ASHR vs. LQD
ASHR (Xtrackers Harvest CSI 300 China A-Shares Fund) and LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) are both exchange-traded funds - ASHR is a China Equities fund tracking the CSI 300 Index, while LQD is a Corporate Bonds fund tracking the iBoxx $ Liquid Investment Grade Index. Both are passively managed. Over the past 10 years, ASHR returned 5.65%/yr vs 2.54%/yr for LQD. At a 0.07 correlation, their price movements are largely independent. ASHR charges 0.65%/yr vs 0.15%/yr for LQD.
Performance
ASHR vs. LQD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASHR achieves a 7.49% return, which is significantly higher than LQD's 0.82% return. Over the past 10 years, ASHR has outperformed LQD with an annualized return of 5.65%, while LQD has yielded a comparatively lower 2.54% 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%
LQD
- 1D
- -0.06%
- 1M
- 1.45%
- YTD
- 0.82%
- 6M
- 1.24%
- 1Y
- 5.80%
- 3Y*
- 5.30%
- 5Y*
- -0.21%
- 10Y*
- 2.54%
ASHR vs. LQD - 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 0.82% | 7.90% | 0.86% | 9.40% | -17.92% | -1.84% | 10.97% | 17.37% | -3.79% | 7.06% |
Correlation
The correlation between ASHR and LQD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | 0.07 |
The correlation between ASHR and LQD shifts across timeframes, from 0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASHR vs. LQD — Risk / Return Rank
ASHR
LQD
ASHR vs. LQD - 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 iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD). 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 | LQD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.17 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.41 | 1.55 | +2.85 |
| Martin ratioReturn relative to average drawdown | 12.89 | 4.37 | +8.52 |
Loading charts...
Drawdowns
ASHR vs. LQD - Drawdown Comparison
The maximum ASHR drawdown since its inception was -51.30%, which is greater than LQD's maximum drawdown of -24.95%. Use the drawdown chart below to compare losses from any high point for ASHR and LQD.
Loading charts...
Drawdown Indicators
| ASHR | LQD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.30% | -24.95% | -26.35% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -3.34% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -8.43% | -24.69% |
Max Drawdown (5Y)Largest decline over 5 years | -44.59% | -24.95% | -19.64% |
Max Drawdown (10Y)Largest decline over 10 years | -51.30% | -24.95% | -26.35% |
Current DrawdownCurrent decline from peak | -17.64% | -3.37% | -14.27% |
Average DrawdownAverage peak-to-trough decline | -29.15% | -3.99% | -25.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.63% | 1.19% | +1.44% |
Volatility
ASHR vs. LQD - Volatility Comparison
Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) has a higher volatility of 6.04% compared to iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) at 1.78%. This indicates that ASHR's price experiences larger fluctuations and is considered to be riskier than LQD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ASHR | LQD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 1.78% | +4.26% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 4.02% | +8.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 5.37% | +11.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.92% | 8.65% | +15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.06% | 8.69% | +15.37% |
ASHR vs. LQD - Expense Ratio Comparison
ASHR has a 0.65% expense ratio, which is higher than LQD's 0.15% expense ratio.
Dividends
ASHR vs. LQD - Dividend Comparison
ASHR's dividend yield for the trailing twelve months is around 2.15%, less than LQD's 4.55% yield.
| 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% |
LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 4.55% | 4.48% | 4.45% | 3.99% | 3.30% | 2.30% | 2.66% | 3.29% | 3.67% | 3.10% | 3.34% | 3.47% |
Frequently Asked Questions
ASHR and LQD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASHR has higher volatility (6.04%) compared to LQD (1.78%). In terms of maximum drawdown, ASHR dropped -51.30% vs LQD's -24.95%.
On 10-year performance, ASHR leads with 5.65% vs 2.54% for LQD. On fees, LQD is cheaper at 0.15% per year. On volatility, LQD has been the lower-risk option at 1.78%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ASHR has performed better with a 5.65% return vs 2.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LQD is cheaper with a 0.15% expense ratio, compared with 0.65% for ASHR.
LQD has the higher dividend yield at 4.55%, compared with 2.15% for ASHR.
ASHR is categorized as China Equities, while LQD is Corporate Bonds. ASHR tracks CSI 300 Index, while LQD tracks iBoxx $ Liquid Investment Grade Index. They also come from different issuers: DWS and iShares. Their fees differ too: 0.65% for ASHR and 0.15% for LQD.
ASHR currently has the higher Sharpe Ratio (1.97 vs 0.97), 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.
Find the right allocation for ASHR and LQD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer