ECNS vs. JCHI
ECNS (iShares MSCI China Small-Cap ETF) and JCHI (JPMorgan Active China ETF) are both China Equities funds. ECNS is passively managed, while JCHI is actively managed. Over the past 3 years, ECNS returned 3.54%/yr vs 7.16%/yr for JCHI. Their correlation of 0.83 means they have usually moved in the same direction. ECNS charges 0.59%/yr vs 0.65%/yr for JCHI.
Performance
ECNS vs. JCHI - Performance Comparison
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Returns By Period
In the year-to-date period, ECNS achieves a -10.84% return, which is significantly lower than JCHI's 0.67% return.
ECNS
- 1D
- -0.28%
- 1M
- 1.48%
- 6M
- -15.13%
- YTD
- -10.84%
- 1Y
- -10.63%
- 3Y*
- 3.54%
- 5Y*
- -7.01%
- 10Y*
- 0.89%
- ALL TIME*
- 0.21%
JCHI
- 1D
- -0.48%
- 1M
- 6.42%
- 6M
- -1.40%
- YTD
- 0.67%
- 1Y
- 12.16%
- 3Y*
- 7.16%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 5.77%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $217.02K | $210.44K | $354.53K | |
| $33.26K | $35.64K | $39.46K |
ECNS vs. JCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | -10.84% | 36.49% | 5.64% | -20.97% |
JCHI JPMorgan Active China ETF | 0.67% | 27.66% | 13.77% | -17.31% |
Correlation
The correlation between ECNS and JCHI is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 16, 2023 | 0.83 |
The correlation between ECNS and JCHI has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
ECNS vs. JCHI — Risk / Return Rank
ECNS
JCHI
ECNS vs. JCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) and JPMorgan Active China ETF (JCHI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ECNS | JCHI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.16 | ||
| Sortino ratioReturn per unit of downside risk | -1.59 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.13 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.85 | -1.26 |
| Martin ratioReturn relative to average drawdown | -0.82 | 1.70 | -2.52 |
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Drawdowns
ECNS vs. JCHI - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for ECNS and JCHI.
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Drawdown Indicators
| ECNS | JCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.43% | -29.57% | -33.86% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -14.37% | -11.36% |
Max Drawdown (3Y)Largest decline over 3 years | -29.29% | -27.47% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -57.31% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -63.43% | — | — |
Current DrawdownCurrent decline from peak | -42.60% | -7.24% | -35.36% |
Average DrawdownAverage peak-to-trough decline | -29.51% | -13.16% | -16.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.01% | 7.15% | +5.86% |
Volatility
ECNS vs. JCHI - Volatility Comparison
iShares MSCI China Small-Cap ETF (ECNS) has a higher volatility of 6.37% compared to JPMorgan Active China ETF (JCHI) at 5.97%. This indicates that ECNS's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECNS | JCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 5.97% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 13.77% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 18.82% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.09% | 24.67% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 24.67% | +1.15% |
ECNS vs. JCHI - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is lower than JCHI's 0.65% expense ratio.
Dividends
ECNS vs. JCHI - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 6.60%, more than JCHI's 1.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 6.60% | 6.20% | 5.98% | 4.89% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.29% | 3.58% |
JCHI JPMorgan Active China ETF | 1.80% | 1.81% | 2.12% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECNS and JCHI have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECNS has higher volatility (6.37%) compared to JCHI (5.97%). In terms of maximum drawdown, ECNS dropped -63.43% vs JCHI's -29.57%.
On 3-year performance, JCHI leads with 7.16% vs 3.54% for ECNS. On fees, ECNS is cheaper at 0.59% per year. On volatility, JCHI has been the lower-risk option at 5.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, JCHI has performed better with a 7.16% return vs 3.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ECNS is cheaper with a 0.59% expense ratio, compared with 0.65% for JCHI.
ECNS has the higher dividend yield at 6.60%, compared with 1.80% for JCHI.
They also come from different issuers: iShares and JPMorgan. Their fees differ too: 0.59% for ECNS and 0.65% for JCHI.
JCHI currently has the higher Sharpe Ratio (0.65 vs -0.51), 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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