iShares MSCI China Small-Cap ETF (ECNS) Performance
ECNS total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −18.9% since Dec 31, 2025
- 1 year
- −23.4% total return
- 5 years
- −8.0% a year
- 10 years
- −0.9% a year
- Since first price
- −0.4% a year since 2010
ECNS trailing returns vs SPY, QQQ, AGG
| Period | ECNS total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −5.9% | −5.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −8.5% | −8.5% | +3.2% | +1.9% | −0.4% |
| 6 months | −21.3% | −22.4% | +7.8% | +8.4% | −1.5% |
| YTD | −18.9% | −20.1% | +12.3% | +15.1% | −1.0% |
| 1 year | −23.4% | −27.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +20.9%+6.5%/yr | +1.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −34.0%−8.0%/yr | −48.8% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −8.5%−0.9%/yr | −41.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +34.7%+2.0%/yr | −25.5% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionSep 29, 2010 | −6.6%−0.4%/yr | −49.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ECNS vs SPY
From Sep 29, 2010: ECNS grew to $9,337, SPY to $87,923.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ECNS returns by calendar year
10 of 15 full years positive. Best 2025 (+36.5%), worst 2011 (−38.4%). 2026 is year to date.
ECNS annual returns table
| Year | ECNS | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −18.9% | −27.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +36.5% | −20.8% | +17.7% | +20.8% | +7.2% |
| 2024 | +5.6% | −23.6% | +24.9% | +25.6% | +1.3% |
| 2023 | −23.1% | −37.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −24.6% | −44.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +2.1% | −27.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +25.4% | −27.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +7.8% | −19.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −18.3% | −28.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +27.6% | −9.7% | +21.7% | +32.7% | +3.6% |
| 2016 | −3.9% | −19.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.3% | −43.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +0.1% | −11.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +16.6% | −13.1% | +32.3% | +36.6% | −2.0% |
| 2012 | +27.2% | −21.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −38.4% | −44.7% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ECNS largest drawdowns
Now 47.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −63.4% | Feb 5, 2024 | not yet | 3.0 years | 5.7 years so far |
| May 27, 2015 | −46.9% | Feb 11, 2016 | Jan 19, 2021 | 9 months | 5.7 years |
| Nov 10, 2010 | −46.3% | Oct 3, 2011 | Apr 8, 2015 | 11 months | 4.4 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ECNS risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +6.6% | −6.8% | −0.3% | −0.1% |
| Volatility (annualized) | 25.5% | 28.7% | 24.2% | 25.0% |
| Sharpe ratio | 0.20 | -0.23 | 0.01 | 0.06 |
| Sortino ratio | 0.34 | -0.36 | 0.02 | 0.09 |
| Best month | +25.2% | +27.6% | +27.6% | +27.6% |
| Worst month | −15.4% | −15.4% | −15.4% | −22.7% |
| Best 12 months | +79.3% | +79.3% | +79.3% | +79.3% |
| Worst 12 months | −25.5% | −43.2% | −43.2% | −43.2% |
| Positive months | 50% | 42% | 51% | 55% |
| Beta vs S&P 500 | 0.42 | 0.38 | 0.53 | — |
| Correlation with S&P 500 | 0.21 | 0.21 | 0.34 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ECNS rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 182 | −43.2% | +2.5% | +79.3% | 54% |
| 3-year (a year) | 158 | −23.2% | +2.2% | +28.6% | 64% |
| 5-year (a year) | 134 | −9.0% | +0.3% | +13.0% | 52% |
| 10-year (a year) | 74 | −4.0% | +1.5% | +8.3% | 65% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
ECNS performance overview
iShares MSCI China Small-Cap ETF (ECNS) returned −23.4% over the past year and −0.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned −0.4% a year, turning $10,000 into about $9,337. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.4%, from Feb 17, 2021 to Feb 5, 2024; the fund has not yet regained that high. ECNS finished 10 of its 15 full calendar years with a gain; the best year was 2025 (+36.5%) and the worst 2011 (−38.4%). Volatility has been 25.0% a year.
Related: ECNS chart, ECNS holdings, ECNS dividends. See the ECNS overview for the latest quote and fund facts.
ECNS performance FAQ
What is the ECNS return over the past year?
ECNS returned −23.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 27.7%.
What is the average annual return of ECNS?
ECNS has returned −8.0% a year over 5 years, −0.9% a year over 10 years, −0.4% a year since September 29, 2010 (total return, distributions reinvested).
How much would $10,000 invested in ECNS be worth?
$10,000 invested in ECNS at its first recorded close on September 29, 2010 would be worth about $9,337 on October 23, 2026 with distributions reinvested.
What was the worst year for ECNS?
The worst calendar year was 2011, with a total return of −38.4%. The best was 2025 at +36.5%.
What is the biggest drawdown of ECNS?
The largest peak-to-trough decline was −63.4% between February 17, 2021 and February 5, 2024. It has not yet recovered to that high; it is 47.8% below its peak.
How volatile is ECNS?
Over the past 3 years ECNS had an annualized volatility of 25.5% and a Sharpe ratio of 0.20 (excess return over 1–3 month T-bills per unit of risk).