ENHI vs. IDEV

Last updated Jun 23, 2026

ENHI (iShares Enhanced International Active ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both Foreign Large Cap Equities funds from iShares. ENHI is actively managed, while IDEV is passively managed. Their correlation of 0.92 suggests significant overlap in exposure. ENHI charges 0.27%/yr vs 0.05%/yr for IDEV.

Performance

ENHI vs. IDEV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Enhanced International Active ETF (ENHI) and iShares Core MSCI International Developed Markets ETF (IDEV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ENHI

• 1D: 0.06%
• 1M: 1.95%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IDEV

• 1D: 0.15%
• 1M: 1.58%
• YTD: 10.38%
• 6M: 10.58%
• 1Y: 26.25%
• 3Y*: 18.20%
• 5Y*: 9.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ENHI vs. IDEV - Yearly Performance Comparison

	2026 (YTD)
ENHI iShares Enhanced International Active ETF	9.76%
IDEV iShares Core MSCI International Developed Markets ETF	6.58%

Correlation

The correlation between ENHI and IDEV is 0.92, 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	0.92

Return for Risk

ENHI vs. IDEV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ENHI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

IDEV

IDEV Risk / Return Rank: 52
IDEV Sharpe Ratio Rank: 54
IDEV Sortino Ratio Rank: 53
IDEV Omega Ratio Rank: 52
IDEV Calmar Ratio Rank: 49
IDEV Martin Ratio Rank: 55

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ENHI vs. IDEV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced International Active ETF (ENHI) and iShares Core MSCI International Developed Markets ETF (IDEV). 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	IDEV	Difference
Sharpe ratio: Return per unit of total volatility	—	1.76	—
Sortino ratio: Return per unit of downside risk	—	2.48	—
Omega ratio: Gain probability vs. loss probability	—	1.32	—
Calmar ratio: Return relative to maximum drawdown	—	2.35	—
Martin ratio: Return relative to average drawdown	—	9.21	—

Drawdowns

ENHI vs. IDEV - Drawdown Comparison

The maximum ENHI drawdown since its inception was -5.63%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for ENHI and IDEV.

Drawdown Indicators

	ENHI	IDEV	Difference
Max Drawdown Largest peak-to-trough decline	-5.63%	-34.77%	+29.14%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.20%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.15%	—
Current Drawdown Current decline from peak	0.00%	-0.13%	+0.13%
Average Drawdown Average peak-to-trough decline	-1.41%	-6.53%	+5.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.86%	—

Volatility

Volatility by Period

	ENHI	IDEV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.70%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.11%	14.97%	+7.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.11%	16.33%	+5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.11%	17.28%	+4.83%

ENHI vs. IDEV - Expense Ratio Comparison

ENHI has a 0.27% expense ratio, which is higher than IDEV's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

ENHI vs. IDEV - Dividend Comparison

ENHI's dividend yield for the trailing twelve months is around 1.19%, less than IDEV's 3.20% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ENHI iShares Enhanced International Active ETF	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDEV iShares Core MSCI International Developed Markets ETF	3.20%	3.40%	3.30%	3.07%	2.69%	3.05%	2.00%	3.18%	3.16%	1.54%

Frequently Asked Questions

Can I hold both ENHI and IDEV in my portfolio?

With a correlation of 0.92, ENHI and IDEV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ENHI or IDEV?

On fees, IDEV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENHI or IDEV?

IDEV is cheaper with a 0.05% expense ratio, compared with 0.27% for ENHI.

Which ETF pays a higher dividend yield, ENHI or IDEV?

IDEV has the higher dividend yield at 3.20%, compared with 1.19% for ENHI.

What is the main difference between ENHI and IDEV?

Their fees differ too: 0.27% for ENHI and 0.05% for IDEV.