ENHI vs. SLV

Last updated Jun 5, 2026

ENHI (iShares Enhanced International Active ETF) and SLV (iShares Silver Trust) are both exchange-traded funds - ENHI is a Foreign Large Cap Equities fund actively managed by iShares, while SLV is a Silver fund tracking the LBMA Silver Price. ENHI is actively managed, while SLV is passively managed. A 0.62 correlation means they provide meaningful diversification when combined. ENHI charges 0.27%/yr vs 0.50%/yr for SLV.

Performance

ENHI vs. SLV - Performance Comparison

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

Returns By Period

ENHI

• 1D: 0.58%
• 1M: 2.83%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SLV

• 1D: 1.16%
• 1M: 1.62%
• YTD: 3.97%
• 6M: 29.40%
• 1Y: 113.72%
• 3Y*: 45.73%
• 5Y*: 21.04%
• 10Y*: 15.63%

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

ENHI vs. SLV - Yearly Performance Comparison

	2026 (YTD)
ENHI iShares Enhanced International Active ETF	8.90%
SLV iShares Silver Trust	-12.42%

Correlation

The correlation between ENHI and SLV is 0.62, 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 13, 2026	0.62

Return for Risk

ENHI vs. SLV — Risk / Return Rank

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

SLV

SLV Risk / Return Rank: 51
SLV Sharpe Ratio Rank: 59
SLV Sortino Ratio Rank: 42
SLV Omega Ratio Rank: 60
SLV Calmar Ratio Rank: 56
SLV Martin Ratio Rank: 38

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. SLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced International Active ETF (ENHI) and iShares Silver Trust (SLV). 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.

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

Sharpe Ratios by Period

	ENHI	SLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.94	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.58	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.00	0.25	+1.75

Drawdowns

ENHI vs. SLV - Drawdown Comparison

The maximum ENHI drawdown since its inception was -5.63%, smaller than the maximum SLV drawdown of -76.28%. Use the drawdown chart below to compare losses from any high point for ENHI and SLV.

Drawdown Indicators

	ENHI	SLV	Difference
Max Drawdown Largest peak-to-trough decline	-5.63%	-76.28%	+70.65%
Max Drawdown (1Y) Largest decline over 1 year	—	-42.45%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-42.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-42.45%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.81%	—
Current Drawdown Current decline from peak	-0.06%	-36.57%	+36.51%
Average Drawdown Average peak-to-trough decline	-1.52%	-44.67%	+43.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.81%	—

Volatility

Volatility by Period

	ENHI	SLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.34%	—
Volatility (6M) Calculated over the trailing 6-month period	—	58.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.63%	58.90%	-36.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.63%	36.15%	-13.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	31.83%	-9.20%

ENHI vs. SLV - Expense Ratio Comparison

ENHI has a 0.27% expense ratio, which is lower than SLV's 0.50% expense ratio.

Dividends

ENHI vs. SLV - Dividend Comparison

Neither ENHI nor SLV has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ENHI and SLV in my portfolio?

ENHI and SLV have a correlation of 0.62, 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 SLV?

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.

Which ETF is cheaper, ENHI or SLV?

ENHI is cheaper with a 0.27% expense ratio, compared with 0.50% for SLV.

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

ENHI and SLV have nearly identical dividend yields, around 0.00%.

What is the main difference between ENHI and SLV?

ENHI is categorized as Foreign Large Cap Equities, while SLV is Silver. Their fees differ too: 0.27% for ENHI and 0.50% for SLV.