ENHU vs. IVV
ENHU (iShares Enhanced Large Cap Core Active ETF) and IVV (iShares Core S&P 500 ETF) are both exchange-traded funds - ENHU is a Large Cap Blend Equities fund actively managed by iShares, while IVV is a S&P 500 fund tracking the S&P 500 Index. ENHU is actively managed, while IVV is passively managed. With a 0.99 correlation, they move nearly in lockstep. ENHU charges 0.22%/yr vs 0.03%/yr for IVV.
Performance
ENHU vs. IVV - 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 IVV's 8.20% return.
ENHU
- 1D
- -1.39%
- 1M
- -0.77%
- YTD
- 8.83%
- 6M
- 7.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IVV
- 1D
- -1.42%
- 1M
- -1.34%
- YTD
- 8.20%
- 6M
- 7.25%
- 1Y
- 23.72%
- 3Y*
- 20.79%
- 5Y*
- 13.13%
- 10Y*
- 15.58%
ENHU vs. IVV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 8.83% | 1.32% |
IVV iShares Core S&P 500 ETF | 8.20% | 1.26% |
Correlation
The correlation between ENHU and IVV is 0.99 - 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 5, 2025 | 0.99 |
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Return for Risk
ENHU vs. IVV — Risk / Return Rank
ENHU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IVV
ENHU vs. IVV - 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 Core S&P 500 ETF (IVV). 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 | IVV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.68 | — |
| Martin ratioReturn relative to average drawdown | — | 11.98 | — |
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Drawdowns
ENHU vs. IVV - Drawdown Comparison
The maximum ENHU drawdown since its inception was -8.98%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for ENHU and IVV.
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Drawdown Indicators
| ENHU | IVV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.98% | -55.25% | +46.27% |
Max Drawdown (1Y)Largest decline over 1 year | — | -8.89% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.53% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.90% | — |
Current DrawdownCurrent decline from peak | -2.53% | -3.14% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -10.76% | +9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.99% | — |
Volatility
ENHU vs. IVV - Volatility Comparison
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Volatility by Period
| ENHU | IVV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.88% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.85% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 12.48% | +1.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 16.98% | -3.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 18.07% | -4.15% |
ENHU vs. IVV - Expense Ratio Comparison
ENHU has a 0.22% expense ratio, which is higher than IVV's 0.03% expense ratio. However, 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. IVV - Dividend Comparison
ENHU's dividend yield for the trailing twelve months is around 0.51%, less than IVV's 1.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 0.51% | 0.17% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.11% | 1.17% | 1.30% | 1.44% | 1.66% | 1.20% | 1.57% | 1.85% | 2.21% | 1.75% | 2.01% | 2.27% |
Frequently Asked Questions
With a correlation of 0.99, ENHU and IVV 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, IVV is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IVV is cheaper with a 0.03% expense ratio, compared with 0.22% for ENHU.
IVV has the higher dividend yield at 1.11%, compared with 0.51% for ENHU.
ENHU is categorized as Large Cap Blend Equities, while IVV is S&P 500. Their fees differ too: 0.22% for ENHU and 0.03% for IVV.
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