ENHI vs JIRE: Grades, Fees and Holdings Compared

iShares Enhanced International Active ETF

ENHIANasdaq

JPMorgan International Research Enhanced Equity ETF

JIREANYSE Arca

Overlap

58.3%by weight

Expense ratio

ENHI −0.02pt a year

ENHI0.27%JIRE0.29%

Avg volume · 30D

JIRE 67.3×the volume

ENHI6.12KJIRE412K

ENHI vs JIRE Performance

Jul 31, 2026 – Oct 30, 2026

−2.4%ENHI−2.3%JIRE

Expense ratio: ENHI 0.27%, better; JIRE 0.29%
Fund size: ENHI $21M; JIRE $10.9B
1Y total return: ENHI No data; JIRE +13.0%
Yield (12M): ENHI No data; JIRE 2.75%
Holdings: ENHI 594; JIRE 213
Avg volume (30D): ENHI 6.12K sh; JIRE 412K sh, better
NAV per share: ENHI $26.49; JIRE $81.40
52W range

ETF.net Grade

Pillar letters and Scores for ENHI, JIRE, with each pillar’s weight
Pillar	ENHI	JIRE
Cost30% weight	A94	A94
Mission25% weight	Not scored	Not scored
Risk15% weight	A72Higher	B58
Tradability15% weight	C51	A73Higher
Holdings10% weight	A82Higher	A71
Durability5% weight	C46	A93Higher

Rank among International Active Equity funds

How we build Categories ›

Same Category. ENHI and JIRE are both graded against the same 55 International Active Equity funds, so their Grades compare head to head.

International Active Equity⁠

Category · 55 funds

See all 55 ›

JIRE ranks 3rd and ENHI 5th of 55 funds in the International Active Equity Category.

Rank 1AAVDEAvantis International Equity ETFScore 87
Rank 1ADFICDimensional International Core Equity 2 ETFScore 87
Rank 3AJIREJPMorgan International Research Enhanced Equity ETFScore 79
Rank 4AAVDSAvantis International Small Cap Equity ETFScore 78
Rank 5AENHIiShares Enhanced International Active ETFScore 76
Rank 5ATACNT. Rowe Price Active Core International Equity ETFScore 76

Our read on each fund

ETF.net Research

ENHIAiShares Enhanced International Active ETF

JIREAJPMorgan International Research Enhanced Equity ETF

In short

ENHI BlackRock's systematic desk pointed at developed international stocks: roughly 600 names selected by models, benchmarked to MSCI EAFE, at 0.27% a year. Index-fund pricing, active ambitions.

JIRE EAFE core with a stock-picker's fingerprints. JIRE holds sector and geographic risk close to the MSCI EAFE Index and expresses J.P. Morgan's global analyst calls as small over- and underweights, for 0.29% a year, below the typical active international fee.

Stated mandate

ENHI The fund seeks to outperform the MSCI EAFE Index.

JIRE JIRE seeks long-term capital appreciation by investing primarily in foreign developed-market companies. It uses global fundamental research and seeks to outperform the MSCI EAFE Index while maintaining similar sector and geographic risk characteristics.

Why people hold it

ENHI 0.27% a year is less than half the typical active international fund, and right in the neighborhood of systematic rivals AVDE (0.23%) and JIRE (0.24%).
Rules and data do the picking, not hunch. Roughly 600 developed-market holdings means it behaves like a core EAFE-shaped allocation rather than a concentrated bet.blackrock.com
The mandate is explicit: outperform the MSCI EAFE Index. No style drift to guess at, and a public yardstick to judge it against.sec.gov
Stands among the stronger implementations in a crowded active international field, on cost and portfolio breadth.

JIRE Index-like by design: sector and geographic risk stay close to MSCI EAFE, so stock-level tilts from J.P. Morgan's worldwide research bench do the work.jpmorgan.com
0.29% a year, below the median fee in its active international category, and no waiver is propping that up, so there is no expiry date to watch.
Risk spread wide: roughly 200 stocks across developed markets outside North America, inside a multi-billion-dollar fund.
Rates as one of the stronger implementations in the active international equity group.

