New Onix XDA20 DAC vs old Esoteric N-05

I thought the new Onix XDA20 dac (UK product made by Shanling) with the latest ESS ES9039PRO chip should trounce my very old Esoteric N-05 dac with the AKM AK4490 chip. Unfortunately, no. It is not just the chip but the overall implementation. The Onix sounds thin, not so layered, not as airy and not as well founded when compared to the old Esoteric. 

Be wary of the newest chips in less than stellar clothing. 

Enjoy the music!