vs FENI
Invesco MSCI EAFE Income Advantage ETF vs Fidelity Enhanced International ETF
Which is better, EFAA or FENI?
Nearly the same fund. FENI costs less.
FENI has a lower expense ratio. FENI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. FENI is less concentrated, with 15.8% of the fund in its ten largest positions against 29.9%.
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 | EFAA | FENI |
|---|---|---|
| Expense Ratio | 0.39% | 0.28%Best |
| AUM | $677M | $11.5B |
| Dividend Yield | 8.42% | 3.05% |
| Holdings | 708 | 883 |
| YTD Return | +6.32% | +8.98%Best |
| 1Y Return | +11.72% | +15.83%Best |
| 3Y Return (annualized) | - | +20.24% |
| Volatility (annualized) | 8.5%Best | 11.9% |
| Max Drawdown | -12.0%Best | -14.2% |
| $10,000 over 2.2 years | $12,955 | $14,286Best |
| Top 10 Weight | 29.9% | 15.8%Best |
| Fund Family | Invesco (US) | Fidelity Investments (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 17, 2024 | Nov 20, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 17, 2024 to Oct 14, 2026 (2.2 years).
EFAA 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 2.2 years both funds cover.
EFAA vs FENI Performance
Invesco MSCI EAFE Income Advantage ETF (EFAA) is an ETF from Invesco (US) and Fidelity Enhanced International ETF (FENI) is an ETF from Fidelity Investments (US). Over the past year EFAA returned +11.72% while FENI returned +15.83%. Year to date, EFAA is up 6.32% versus a gain of 8.98% for FENI.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FENI has been the more volatile fund, with annualized monthly volatility of 11.9% compared with 8.5% for EFAA. 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 -12.0% for EFAA 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 0.98. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
EFAA charges 0.39% per year while FENI charges 0.28%. On a $10,000 position that is $39 vs $28 annually, a gap of $11 per year that compounds over a long holding period. On income, EFAA currently yields 8.42% against 3.05% for FENI.
Holdings Overlap
43.6% of EFAA's money is in holdings FENI also owns. 64.4% of FENI's money is in holdings EFAA also owns.
The two portfolios partly overlap.
283 positions in common, counted across the 657 positions we hold weights for in EFAA and 423 in FENI, against full books of 708 and 883.
What only one of them owns
Our book lists 0 positions for FENI that do not appear in our book for EFAA (0.9% of the fund), and 12 for EFAA that do not appear in FENI (23.4%).
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 EFAA | Weight in FENI | Difference |
|---|---|---|---|
| ROP:SMRoche Ps Par Ag | 1.02% | 1.59% | 0.57% |
| NESN:SMNestle Sa | 0.84% | 1.52% | 0.68% |
| HSBA:LNHsbc Holdings Plc | 1.25% | 1.07% | 0.18% |
| NOVN:SMNovartis Ag – Class N | 0.87% | 1.28% | 0.41% |
| 8306:JPMitsubishi Ufj Financial Group, Inc. | 0.88% | 1.18% | 0.30% |
| 6857:JPAdvantest Corp | 0.53% | 1.43% | 0.90% |
| SHELShell Plc | 0.97% | 0.93% | 0.04% |
| 8035:JPTokyo Electron Ltd | 0.52% | 1.38% | 0.86% |
| BBVA:MABanco Bilbao Vizcaya Argentaria S.A. Reg Shs | 0.57% | 1.19% | 0.62% |
| IBE:MAIberdrola S.A. | 0.50% | 1.18% | 0.68% |
64.4% of FENI is already inside EFAA.
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, EFAA or FENI?
EFAA has an expense ratio of 0.39% while FENI charges 0.28%. FENI is the cheaper option, by $11 a year on a $10,000 investment.
Which performed better, EFAA or FENI?
Over the past year EFAA returned +11.72% vs +15.83% for FENI, so FENI leads on 1-year performance. Over the longest common window we track (2 years), EFAA annualized +12.49% vs +17.60% for FENI. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EFAA or FENI?
FENI has been the more volatile fund at 11.9% annualized versus 8.5% for EFAA. Worst drawdown: EFAA -12.0% vs FENI -14.2%.
Should I hold both EFAA and FENI?
EFAA and FENI have a monthly-return correlation of 0.98, 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 EFAA and FENI?
64.4% of FENI's money is in holdings EFAA also owns. 64.4% of FENI's is in holdings EFAA also owns. They hold 283 positions in common, counted across the 657 positions we hold weights for in EFAA and 423 in FENI.
Which pays a higher dividend, EFAA or FENI?
EFAA yields 8.42% while FENI yields 3.05%, so EFAA currently pays the higher dividend yield.
Is FENI better than EFAA?
FENI has a lower expense ratio. FENI led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.98. FENI is less concentrated, with 15.8% of the fund in its ten largest positions against 29.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.