Worth knowing

ENHI Launched in 2026, so the models have a short live record. An active mandate can trail MSCI EAFE as easily as beat it.
New funds start small and lightly traded, which shows up as wider bid-ask spreads until volume builds.
Cash comes back once or twice a year, not monthly.

JIRE Hugging the benchmark cuts both ways: differences from EAFE come in small slices from stock selection, not bold sector or country bets.
Cheaper shelf-mates exist: DFIC at 0.22% and AVDE at 0.23%, plus TACN at 0.20% gross but 0% net of a waiver through January 30, 2027.
Developed-market holdings are priced in foreign currencies, so moves in the dollar ride along with the stock results.jpmorgan.com

Full ENHI profile⁠

Full JIRE profile⁠

ENHI vs JIRE Holdings

How ENHI and JIRE differ

Overlap by weight

58.3%

Shared holdings make up 88.6% of JIRE and 66.8% of ENHI.

Level by level

Holdings179 in both58.3%
Countryby domicile91.9%
Asset classEquity100%

Sector

No Sector split for ENHI.

Country, concentration and asset class

Country by domicile

Country weights in ENHI and JIRE, widest gap first
Country	More in ENHIMore in JIRE	ENHI	JIRE
Germany	JIRE +1.9 points	8.8%	10.7%
Switzerland	ENHI +1.7 points	9.5%	7.8%
Italy	ENHI +1.6 points	3.7%	2.1%
United States	JIRE +1.5 points	0.0%	1.5%
France	JIRE +1.2 points	9.6%	10.8%
Israel	ENHI +1.1 points	1.1%	0.0%
Ireland	JIRE +1.0 points	0.0%	1.0%
Sweden	ENHI +1.0 points	3.3%	2.3%
Other countries (11)	ENHI +0.2 points	64.1%	63.9%

Outside the US: ENHI 99% developed, 1% emerging. JIRE 100% developed, 0% emerging.

Concentration

Weight in the 10 largest Holdings

ENHI15.5%
JIRE16.8%

Securities held

ENHI580
JIRE208

Asset class

ENHI: Equity
JIRE: Equity

Holdings

Only in ENHI401
In both179
Only in JIRE29

Only in ENHI

401 securities, 32.8% of ENHI by weight

Novo Nordisk Class B0.61%
Dbs Group Holdings Ltd0.54%
Airbus Group0.53%
Investor Class B0.47%
Engie SA0.36%
Atlas Copco Class A0.32%
Glencore PLC0.29%
Experian PLC0.29%
Deutsche Bank AG0.27%
Orange SA0.27%
Equinor0.26%
Swedbank0.26%
Argenx0.26%
Holcim Ltd AG0.26%
Swiss Re AG0.25%
Erste Group Bank AG0.25%
Naturgy Energy Group SA0.24%
Nordea Bank0.24%
Israel Discount Bank Ltd0.24%
Anglo American PLC0.23%
Wolters Kluwer0.23%
Genmab0.23%
Volvo Class B0.23%
Sumitomo0.23%
Vodafone Group PLC0.23%
Dnb Bank0.23%
Mizrahi Tefahot Bank Ltd0.22%
Terna Rete Elettrica Nazionale0.22%
Assicurazioni Generali0.22%
Amadeus It Group0.21%
Sompo Holdings0.21%
Singapore Telecommunications Ltd0.20%
Telefonica SA0.20%
Sandvik0.20%
Asm International NV0.20%
Denso0.19%
Prysmian0.19%
Marubeni0.19%
Compagnie De Saint Gobain SA0.19%
Softbank0.19%
Smc (Japan) Corp0.19%
Daikin Industries Ltd0.19%
Daiichi Life Group0.19%
Nec0.19%
Fanuc Corp0.19%
Chugai Pharmaceutical Ltd0.18%
United Overseas Bank0.18%
Ferrari0.18%
Otsuka Holdings0.18%
Tdk0.18%

