ISVBF vs. ECNS
ISVBF (iShares MSCI China A UCITS ETF) and ECNS (iShares MSCI China Small-Cap ETF) are both China Equities funds from iShares - ISVBF tracks the MSCI China A Inclusion Index while ECNS tracks the MSCI China Small Cap Index. Both are passively managed. Over the past 5 years, ISVBF returned -2.48%/yr vs -6.49%/yr for ECNS. Their 0.31 correlation means their historical movements had little consistent relationship. 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 -6.75% return, which is significantly higher than ECNS's -9.63% return.
ISVBF
- 1D
- -0.66%
- 1M
- 9.06%
- 6M
- -8.63%
- YTD
- -6.75%
- 1Y
- -0.99%
- 3Y*
- 8.45%
- 5Y*
- -2.48%
- 10Y*
- —
- ALL TIME*
- -4.43%
ECNS
- 1D
- 1.36%
- 1M
- 2.86%
- 6M
- -14.53%
- YTD
- -9.63%
- 1Y
- -11.35%
- 3Y*
- 4.00%
- 5Y*
- -6.49%
- 10Y*
- 1.03%
- ALL TIME*
- 0.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $218.60K | $221.21K | $345.54K | |
| $147.49K | $255.95K | $315.23K |
ISVBF vs. ECNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.75% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
ECNS iShares MSCI China Small-Cap ETF | -9.63% | 36.49% | 5.64% | -23.05% | -24.58% | -9.43% |
Correlation
The correlation between ISVBF and ECNS is 0.50, 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. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.45 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.31 |
The correlation between ISVBF and ECNS shifts across timeframes, from 0.31 (all time) to 0.50 (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.
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.
| ISVBF | ECNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.92 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.44 | +0.40 |
| Martin ratioReturn relative to average drawdown | -0.09 | -0.87 | +0.78 |
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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 | -24.14% | -25.73% | +1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -24.14% | -29.29% | +5.15% |
Max Drawdown (5Y)Largest decline over 5 years | -46.06% | -57.31% | +11.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.43% | — |
Current DrawdownCurrent decline from peak | -24.42% | -41.83% | +17.41% |
Average DrawdownAverage peak-to-trough decline | -32.57% | -29.51% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.23% | 13.09% | -1.86% |
Volatility
ISVBF vs. ECNS - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 6.46% compared to iShares MSCI China Small-Cap ETF (ECNS) at 5.85%. 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 | 6.46% | 5.85% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 26.45% | 14.18% | +12.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.60% | 20.88% | +10.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.08% | 29.10% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.06% | 25.82% | +4.24% |
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 6.51%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 6.51% | 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 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (6.46%) compared to ECNS (5.85%). In terms of maximum drawdown, ISVBF dropped -53.78% vs ECNS's -63.43%.
On 5-year performance, ISVBF leads with -2.48% vs -6.49% for ECNS. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ECNS has been the lower-risk option at 5.85%. 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 -2.48% return vs -6.49%. 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 6.51%, compared with 0.00% for ISVBF.
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.
ISVBF currently has the higher Sharpe Ratio (-0.03 vs -0.55), 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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