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ASHR vs. YANG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ASHR vs. YANG

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) and Direxion Daily China 3x Bear Shares (YANG).

ASHR and YANG 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. YANG is a passively managed fund by Direxion that tracks the performance of the FTSE China 50 Index (-300%). It was launched on Dec 3, 2009. Both ASHR and YANG 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. YANG - 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 Direxion Daily China 3x Bear Shares (YANG). The values are adjusted to include any dividend payments, if applicable.

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ASHR vs. YANG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
YANG
Direxion Daily China 3x Bear Shares		16.89%-62.77%-71.41%11.95%-41.34%25.90%-58.66%-40.72%13.14%-64.93%

Returns By Period

In the year-to-date period, ASHR achieves a -0.64% return, which is significantly lower than YANG's 16.89% return. Over the past 10 years, ASHR has outperformed YANG with an annualized return of 4.13%, while YANG has yielded a comparatively lower -39.27% 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%

YANG

1D
-7.70%
1M
10.48%
YTD
16.89%
6M
38.34%
1Y
-23.59%
3Y*
-44.06%
5Y*
-33.90%
10Y*
-39.27%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers Harvest CSI 300 China A-Shares Fund

Direxion Daily China 3x Bear Shares

Often compared with ASHR:
ASHR vs. MCHIASHR vs. FXIASHR vs. CNYAASHR vs. ASHSASHR vs. SPYASHR vs. GXCASHR vs. CHAU
Often compared with YANG:
YANG vs. YINNYANG vs. CWEBYANG vs. GLLYANG vs. TYOYANG vs. KLIPYANG vs. FXPYANG vs. EDZ

ASHR vs. YANG - Expense Ratio Comparison

ASHR has a 0.65% expense ratio, which is lower than YANG's 1.07% expense ratio.

YANG
Direxion Daily China 3x Bear Shares
ASHR
Xtrackers Harvest CSI 300 China A-Shares Fund

Return for Risk

ASHR vs. YANG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASHR
ASHR Risk / Return Rank: 8080
Overall Rank
ASHR Sharpe Ratio Rank: 7878
Sharpe Ratio Rank
ASHR Sortino Ratio Rank: 7777
Sortino Ratio Rank
ASHR Omega Ratio Rank: 7676
Omega Ratio Rank
ASHR Calmar Ratio Rank: 8282
Calmar Ratio Rank
ASHR Martin Ratio Rank: 8686
Martin Ratio Rank
YANG
YANG Risk / Return Rank: 88
Overall Rank
YANG Sharpe Ratio Rank: 66
Sharpe Ratio Rank
YANG Sortino Ratio Rank: 99
Sortino Ratio Rank
YANG Omega Ratio Rank: 99
Omega Ratio Rank
YANG Calmar Ratio Rank: 66
Calmar Ratio Rank
YANG Martin Ratio Rank: 99
Martin Ratio Rank
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. YANG - 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 Direxion Daily China 3x Bear Shares (YANG). 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.

ASHRYANGDifference

Sharpe ratio

Return per unit of total volatility

1.39

-0.33

+1.72

Sortino ratio

Return per unit of downside risk

1.90

-0.03

+1.93

Omega ratio

Gain probability vs. loss probability

1.27

1.00

+0.28

Calmar ratio

Return relative to maximum drawdown

2.16

-0.35

+2.51

Martin ratio

Return relative to average drawdown

9.57

-0.42

+9.98

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. YANG - Sharpe Ratio Comparison

The current ASHR Sharpe Ratio is 1.39, which is higher than the YANG Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of ASHR and YANG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ASHRYANGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.39

-0.33

+1.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.08

-0.36

+0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.17

-0.48

+0.65

Sharpe Ratio (All Time)

Calculated using the full available price history

0.20

-0.49

+0.69

Correlation

The correlation between ASHR and YANG is -0.72. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Dividends

ASHR vs. YANG - Dividend Comparison

ASHR's dividend yield for the trailing twelve months is around 2.32%, less than YANG's 3.49% yield.

TTM20252024202320222021202020192018201720162015
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%
YANG
Direxion Daily China 3x Bear Shares		3.49%4.03%9.42%3.66%0.00%0.00%0.67%1.54%0.56%0.00%0.00%0.00%

Drawdowns

ASHR vs. YANG - Drawdown Comparison

The maximum ASHR drawdown since its inception was -51.30%, smaller than the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ASHR and YANG.

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Drawdown Indicators

ASHRYANGDifference

Max Drawdown

Largest peak-to-trough decline

-51.30%

-99.98%

+48.68%

Max Drawdown (1Y)

Largest decline over 1 year

-11.41%

-68.02%

+56.61%

Max Drawdown (5Y)

Largest decline over 5 years

-46.44%

-97.38%

+50.94%

Max Drawdown (10Y)

Largest decline over 10 years

-51.30%

-99.60%

+48.30%

Current Drawdown

Current decline from peak

-23.87%

-99.97%

+76.10%

Average Drawdown

Average peak-to-trough decline

-29.34%

-90.42%

+61.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.67%

56.91%

-54.24%

Volatility

ASHR vs. YANG - Volatility Comparison

The current volatility for Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) is 5.81%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 20.49%. This indicates that ASHR experiences smaller price fluctuations and is considered to be less risky than YANG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ASHRYANGDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.81%

20.49%

-14.68%

Volatility (6M)

Calculated over the trailing 6-month period

11.30%

43.25%

-31.95%

Volatility (1Y)

Calculated over the trailing 1-year period

18.63%

71.53%

-52.90%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

23.85%

94.41%

-70.56%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.13%

82.23%

-58.10%