ISVBF vs. ECNS
ISVBF (iShares MSCI China A UCITS ETF) and ECNS (iShares MSCI China Small-Cap ETF) are both exchange-traded funds - ISVBF is a China Equities fund tracking the MSCI China A Inclusion Index, while ECNS is a Asia Pacific Equities fund tracking the MSCI China Small Cap Index. Both are passively managed. Over the past 5 years, ISVBF returned -5.16%/yr vs -6.97%/yr for ECNS. At a 0.29 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.59%/yr for ECNS.
Performance
ISVBF vs. ECNS - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -6.46% return, which is significantly lower than ECNS's -4.50% return.
ISVBF
- 1D
- -2.03%
- 1M
- -2.58%
- YTD
- -6.46%
- 6M
- -7.93%
- 1Y
- 7.29%
- 3Y*
- 9.94%
- 5Y*
- -5.16%
- 10Y*
- —
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%
ISVBF vs. ECNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.46% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
ECNS iShares MSCI China Small-Cap ETF | -4.50% | 36.49% | 5.64% | -23.05% | -24.58% | -9.56% |
Correlation
The correlation between ISVBF and ECNS is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.29 |
The correlation between ISVBF and ECNS shifts across timeframes, from 0.29 (5 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ISVBF vs. ECNS — Risk / Return Rank
ISVBF
ECNS
ISVBF vs. ECNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and iShares MSCI China Small-Cap ETF (ECNS). 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.
| ISVBF | ECNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.13 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 0.76 | -0.38 |
| Martin ratioReturn relative to average drawdown | 0.89 | 1.51 | -0.62 |
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
| ISVBF | ECNS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 0.66 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.24 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.02 | -0.17 |
Drawdowns
ISVBF vs. ECNS - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum ECNS drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for ISVBF and ECNS.
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Drawdown Indicators
| ISVBF | ECNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -63.43% | +9.65% |
Max Drawdown (1Y)Largest decline over 1 year | -19.18% | -18.08% | -1.10% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -31.72% | +7.95% |
Max Drawdown (5Y)Largest decline over 5 years | -53.22% | -59.61% | +6.39% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.43% | — |
Current DrawdownCurrent decline from peak | -24.18% | -38.52% | +14.34% |
Average DrawdownAverage peak-to-trough decline | -32.76% | -29.39% | -3.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 9.14% | -0.93% |
Volatility
ISVBF vs. ECNS - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 10.81% compared to iShares MSCI China Small-Cap ETF (ECNS) at 5.64%. This indicates that ISVBF's price experiences larger fluctuations and is considered to be riskier than ECNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | ECNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 5.64% | +5.17% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 12.87% | +13.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.57% | 20.92% | +9.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.20% | 29.44% | +0.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 25.90% | +4.31% |
ISVBF vs. ECNS - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than ECNS's 0.59% expense ratio.
Dividends
ISVBF vs. ECNS - Dividend Comparison
ISVBF has not paid dividends to shareholders, while ECNS's dividend yield for the trailing twelve months is around 6.49%.
| 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% |
ISVBF iShares MSCI China A UCITS 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
ISVBF and ECNS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (10.81%) compared to ECNS (5.64%). In terms of maximum drawdown, ISVBF dropped -53.78% vs ECNS's -63.43%.
On 5-year performance, ISVBF leads with -5.16% vs -6.97% for ECNS. On fees, ISVBF is cheaper at 0.40% 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 5-year period, ISVBF has performed better with a -5.16% return vs -6.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.59% for ECNS.
ECNS has the higher dividend yield at 6.49%, compared with 0.00% for ISVBF.
ISVBF is categorized as China Equities, while ECNS is Asia Pacific Equities. ISVBF tracks MSCI China A Inclusion Index, while ECNS tracks MSCI China Small Cap Index. Their fees differ too: 0.40% for ISVBF and 0.59% for ECNS.
ECNS currently has the higher Sharpe Ratio (0.66 vs 0.24), 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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