ENHU vs. USO
ENHU (iShares Enhanced Large Cap Core Active ETF) and USO (United States Oil Fund LP) are both exchange-traded funds - ENHU is a Large Cap Blend Equities fund actively managed by iShares, while USO is a Oil & Gas fund tracking the Front Month Light Sweet Crude Oil. ENHU is actively managed, while USO is passively managed. At a correlation of -0.35, they often move in opposite directions. ENHU charges 0.22%/yr vs 0.86%/yr for USO.
Performance
ENHU vs. USO - Performance Comparison
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Returns By Period
In the year-to-date period, ENHU achieves a 8.83% return, which is significantly lower than USO's 60.87% return.
ENHU
- 1D
- -1.39%
- 1M
- -0.77%
- YTD
- 8.83%
- 6M
- 7.89%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
USO
- 1D
- -1.27%
- 1M
- -21.05%
- YTD
- 60.87%
- 6M
- 58.26%
- 1Y
- 45.61%
- 3Y*
- 21.25%
- 5Y*
- 17.42%
- 10Y*
- 2.01%
ENHU vs. USO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 8.83% | 1.32% |
USO United States Oil Fund LP | 60.87% | -3.85% |
Correlation
The correlation between ENHU and USO is -0.35, 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 | -0.35 |
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Return for Risk
ENHU vs. USO — Risk / Return Rank
ENHU
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
USO
ENHU vs. USO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Enhanced Large Cap Core Active ETF (ENHU) and United States Oil Fund LP (USO). 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 | USO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.68 | — |
| Martin ratioReturn relative to average drawdown | — | 4.57 | — |
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Drawdowns
ENHU vs. USO - Drawdown Comparison
The maximum ENHU drawdown since its inception was -8.98%, smaller than the maximum USO drawdown of -98.19%. Use the drawdown chart below to compare losses from any high point for ENHU and USO.
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Drawdown Indicators
| ENHU | USO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.98% | -98.19% | +89.21% |
Max Drawdown (1Y)Largest decline over 1 year | — | -27.26% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.26% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -36.23% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -86.75% | — |
Current DrawdownCurrent decline from peak | -2.53% | -88.16% | +85.63% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -75.31% | +73.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 10.02% | — |
Volatility
ENHU vs. USO - Volatility Comparison
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Volatility by Period
| ENHU | USO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 39.34% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.92% | 44.35% | -30.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 36.32% | -22.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.92% | 39.02% | -25.10% |
ENHU vs. USO - Expense Ratio Comparison
ENHU has a 0.22% expense ratio, which is lower than USO's 0.86% expense ratio.
Dividends
ENHU vs. USO - Dividend Comparison
ENHU's dividend yield for the trailing twelve months is around 0.51%, while USO has not paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
ENHU iShares Enhanced Large Cap Core Active ETF | 0.51% | 0.17% |
USO United States Oil Fund LP | 0.00% | 0.00% |
Frequently Asked Questions
ENHU and USO 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.
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 0.86% for USO.
ENHU has the higher dividend yield at 0.51%, compared with 0.00% for USO.
ENHU is categorized as Large Cap Blend Equities, while USO is Oil & Gas. They also come from different issuers: iShares and USCF. Their fees differ too: 0.22% for ENHU and 0.86% for USO.
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