ECNS vs. DFAE
Compare and contrast key facts about iShares MSCI China Small-Cap ETF (ECNS) and Dimensional Emerging Core Equity Market ETF (DFAE).
ECNS and DFAE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DFAE is an actively managed fund by Dimensional Fund Advisors LP. It was launched on Dec 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECNS or DFAE.
Key characteristics
| ECNS | DFAE | |
|---|---|---|
| YTD Return | 2.08% | 8.08% |
| 1Y Return | -2.89% | 12.09% |
| 3Y Return (Ann) | -17.87% | -0.49% |
| Sharpe Ratio | -0.07 | 0.85 |
| Sortino Ratio | 0.15 | 1.27 |
| Omega Ratio | 1.02 | 1.16 |
| Calmar Ratio | -0.04 | 0.67 |
| Martin Ratio | -0.18 | 4.35 |
| Ulcer Index | 13.48% | 2.93% |
| Daily Std Dev | 34.21% | 14.96% |
| Max Drawdown | -63.43% | -32.21% |
| Current Drawdown | -54.42% | -9.02% |
Correlation
The correlation between ECNS and DFAE is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ECNS vs. DFAE - Performance Comparison
In the year-to-date period, ECNS achieves a 2.08% return, which is significantly lower than DFAE's 8.08% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ECNS vs. DFAE - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is higher than DFAE's 0.35% expense ratio.
Risk-Adjusted Performance
ECNS vs. DFAE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) and Dimensional Emerging Core Equity Market ETF (DFAE). 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.
Dividends
ECNS vs. DFAE - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 5.43%, more than DFAE's 2.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 5.43% | 4.90% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.30% | 3.58% | 2.51% | 2.85% |
DFAE Dimensional Emerging Core Equity Market ETF | 2.11% | 2.43% | 2.85% | 1.64% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ECNS vs. DFAE - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, which is greater than DFAE's maximum drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for ECNS and DFAE. For additional features, visit the drawdowns tool.
Volatility
ECNS vs. DFAE - Volatility Comparison
iShares MSCI China Small-Cap ETF (ECNS) has a higher volatility of 11.08% compared to Dimensional Emerging Core Equity Market ETF (DFAE) at 4.69%. This indicates that ECNS's price experiences larger fluctuations and is considered to be riskier than DFAE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.