ASHR vs. HYLB
ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) and HYLB (Xtrackers USD High Yield Corporate Bond ETF) are both exchange-traded funds - ASHR is a China Equities fund tracking the CSI 300 Index, while HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index. Both are passively managed. Over the past 5 years, ASHR returned -0.97%/yr vs 3.92%/yr for HYLB. At a 0.34 correlation, their price movements are largely independent. ASHR charges 0.65%/yr vs 0.15%/yr for HYLB.
Performance
ASHR vs. HYLB - Performance Comparison
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Returns By Period
In the year-to-date period, ASHR achieves a 9.16% return, which is significantly higher than HYLB's 1.70% return.
ASHR
- 1D
- -0.55%
- 1M
- 1.44%
- YTD
- 9.16%
- 6M
- 9.26%
- 1Y
- 34.40%
- 3Y*
- 12.55%
- 5Y*
- -0.97%
- 10Y*
- 5.90%
HYLB
- 1D
- 0.03%
- 1M
- 0.49%
- YTD
- 1.70%
- 6M
- 1.67%
- 1Y
- 5.85%
- 3Y*
- 8.97%
- 5Y*
- 3.92%
- 10Y*
- —
ASHR vs. HYLB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF | 9.16% | 27.02% | 11.95% | -12.52% | -27.52% | -1.57% | 36.29% | 36.50% | -28.45% | 33.47% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.70% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 6.00% |
Correlation
The correlation between ASHR and HYLB 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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Dec 7, 2016 | 0.34 |
The correlation between ASHR and HYLB shifts across timeframes, from 0.23 (3 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASHR vs. HYLB — Risk / Return Rank
ASHR
HYLB
ASHR vs. HYLB - 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 USD High Yield Corporate Bond ETF (HYLB). 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 | HYLB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.31 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.31 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.49 | 2.59 | +1.90 |
| Martin ratioReturn relative to average drawdown | 12.97 | 11.05 | +1.92 |
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Drawdowns
ASHR vs. HYLB - Drawdown Comparison
The maximum ASHR drawdown since its inception was -51.30%, which is greater than HYLB's maximum drawdown of -22.91%. Use the drawdown chart below to compare losses from any high point for ASHR and HYLB.
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Drawdown Indicators
| ASHR | HYLB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.30% | -22.91% | -28.39% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -2.27% | -5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -4.51% | -28.61% |
Max Drawdown (5Y)Largest decline over 5 years | -44.59% | -15.54% | -29.05% |
Max Drawdown (10Y)Largest decline over 10 years | -51.30% | — | — |
Current DrawdownCurrent decline from peak | -16.36% | -0.19% | -16.17% |
Average DrawdownAverage peak-to-trough decline | -29.12% | -2.42% | -26.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.66% | 0.53% | +2.13% |
Volatility
ASHR vs. HYLB - Volatility Comparison
Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) has a higher volatility of 7.34% compared to Xtrackers USD High Yield Corporate Bond ETF (HYLB) at 1.06%. This indicates that ASHR's price experiences larger fluctuations and is considered to be riskier than HYLB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASHR | HYLB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 1.06% | +6.28% |
Volatility (6M)Calculated over the trailing 6-month period | 12.96% | 3.02% | +9.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.89% | 3.76% | +14.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 7.48% | +16.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 8.16% | +15.93% |
ASHR vs. HYLB - Expense Ratio Comparison
ASHR has a 0.65% expense ratio, which is higher than HYLB's 0.15% expense ratio.
Dividends
ASHR vs. HYLB - Dividend Comparison
ASHR's dividend yield for the trailing twelve months is around 2.11%, less than HYLB's 6.48% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF | 2.11% | 2.31% | 1.13% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% |
Frequently Asked Questions
ASHR and HYLB 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.
ASHR has higher volatility (7.34%) compared to HYLB (1.06%). In terms of maximum drawdown, ASHR dropped -51.30% vs HYLB's -22.91%.
On 5-year performance, HYLB leads with 3.92% vs -0.97% for ASHR. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYLB has been the lower-risk option at 1.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYLB has performed better with a 3.92% return vs -0.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.65% for ASHR.
HYLB has the higher dividend yield at 6.48%, compared with 2.11% for ASHR.
ASHR is categorized as China Equities, while HYLB is High Yield Bonds. ASHR tracks CSI 300 Index, while HYLB tracks Solactive USD High Yield Corporates Total Market Index. Their fees differ too: 0.65% for ASHR and 0.15% for HYLB.
ASHR currently has the higher Sharpe Ratio (1.94 vs 1.57), 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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