Fidelity Enhanced International ETF

FENI

Market cap $9.82B

International equities have quietly outrun the U.S. market over the past twelve months, and the Fidelity Enhanced International ETF (NYSEARCA:FENI) has ridden that wave hard.

Passive investing's central promise is hard to argue with: low costs, broad diversification, and returns that match the market.

International developed market stocks have beaten the S&P 500 by a wide margin year to date, and one Fidelity ETF is quietly riding that wave while paying investors roughly 3% in dividends.

Investors are on the hunt for international equities exposure. Despite some notable global uncertainty of late, U.S. investors have poured significant capital into international equity strategies and opportunities.

While the S&P 500 has slipped about 2% so far in 2026, international equities have quietly moved in the opposite direction.

Of the myriad storylines markets produced in 2025, foreign equities success was one of the biggest. Only overshadowed, perhaps, by the continued ascent of AI-related technology stocks, ex-U.S. equities saw strong returns for investor portfolios.

With the world of exchange traded funds, investors have plentiful options to choose from not only in terms of the vast number of products available in the market (more than 10,000) but the number of ETF providers as well.

Shopping for Fidelity exchange-traded funds (ETFs)? A good place to start is by looking at the top nine performers of 2025, all of which returned over 27% last year.

VettaFi held its 2026 Winter Symposium last week, focusing on the year that was and the year ahead. The symposium included plenty of juicy data, including from firms like Fidelity Investments.

The international ETF space has rewarded investors greatly so far in 2025. One particular strategy, FENI, recently crossed $5 billion in AUM.