Only in JIRE

29 securities, 11.4% of JIRE by weight

Atlas Copco Ab Common0.96%
Dbs Group Holdings Ltd0.84%
Engie SA Common Stock0.79%
Volvo Ab Common Stock Sek0.68%
Ferrari NV Common Stock0.67%
Novo Nordisk A/S Common0.58%
Novonesis Novozymes B0.57%
Hong Kong Exchanges &0.56%
Orange SA Common Stock0.55%
Asr Nederland NV Common0.51%
Spotify Technology SA0.44%
Airbus SE Common Stock0.41%
Finecobank Banca Fineco0.38%
Carlsberg As Common Stock0.37%
Continental AG Common0.35%
Aib Group PLC Common0.32%
Rheinmetall AG Common0.30%
JPMorgan Prime Money0.29%
Argenx SE0.25%
Sea Ltd-Adr0.25%
Next PLC Common Stock0.25%
Nordea Bank Abp Common0.23%
Investor Ab Common Stock0.19%
Nebius Group NV Common0.15%
Glencore PLC Common0.13%
United Overseas Bank Ltd0.12%
Ryanair Holdings PLC0.11%
Assa Abloy Ab Common0.09%
Stmicroelectronics NV0.07%

Weight gaps

The 100 widest of 179 Holdings in both funds.

