ENHI vs SPY
iShares Enhanced International Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ENHI offers more diversification with 631 holdings.
Side-by-Side Comparison
| Metric | ENHI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.27% | 0.09% | |
| AUM | $22M | $821.1B | |
| Dividend Yield | 1.16% | 1.01% | |
| Holdings | 631 | 505 | |
| YTD Return | +14.45% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -5.6% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Mar 10, 2026 | Jan 22, 1993 |
ENHI vs SPY Performance
iShares Enhanced International Active ETF (ENHI) is a ETF from iShares by BlackRock (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, ENHI is up 14.45% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -5.6% for ENHI and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
ENHI charges 0.27% per year while SPY charges 0.09%. On a $10,000 position that is $27 vs $9 annually, a gap of $18 per year that compounds over a long holding period. On income, ENHI currently yields 1.16% against 1.01% for SPY.
Holdings Overlap
ENHI and SPY share 4 holdings out of 1114 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ENHI or SPY?
ENHI has an expense ratio of 0.27% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $18 per year of difference.
What is the holdings overlap between ENHI and SPY?
ENHI and SPY share 4 common holdings with a 0.3% weight overlap. Combined, they hold 1114 unique securities.
Which pays a higher dividend, ENHI or SPY?
ENHI yields 1.16% while SPY yields 1.01%, so ENHI currently pays the higher dividend yield.
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