ASHR vs. GXC
Compare and contrast key facts about Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) and SPDR S&P China ETF (GXC).
ASHR and GXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASHR is a passively managed fund by DWS that tracks the performance of the CSI 300 Index. It was launched on Nov 6, 2013. GXC is a passively managed fund by State Street that tracks the performance of the S&P China BMI Index. It was launched on Mar 19, 2007. Both ASHR and GXC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASHR or GXC.
Key characteristics
| ASHR | GXC | |
|---|---|---|
| YTD Return | 0.33% | -0.53% |
| 1Y Return | -13.49% | -8.26% |
| 3Y Return (Ann) | -14.25% | -18.44% |
| 5Y Return (Ann) | -2.56% | -6.05% |
| 10Y Return (Ann) | 4.56% | 1.58% |
| Sharpe Ratio | -0.82 | -0.46 |
| Daily Std Dev | 18.00% | 23.30% |
| Max Drawdown | -51.30% | -72.16% |
| Current Drawdown | -45.94% | -53.10% |
Correlation
The correlation between ASHR and GXC is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ASHR vs. GXC - Performance Comparison
In the year-to-date period, ASHR achieves a 0.33% return, which is significantly higher than GXC's -0.53% return. Over the past 10 years, ASHR has outperformed GXC with an annualized return of 4.56%, while GXC has yielded a comparatively lower 1.58% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ASHR vs. GXC - Expense Ratio Comparison
ASHR has a 0.65% expense ratio, which is higher than GXC's 0.59% expense ratio.
Risk-Adjusted Performance
ASHR vs. GXC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) and SPDR S&P China ETF (GXC). 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.
Dividends
ASHR vs. GXC - Dividend Comparison
ASHR's dividend yield for the trailing twelve months is around 2.47%, less than GXC's 3.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.47% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% | 0.27% | 0.00% |
GXC SPDR S&P China ETF | 3.72% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
Drawdowns
ASHR vs. GXC - Drawdown Comparison
The maximum ASHR drawdown since its inception was -51.30%, smaller than the maximum GXC drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for ASHR and GXC. For additional features, visit the drawdowns tool.
Volatility
ASHR vs. GXC - Volatility Comparison
Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) and SPDR S&P China ETF (GXC) have volatilities of 4.70% and 4.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.