Holding weights in ENHI and JIRE, widest gap first
Holding	More in ENHIMore in JIRE	ENHI	JIRE
Lair Liquide Societe Anonyme Pour	JIRE +0.81 points	0.33%	1.14%
Lonza Group AG	JIRE +0.73 points	0.11%	0.84%
Muenchener Rueckversicherungs-Gese	JIRE +0.62 points	0.43%	1.05%
Safran SA	JIRE +0.61 points	0.45%	1.06%
Allianz	JIRE +0.61 points	0.94%	1.55%
Barclays PLCBARC.L	JIRE +0.59 points	0.36%	0.95%
Rio Tinto	JIRE +0.57 points	0.18%	0.75%
Mitsubishi Ufj Financial Group	ENHI +0.57 points	1.27%	0.70%
Legrand SA	JIRE +0.55 points	0.19%	0.74%
Asml Holding	JIRE +0.55 points	2.86%	3.41%
Societe Generale SA	JIRE +0.54 points	0.19%	0.73%
Enel	ENHI +0.49 points	0.55%	0.06%
Astrazeneca PLCAZN.L	JIRE +0.48 points	1.46%	1.94%
Unicredit	JIRE +0.48 points	0.55%	1.03%
Natwest Group PLCNWG.L	JIRE +0.47 points	0.29%	0.76%
Iberdrola	JIRE +0.46 points	0.73%	1.19%
Relx PLCREL.L	JIRE +0.46 points	0.40%	0.86%
Mtu Aero Engines Holding AG	JIRE +0.45 points	0.05%	0.50%
Sse PLCSSE.L	JIRE +0.45 points	0.18%	0.63%
Danske Bank	JIRE +0.44 points	0.20%	0.64%
T&D Holdings	JIRE +0.44 points	0.10%	0.54%
Toyota Motor	JIRE +0.44 points	0.75%	1.19%
Kingspan Group PLC	JIRE +0.43 points	0.08%	0.51%
Takeda Pharmaceutical	JIRE +0.42 points	0.30%	0.72%
Abb Ltd	ENHI +0.41 points	0.70%	0.29%
Banco Bilbao Vizcaya Argentaria	ENHI +0.41 points	0.62%	0.21%
Sumitomo Mitsui Financial Group	JIRE +0.40 points	0.74%	1.14%
Kddi	JIRE +0.40 points	0.03%	0.43%
London Stock Exchange Group PLCLSEG.L	JIRE +0.40 points	0.31%	0.71%
National Grid PLCNG.L	JIRE +0.40 points	0.39%	0.79%
Rwe AG	JIRE +0.39 points	0.23%	0.62%
Tokio Marine Holdings	JIRE +0.39 points	0.47%	0.86%
Recruit Holdings Ltd	JIRE +0.38 points	0.80%	1.18%
The Sage GroupSGE.L	JIRE +0.37 points	0.16%	0.53%
Intercontinental Hotels Group PLCIHG.L	JIRE +0.37 points	0.04%	0.41%
Mitsubishi	ENHI +0.37 points	0.52%	0.15%
Kao	JIRE +0.36 points	0.04%	0.40%
Siemens N AG	JIRE +0.35 points	1.24%	1.59%
Japan Post Bank Ltd	JIRE +0.35 points	0.17%	0.52%
Hoya	JIRE +0.36 points	0.23%	0.59%
Asics	JIRE +0.34 points	0.06%	0.40%
Koninklijke Kpn NV	JIRE +0.34 points	0.16%	0.50%
Banco Santander	JIRE +0.34 points	0.87%	1.21%
Ajinomoto	JIRE +0.34 points	0.14%	0.48%
Intesa Sanpaolo	ENHI +0.34 points	0.57%	0.23%
Itochu	JIRE +0.33 points	0.40%	0.73%
Telstra Group	JIRE +0.33 points	0.05%	0.38%
Anheuser-Busch Inbev SA	ENHI +0.33 points	0.46%	0.13%
Kbc Groep	JIRE +0.32 points	0.06%	0.38%
Shin Etsu Chemical	JIRE +0.31 points	0.28%	0.59%
Mizuho Financial Group	ENHI +0.31 points	0.56%	0.25%
Hitachi	JIRE +0.30 points	0.74%	1.04%
Compagnie Financiere Richemont SA	JIRE +0.30 points	0.50%	0.80%
Infineon Technologies AG	JIRE +0.30 points	0.38%	0.68%
Keyence	JIRE +0.29 points	0.47%	0.76%
Totalenergies	JIRE +0.28 points	0.91%	1.19%
Terumo	JIRE +0.28 points	0.04%	0.32%
Capgemini	JIRE +0.28 points	0.21%	0.49%
Suzuki Motor	JIRE +0.27 points	0.06%	0.33%
Kajima	JIRE +0.28 points	0.08%	0.36%
Sumitomo Realty & Development	JIRE +0.27 points	0.04%	0.31%
Sanofi SA	JIRE +0.27 points	0.54%	0.81%
Resona Holdings	JIRE +0.25 points	0.15%	0.40%
Reckitt Benckiser Group PLCRKT.L	JIRE +0.24 points	0.15%	0.39%
Advantest	JIRE +0.24 points	0.73%	0.97%
Insurance Australia Group	JIRE +0.24 points	0.06%	0.30%
Westpac Banking Corporation	ENHI +0.24 points	0.34%	0.10%
Santos	JIRE +0.24 points	0.07%	0.31%
Zurich Insurance Group AG	ENHI +0.24 points	0.52%	0.28%
Medibank Private	JIRE +0.23 points	0.10%	0.33%
Oversea-Chinese Banking	ENHI +0.24 points	0.39%	0.15%
Nintendo	ENHI +0.24 points	0.30%	0.06%
Fujitsu	JIRE +0.23 points	0.24%	0.47%
Bhp Group Ltd	JIRE +0.23 points	0.90%	1.13%
Sumitomo Electric Industries	JIRE +0.23 points	0.17%	0.40%
Heineken NV	JIRE +0.22 points	0.19%	0.41%
Ubs Group AG	JIRE +0.22 points	0.70%	0.92%
Ing Groep	ENHI +0.22 points	0.41%	0.19%
Dhl AG	JIRE +0.21 points	0.38%	0.59%
Compass Group PLCCPG.L	JIRE +0.21 points	0.22%	0.43%
Tokyo Electron	JIRE +0.21 points	0.68%	0.89%
Deutsche Telekom N AG	JIRE +0.21 points	0.50%	0.71%
Lloyds Banking Group PLCLLOY.L	ENHI +0.21 points	0.34%	0.13%
Vinci SA	JIRE +0.20 points	0.32%	0.52%
Siemens Energy N AG	ENHI +0.19 points	0.54%	0.35%
Hermes International	ENHI +0.19 points	0.24%	0.05%
Commonwealth Bank of Australia	ENHI +0.19 points	0.93%	0.74%
GlaxosmithklineGSK.L	ENHI +0.18 points	0.56%	0.38%
Central Japan Railway	JIRE +0.18 points	0.04%	0.22%
Kubota	JIRE +0.18 points	0.05%	0.23%
Schneider Electric	ENHI +0.18 points	0.77%	0.59%
Mitsui	JIRE +0.17 points	0.48%	0.65%
Telia Company	JIRE +0.16 points	<0.01%	0.17%
Zalando	JIRE +0.16 points	<0.01%	0.17%
Rolls-Royce Holdings PLCRR.L	ENHI +0.16 points	0.60%	0.44%
ShellSHEL.L	ENHI +0.16 points	1.69%	1.53%
Axa SA	ENHI +0.16 points	0.51%	0.35%
Macquarie Group Ltd Def	ENHI +0.15 points	0.45%	0.30%
Industria De Diseno Textil SA	JIRE +0.15 points	0.17%	0.32%
Japan Tobacco	ENHI +0.15 points	0.32%	0.17%

