A good substitute for ancho chile powder is New Mexico chile powder. For those looking for something spicier than ancho chile powder, guajillo powder is a good substitute. Mexican Mulato pepper is the ancho substitute for those who need their dish to be a bit sweet.
Ancho chiles or anchos are dried poblano peppers. Ancho chile powder is made up of dried and then ground ancho chiles. This powder can be described as mild or moderate in heat and is used to provide flavor to soups, stews, chilis and sauces. Ancho chile is one of the three chiles used in mole sauce.