ENHU vs. FMAY

Last updated Jun 3, 2026

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 0.92 suggests significant overlap in exposure. ENHU charges 0.22%/yr vs 0.85%/yr for FMAY.

Performance

ENHU vs. FMAY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Enhanced Large Cap Core Active ETF (ENHU) and FT Cboe Vest U.S. Equity Buffer ETF - May (FMAY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ENHU achieves a 11.65% return, which is significantly higher than FMAY's 5.79% return.

ENHU

• 1D: 0.21%
• 1M: 5.16%
• YTD: 11.65%
• 6M: 12.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FMAY

• 1D: 0.13%
• 1M: 2.00%
• YTD: 5.79%
• 6M: 6.86%
• 1Y: 16.18%
• 3Y*: 14.28%
• 5Y*: 9.69%
• 10Y*: —

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

ENHU vs. FMAY - Yearly Performance Comparison

	2026 (YTD)	2025
ENHU iShares Enhanced Large Cap Core Active ETF	11.65%	1.32%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	5.79%	1.62%

Correlation

The correlation between ENHU and FMAY 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 Nov 6, 2025	0.92

Return for Risk

ENHU vs. FMAY — Risk / Return Rank

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

FMAY

FMAY Risk / Return Rank: 85
FMAY Sharpe Ratio Rank: 81
FMAY Sortino Ratio Rank: 87
FMAY Omega Ratio Rank: 89
FMAY Calmar Ratio Rank: 76
FMAY Martin Ratio Rank: 92

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. 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.

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

Sharpe Ratios by Period

	ENHU	FMAY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.92	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.86	1.03	+0.83

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.

Drawdown Indicators

	ENHU	FMAY	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.50%	-2.01%	+0.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.72%	—

Volatility

Volatility by Period

	ENHU	FMAY	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.57%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.22%	6.03%	+7.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.22%	10.59%	+2.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.22%	10.15%	+3.07%

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 0.34%, while FMAY has not paid dividends to shareholders.

Position	TTM	2025
ENHU iShares Enhanced Large Cap Core Active ETF	0.34%	0.17%
FMAY FT Cboe Vest U.S. Equity Buffer ETF - May	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENHU and FMAY in my portfolio?

With a correlation of 0.92, 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.

Which ETF is better, ENHU or FMAY?

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 FMAY?

ENHU is cheaper with a 0.22% expense ratio, compared with 0.85% for FMAY.

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

ENHU has the higher dividend yield at 0.34%, compared with 0.00% for FMAY.

What is the main difference between ENHU and FMAY?

They also come from different issuers: iShares and First Trust. Their fees differ too: 0.22% for ENHU and 0.85% for FMAY.