MAGC vs. ECNS
MAGC (Roundhill China Magnificent Seven ETF) and ECNS (iShares MSCI China Small-Cap ETF) are both exchange-traded funds - MAGC is a China Equities fund actively managed by Roundhill, while ECNS is a Asia Pacific Equities fund tracking the MSCI China Small Cap Index. MAGC is actively managed, while ECNS is passively managed. Over the past year, MAGC returned -29.25% vs 1.85% for ECNS. A 0.71 correlation means they provide meaningful diversification when combined. Both charge a 0.59% expense ratio.
Performance
MAGC vs. ECNS - Performance Comparison
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Returns By Period
In the year-to-date period, MAGC achieves a -28.24% return, which is significantly lower than ECNS's -9.88% return.
MAGC
- 1D
- -2.66%
- 1M
- -12.97%
- YTD
- -28.24%
- 6M
- -28.22%
- 1Y
- -29.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECNS
- 1D
- -1.92%
- 1M
- -6.71%
- YTD
- -9.88%
- 6M
- -11.17%
- 1Y
- 1.85%
- 3Y*
- 6.91%
- 5Y*
- -8.08%
- 10Y*
- 1.55%
MAGC vs. ECNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MAGC Roundhill China Magnificent Seven ETF | -28.24% | 16.35% | -14.03% |
ECNS iShares MSCI China Small-Cap ETF | -9.88% | 36.49% | -14.74% |
Correlation
The correlation between MAGC and ECNS is 0.63, 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 | 0.63 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.71 |
The correlation between MAGC and ECNS has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.
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Return for Risk
MAGC vs. ECNS — Risk / Return Rank
MAGC
ECNS
MAGC vs. ECNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill China Magnificent Seven ETF (MAGC) 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.
| MAGC | ECNS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.03 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 0.08 | -0.82 |
| Martin ratioReturn relative to average drawdown | -1.56 | 0.18 | -1.74 |
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Drawdowns
MAGC vs. ECNS - Drawdown Comparison
The maximum MAGC drawdown since its inception was -39.70%, smaller than the maximum ECNS drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for MAGC and ECNS.
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Drawdown Indicators
| MAGC | ECNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.70% | -63.43% | +23.73% |
Max Drawdown (1Y)Largest decline over 1 year | -39.70% | -22.70% | -17.00% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.72% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -59.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.43% | — |
Current DrawdownCurrent decline from peak | -39.70% | -41.99% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -15.72% | -29.41% | +13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.83% | 10.24% | +8.59% |
Volatility
MAGC vs. ECNS - Volatility Comparison
Roundhill China Magnificent Seven ETF (MAGC) has a higher volatility of 8.35% compared to iShares MSCI China Small-Cap ETF (ECNS) at 5.69%. This indicates that MAGC'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
| MAGC | ECNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.35% | 5.69% | +2.66% |
Volatility (6M)Calculated over the trailing 6-month period | 20.15% | 13.59% | +6.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.82% | 20.68% | +6.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.10% | 29.44% | +4.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.10% | 25.90% | +8.20% |
MAGC vs. ECNS - Expense Ratio Comparison
Both MAGC and ECNS have an expense ratio of 0.59%.
Dividends
MAGC vs. ECNS - Dividend Comparison
MAGC's dividend yield for the trailing twelve months is around 5.72%, less than ECNS's 6.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECNS iShares MSCI China Small-Cap ETF | 6.53% | 6.20% | 5.98% | 4.89% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.29% | 3.58% |
MAGC Roundhill China Magnificent Seven ETF | 5.72% | 4.10% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MAGC and ECNS 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.
MAGC has higher volatility (8.35%) compared to ECNS (5.69%). In terms of maximum drawdown, MAGC dropped -39.70% vs ECNS's -63.43%.
On 1-year performance, ECNS leads with 1.85% vs -29.25% for MAGC. Both ETFs have the same 0.59% expense ratio. On volatility, ECNS has been the lower-risk option at 5.69%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ECNS has performed better with a 1.85% return vs -29.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MAGC and ECNS have the same expense ratio: 0.59% per year.
ECNS has the higher dividend yield at 6.53%, compared with 5.72% for MAGC.
MAGC is categorized as China Equities, while ECNS is Asia Pacific Equities. They also come from different issuers: Roundhill and iShares.
ECNS currently has the higher Sharpe Ratio (0.09 vs -1.10), 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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