ENHI vs. FDT
ENHI (iShares Enhanced International Active ETF) and FDT (First Trust Developed Markets ex-US AlphaDEX Fund) are both Foreign Large Cap Equities funds. ENHI is actively managed, while FDT is passively managed. Their correlation of 0.84 suggests significant overlap in exposure. ENHI charges 0.27%/yr vs 0.80%/yr for FDT.
Performance
ENHI vs. FDT - Performance Comparison
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Returns By Period
ENHI
- 1D
- 0.98%
- 1M
- -0.35%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDT
- 1D
- 0.59%
- 1M
- -5.03%
- YTD
- 20.82%
- 6M
- 19.99%
- 1Y
- 45.23%
- 3Y*
- 28.04%
- 5Y*
- 12.21%
- 10Y*
- 11.40%
ENHI vs. FDT - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
ENHI iShares Enhanced International Active ETF | 8.32% |
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 6.40% |
Correlation
The correlation between ENHI and FDT is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026 | 0.84 |
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Return for Risk
ENHI vs. FDT — Risk / Return Rank
ENHI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDT
ENHI vs. FDT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced International Active ETF (ENHI) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ENHI | FDT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.41 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.39 | — |
| Martin ratioReturn relative to average drawdown | — | 12.64 | — |
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Drawdowns
ENHI vs. FDT - Drawdown Comparison
The maximum ENHI drawdown since its inception was -5.63%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for ENHI and FDT.
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Drawdown Indicators
| ENHI | FDT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.63% | -46.10% | +40.47% |
Max Drawdown (1Y)Largest decline over 1 year | — | -13.41% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -32.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.10% | — |
Current DrawdownCurrent decline from peak | -1.32% | -5.26% | +3.94% |
Average DrawdownAverage peak-to-trough decline | -1.43% | -10.75% | +9.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.59% | — |
Volatility
ENHI vs. FDT - Volatility Comparison
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Volatility by Period
| ENHI | FDT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 18.01% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 20.18% | +1.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.04% | 18.58% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 18.54% | +3.50% |
ENHI vs. FDT - Expense Ratio Comparison
ENHI has a 0.27% expense ratio, which is lower than FDT's 0.80% expense ratio.
Dividends
ENHI vs. FDT - Dividend Comparison
ENHI's dividend yield for the trailing twelve months is around 1.20%, less than FDT's 3.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENHI iShares Enhanced International Active ETF | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 3.80% | 3.27% | 3.89% | 4.36% | 2.29% | 3.80% | 2.42% | 2.78% | 2.13% | 1.57% | 1.76% | 1.83% |
Frequently Asked Questions
ENHI and FDT have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENHI is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENHI is cheaper with a 0.27% expense ratio, compared with 0.80% for FDT.
FDT has the higher dividend yield at 3.80%, compared with 1.20% for ENHI.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.27% for ENHI and 0.80% for FDT.
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