ENHU vs. FMAY
ENHU (iShares Enhanced Large Cap Core Active ETF) and FMAY (FT Cboe Vest U.S. Equity Buffer ETF - May) are both Large Cap Blend Equities funds. ENHU is actively managed, while FMAY is passively managed. Their correlation of 0.93 suggests significant overlap in exposure. ENHU charges 0.22%/yr vs 0.85%/yr for FMAY.
Performance
ENHU vs. FMAY - Performance Comparison
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Returns By Period
In the year-to-date period, ENHU achieves a 8.83% return, which is significantly higher than FMAY's 3.95% return.
ENHU
- 1D
- -1.39%
- 1M
- -0.77%
- YTD
- 8.83%
- 6M
- 7.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMAY
- 1D
- -0.84%
- 1M
- -0.64%
- YTD
- 3.95%
- 6M
- 3.89%
- 1Y
- 13.09%
- 3Y*
- 13.13%
- 5Y*
- 9.01%
- 10Y*
- —
ENHU vs. FMAY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 8.83% | 1.32% |
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May | 3.95% | 1.91% |
Correlation
The correlation between ENHU and FMAY is 0.93, 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 Nov 5, 2025 | 0.93 |
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Return for Risk
ENHU vs. FMAY — Risk / Return Rank
ENHU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FMAY
ENHU vs. FMAY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Large Cap Core Active ETF (ENHU) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). 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.
| ENHU | FMAY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.12 | — |
| Martin ratioReturn relative to average drawdown | — | 16.70 | — |
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Drawdowns
ENHU vs. FMAY - Drawdown Comparison
The maximum ENHU drawdown since its inception was -8.98%, smaller than the maximum FMAY drawdown of -13.60%. Use the drawdown chart below to compare losses from any high point for ENHU and FMAY.
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Drawdown Indicators
| ENHU | FMAY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.98% | -13.60% | +4.62% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.22% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.60% | — |
Current DrawdownCurrent decline from peak | -2.53% | -1.74% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -2.00% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.79% | — |
Volatility
ENHU vs. FMAY - Volatility Comparison
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Volatility by Period
| ENHU | FMAY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.12% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 5.43% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 6.55% | +7.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 10.66% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 10.17% | +3.75% |
ENHU vs. FMAY - Expense Ratio Comparison
ENHU has a 0.22% expense ratio, which is lower than FMAY's 0.85% expense ratio.
Dividends
ENHU vs. FMAY - Dividend Comparison
ENHU's dividend yield for the trailing twelve months is around 0.51%, while FMAY has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 0.51% | 0.17% |
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, ENHU and FMAY 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.
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.
ENHU is cheaper with a 0.22% expense ratio, compared with 0.85% for FMAY.
ENHU has the higher dividend yield at 0.51%, compared with 0.00% for FMAY.
They also come from different issuers: iShares and First Trust. Their fees differ too: 0.22% for ENHU and 0.85% for FMAY.
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