ENHU vs QQQ
iShares Enhanced Large Cap Core Active ETF vs Invesco QQQ Trust, Series 1
Which is better, ENHU or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. ENHU led over 1Y and the full window. ENHU is less concentrated, with 38.2% of the fund in its ten largest positions against 46.9%.
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 | QQQ |
|---|---|---|
| Expense Ratio | 0.22% | 0.18%Best |
| AUM | $9M | $437.3B |
| Dividend Yield | 0.74% | 0.43% |
| Holdings | 708 | 208 |
| YTD Return | +12.74% | +12.98%Best |
| 1Y Return | +13.49%Best | +11.59% |
| 3Y Return (annualized) | - | +23.05% |
| 5Y Return (annualized) | - | +12.74% |
| Volatility (annualized) | 13.1%Best | 23.1% |
| Max Drawdown | -9.0%Best | -14.8% |
| $10,000 over 1 years | $11,413Best | $11,110 |
| Top 10 Weight | 38.2%Best | 46.9% |
| Fund Family | iShares by BlackRock (US) | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Nov 4, 2025 | Mar 10, 1999 |
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 11, 2026 (1 years).
ENHU vs QQQ 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 QQQ Performance
iShares Enhanced Large Cap Core Active ETF (ENHU) is an ETF from iShares by BlackRock (US) and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year ENHU returned +13.49% while QQQ returned +11.59%. Year to date, ENHU is up 12.74% versus a gain of 12.98% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 23.1% compared with 13.1% for ENHU. 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 -14.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ENHU charges 0.22% per year while QQQ charges 0.18%. On a $10,000 position that is $22 vs $18 annually, a gap of $4 per year that compounds over a long holding period. On income, ENHU currently yields 0.74% against 0.43% for QQQ.
Holdings Overlap
52.6% of ENHU's money is in holdings QQQ also owns. 87.6% of QQQ's money is in holdings ENHU also owns.
Most of QQQ is already inside ENHU. Owning both mostly buys the same companies twice.
64 positions in common, counted across the 351 positions we hold weights for in ENHU and 101 in QQQ, against full books of 708 and 208.
What only one of them owns
Our book lists 30 positions for QQQ that do not appear in our book for ENHU (9.6% of the fund), and 267 for ENHU that do not appear in QQQ (46.5%).
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 QQQ | Difference |
|---|---|---|---|
| NVDANvidia Corp | 7.43% | 8.05% | 0.62% |
| AAPLApple Inc | 7.26% | 7.68% | 0.42% |
| MSFTMicrosoft Corp | 6.14% | 6.16% | 0.02% |
| AMZNAmazon.Com Inc | 3.90% | 4.23% | 0.33% |
| GOOGLAlphabet Inc | 3.07% | 3.15% | 0.08% |
| MUMicron Technology, Inc. | 1.58% | 4.47% | 2.89% |
| METAMeta Platforms Inc | 2.46% | 3.37% | 0.91% |
| GOOGAlphabet Inc. C | 2.55% | 2.93% | 0.38% |
| AMDAdvanced Micro Devices Inc | 1.29% | 3.90% | 2.61% |
| AVGOBroadcom Inc | 2.35% | 2.52% | 0.17% |
87.6% of QQQ 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 QQQ?
ENHU has an expense ratio of 0.22% while QQQ charges 0.18%. QQQ is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, ENHU or QQQ?
Over the past year ENHU returned +13.49% vs +11.59% for QQQ, so ENHU leads on 1-year performance. Over the longest common window we track (1 years), ENHU annualized +14.13% vs +11.10% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ENHU or QQQ?
QQQ has been the more volatile fund at 23.1% annualized versus 13.1% for ENHU. Worst drawdown: ENHU -9.0% vs QQQ -14.8%.
Should I hold both ENHU and QQQ?
ENHU and QQQ have a monthly-return correlation of 0.89, 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 QQQ?
87.6% of QQQ's money is in holdings ENHU also owns. 87.6% of QQQ's is in holdings ENHU also owns. They hold 64 positions in common, counted across the 351 positions we hold weights for in ENHU and 101 in QQQ.
Which pays a higher dividend, ENHU or QQQ?
ENHU yields 0.74% while QQQ yields 0.43%, so ENHU currently pays the higher dividend yield.
Is QQQ better than ENHU?
QQQ has a lower expense ratio. ENHU led over 1Y and the full window. ENHU is less concentrated, with 38.2% of the fund in its ten largest positions against 46.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.