ECNS vs. TAXF
ECNS (iShares MSCI China Small-Cap ETF) and TAXF (American Century Diversified Municipal Bond ETF) are both exchange-traded funds - ECNS is a Asia Pacific Equities fund tracking the MSCI China Small Cap Index, while TAXF is a Municipal Bonds fund actively managed by American Century. ECNS is passively managed, while TAXF is actively managed. Over the past 5 years, ECNS returned -6.97%/yr vs 1.07%/yr for TAXF. At a 0.05 correlation, their price movements are largely independent. ECNS charges 0.59%/yr vs 0.29%/yr for TAXF.
Performance
ECNS vs. TAXF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ECNS achieves a -4.50% return, which is significantly lower than TAXF's 1.96% 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%
TAXF
- 1D
- -0.01%
- 1M
- 0.82%
- YTD
- 1.96%
- 6M
- 2.23%
- 1Y
- 8.33%
- 3Y*
- 4.23%
- 5Y*
- 1.07%
- 10Y*
- —
ECNS vs. TAXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | -4.50% | 36.49% | 5.64% | -23.05% | -24.58% | 2.11% | 25.42% | 7.84% | -8.63% |
TAXF American Century Diversified Municipal Bond ETF | 1.96% | 4.30% | 1.74% | 7.33% | -9.64% | 2.72% | 5.55% | 8.75% | 0.64% |
Correlation
The correlation between ECNS and TAXF is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2018 | 0.05 |
The correlation between ECNS and TAXF shifts across timeframes, from 0.05 (all time) to 0.16 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ECNS vs. TAXF — Risk / Return Rank
ECNS
TAXF
ECNS vs. TAXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) and American Century Diversified Municipal Bond ETF (TAXF). 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 | TAXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.08 | ||
| Sortino ratioReturn per unit of downside risk | -2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.59 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 2.86 | -2.09 |
| Martin ratioReturn relative to average drawdown | 1.51 | 10.30 | -8.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ECNS | TAXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 2.74 | -2.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | 0.26 | -0.49 |
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 | 0.62 | -0.60 |
Drawdowns
ECNS vs. TAXF - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, which is greater than TAXF's maximum drawdown of -13.93%. Use the drawdown chart below to compare losses from any high point for ECNS and TAXF.
Loading charts...
Drawdown Indicators
| ECNS | TAXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.43% | -13.93% | -49.50% |
Max Drawdown (1Y)Largest decline over 1 year | -18.08% | -2.93% | -15.15% |
Max Drawdown (3Y)Largest decline over 3 years | -31.72% | -5.53% | -26.19% |
Max Drawdown (5Y)Largest decline over 5 years | -59.61% | -13.93% | -45.68% |
Max Drawdown (10Y)Largest decline over 10 years | -63.43% | — | — |
Current DrawdownCurrent decline from peak | -38.52% | -0.48% | -38.04% |
Average DrawdownAverage peak-to-trough decline | -29.39% | -3.14% | -26.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.14% | 0.81% | +8.33% |
Volatility
ECNS vs. TAXF - Volatility Comparison
iShares MSCI China Small-Cap ETF (ECNS) has a higher volatility of 5.64% compared to American Century Diversified Municipal Bond ETF (TAXF) at 0.99%. This indicates that ECNS's price experiences larger fluctuations and is considered to be riskier than TAXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ECNS | TAXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 0.99% | +4.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.87% | 2.24% | +10.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.92% | 3.05% | +17.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.44% | 4.20% | +25.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.90% | 4.65% | +21.25% |
ECNS vs. TAXF - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is higher than TAXF's 0.29% expense ratio.
Dividends
ECNS vs. TAXF - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 6.49%, more than TAXF's 3.47% yield.
| 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% |
TAXF American Century Diversified Municipal Bond ETF | 3.47% | 3.68% | 3.38% | 2.93% | 2.05% | 1.58% | 2.13% | 2.64% | 0.69% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECNS and TAXF have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECNS has higher volatility (5.64%) compared to TAXF (0.99%). In terms of maximum drawdown, ECNS dropped -63.43% vs TAXF's -13.93%.
On 5-year performance, TAXF leads with 1.07% vs -6.97% for ECNS. On fees, TAXF is cheaper at 0.29% per year. On volatility, TAXF has been the lower-risk option at 0.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TAXF has performed better with a 1.07% return vs -6.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TAXF is cheaper with a 0.29% expense ratio, compared with 0.59% for ECNS.
ECNS has the higher dividend yield at 6.49%, compared with 3.47% for TAXF.
ECNS is categorized as Asia Pacific Equities, while TAXF is Municipal Bonds. They also come from different issuers: iShares and American Century. Their fees differ too: 0.59% for ECNS and 0.29% for TAXF.
TAXF currently has the higher Sharpe Ratio (2.74 vs 0.66), 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.
Find the right allocation for ECNS and TAXF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer