ECNS vs. IBIT
ECNS (iShares MSCI China Small-Cap ETF) and IBIT (iShares Bitcoin Trust ETF) are both exchange-traded funds - ECNS is a Asia Pacific Equities fund tracking the MSCI China Small Cap Index, while IBIT is a Cryptocurrency fund tracking the CME CF Bitcoin Reference Rate - New York Variant. Both are passively managed. Over the past year, ECNS returned 13.77% vs -38.74% for IBIT. At a 0.28 correlation, their price movements are largely independent. ECNS charges 0.59%/yr vs 0.25%/yr for IBIT.
Performance
ECNS vs. IBIT - Performance Comparison
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Returns By Period
In the year-to-date period, ECNS achieves a -4.50% return, which is significantly higher than IBIT's -25.48% return.
ECNS
- 1D
- -2.25%
- 1M
- -6.37%
- YTD
- -4.50%
- 6M
- -7.48%
- 1Y
- 13.77%
- 3Y*
- 7.43%
- 5Y*
- -6.97%
- 10Y*
- 1.88%
IBIT
- 1D
- -2.76%
- 1M
- -18.50%
- YTD
- -25.48%
- 6M
- -29.84%
- 1Y
- -38.74%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECNS vs. IBIT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | -4.50% | 36.49% | 12.35% |
IBIT iShares Bitcoin Trust ETF | -25.48% | -6.41% | 99.21% |
Correlation
The correlation between ECNS and IBIT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jan 12, 2024 | 0.28 |
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Return for Risk
ECNS vs. IBIT — Risk / Return Rank
ECNS
IBIT
ECNS vs. IBIT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) and iShares Bitcoin Trust ETF (IBIT). 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.
| ECNS | IBIT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.55 | ||
| Sortino ratioReturn per unit of downside risk | +2.23 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.86 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | -0.79 | +1.55 |
| Martin ratioReturn relative to average drawdown | 1.51 | -1.36 | +2.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECNS | IBIT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | -0.89 | +1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.07 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.30 | -0.27 |
Drawdowns
ECNS vs. IBIT - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, which is greater than IBIT's maximum drawdown of -49.36%. Use the drawdown chart below to compare losses from any high point for ECNS and IBIT.
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Drawdown Indicators
| ECNS | IBIT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.43% | -49.36% | -14.07% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -49.36% | +31.28% |
Max Drawdown (3Y)Largest decline over 3 years | -31.72% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -59.61% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.43% | — | — |
Current DrawdownCurrent decline from peak | -38.52% | -48.10% | +9.58% |
Average DrawdownAverage peak-to-trough decline | -29.39% | -16.02% | -13.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 28.44% | -19.30% |
Volatility
ECNS vs. IBIT - Volatility Comparison
The current volatility for iShares MSCI China Small-Cap ETF (ECNS) is 5.64%, while iShares Bitcoin Trust ETF (IBIT) has a volatility of 9.50%. This indicates that ECNS experiences smaller price fluctuations and is considered to be less risky than IBIT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECNS | IBIT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 9.50% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 34.44% | -21.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.92% | 43.73% | -22.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.44% | 50.19% | -20.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 50.19% | -24.29% |
ECNS vs. IBIT - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is higher than IBIT's 0.25% expense ratio.
Dividends
ECNS vs. IBIT - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 6.49%, while IBIT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 6.49% | 6.20% | 5.98% | 4.89% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.29% | 3.58% |
IBIT iShares Bitcoin Trust ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECNS and IBIT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBIT has higher volatility (9.50%) compared to ECNS (5.64%). In terms of maximum drawdown, ECNS dropped -63.43% vs IBIT's -49.36%.
On 1-year performance, ECNS leads with 13.77% vs -38.74% for IBIT. On fees, IBIT is cheaper at 0.25% per year. On volatility, ECNS has been the lower-risk option at 5.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ECNS has performed better with a 13.77% return vs -38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBIT is cheaper with a 0.25% expense ratio, compared with 0.59% for ECNS.
ECNS has the higher dividend yield at 6.49%, compared with 0.00% for IBIT.
ECNS is categorized as Asia Pacific Equities, while IBIT is Cryptocurrency. ECNS tracks MSCI China Small Cap Index, while IBIT tracks CME CF Bitcoin Reference Rate - New York Variant. Their fees differ too: 0.59% for ECNS and 0.25% for IBIT.
ECNS currently has the higher Sharpe Ratio (0.66 vs -0.89), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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