ASHX vs. ECNS

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and iShares MSCI China Small-Cap ETF (ECNS).

ASHX and ECNS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASHX is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI China A Inclusion Index. It was launched on Oct 20, 2015. ECNS is a passively managed fund by iShares that tracks the performance of the MSCI China Small Cap Index. It was launched on Sep 28, 2010. Both ASHX and ECNS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ASHX vs. ECNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and iShares MSCI China Small-Cap ETF (ECNS). The values are adjusted to include any dividend payments, if applicable.

ASHX vs. ECNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.27%	-13.59%	-26.45%	2.64%	42.24%	35.03%	-27.51%	20.14%
ECNS iShares MSCI China Small-Cap ETF	-0.77%	36.49%	5.64%	-23.05%	-24.58%	2.11%	25.42%	7.84%	-18.27%	27.55%

Returns By Period

ASHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ECNS

• 1D: 1.31%
• 1M: -9.47%
• YTD: -0.77%
• 6M: -14.00%
• 1Y: 24.71%
• 3Y*: 4.60%
• 5Y*: -5.59%
• 10Y*: 2.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASHX vs. ECNS - Expense Ratio Comparison

ASHX has a 0.60% expense ratio, which is higher than ECNS's 0.59% expense ratio.

ASHX

Xtrackers MSCI China A Inclusion Equity ETF

ECNS

iShares MSCI China Small-Cap ETF

Return for Risk

ASHX vs. ECNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ECNS

ECNS Risk / Return Rank: 52
ECNS Sharpe Ratio Rank: 58
ECNS Sortino Ratio Rank: 53
ECNS Omega Ratio Rank: 58
ECNS Calmar Ratio Rank: 57
ECNS Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ASHX vs. ECNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and iShares MSCI China Small-Cap ETF (ECNS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASHX	ECNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.99	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.19	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.03	—

Correlation

The correlation between ASHX and ECNS is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ASHX vs. ECNS - Dividend Comparison

ASHX has not paid dividends to shareholders, while ECNS's dividend yield for the trailing twelve months is around 6.25%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.00%	2.38%	1.76%	0.84%	0.80%	1.78%	1.07%	2.48%	19.46%	2.91%
ECNS iShares MSCI China Small-Cap ETF	6.25%	6.20%	5.98%	4.89%	3.54%	4.87%	3.59%	3.23%	6.16%	3.18%	4.29%	3.58%

Drawdowns

Drawdown Indicators

	ASHX	ECNS	Difference
Max Drawdown Largest peak-to-trough decline	—	-63.43%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-16.93%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-59.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.43%	—
Current Drawdown Current decline from peak	—	-36.12%	—
Average Drawdown Average peak-to-trough decline	—	-29.32%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.58%	—

Volatility

Volatility by Period

	ASHX	ECNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.18%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.22%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	29.43%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	26.05%	—