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 -5.34%/yr vs -7.96%/yr for ECNS. At a 0.31 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 -8.71% return, which is significantly higher than ECNS's -10.59% return.
ISVBF
- 1D
- 1.84%
- 1M
- -1.17%
- 6M
- -13.00%
- YTD
- -8.71%
- 1Y
- -1.01%
- 3Y*
- 8.64%
- 5Y*
- -5.34%
- 10Y*
- —
ECNS
- 1D
- 1.44%
- 1M
- -5.96%
- 6M
- -16.21%
- YTD
- -10.59%
- 1Y
- -9.16%
- 3Y*
- 4.68%
- 5Y*
- -7.96%
- 10Y*
- 1.05%
ISVBF vs. ECNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -8.71% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
ECNS iShares MSCI China Small-Cap ETF | -10.59% | 36.49% | 5.64% | -23.05% | -24.58% | -9.43% |
Correlation
The correlation between ISVBF and ECNS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.31 |
Over the past year, ISVBF and ECNS have become more correlated (0.51) than their long-term average of 0.31, meaning their price movements have been converging.
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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 | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 0.94 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | -0.36 | +0.32 |
| Martin ratioReturn relative to average drawdown | -0.10 | -0.78 | +0.68 |
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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% | -31.72% | +7.58% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -58.03% | +5.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.43% | — |
Current DrawdownCurrent decline from peak | -26.01% | -42.44% | +16.43% |
Average DrawdownAverage peak-to-trough decline | -32.64% | -29.47% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 11.83% | -1.34% |
Volatility
ISVBF vs. ECNS - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 7.72% compared to iShares MSCI China Small-Cap ETF (ECNS) at 6.60%. 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 | 7.72% | 6.60% | +1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 27.02% | 14.00% | +13.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.48% | 20.94% | +10.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.46% | 29.48% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.13% | 25.80% | +4.33% |
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 6.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 6.58% | 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 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (7.72%) compared to ECNS (6.60%). In terms of maximum drawdown, ISVBF dropped -53.78% vs ECNS's -63.43%.
On 5-year performance, ISVBF leads with -5.34% vs -7.96% for ECNS. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ECNS has been the lower-risk option at 6.60%. 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 -5.34% return vs -7.96%. 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 6.58%, 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 -0.44), 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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