JCHI vs. ECNS

Last updated Apr 2, 2026

Compare and contrast key facts about JPMorgan Active China ETF (JCHI) and iShares MSCI China Small-Cap ETF (ECNS).

JCHI and ECNS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JCHI is an actively managed fund by JPMorgan. It was launched on Mar 15, 2023. ECNS is a passively managed fund by iShares that tracks the performance of the MSCI China Small Cap Index. It was launched on Sep 28, 2010.

Performance

JCHI vs. ECNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Active China ETF (JCHI) and iShares MSCI China Small-Cap ETF (ECNS). The values are adjusted to include any dividend payments, if applicable.

JCHI vs. ECNS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JCHI JPMorgan Active China ETF	-4.46%	27.66%	13.77%	-17.06%
ECNS iShares MSCI China Small-Cap ETF	1.03%	36.49%	5.64%	-21.39%

Returns By Period

In the year-to-date period, JCHI achieves a -4.46% return, which is significantly lower than ECNS's 1.03% return.

JCHI

• 1D: 0.61%
• 1M: -4.41%
• YTD: -4.46%
• 6M: -11.12%
• 1Y: 9.44%
• 3Y*: 3.21%
• 5Y*: —
• 10Y*: —

ECNS

• 1D: 1.81%
• 1M: -6.73%
• YTD: 1.03%
• 6M: -12.80%
• 1Y: 25.53%
• 3Y*: 5.23%
• 5Y*: -5.25%
• 10Y*: 2.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

JCHI vs. ECNS - Expense Ratio Comparison

JCHI has a 0.65% expense ratio, which is higher than ECNS's 0.59% expense ratio.

JCHI

JPMorgan Active China ETF

ECNS

iShares MSCI China Small-Cap ETF

Return for Risk

JCHI vs. ECNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JCHI

JCHI Risk / Return Rank: 24
JCHI Sharpe Ratio Rank: 24
JCHI Sortino Ratio Rank: 24
JCHI Omega Ratio Rank: 24
JCHI Calmar Ratio Rank: 24
JCHI Martin Ratio Rank: 23

ECNS

ECNS Risk / Return Rank: 51
ECNS Sharpe Ratio Rank: 54
ECNS Sortino Ratio Rank: 51
ECNS Omega Ratio Rank: 55
ECNS Calmar Ratio Rank: 59
ECNS Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JCHI vs. ECNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active China ETF (JCHI) 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.

	JCHI	ECNS	Difference
Sharpe ratio Return per unit of total volatility	0.46	1.02	-0.56
Sortino ratio Return per unit of downside risk	0.74	1.42	-0.68
Omega ratio Gain probability vs. loss probability	1.10	1.21	-0.11
Calmar ratio Return relative to maximum drawdown	0.57	1.59	-1.02
Martin ratio Return relative to average drawdown	1.66	3.54	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCHI vs. ECNS - Sharpe Ratio Comparison

The current JCHI Sharpe Ratio is 0.46, which is lower than the ECNS Sharpe Ratio of 1.02. The chart below compares the historical Sharpe Ratios of JCHI and ECNS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	JCHI	ECNS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	1.02	-0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.18	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.04	+0.15

Correlation

The correlation between JCHI and ECNS is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

JCHI vs. ECNS - Dividend Comparison

JCHI's dividend yield for the trailing twelve months is around 1.89%, less than ECNS's 6.14% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JCHI JPMorgan Active China ETF	1.89%	1.81%	2.12%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ECNS iShares MSCI China Small-Cap ETF	6.14%	6.20%	5.98%	4.89%	3.54%	4.87%	3.59%	3.23%	6.16%	3.18%	4.29%	3.58%

Drawdowns

JCHI vs. ECNS - Drawdown Comparison

The maximum JCHI drawdown since its inception was -29.57%, smaller than the maximum ECNS drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for JCHI and ECNS.

Drawdown Indicators

	JCHI	ECNS	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	-63.43%	+33.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.93%	-16.93%	+1.00%
Max Drawdown (5Y) Largest decline over 5 years	—	-59.61%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-63.43%	—
Current Drawdown Current decline from peak	-11.98%	-34.96%	+22.98%
Average Drawdown Average peak-to-trough decline	-13.67%	-29.33%	+15.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.64%	7.63%	-1.99%

Volatility

JCHI vs. ECNS - Volatility Comparison

JPMorgan Active China ETF (JCHI) and iShares MSCI China Small-Cap ETF (ECNS) have volatilities of 5.77% and 5.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JCHI	ECNS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	5.98%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	12.55%	15.21%	-2.66%
Volatility (1Y) Calculated over the trailing 1-year period	20.80%	25.26%	-4.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.16%	29.43%	-4.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.16%	26.05%	-0.89%