This invention relates to an improved shrink film having balanced properties. In particular, this invention relates to a biaxially oriented polyolefin shrink film made from a particular polymer mixture which includes a first ethylene polymer component having a single differential scanning calorimetry (DSC) melting peak or a single Analytical Temperature Rising Elution Fractionation (ATREF) peak and a second ethylene polymer component having one or more DSC melting peaks, wherein the density differential between the two component polymers about 0 to about 0.03 g/cc. Improved properties include increased shrink responses, wide orientation windows, higher modulus and high softening temperatures.