ENHU vs SPY
iShares Enhanced Large Cap Core Active ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ENHU | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.22% | 0.09% | |
| AUM | $11M | $821.1B | |
| Dividend Yield | 0.50% | 1.01% | |
| Holdings | 355 | 505 | |
| YTD Return | +13.70% | +12.68% | |
| 1Y Return | - | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -9.0% | -56.5% | |
| Fund Family | iShares by BlackRock (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Nov 4, 2025 | Jan 22, 1993 |
ENHU vs SPY Performance
iShares Enhanced Large Cap Core Active ETF (ENHU) 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, ENHU is up 13.70% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -9.0% for ENHU 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
ENHU charges 0.22% per year while SPY charges 0.09%. On a $10,000 position that is $22 vs $9 annually, a gap of $13 per year that compounds over a long holding period. On income, ENHU currently yields 0.50% against 1.01% for SPY.
Holdings Overlap
ENHU and SPY share 223 holdings out of 630 unique holdings combined, representing a 71.8% weight overlap.
High overlap means holding both may not provide much additional diversification.
Frequently Asked Questions
Which is cheaper, ENHU or SPY?
ENHU has an expense ratio of 0.22% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
What is the holdings overlap between ENHU and SPY?
ENHU and SPY share 223 common holdings with a 71.8% weight overlap. Combined, they hold 630 unique securities.
Which pays a higher dividend, ENHU or SPY?
ENHU yields 0.50% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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