All 580 ENHI holdings⁠All 212 JIRE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ENHI vs JIRE Cost

Overpaying JIRE vs ENHI

$395

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ENHI 0.27%
$5,557
JIRE 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

ENHI 0.27%
JIRE 0.29%
Overpaying

Year by year

Year	ENHI	JIRE	Overpaying
10	$491	$527	$36
20	$1,907	$2,044	$137
30	$5,557	$5,952	$395

Expense ratio

0.27%ENHI, cheaper
0.29%JIRE

ENHI0.27%JIRE0.29%

0.00%1.49%

Middle half of International Active Equity funds
Median 0.55%

ENHI 4th cheapest of 55 funds

JIRE 5th cheapest of 55 funds

ENHI vs JIRE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ENHI No data; JIRE 2.75%
Payout (12M): ENHI No data; JIRE $2.24
Last payment: ENHI $0.32; JIRE $2.24
Ex-dividend: ENHI Jun 15, 2026; JIRE Dec 16, 2025
Paid on: ENHI Jun 18, 2026; JIRE Dec 18, 2025
Frequency: ENHI Irregular; JIRE Annual

Distribution history

Per share, 2022 to 2026, same scale for both

ENHIIrregular · 1 paymentAll ENHI payments⁠

JIREAnnual · 4 paymentsAll JIRE payments⁠

ENHI vs JIRE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: ENHI No dataJIRE 11.8%
Return per unit of riskSharpe ratio, 3 years: ENHI No dataJIRE 1.15
Worst fallMax drawdown, 5 years: ENHI No dataJIRE −16.1%since Jun 2022
Market sensitivityBeta, 5 years: ENHI 0.57JIRE 0.81; Market = 1

ENHI and JIRE in the news

All news⁠

ETF Filings
Transamerica files TAVI, a Great Lakes EAFE ETF, as a $4.27 billion fund changes sub-adviser
Sep 22, 2026JIRE
ETF Filings
Causeway files its first ETFs into a 0.22% to 0.39% category, its own fee blank
Sep 18, 2026JIRE
ETF Filings
Franklin Templeton files two enhanced ETFs to absorb its international core funds
Sep 18, 2026JIRE
ETF Filings
Janus Henderson International Core Alpha ETF prospectus takes effect at 0.35%
Sep 14, 2026JIRE
New ETFs
PGIM lists two more Jennison core ETFs after a May launch that still holds $7 million
Sep 8, 2026JIRE
ETF Filings
JPMorgan All Country Research Enhanced Equity ETF sets 0.22% fee, ticker JALL
Sep 4, 2026JIRE

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ENHI vs JIRE

In short

Stated mandate

Why people hold it