ENHU vs QLV
iShares Enhanced Large Cap Core Active ETF vs Northern Trust US Quality Low Volatility ETF
Which is better, ENHU or QLV?
QLV has been ahead.
QLV has a lower expense ratio. QLV led over 1Y and the full window. QLV is less concentrated, with 36.8% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ENHU | QLV |
|---|---|---|
| Expense Ratio | 0.22% | 0.08%Best |
| AUM | $9M | $190M |
| Dividend Yield | 0.74% | 1.43% |
| Holdings | 708 | 246 |
| YTD Return | +12.31% | +16.00%Best |
| 1Y Return | +12.94% | +15.27%Best |
| 3Y Return (annualized) | - | +17.59% |
| 5Y Return (annualized) | - | +10.07% |
| Volatility (annualized) | 13.2% | 8.7%Best |
| Max Drawdown | -9.0% | -6.2%Best |
| $10,000 over 1 years | $11,366 | $11,708Best |
| Top 10 Weight | 38.2% | 36.8%Best |
| Fund Family | iShares by BlackRock (US) | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 4, 2025 | Jul 15, 2019 |
Volatility and max drawdown, and the $10,000 over 1 years row, are measured over the window both funds cover: Nov 5, 2025 to Nov 12, 2026 (1 years).
ENHU vs QLV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1 years both funds cover.
ENHU vs QLV Performance
iShares Enhanced Large Cap Core Active ETF (ENHU) is an ETF from iShares by BlackRock (US) and Northern Trust US Quality Low Volatility ETF (QLV) is an ETF from Northern Trust Asset Management. Over the past year ENHU returned +12.94% while QLV returned +15.27%. Year to date, ENHU is up 12.31% versus a gain of 16.00% for QLV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ENHU has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 8.7% for QLV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.0% for ENHU and -6.2% for QLV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.55. They move together some of the time, and apart the rest.
Fees and Cost Over Time
ENHU charges 0.22% per year while QLV charges 0.08%. On a $10,000 position that is $22 vs $8 annually, a gap of $14 per year that compounds over a long holding period. On income, ENHU currently yields 0.74% against 1.43% for QLV.
Holdings Overlap
57.3% of ENHU's money is in holdings QLV also owns. 70.6% of QLV's money is in holdings ENHU also owns.
Most of QLV is already inside ENHU. Owning both mostly buys the same companies twice.
57 positions in common, counted across the 351 positions we hold weights for in ENHU and 118 in QLV, against full books of 708 and 246.
What only one of them owns
Our book lists 54 positions for QLV that do not appear in our book for ENHU (25.6% of the fund), and 275 for ENHU that do not appear in QLV (41.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ENHU | Weight in QLV | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.43% | 6.33% | 1.10% |
| AAPLApple Inc | 7.26% | 6.17% | 1.09% |
| MSFTMicrosoft Corp | 6.14% | 6.76% | 0.62% |
| AMZNAmazon.Com Inc | 3.90% | 2.46% | 1.44% |
| GOOGLAlphabet Inc | 3.07% | 1.95% | 1.12% |
| JNJJohnson & Johnson - Common | 0.66% | 4.08% | 3.42% |
| AVGOBroadcom Inc | 2.35% | 1.77% | 0.58% |
| GOOGAlphabet Inc. C | 2.55% | 1.47% | 1.08% |
| VVisa Inc Class A | 1.36% | 2.34% | 0.98% |
| METAMeta Platforms Inc | 2.46% | 1.06% | 1.40% |
70.6% of QLV is already inside ENHU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, ENHU or QLV?
ENHU has an expense ratio of 0.22% while QLV charges 0.08%. QLV is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, ENHU or QLV?
Over the past year ENHU returned +12.94% vs +15.27% for QLV, so QLV leads on 1-year performance. Over the longest common window we track (1 years), ENHU annualized +13.66% vs +17.08% for QLV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ENHU or QLV?
ENHU has been the more volatile fund at 13.2% annualized versus 8.7% for QLV. Worst drawdown: ENHU -9.0% vs QLV -6.2%.
Should I hold both ENHU and QLV?
ENHU and QLV have a monthly-return correlation of 0.55, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ENHU and QLV?
70.6% of QLV's money is in holdings ENHU also owns. 70.6% of QLV's is in holdings ENHU also owns. They hold 57 positions in common, counted across the 351 positions we hold weights for in ENHU and 118 in QLV.
Which pays a higher dividend, ENHU or QLV?
ENHU yields 0.74% while QLV yields 1.43%, so QLV currently pays the higher dividend yield.
Is QLV better than ENHU?
QLV has a lower expense ratio. QLV led over 1Y and the full window. QLV is less concentrated, with 36.8% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.