ENHU vs. IAU

Last updated Jun 4, 2026

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 0.35 correlation, their price movements are largely independent. ENHU charges 0.22%/yr vs 0.25%/yr for IAU.

Performance

ENHU vs. IAU - 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 Gold Trust (IAU). 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 higher than IAU's 2.98% return.

ENHU

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

IAU

• 1D: -0.98%
• 1M: -1.62%
• YTD: 2.98%
• 6M: 5.50%
• 1Y: 32.20%
• 3Y*: 31.29%
• 5Y*: 18.32%
• 10Y*: 13.31%

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

ENHU vs. IAU - Yearly Performance Comparison

	2026 (YTD)	2025
ENHU iShares Enhanced Large Cap Core Active ETF	10.96%	1.32%
IAU iShares Gold Trust	2.98%	8.15%

Correlation

The correlation between ENHU and IAU is 0.35, 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 6, 2025	0.35

Return for Risk

ENHU vs. IAU — Risk / Return Rank

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

IAU

IAU Risk / Return Rank: 32
IAU Sharpe Ratio Rank: 33
IAU Sortino Ratio Rank: 29
IAU Omega Ratio Rank: 36
IAU Calmar Ratio Rank: 33
IAU Martin Ratio Rank: 29

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. 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.

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

Sharpe Ratios by Period

	ENHU	IAU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.03	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.84	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.62	+1.12

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.

Drawdown Indicators

	ENHU	IAU	Difference
Max Drawdown Largest peak-to-trough decline	-8.98%	-45.14%	+36.16%
Max Drawdown (1Y) Largest decline over 1 year	—	-19.18%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-19.18%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.93%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-21.82%	—
Current Drawdown Current decline from peak	-0.62%	-17.70%	+17.08%
Average Drawdown Average peak-to-trough decline	-1.49%	-15.96%	+14.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.71%	—

Volatility

Volatility by Period

	ENHU	IAU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	23.02%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	26.42%	-13.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	17.95%	-4.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	15.90%	-2.69%

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

Position	TTM	2025
ENHU iShares Enhanced Large Cap Core Active ETF	0.34%	0.17%
IAU iShares Gold Trust	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENHU and IAU in my portfolio?

ENHU and IAU have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ENHU or IAU?

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 IAU?

ENHU is cheaper with a 0.22% expense ratio, compared with 0.25% for IAU.

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

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

What is the main difference between ENHU and 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.