ENHU vs. IAU
ENHU (iShares Enhanced Large Cap Core Active ETF) and IAU (iShares Gold Trust) are both exchange-traded funds - ENHU is a Large Cap Blend Equities fund actively managed by iShares, while IAU is a Gold fund tracking the LBMA Gold Price. ENHU is actively managed, while IAU is passively managed. At a 0.41 correlation, their price movements are largely independent. ENHU charges 0.22%/yr vs 0.25%/yr for IAU.
Performance
ENHU vs. IAU - 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 IAU's -4.73% return.
ENHU
- 1D
- -1.39%
- 1M
- -0.77%
- YTD
- 8.83%
- 6M
- 7.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IAU
- 1D
- -1.87%
- 1M
- -8.82%
- YTD
- -4.73%
- 6M
- -8.68%
- 1Y
- 21.45%
- 3Y*
- 28.61%
- 5Y*
- 18.02%
- 10Y*
- 11.76%
ENHU vs. IAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 8.83% | 1.32% |
IAU iShares Gold Trust | -4.73% | 9.38% |
Correlation
The correlation between ENHU and IAU is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.41 |
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Return for Risk
ENHU vs. IAU — Risk / Return Rank
ENHU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IAU
ENHU vs. IAU - 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 Gold Trust (IAU). 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 | IAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.88 | — |
| Martin ratioReturn relative to average drawdown | — | 2.37 | — |
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Drawdowns
ENHU vs. IAU - Drawdown Comparison
The maximum ENHU drawdown since its inception was -8.98%, smaller than the maximum IAU drawdown of -45.14%. Use the drawdown chart below to compare losses from any high point for ENHU and IAU.
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Drawdown Indicators
| ENHU | IAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.98% | -45.14% | +36.16% |
Max Drawdown (1Y)Largest decline over 1 year | — | -24.40% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.40% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.40% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.40% | — |
Current DrawdownCurrent decline from peak | -2.53% | -23.87% | +21.34% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -15.97% | +14.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 9.07% | — |
Volatility
ENHU vs. IAU - Volatility Comparison
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Volatility by Period
| ENHU | IAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.10% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.23% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 27.38% | -13.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 18.18% | -4.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 15.98% | -2.06% |
ENHU vs. IAU - Expense Ratio Comparison
ENHU has a 0.22% expense ratio, which is lower than IAU's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ENHU vs. IAU - Dividend Comparison
ENHU's dividend yield for the trailing twelve months is around 0.51%, while IAU has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 0.51% | 0.17% |
IAU iShares Gold Trust | 0.00% | 0.00% |
Frequently Asked Questions
ENHU and IAU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 0.25% for IAU.
ENHU has the higher dividend yield at 0.51%, compared with 0.00% for IAU.
ENHU is categorized as Large Cap Blend Equities, while IAU is Gold. Their fees differ too: 0.22% for ENHU and 0.25% for IAU.
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