ECNS
iShares MSCI China Small-Cap ETF
iShares MSCI China Small Cap Index Fund seeks to track the performance of the MSCI China Small Cap Index Fund.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
61.6 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock Fund Advisors |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 28, 2010 |
| Assets (mns) | $62 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| GDS HOLDINGS LTD. | 2.4 % |
| ZAI LAB LTD | 2.1 % |
| SUNAC CHINA HOLDINGS LTD | 1.7 % |
| HUTCHMED (CHINA) LTD | 1.6 % |
| CHINASOFT INTERNATIONAL LTD | 1.4 % |
| CHINA EVERBRIGHT INTL LTD | 1.4 % |
| KINGBOARD CHEMICALS HOLDINGS | 1.3 % |
| 3SBIO INC | 1.3 % |
| COUNTRY GARDEN SERVICES HOLDINGS CO. LTD | 1.2 % |
| CHINA MEDICAL SYSTEM HOLDING | 1.2 % |
Constituent Breakdown
| Number of holdings | 254 |
| Herfindahl-Hirschman Index | 71 |
| Wgt avg mkt cap (mns) | $1,396 |
| Large cap (>$10bn) | 0.0% |
| Mid cap ($2-10bn) | 31.4% |
| Small cap (<$2bn) | 67.5% |
| Developed mkts. | 49.6% |
| Emerging mkts. | 50.4% |
Country Exposure
 |
CHINA | 57.9 % |
 |
HONG KONG | 23.8 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 3.8% | 3.5% | 3.2% | -15.4% | -4.1% | -2.1% | -1.4% | Volatility | 35.4% | 33.5% | 30.4% | 31.4% | 30.1% | 28.0% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.39 | 4% |
| MSCI EAFE | 0.78 | 17% |
| MSCI Emg Mkts | 1.36 | 50% |
Liquidity Measures
| Avg. volume (000) | 31 |
| Turnover | 1.3% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $1,085 |
Technical Indicators
| Recent close | $25.68 |
| 30d moving avg. | $27.08 |
| Annualized volatility | 33.5% |
| Relative strength (RSI) | 53 |
| Short interest (ETF) | 8.6% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. ECNS |
Expenses vs. ECNS |
ALTAR Score™ vs. ECNS |
|---|---|---|---|---|
| FEMS | First Trust Emerging Markets Small Cap AlphaDEX Fund | 14.3% | +21 bp | -2.0% |
Risk and Returns: ECNS vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
ECNS
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
ECNS
14.4%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. ECNS's ALTAR Score™ is approximately
1.6 standard deviations
above
the category average. This places ECNS in the 95th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
ECNSSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| ECNS (59 bp) Percentile rank | 62 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| ECNS | 59.0 | 24.4 | 83.4 |
| Peer Avg. | 37.4 | 12.8 | 50.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .