ECNS vs. YXI
ECNS (iShares MSCI China Small-Cap ETF) and YXI (ProShares Short FTSE China 50) are both China Equities funds - ECNS tracks the MSCI China Small Cap Index while YXI tracks the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, ECNS returned 0.89%/yr vs -7.76%/yr for YXI. Their -0.73 correlation means they have often moved in opposite directions in the past. ECNS charges 0.59%/yr vs 0.95%/yr for YXI.
Performance
ECNS vs. YXI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ECNS achieves a -10.84% return, which is significantly lower than YXI's 5.02% return. Over the past 10 years, ECNS has outperformed YXI with an annualized return of 0.89%, while YXI has yielded a comparatively lower -7.76% annualized 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%
YXI
- 1D
- 0.03%
- 1M
- -12.89%
- 6M
- 7.44%
- YTD
- 5.02%
- 1Y
- 0.81%
- 3Y*
- -10.48%
- 5Y*
- -5.16%
- 10Y*
- -7.76%
- ALL TIME*
- -8.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $217.02K | $210.44K | $354.53K | |
| $23.42K | $29.48K | $33.89K |
ECNS vs. YXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | -10.84% | 36.49% | 5.64% | -23.05% | -24.58% | 2.11% | 25.42% | 7.84% | -18.27% | 27.55% |
YXI ProShares Short FTSE China 50 | 5.02% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Correlation
The correlation between ECNS and YXI is -0.63, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.63 |
Correlation (3Y) Balances recent behavior with more history. | -0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.78 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2010 | -0.73 |
The correlation between ECNS and YXI shifts across timeframes, from -0.81 (5 years) to -0.63 (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. YXI — Risk / Return Rank
ECNS
YXI
ECNS vs. YXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Small-Cap ETF (ECNS) and ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.02 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 0.06 | -0.48 |
| Martin ratioReturn relative to average drawdown | -0.82 | 0.16 | -0.97 |
Loading charts...
Drawdowns
ECNS vs. YXI - Drawdown Comparison
The maximum ECNS drawdown since its inception was -63.43%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for ECNS and YXI.
Loading charts...
Drawdown Indicators
| ECNS | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.43% | -81.15% | +17.72% |
Max Drawdown (1Y)Largest decline over 1 year | -25.73% | -13.55% | -12.18% |
Max Drawdown (3Y)Largest decline over 3 years | -29.29% | -53.12% | +23.83% |
Max Drawdown (5Y)Largest decline over 5 years | -57.31% | -57.65% | +0.34% |
Max Drawdown (10Y)Largest decline over 10 years | -63.43% | -61.63% | -1.80% |
Current DrawdownCurrent decline from peak | -42.60% | -78.56% | +35.96% |
Average DrawdownAverage peak-to-trough decline | -29.51% | -54.52% | +25.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.01% | 6.14% | +6.87% |
Volatility
ECNS vs. YXI - Volatility Comparison
The current volatility for iShares MSCI China Small-Cap ETF (ECNS) is 6.37%, while ProShares Short FTSE China 50 (YXI) has a volatility of 6.94%. This indicates that ECNS experiences smaller price fluctuations and is considered to be less risky than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ECNS | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 6.94% | -0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.27% | 15.88% | -1.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.87% | 21.12% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.09% | 31.29% | -2.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.82% | 27.48% | -1.66% |
ECNS vs. YXI - Expense Ratio Comparison
ECNS has a 0.59% expense ratio, which is lower than YXI's 0.95% expense ratio.
Dividends
ECNS vs. YXI - Dividend Comparison
ECNS's dividend yield for the trailing twelve months is around 6.60%, more than YXI's 2.71% 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% |
YXI ProShares Short FTSE China 50 | 2.71% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECNS and YXI have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YXI has higher volatility (6.94%) compared to ECNS (6.37%). In terms of maximum drawdown, ECNS dropped -63.43% vs YXI's -81.15%.
On 10-year performance, ECNS leads with 0.89% vs -7.76% for YXI. On fees, ECNS is cheaper at 0.59% per year. On volatility, ECNS has been the lower-risk option at 6.37%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ECNS has performed better with a 0.89% return vs -7.76%. 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 0.95% for YXI.
ECNS has the higher dividend yield at 6.60%, compared with 2.71% for YXI.
ECNS tracks MSCI China Small Cap Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: iShares and ProShares. Their fees differ too: 0.59% for ECNS and 0.95% for YXI.
YXI currently has the higher Sharpe Ratio (0.04 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.
Find the right allocation for ECNS and YXI
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