ASHR vs. CN

Last updated Jun 24, 2026

ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) and CN (Xtrackers MSCI All China Equity ETF) are both China Equities funds - ASHR tracks the CSI 300 Index while CN tracks the MSCI China All Shares. Both are passively managed. A 0.76 correlation means they provide meaningful diversification when combined. ASHR charges 0.65%/yr vs 0.50%/yr for CN.

Performance

ASHR vs. CN - 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 Xtrackers MSCI All China Equity ETF (CN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASHR

• 1D: -3.32%
• 1M: 2.01%
• YTD: 9.77%
• 6M: 10.21%
• 1Y: 37.51%
• 3Y*: 12.76%
• 5Y*: -0.54%
• 10Y*: 5.96%

CN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASHR vs. CN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	9.77%	27.02%	11.95%	-12.52%	-27.52%	-1.57%	36.29%	36.50%	-28.45%	33.47%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	31.55%	26.79%	-22.41%	43.69%

Correlation

The correlation between ASHR and CN is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.40
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 30, 2014	0.76

The correlation between ASHR and CN shifts across timeframes, from 0.40 (3 years) to 0.76 (all time), reflecting how their relationship changes across market environments.

ASHR vs. CN - Sectors Allocation Comparison

Sectors	ASHR	CN
Technology	31.1%	0.3%
Financial Services	19.1%	55.1%
Industrials	16.1%	1.0%
Basic Materials	9.4%	0.6%
Consumer Defensive	6.7%	0.3%
Consumer Cyclical	6.4%	5.4%
Healthcare	4.4%	0.8%
Utilities	3.1%	0.2%
Energy	2.5%	0.9%
Communication Services	0.8%	0.4%
Real Estate	0.4%	0.8%

Return for Risk

ASHR vs. CN — Risk / Return Rank

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

ASHR

ASHR Risk / Return Rank: 73
ASHR Sharpe Ratio Rank: 68
ASHR Sortino Ratio Rank: 66
ASHR Omega Ratio Rank: 66
ASHR Calmar Ratio Rank: 88
ASHR Martin Ratio Rank: 77

CN

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. CN - 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 Xtrackers MSCI All China Equity ETF (CN). 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	CN	Difference
Sharpe ratio: Return per unit of total volatility	2.11	—	—
Sortino ratio: Return per unit of downside risk	2.89	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	4.90	—	—
Martin ratio: Return relative to average drawdown	14.20	—	—

Drawdowns

Drawdown Indicators

	ASHR	CN	Difference
Max Drawdown Largest peak-to-trough decline	-51.30%	—	—
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	-44.59%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.30%	—	—
Current Drawdown Current decline from peak	-15.89%	—	—
Average Drawdown Average peak-to-trough decline	-29.13%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	—	—

Volatility

Volatility by Period

	ASHR	CN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.88%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.01%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.09%	—	—

ASHR vs. CN - Expense Ratio Comparison

ASHR has a 0.65% expense ratio, which is higher than CN's 0.50% expense ratio.

Dividends

ASHR vs. CN - Dividend Comparison

ASHR's dividend yield for the trailing twelve months is around 2.10%, while CN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	2.10%	2.31%	1.13%	2.48%	1.13%	0.88%	0.81%	0.98%	1.32%	0.84%	0.73%	30.13%
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%

Frequently Asked Questions

Can I hold both ASHR and CN in my portfolio?

ASHR and CN have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASHR or CN?

On fees, CN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASHR or CN?

CN is cheaper with a 0.50% expense ratio, compared with 0.65% for ASHR.

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

ASHR has the higher dividend yield at 2.10%, compared with 0.00% for CN.

What is the main difference between ASHR and CN?

ASHR tracks CSI 300 Index, while CN tracks MSCI China All Shares. They also come from different issuers: DWS and Deutsche Bank. Their fees differ too: 0.65% for ASHR and 0.50% for CN.