ASHR vs. CNQQ

Last updated Jul 17, 2026

ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both China Equities funds - ASHR tracks the CSI 300 Index while CNQQ tracks the Solactive ChinaAMC Transformative China Tech. Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. ASHR charges 0.65%/yr vs 0.75%/yr for CNQQ.

Performance

ASHR vs. CNQQ - 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 Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASHR achieves a 5.18% return, which is significantly lower than CNQQ's 6.72% return.

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%

CNQQ

• 1D: -2.56%
• 1M: -2.16%
• 6M: 1.16%
• YTD: 6.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASHR vs. CNQQ - Yearly Performance Comparison

	2026 (YTD)	2025
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	5.18%	3.74%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	6.72%	-5.22%

Correlation

The correlation between ASHR and CNQQ is 0.83, 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 Sep 26, 2025	0.83

Return for Risk

ASHR vs. CNQQ — 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

CNQQ

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. CNQQ - 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 Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). 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	CNQQ	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. CNQQ - Drawdown Comparison

The maximum ASHR drawdown since its inception was -51.30%, which is greater than CNQQ's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for ASHR and CNQQ.

Drawdown Indicators

	ASHR	CNQQ	Difference
Max Drawdown Largest peak-to-trough decline	-51.30%	-17.82%	-33.48%
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%	-7.55%	-11.86%
Average Drawdown Average peak-to-trough decline	-29.06%	-8.43%	-20.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	ASHR	CNQQ	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%	27.12%	-7.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.15%	27.12%	-2.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.17%	27.12%	-2.95%

ASHR vs. CNQQ - Expense Ratio Comparison

ASHR has a 0.65% expense ratio, which is lower than CNQQ's 0.75% expense ratio.

Dividends

ASHR vs. CNQQ - Dividend Comparison

ASHR's dividend yield for the trailing twelve months is around 2.19%, more than CNQQ's 0.35% 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%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.35%	0.09%	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 CNQQ in my portfolio?

ASHR and CNQQ have a correlation of 0.83, 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 CNQQ?

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 CNQQ?

ASHR is cheaper with a 0.65% expense ratio, compared with 0.75% for CNQQ.

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

ASHR has the higher dividend yield at 2.19%, compared with 0.35% for CNQQ.

What is the main difference between ASHR and CNQQ?

ASHR tracks CSI 300 Index, while CNQQ tracks Solactive ChinaAMC Transformative China Tech. They also come from different issuers: DWS and Rayliant. Their fees differ too: 0.65% for ASHR and 0.75% for CNQQ.