ASHR vs. MCHI

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) and iShares MSCI China ETF (MCHI).

ASHR and MCHI 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. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both ASHR and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ASHR vs. MCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) and iShares MSCI China ETF (MCHI). The values are adjusted to include any dividend payments, if applicable.

ASHR vs. MCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund	-0.64%	27.02%	11.95%	-12.52%	-27.52%	-1.57%	36.29%	36.50%	-28.45%	33.47%
MCHI iShares MSCI China ETF	-6.48%	31.04%	17.73%	-11.94%	-23.01%	-21.74%	27.78%	23.72%	-19.79%	54.67%

Returns By Period

In the year-to-date period, ASHR achieves a -0.64% return, which is significantly higher than MCHI's -6.48% return. Over the past 10 years, ASHR has underperformed MCHI with an annualized return of 4.13%, while MCHI has yielded a comparatively higher 4.66% annualized return.

ASHR

• 1D: 1.33%
• 1M: -4.25%
• YTD: -0.64%
• 6M: 1.30%
• 1Y: 25.74%
• 3Y*: 5.52%
• 5Y*: -2.00%
• 10Y*: 4.13%

MCHI

• 1D: 2.24%
• 1M: -4.88%
• YTD: -6.48%
• 6M: -13.64%
• 1Y: 5.57%
• 3Y*: 6.55%
• 5Y*: -5.65%
• 10Y*: 4.66%

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

ASHR vs. MCHI - Expense Ratio Comparison

ASHR has a 0.65% expense ratio, which is higher than MCHI's 0.59% expense ratio.

ASHR

Xtrackers Harvest CSI 300 China A-Shares Fund

MCHI

iShares MSCI China ETF

Return for Risk

ASHR vs. MCHI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ASHR

ASHR Risk / Return Rank: 80
ASHR Sharpe Ratio Rank: 78
ASHR Sortino Ratio Rank: 77
ASHR Omega Ratio Rank: 76
ASHR Calmar Ratio Rank: 82
ASHR Martin Ratio Rank: 86

MCHI

MCHI Risk / Return Rank: 19
MCHI Sharpe Ratio Rank: 19
MCHI Sortino Ratio Rank: 20
MCHI Omega Ratio Rank: 20
MCHI Calmar Ratio Rank: 19
MCHI Martin Ratio Rank: 19

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. MCHI - 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 MSCI China ETF (MCHI). 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.

	ASHR	MCHI	Difference
Sharpe ratio Return per unit of total volatility	1.39	0.23	+1.15
Sortino ratio Return per unit of downside risk	1.90	0.48	+1.42
Omega ratio Gain probability vs. loss probability	1.27	1.06	+0.21
Calmar ratio Return relative to maximum drawdown	2.16	0.31	+1.86
Martin ratio Return relative to average drawdown	9.57	0.80	+8.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASHR vs. MCHI - Sharpe Ratio Comparison

The current ASHR Sharpe Ratio is 1.39, which is higher than the MCHI Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of ASHR and MCHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ASHR	MCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.39	0.23	+1.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	-0.19	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.17	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	0.09	+0.10

Correlation

The correlation between ASHR and MCHI is 0.74, 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.

Dividends

ASHR vs. MCHI - Dividend Comparison

ASHR's dividend yield for the trailing twelve months is around 2.32%, more than MCHI's 2.26% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund	2.32%	2.31%	1.13%	2.48%	1.13%	0.88%	0.81%	0.98%	1.32%	0.84%	0.73%	30.13%
MCHI iShares MSCI China ETF	2.26%	2.12%	2.31%	2.66%	1.78%	1.04%	1.04%	1.45%	1.60%	1.56%	1.66%	2.76%

Drawdowns

ASHR vs. MCHI - Drawdown Comparison

The maximum ASHR drawdown since its inception was -51.30%, smaller than the maximum MCHI drawdown of -62.95%. Use the drawdown chart below to compare losses from any high point for ASHR and MCHI.

Drawdown Indicators

	ASHR	MCHI	Difference
Max Drawdown Largest peak-to-trough decline	-51.30%	-62.95%	+11.65%
Max Drawdown (1Y) Largest decline over 1 year	-11.41%	-17.17%	+5.76%
Max Drawdown (5Y) Largest decline over 5 years	-46.44%	-57.18%	+10.74%
Max Drawdown (10Y) Largest decline over 10 years	-51.30%	-62.95%	+11.65%
Current Drawdown Current decline from peak	-23.87%	-36.23%	+12.36%
Average Drawdown Average peak-to-trough decline	-29.34%	-24.40%	-4.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	6.56%	-3.89%

Volatility

ASHR vs. MCHI - Volatility Comparison

The current volatility for Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) is 5.81%, while iShares MSCI China ETF (MCHI) has a volatility of 7.34%. This indicates that ASHR experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASHR	MCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	7.34%	-1.53%
Volatility (6M) Calculated over the trailing 6-month period	11.30%	14.85%	-3.55%
Volatility (1Y) Calculated over the trailing 1-year period	18.63%	23.85%	-5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.85%	30.68%	-6.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.13%	27.39%	-3.26%