ENHU vs. ACWI

Last updated Jun 4, 2026

ENHU (iShares Enhanced Large Cap Core Active ETF) and ACWI (iShares MSCI ACWI ETF) are both exchange-traded funds - ENHU is a Large Cap Blend Equities fund actively managed by iShares, while ACWI is a Global Equities fund tracking the MSCI All Country World Index. ENHU is actively managed, while ACWI is passively managed. With a 0.96 correlation, they move nearly in lockstep. ENHU charges 0.22%/yr vs 0.32%/yr for ACWI.

Performance

ENHU vs. ACWI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Enhanced Large Cap Core Active ETF (ENHU) and iShares MSCI ACWI ETF (ACWI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENHU achieves a 10.96% return, which is significantly lower than ACWI's 12.13% return.

ENHU

• 1D: -0.62%
• 1M: 4.83%
• YTD: 10.96%
• 6M: 11.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ACWI

• 1D: -0.83%
• 1M: 5.28%
• YTD: 12.13%
• 6M: 12.96%
• 1Y: 29.18%
• 3Y*: 21.15%
• 5Y*: 11.28%
• 10Y*: 12.85%

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

ENHU vs. ACWI - Yearly Performance Comparison

	2026 (YTD)	2025
ENHU iShares Enhanced Large Cap Core Active ETF	10.96%	1.32%
ACWI iShares MSCI ACWI ETF	12.13%	1.55%

Correlation

The correlation between ENHU and ACWI is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 6, 2025	0.96

Return for Risk

ENHU vs. ACWI — Risk / Return Rank

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

ACWI

ACWI Risk / Return Rank: 66
ACWI Sharpe Ratio Rank: 68
ACWI Sortino Ratio Rank: 67
ACWI Omega Ratio Rank: 67
ACWI Calmar Ratio Rank: 59
ACWI Martin Ratio Rank: 71

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.

ENHU vs. ACWI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Large Cap Core Active ETF (ENHU) and iShares MSCI ACWI ETF (ACWI). 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

	ENHU	ACWI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.29	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.71	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.43	+1.31

Drawdowns

ENHU vs. ACWI - Drawdown Comparison

The maximum ENHU drawdown since its inception was -8.98%, smaller than the maximum ACWI drawdown of -56.00%. Use the drawdown chart below to compare losses from any high point for ENHU and ACWI.

Drawdown Indicators

	ENHU	ACWI	Difference
Max Drawdown Largest peak-to-trough decline	-8.98%	-56.00%	+47.02%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.73%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.42%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.53%	—
Current Drawdown Current decline from peak	-0.62%	-0.83%	+0.21%
Average Drawdown Average peak-to-trough decline	-1.49%	-8.61%	+7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.16%	—

Volatility

Volatility by Period

	ENHU	ACWI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.93%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	12.78%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	16.05%	-2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	17.11%	-3.90%

ENHU vs. ACWI - Expense Ratio Comparison

ENHU has a 0.22% expense ratio, which is lower than ACWI's 0.32% expense ratio.

Dividends

ENHU vs. ACWI - Dividend Comparison

ENHU's dividend yield for the trailing twelve months is around 0.34%, less than ACWI's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACWI iShares MSCI ACWI ETF	1.38%	1.55%	1.70%	1.88%	1.79%	1.71%	1.43%	2.33%	2.18%	1.94%	2.19%	2.56%
ENHU iShares Enhanced Large Cap Core Active ETF	0.34%	0.17%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENHU and ACWI in my portfolio?

With a correlation of 0.96, ENHU and ACWI 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, ENHU or ACWI?

On fees, ENHU is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ENHU or ACWI?

ENHU is cheaper with a 0.22% expense ratio, compared with 0.32% for ACWI.

Which ETF pays a higher dividend yield, ENHU or ACWI?

ACWI has the higher dividend yield at 1.38%, compared with 0.34% for ENHU.

What is the main difference between ENHU and ACWI?

ENHU is categorized as Large Cap Blend Equities, while ACWI is Global Equities. Their fees differ too: 0.22% for ENHU and 0.32% for ACWI.