ASHR vs. GLD
ASHR (Xtrackers Harvest CSI 300 China A-Shares Fund) and GLD (SPDR Gold Shares) are both exchange-traded funds - ASHR is a China Equities fund tracking the CSI 300 Index, while GLD is a Gold fund tracking the LBMA Gold Price PM. Both are passively managed. Over the past 10 years, ASHR returned 5.65%/yr vs 12.15%/yr for GLD. At a 0.12 correlation, their price movements are largely independent. ASHR charges 0.65%/yr vs 0.40%/yr for GLD.
Performance
ASHR vs. GLD - Performance Comparison
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Returns By Period
In the year-to-date period, ASHR achieves a 7.49% return, which is significantly higher than GLD's -2.47% return. Over the past 10 years, ASHR has underperformed GLD with an annualized return of 5.65%, while GLD has yielded a comparatively higher 12.15% annualized return.
ASHR
- 1D
- 0.83%
- 1M
- -0.45%
- YTD
- 7.49%
- 6M
- 9.62%
- 1Y
- 35.11%
- 3Y*
- 11.43%
- 5Y*
- -1.32%
- 10Y*
- 5.65%
GLD
- 1D
- 0.06%
- 1M
- -7.37%
- YTD
- -2.47%
- 6M
- -2.25%
- 1Y
- 22.21%
- 3Y*
- 28.89%
- 5Y*
- 17.08%
- 10Y*
- 12.15%
ASHR vs. GLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 7.49% | 27.02% | 11.95% | -12.52% | -27.52% | -1.57% | 36.29% | 36.50% | -28.45% | 33.47% |
GLD SPDR Gold Shares | -2.47% | 63.68% | 26.66% | 12.69% | -0.77% | -4.15% | 24.81% | 17.86% | -1.94% | 12.81% |
Correlation
The correlation between ASHR and GLD is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.12 |
Over the past year, ASHR and GLD have become more correlated (0.35) than their long-term average of 0.12, meaning their price movements have been converging.
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Return for Risk
ASHR vs. GLD — Risk / Return Rank
ASHR
GLD
ASHR vs. GLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) and SPDR Gold Shares (GLD). 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 | GLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.09 | ||
| Sortino ratioReturn per unit of downside risk | +1.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.18 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 0.98 | +3.43 |
| Martin ratioReturn relative to average drawdown | 12.89 | 2.81 | +10.08 |
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Drawdowns
ASHR vs. GLD - Drawdown Comparison
The maximum ASHR drawdown since its inception was -51.30%, which is greater than GLD's maximum drawdown of -45.56%. Use the drawdown chart below to compare losses from any high point for ASHR and GLD.
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Drawdown Indicators
| ASHR | GLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.30% | -45.56% | -5.74% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -24.46% | +16.77% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -24.46% | -8.66% |
Max Drawdown (5Y)Largest decline over 5 years | -44.59% | -24.46% | -20.13% |
Max Drawdown (10Y)Largest decline over 10 years | -51.30% | -24.46% | -26.84% |
Current DrawdownCurrent decline from peak | -17.64% | -22.05% | +4.41% |
Average DrawdownAverage peak-to-trough decline | -29.15% | -16.16% | -12.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 8.49% | -5.86% |
Volatility
ASHR vs. GLD - Volatility Comparison
The current volatility for Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) is 6.04%, while SPDR Gold Shares (GLD) has a volatility of 7.79%. This indicates that ASHR experiences smaller price fluctuations and is considered to be less risky than GLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASHR | GLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 7.79% | -1.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 24.10% | -12.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 27.37% | -10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.92% | 18.22% | +5.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 16.08% | +7.98% |
ASHR vs. GLD - Expense Ratio Comparison
ASHR has a 0.65% expense ratio, which is higher than GLD's 0.40% expense ratio.
Dividends
ASHR vs. GLD - Dividend Comparison
ASHR's dividend yield for the trailing twelve months is around 2.15%, while GLD 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 Fund | 2.15% | 2.31% | 1.13% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% |
GLD SPDR Gold Shares | 0.00% | 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
ASHR and GLD have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLD has higher volatility (7.79%) compared to ASHR (6.04%). In terms of maximum drawdown, ASHR dropped -51.30% vs GLD's -45.56%.
On 10-year performance, GLD leads with 12.15% vs 5.65% for ASHR. On fees, GLD is cheaper at 0.40% per year. On volatility, ASHR has been the lower-risk option at 6.04%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, GLD has performed better with a 12.15% return vs 5.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GLD is cheaper with a 0.40% expense ratio, compared with 0.65% for ASHR.
ASHR has the higher dividend yield at 2.15%, compared with 0.00% for GLD.
ASHR is categorized as China Equities, while GLD is Gold. ASHR tracks CSI 300 Index, while GLD tracks LBMA Gold Price PM. They also come from different issuers: DWS and State Street. Their fees differ too: 0.65% for ASHR and 0.40% for GLD.
ASHR currently has the higher Sharpe Ratio (1.97 vs 0.87), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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