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WHC.AX vs. ECNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

WHC.AX vs. ECNS

Last updated Jul 21, 2026
Documentation

WHC.AX (Whitehaven Coal Limited) is a stock, while ECNS (iShares MSCI China Small-Cap ETF) is China Equities fund tracking the MSCI China Small Cap Index. Over the past 10 years, WHC.AX returned 20.41%/yr vs 1.49%/yr for ECNS. At a 0.02 correlation, their price movements are largely independent.

Performance

WHC.AX vs. ECNS - Performance Comparison

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

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Different Trading Currencies

WHC.AX is traded in AUD, while ECNS is traded in USD. To make them comparable, the ECNS values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, WHC.AX achieves a -1.18% return, which is significantly higher than ECNS's -15.82% return. Over the past 10 years, WHC.AX has outperformed ECNS with an annualized return of 20.41%, while ECNS has yielded a comparatively lower 1.49% annualized return.

WHC.AX

1D
-0.13%
1M
-6.62%
6M
-12.97%
YTD
-1.18%
1Y
25.26%
3Y*
7.18%
5Y*
34.42%
10Y*
20.41%
ALL TIME*
10.41%

ECNS

1D
0.81%
1M
-3.32%
6M
-20.70%
YTD
-15.82%
1Y
-18.67%
3Y*
3.48%
5Y*
-7.16%
10Y*
1.49%
ALL TIME*
2.23%
*Multi-year figures are annualized to reflect compound growth (CAGR)

WHC.AX vs. ECNS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
WHC.AX
Whitehaven Coal Limited		-1.18%28.12%-14.11%-12.00%290.12%58.18%-37.05%-32.48%-0.42%70.88%
ECNS
iShares MSCI China Small-Cap ETF		-15.82%26.58%16.27%-22.99%-19.60%8.09%14.40%8.34%-9.50%17.84%

Correlation

The correlation between WHC.AX and ECNS is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.08

Correlation (3Y)
Calculated over the trailing 3-year period

0.02

Correlation (5Y)
Calculated over the trailing 5-year period

0.03

Correlation (10Y)
Calculated over the trailing 10-year period

0.02

Correlation (All Time)
Calculated using the full available price history since Sep 29, 2010

0.02

The correlation between WHC.AX and ECNS shifts across timeframes, from -0.08 (1 year) to 0.03 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Whitehaven Coal Limited

iShares MSCI China Small-Cap ETF

Often compared with WHC.AX:
WHC.AX vs. 1898.HKWHC.AX vs. BMAWHC.AX vs. 1171.HKWHC.AX vs. 2343.HKWHC.AX vs. DHTWHC.AX vs. CNRWHC.AX vs. EWZ
Often compared with ECNS:
ECNS vs. ASHSECNS vs. MCHIECNS vs. CNXTECNS vs. DFAEECNS vs. CQQQECNS vs. FLCHECNS vs. EWT

Return for Risk

WHC.AX vs. ECNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WHC.AX
WHC.AX Risk / Return Rank: 6161
Overall Rank
WHC.AX Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
WHC.AX Sortino Ratio Rank: 5959
Sortino Ratio Rank
WHC.AX Omega Ratio Rank: 5858
Omega Ratio Rank
WHC.AX Calmar Ratio Rank: 6262
Calmar Ratio Rank
WHC.AX Martin Ratio Rank: 6464
Martin Ratio Rank
ECNS
ECNS Risk / Return Rank: 55
Overall Rank
ECNS Sharpe Ratio Rank: 55
Sharpe Ratio Rank
ECNS Sortino Ratio Rank: 55
Sortino Ratio Rank
ECNS Omega Ratio Rank: 55
Omega Ratio Rank
ECNS Calmar Ratio Rank: 66
Calmar Ratio Rank
ECNS Martin Ratio Rank: 55
Martin Ratio Rank
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.

WHC.AX vs. ECNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Whitehaven Coal Limited (WHC.AX) 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.

WHC.AXECNSDifference
Sharpe ratioReturn per unit of total volatility
0.52
-1.03

+1.56

Sortino ratioReturn per unit of downside risk
0.99
-1.35

+2.34

Omega ratioGain probability vs. loss probability

1.12

0.84

+0.28

Calmar ratioReturn relative to maximum drawdown

0.72

-0.64

+1.36

Martin ratioReturn relative to average drawdown

1.76

-1.22

+2.98

WHC.AX vs. ECNS - Sharpe Ratio Comparison

The current WHC.AX Sharpe Ratio is 0.52, which is higher than the ECNS Sharpe Ratio of -1.03. The chart below compares the historical Sharpe Ratios of WHC.AX and ECNS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

WHC.AX vs. ECNS - Drawdown Comparison

The maximum WHC.AX drawdown since its inception was -94.30%, which is greater than ECNS's maximum drawdown of -56.38%. Use the drawdown chart below to compare losses from any high point for WHC.AX and ECNS.

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Drawdown Indicators

WHC.AXECNSDifference

Max Drawdown

Largest peak-to-trough decline

-94.30%

-56.38%

-37.92%

Max Drawdown (1Y)

Largest decline over 1 year

-27.74%

-29.23%

+1.49%

Max Drawdown (3Y)

Largest decline over 3 years

-49.86%

-29.74%

-20.12%

Max Drawdown (5Y)

Largest decline over 5 years

-53.71%

-51.67%

-2.04%

Max Drawdown (10Y)

Largest decline over 10 years

-83.59%

-56.38%

-27.21%

Current Drawdown

Current decline from peak

-22.56%

-37.07%

+14.51%

Average Drawdown

Average peak-to-trough decline

-41.84%

-24.79%

-17.05%

Ulcer Index

Depth and duration of drawdowns from previous peaks

11.30%

15.36%

-4.06%

Volatility

WHC.AX vs. ECNS - Volatility Comparison

Whitehaven Coal Limited (WHC.AX) has a higher volatility of 10.56% compared to iShares MSCI China Small-Cap ETF (ECNS) at 5.78%. This indicates that WHC.AX'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

WHC.AXECNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

10.56%

5.78%

+4.78%

Volatility (6M)

Calculated over the trailing 6-month period

31.28%

11.71%

+19.57%

Volatility (1Y)

Calculated over the trailing 1-year period

38.04%

18.21%

+19.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

43.72%

26.49%

+17.23%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

46.26%

23.47%

+22.79%

Dividends

WHC.AX vs. ECNS - Dividend Comparison

WHC.AX's dividend yield for the trailing twelve months is around 1.31%, less than ECNS's 6.66% yield.

PositionTTM20252024202320222021202020192018201720162015
ECNS
iShares MSCI China Small-Cap ETF		6.66%6.20%5.98%4.89%3.54%4.87%3.59%3.23%6.16%3.18%4.29%3.58%
WHC.AX
Whitehaven Coal Limited		1.31%1.94%3.23%9.95%5.10%0.00%0.91%13.26%3.24%0.00%0.00%0.00%

Frequently Asked Questions

WHC.AX and ECNS have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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