ASHR vs. KBA

Last updated Jun 24, 2026

ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) and KBA (KraneShares Bosera MSCI China A Share ETF) are both China Equities funds - ASHR tracks the CSI 300 Index while KBA tracks the MSCI China A Index. Both are passively managed. Over the past 10 years, ASHR returned 5.96%/yr vs 10.40%/yr for KBA. Their correlation of 0.94 suggests significant overlap in exposure. ASHR charges 0.65%/yr vs 0.60%/yr for KBA.

Performance

ASHR vs. KBA - 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 KraneShares Bosera MSCI China A Share ETF (KBA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASHR achieves a 9.77% return, which is significantly lower than KBA's 10.36% return. Over the past 10 years, ASHR has underperformed KBA with an annualized return of 5.96%, while KBA has yielded a comparatively higher 10.40% annualized return.

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%

KBA

• 1D: -3.67%
• 1M: 2.74%
• YTD: 10.36%
• 6M: 10.50%
• 1Y: 45.45%
• 3Y*: 16.25%
• 5Y*: 6.66%
• 10Y*: 10.40%

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

ASHR vs. KBA - 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%
KBA KraneShares Bosera MSCI China A Share ETF	10.36%	33.88%	15.73%	-16.77%	-3.49%	3.17%	41.62%	35.44%	-26.28%	30.69%

Correlation

The correlation between ASHR and KBA is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (10Y) Calculated over the trailing 10-year period	0.96
Correlation (All Time) Calculated using the full available price history since Mar 5, 2014	0.94

The correlation between ASHR and KBA has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

ASHR vs. KBA - Sectors Allocation Comparison

Sectors	ASHR	KBA
Technology	31.1%	34.1%
Financial Services	19.1%	17.4%
Industrials	16.1%	15.4%
Basic Materials	9.4%	9.3%
Consumer Defensive	6.7%	6.5%
Consumer Cyclical	6.4%	5.4%
Healthcare	4.4%	3.7%
Utilities	3.1%	3.2%
Energy	2.5%	3.0%
Communication Services	0.8%	1.4%
Real Estate	0.4%	0.5%

Return for Risk

ASHR vs. KBA — 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

KBA

KBA Risk / Return Rank: 81
KBA Sharpe Ratio Rank: 80
KBA Sortino Ratio Rank: 77
KBA Omega Ratio Rank: 77
KBA Calmar Ratio Rank: 92
KBA Martin Ratio Rank: 81

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. KBA - 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 KraneShares Bosera MSCI China A Share ETF (KBA). 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	KBA	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.40	-0.30
Sortino ratio: Return per unit of downside risk	2.89	3.21	-0.32
Omega ratio: Gain probability vs. loss probability	1.37	1.42	-0.05
Calmar ratio: Return relative to maximum drawdown	4.90	5.97	-1.07
Martin ratio: Return relative to average drawdown	14.20	15.15	-0.94

ASHR vs. KBA - Sharpe Ratio Comparison

The current ASHR Sharpe Ratio is 2.11, which is comparable to the KBA Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of ASHR and KBA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ASHR vs. KBA - Drawdown Comparison

The maximum ASHR drawdown since its inception was -51.30%, roughly equal to the maximum KBA drawdown of -53.24%. Use the drawdown chart below to compare losses from any high point for ASHR and KBA.

Drawdown Indicators

	ASHR	KBA	Difference
Max Drawdown Largest peak-to-trough decline	-51.30%	-53.24%	+1.94%
Max Drawdown (1Y) Largest decline over 1 year	-7.69%	-7.65%	-0.04%
Max Drawdown (3Y) Largest decline over 3 years	-33.12%	-31.23%	-1.89%
Max Drawdown (5Y) Largest decline over 5 years	-44.59%	-39.76%	-4.83%
Max Drawdown (10Y) Largest decline over 10 years	-51.30%	-45.32%	-5.98%
Current Drawdown Current decline from peak	-15.89%	-3.67%	-12.22%
Average Drawdown Average peak-to-trough decline	-29.13%	-25.71%	-3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.65%	3.01%	-0.36%

Volatility

ASHR vs. KBA - Volatility Comparison

The current volatility for Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) is 7.31%, while KraneShares Bosera MSCI China A Share ETF (KBA) has a volatility of 8.89%. This indicates that ASHR experiences smaller price fluctuations and is considered to be less risky than KBA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASHR	KBA	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.31%	8.89%	-1.58%
Volatility (6M) Calculated over the trailing 6-month period	12.95%	14.20%	-1.25%
Volatility (1Y) Calculated over the trailing 1-year period	17.88%	19.00%	-1.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.01%	27.35%	-3.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.09%	25.39%	-1.30%

ASHR vs. KBA - Expense Ratio Comparison

ASHR has a 0.65% expense ratio, which is higher than KBA's 0.60% expense ratio.

Dividends

ASHR vs. KBA - Dividend Comparison

ASHR's dividend yield for the trailing twelve months is around 2.10%, more than KBA's 1.42% yield.

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%
KBA KraneShares Bosera MSCI China A Share ETF	1.42%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%

Frequently Asked Questions

Can I hold both ASHR and KBA in my portfolio?

With a correlation of 0.94, ASHR and KBA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, ASHR or KBA?

KBA has higher volatility (8.89%) compared to ASHR (7.31%). In terms of maximum drawdown, ASHR dropped -51.30% vs KBA's -53.24%.

Which ETF is better, ASHR or KBA?

On 10-year performance, KBA leads with 10.40% vs 5.96% for ASHR. On fees, KBA is cheaper at 0.60% per year. On volatility, ASHR has been the lower-risk option at 7.31%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASHR or KBA?

Over the 10-year period, KBA has performed better with a 10.40% return vs 5.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASHR or KBA?

KBA is cheaper with a 0.60% expense ratio, compared with 0.65% for ASHR.

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

ASHR has the higher dividend yield at 2.10%, compared with 1.42% for KBA.

What is the main difference between ASHR and KBA?

ASHR tracks CSI 300 Index, while KBA tracks MSCI China A Index. They also come from different issuers: DWS and CICC. Their fees differ too: 0.65% for ASHR and 0.60% for KBA.

Which has better risk-adjusted returns?

KBA currently has the higher Sharpe Ratio (2.40 vs 2.11), 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.