ENHU vs. UNOV

Last updated Jun 4, 2026

ENHU (iShares Enhanced Large Cap Core Active ETF) and UNOV (Innovator U.S. Equity Ultra Buffer ETF - November) are both Large Cap Blend Equities funds. ENHU is actively managed, while UNOV is passively managed. Their correlation of 0.95 suggests significant overlap in exposure. ENHU charges 0.22%/yr vs 0.79%/yr for UNOV.

Performance

ENHU vs. UNOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Enhanced Large Cap Core Active ETF (ENHU) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). 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 UNOV's 5.40% return.

ENHU

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

UNOV

• 1D: -0.22%
• 1M: 2.17%
• YTD: 5.40%
• 6M: 5.64%
• 1Y: 13.88%
• 3Y*: 10.20%
• 5Y*: 6.68%
• 10Y*: —

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

ENHU vs. UNOV - Yearly Performance Comparison

	2026 (YTD)	2025
ENHU iShares Enhanced Large Cap Core Active ETF	10.96%	1.32%
UNOV Innovator U.S. Equity Ultra Buffer ETF - November	5.40%	0.94%

Correlation

The correlation between ENHU and UNOV is 0.95, 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	0.95

Return for Risk

ENHU vs. UNOV — Risk / Return Rank

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

UNOV

UNOV Risk / Return Rank: 77
UNOV Sharpe Ratio Rank: 77
UNOV Sortino Ratio Rank: 81
UNOV Omega Ratio Rank: 84
UNOV Calmar Ratio Rank: 63
UNOV Martin Ratio Rank: 78

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. UNOV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Large Cap Core Active ETF (ENHU) and Innovator U.S. Equity Ultra Buffer ETF - November (UNOV). 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	UNOV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.50	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.74	0.91	+0.83

Drawdowns

ENHU vs. UNOV - Drawdown Comparison

The maximum ENHU drawdown since its inception was -8.98%, smaller than the maximum UNOV drawdown of -13.84%. Use the drawdown chart below to compare losses from any high point for ENHU and UNOV.

Drawdown Indicators

	ENHU	UNOV	Difference
Max Drawdown Largest peak-to-trough decline	-8.98%	-13.84%	+4.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-9.10%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-9.10%	—
Current Drawdown Current decline from peak	-0.62%	-0.22%	-0.40%
Average Drawdown Average peak-to-trough decline	-1.49%	-1.66%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.93%	—

Volatility

Volatility by Period

	ENHU	UNOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.21%	5.58%	+7.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.21%	6.83%	+6.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.21%	7.72%	+5.49%

ENHU vs. UNOV - Expense Ratio Comparison

ENHU has a 0.22% expense ratio, which is lower than UNOV's 0.79% expense ratio.

Dividends

ENHU vs. UNOV - Dividend Comparison

ENHU's dividend yield for the trailing twelve months is around 0.34%, while UNOV has not paid dividends to shareholders.

Position	TTM	2025
ENHU iShares Enhanced Large Cap Core Active ETF	0.34%	0.17%
UNOV Innovator U.S. Equity Ultra Buffer ETF - November	0.00%	0.00%

Frequently Asked Questions

Can I hold both ENHU and UNOV in my portfolio?

With a correlation of 0.95, ENHU and UNOV 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 UNOV?

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 UNOV?

ENHU is cheaper with a 0.22% expense ratio, compared with 0.79% for UNOV.

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

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

What is the main difference between ENHU and UNOV?

They also come from different issuers: iShares and Innovator. Their fees differ too: 0.22% for ENHU and 0.79% for UNOV.