ENHU vs. UCO
ENHU (iShares Enhanced Large Cap Core Active ETF) and UCO (ProShares Ultra Bloomberg Crude Oil) are both exchange-traded funds - ENHU is a Large Cap Blend Equities fund actively managed by iShares, while UCO is a Oil & Gas fund tracking the Bloomberg Commodity Balanced WTI Crude Oil Index (200%). ENHU is actively managed, while UCO is passively managed. At a correlation of -0.31, they often move in opposite directions. ENHU charges 0.22%/yr vs 0.95%/yr for UCO.
Performance
ENHU vs. UCO - Performance Comparison
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Returns By Period
In the year-to-date period, ENHU achieves a 10.91% return, which is significantly lower than UCO's 100.52% return.
ENHU
- 1D
- -0.72%
- 1M
- 1.43%
- 6M
- 8.67%
- YTD
- 10.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
UCO
- 1D
- 11.74%
- 1M
- -7.72%
- 6M
- 88.88%
- YTD
- 100.52%
- 1Y
- 57.67%
- 3Y*
- 13.74%
- 5Y*
- 14.86%
- 10Y*
- 21.66%
ENHU vs. UCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 10.91% | 1.32% |
UCO ProShares Ultra Bloomberg Crude Oil | 100.52% | -9.59% |
Correlation
The correlation between ENHU and UCO is -0.31, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | -0.31 |
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Return for Risk
ENHU vs. UCO — Risk / Return Rank
ENHU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
UCO
ENHU vs. UCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Large Cap Core Active ETF (ENHU) and ProShares Ultra Bloomberg Crude Oil (UCO). 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 | UCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.19 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.50 | — |
| Martin ratioReturn relative to average drawdown | — | 3.22 | — |
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Drawdowns
ENHU vs. UCO - Drawdown Comparison
The maximum ENHU drawdown since its inception was -8.98%, smaller than the maximum UCO drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for ENHU and UCO.
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Drawdown Indicators
| ENHU | UCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.98% | -99.86% | +90.88% |
Max Drawdown (1Y)Largest decline over 1 year | — | -38.55% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -50.38% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -67.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -96.50% | — |
Current DrawdownCurrent decline from peak | -0.72% | -84.44% | +83.72% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -82.12% | +80.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 17.99% | — |
Volatility
ENHU vs. UCO - Volatility Comparison
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Volatility by Period
| ENHU | UCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 21.64% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 49.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.62% | 58.34% | -44.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.62% | 60.48% | -46.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.62% | 317.76% | -304.14% |
ENHU vs. UCO - Expense Ratio Comparison
ENHU has a 0.22% expense ratio, which is lower than UCO's 0.95% expense ratio.
Dividends
ENHU vs. UCO - Dividend Comparison
ENHU's dividend yield for the trailing twelve months is around 0.50%, while UCO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 0.50% | 0.17% |
UCO ProShares Ultra Bloomberg Crude Oil | 0.00% | 0.00% |
Frequently Asked Questions
ENHU and UCO have a correlation of -0.31, 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 0.95% for UCO.
ENHU has the higher dividend yield at 0.50%, compared with 0.00% for UCO.
ENHU is categorized as Large Cap Blend Equities, while UCO is Oil & Gas. They also come from different issuers: iShares and ProShares. Their fees differ too: 0.22% for ENHU and 0.95% for UCO.
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