ECNS vs. FXI
Compare and contrast key facts about iShares MSCI China Small-Cap ETF (ECNS) and iShares China Large-Cap ETF (FXI).
ECNS and FXI 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. FXI is a passively managed fund by iShares that tracks the performance of the FTSE China 25 Index. It was launched on Oct 5, 2004. Both ECNS and FXI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECNS or FXI.
Key characteristics
| ECNS | FXI | |
|---|---|---|
| YTD Return | 2.08% | 25.03% |
| 1Y Return | -2.89% | 13.26% |
| 3Y Return (Ann) | -17.87% | -7.90% |
| 5Y Return (Ann) | -4.42% | -3.97% |
| 10Y Return (Ann) | -2.46% | -0.31% |
| Sharpe Ratio | -0.07 | 0.49 |
| Sortino Ratio | 0.15 | 0.95 |
| Omega Ratio | 1.02 | 1.11 |
| Calmar Ratio | -0.04 | 0.27 |
| Martin Ratio | -0.18 | 1.47 |
| Ulcer Index | 13.48% | 10.85% |
| Daily Std Dev | 34.21% | 32.63% |
| Max Drawdown | -63.43% | -72.68% |
| Current Drawdown | -54.42% | -40.81% |
Correlation
The correlation between ECNS and FXI is 0.75, 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. FXI - Performance Comparison
In the year-to-date period, ECNS achieves a 2.08% return, which is significantly lower than FXI's 25.03% return. Over the past 10 years, ECNS has underperformed FXI with an annualized return of -2.46%, while FXI has yielded a comparatively higher -0.31% annualized 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. FXI - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is lower than FXI's 0.74% expense ratio.
Risk-Adjusted Performance
ECNS vs. FXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) and iShares China Large-Cap ETF (FXI). 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. FXI - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 5.43%, more than FXI's 2.31% 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% |
FXI iShares China Large-Cap ETF | 2.31% | 3.17% | 2.61% | 1.60% | 2.19% | 2.74% | 2.69% | 2.31% | 2.69% | 2.90% | 2.51% | 2.64% |
Drawdowns
ECNS vs. FXI - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, smaller than the maximum FXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for ECNS and FXI. For additional features, visit the drawdowns tool.
Volatility
ECNS vs. FXI - Volatility Comparison
iShares MSCI China Small-Cap ETF (ECNS) and iShares China Large-Cap ETF (FXI) have volatilities of 11.08% and 11.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.