ASHR vs. CAS

Last updated Jul 17, 2026

ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) and CAS (Simplify China A Shares PLUS Income ETF) are both China Equities funds. ASHR is passively managed, while CAS is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. ASHR charges 0.65%/yr vs 0.88%/yr for CAS.

Performance

ASHR vs. CAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) and Simplify China A Shares PLUS Income ETF (CAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASHR

• 1D: -2.43%
• 1M: -3.89%
• 6M: 1.74%
• YTD: 5.18%
• 1Y: 25.85%
• 3Y*: 10.26%
• 5Y*: -1.21%
• 10Y*: 4.83%

CAS

• 1D: -3.09%
• 1M: -7.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ASHR vs. CAS - Yearly Performance Comparison

	2026 (YTD)
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	-3.81%
CAS Simplify China A Shares PLUS Income ETF	-7.21%

Correlation

The correlation between ASHR and CAS is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.91

ASHR vs. CAS - Sectors Allocation Comparison

Sectors	ASHR	CAS
Technology	31.1%	-
Financial Services	19.1%	40.5%
Industrials	16.1%	-
Basic Materials	9.4%	-
Consumer Defensive	6.7%	-
Consumer Cyclical	6.4%	-
Healthcare	4.4%	-
Utilities	3.1%	-
Energy	2.5%	-
Communication Services	0.8%	-
Real Estate	0.4%	-

Return for Risk

ASHR vs. CAS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASHR

ASHR Risk / Return Rank: 56
ASHR Sharpe Ratio Rank: 47
ASHR Sortino Ratio Rank: 47
ASHR Omega Ratio Rank: 45
ASHR Calmar Ratio Rank: 80
ASHR Martin Ratio Rank: 63

CAS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

ASHR vs. CAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) and Simplify China A Shares PLUS Income ETF (CAS). 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.

	ASHR	CAS	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	1.93	—	—
Omega ratio: Gain probability vs. loss probability	1.24	—	—
Calmar ratio: Return relative to maximum drawdown	3.37	—	—
Martin ratio: Return relative to average drawdown	8.88	—	—

Drawdowns

ASHR vs. CAS - Drawdown Comparison

The maximum ASHR drawdown since its inception was -51.30%, which is greater than CAS's maximum drawdown of -10.52%. Use the drawdown chart below to compare losses from any high point for ASHR and CAS.

Drawdown Indicators

	ASHR	CAS	Difference
Max Drawdown Largest peak-to-trough decline	-51.30%	-10.52%	-40.78%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-44.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.30%	—	—
Current Drawdown Current decline from peak	-19.41%	-10.52%	-8.89%
Average Drawdown Average peak-to-trough decline	-29.06%	-3.57%	-25.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	ASHR	CAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.27%	32.80%	-13.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.15%	32.80%	-8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.17%	32.80%	-8.63%

ASHR vs. CAS - Expense Ratio Comparison

ASHR has a 0.65% expense ratio, which is lower than CAS's 0.88% expense ratio.

Dividends

ASHR vs. CAS - Dividend Comparison

ASHR's dividend yield for the trailing twelve months is around 2.19%, more than CAS's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	2.19%	2.31%	1.13%	2.48%	1.13%	0.88%	0.81%	0.98%	1.32%	0.84%	0.73%	30.13%
CAS Simplify China A Shares PLUS Income ETF	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASHR and CAS in my portfolio?

With a correlation of 0.91, ASHR and CAS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ASHR or CAS?

On fees, ASHR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASHR or CAS?

ASHR is cheaper with a 0.65% expense ratio, compared with 0.88% for CAS.

Which ETF pays a higher dividend yield, ASHR or CAS?

ASHR has the higher dividend yield at 2.19%, compared with 0.38% for CAS.

What is the main difference between ASHR and CAS?

They also come from different issuers: DWS and Simplify. Their fees differ too: 0.65% for ASHR and 0.88% for CAS.