I plan on being a fairy who came from the Feywild to the Material Plane via fey crossings, and there are some things that are good about this, and some that are bad.
For starters, I've noticed that the 3 spells with "person" in the name (hold person, charm person, and dominate person) don't affect me, in addition to calm emotions. However, as I am native to the Feywild, I am affected by things like banishment, banishing smite, anything with "evil and good" in the name (dispel evil and good, protection from evil and good, detect evil and good, etc), and a few other things.
Do the spell immunities balance out the vulnerabilities? Do those tradeoffs make fey characters balanced when compared to the other playable races?