ASHR vs. MCHI
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASHR or MCHI.
Performance
ASHR vs. MCHI - Performance Comparison
Returns By Period
In the year-to-date period, ASHR achieves a 14.81% return, which is significantly lower than MCHI's 18.28% return. Over the past 10 years, ASHR has outperformed MCHI with an annualized return of 3.23%, while MCHI has yielded a comparatively lower 1.49% annualized return.
ASHR
14.81%
-0.51%
8.93%
10.71%
1.10%
3.23%
MCHI
18.28%
-3.85%
5.01%
13.59%
-2.49%
1.49%
Key characteristics
| ASHR | MCHI | |
|---|---|---|
| Sharpe Ratio | 0.33 | 0.38 |
| Sortino Ratio | 0.70 | 0.78 |
| Omega Ratio | 1.11 | 1.10 |
| Calmar Ratio | 0.20 | 0.19 |
| Martin Ratio | 1.07 | 1.16 |
| Ulcer Index | 9.52% | 10.05% |
| Daily Std Dev | 30.85% | 30.94% |
| Max Drawdown | -51.30% | -62.84% |
| Current Drawdown | -38.14% | -47.17% |
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ASHR vs. MCHI - Expense Ratio Comparison
ASHR has a 0.65% expense ratio, which is higher than MCHI's 0.59% expense ratio.
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.
Risk-Adjusted Performance
ASHR vs. MCHI - 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 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.
Dividends
ASHR vs. MCHI - Dividend Comparison
ASHR's dividend yield for the trailing twelve months is around 2.16%, less than MCHI's 2.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.16% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% | 0.27% | 0.00% |
MCHI iShares MSCI China ETF | 2.47% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
ASHR vs. MCHI - Drawdown Comparison
The maximum ASHR drawdown since its inception was -51.30%, smaller than the maximum MCHI drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for ASHR and MCHI. For additional features, visit the drawdowns tool.
Volatility
ASHR vs. MCHI - Volatility Comparison
Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) has a higher volatility of 10.37% compared to iShares MSCI China ETF (MCHI) at 9.84%. This indicates that ASHR's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.