ENHI vs. IWM

Last updated Jun 23, 2026

ENHI (iShares Enhanced International Active ETF) and IWM (iShares Russell 2000 ETF) are both exchange-traded funds - ENHI is a Foreign Large Cap Equities fund actively managed by iShares, while IWM is a Small Cap Blend Equities fund tracking the Russell 2000 Index. ENHI is actively managed, while IWM is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. ENHI charges 0.27%/yr vs 0.19%/yr for IWM.

Performance

ENHI vs. IWM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Enhanced International Active ETF (ENHI) and iShares Russell 2000 ETF (IWM). 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*: —

IWM

• 1D: 0.88%
• 1M: 4.83%
• YTD: 21.64%
• 6M: 18.08%
• 1Y: 44.01%
• 3Y*: 19.60%
• 5Y*: 6.77%
• 10Y*: 11.68%

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

ENHI vs. IWM - Yearly Performance Comparison

	2026 (YTD)
ENHI iShares Enhanced International Active ETF	9.76%
IWM iShares Russell 2000 ETF	18.42%

Correlation

The correlation between ENHI and IWM is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 12, 2026	0.78

Return for Risk

ENHI vs. IWM — 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.

IWM

IWM Risk / Return Rank: 72
IWM Sharpe Ratio Rank: 72
IWM Sortino Ratio Rank: 70
IWM Omega Ratio Rank: 63
IWM Calmar Ratio Rank: 80
IWM Martin Ratio Rank: 76

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. IWM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced International Active ETF (ENHI) and iShares Russell 2000 ETF (IWM). 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	IWM	Difference
Sharpe ratio: Return per unit of total volatility	—	2.24	—
Sortino ratio: Return per unit of downside risk	—	3.05	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	4.01	—
Martin ratio: Return relative to average drawdown	—	14.19	—

Drawdowns

ENHI vs. IWM - Drawdown Comparison

The maximum ENHI drawdown since its inception was -5.63%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for ENHI and IWM.

Drawdown Indicators

	ENHI	IWM	Difference
Max Drawdown Largest peak-to-trough decline	-5.63%	-59.05%	+53.42%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.03%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-27.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.13%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.41%	-10.75%	+9.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.11%	—

Volatility

Volatility by Period

	ENHI	IWM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.28%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.11%	19.75%	+2.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.11%	22.60%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.11%	23.09%	-0.98%

ENHI vs. IWM - Expense Ratio Comparison

ENHI has a 0.27% expense ratio, which is higher than IWM's 0.19% 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. IWM - Dividend Comparison

ENHI's dividend yield for the trailing twelve months is around 1.19%, more than IWM's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%
IWM iShares Russell 2000 ETF	0.89%	1.04%	1.15%	1.35%	1.48%	0.94%	1.04%	1.26%	1.40%	1.26%	1.38%	1.54%

Frequently Asked Questions

Can I hold both ENHI and IWM in my portfolio?

ENHI and IWM have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENHI or IWM?

On fees, IWM is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENHI or IWM?

IWM is cheaper with a 0.19% expense ratio, compared with 0.27% for ENHI.

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

ENHI has the higher dividend yield at 1.19%, compared with 0.89% for IWM.

What is the main difference between ENHI and IWM?

ENHI is categorized as Foreign Large Cap Equities, while IWM is Small Cap Blend Equities. Their fees differ too: 0.27% for ENHI and 0.19% for IWM.