ASHR vs. YXI
ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) and YXI (ProShares Short FTSE China 50) are both exchange-traded funds - ASHR is a China Equities fund tracking the CSI 300 Index, while YXI is a Inverse Equities fund tracking the FTSE China 50 Net Tax USD (TR) (-100%). Both are passively managed. Over the past 10 years, ASHR returned 5.96%/yr vs -7.78%/yr for YXI. At a correlation of -0.70, they often move in opposite directions. ASHR charges 0.65%/yr vs 0.95%/yr for YXI.
Performance
ASHR vs. YXI - Performance Comparison
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Returns By Period
In the year-to-date period, ASHR achieves a 9.77% return, which is significantly lower than YXI's 16.30% return. Over the past 10 years, ASHR has outperformed YXI with an annualized return of 5.96%, while YXI has yielded a comparatively lower -7.78% 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%
YXI
- 1D
- 1.77%
- 1M
- 7.38%
- YTD
- 16.30%
- 6M
- 16.98%
- 1Y
- 9.55%
- 3Y*
- -10.15%
- 5Y*
- -1.37%
- 10Y*
- -7.78%
ASHR vs. YXI - 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% |
YXI ProShares Short FTSE China 50 | 16.30% | -22.87% | -25.36% | 12.40% | 4.78% | 13.94% | -17.95% | -14.35% | 9.63% | -28.43% |
Correlation
The correlation between ASHR and YXI is -0.63, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.73 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2013 | -0.70 |
The correlation between ASHR and YXI has been stable across timeframes, ranging from -0.73 to -0.63 - a consistent structural relationship.
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Return for Risk
ASHR vs. YXI — Risk / Return Rank
ASHR
YXI
ASHR vs. YXI - 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 ProShares Short FTSE China 50 (YXI). 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 | YXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.08 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.10 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.90 | 0.77 | +4.13 |
| Martin ratioReturn relative to average drawdown | 14.20 | 1.49 | +12.71 |
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Drawdowns
ASHR vs. YXI - Drawdown Comparison
The maximum ASHR drawdown since its inception was -51.30%, smaller than the maximum YXI drawdown of -81.15%. Use the drawdown chart below to compare losses from any high point for ASHR and YXI.
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Drawdown Indicators
| ASHR | YXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.30% | -81.15% | +29.85% |
Max Drawdown (1Y)Largest decline over 1 year | -7.69% | -12.48% | +4.79% |
Max Drawdown (3Y)Largest decline over 3 years | -33.12% | -53.12% | +20.00% |
Max Drawdown (5Y)Largest decline over 5 years | -44.59% | -57.65% | +13.06% |
Max Drawdown (10Y)Largest decline over 10 years | -51.30% | -64.92% | +13.62% |
Current DrawdownCurrent decline from peak | -15.89% | -76.25% | +60.36% |
Average DrawdownAverage peak-to-trough decline | -29.13% | -54.37% | +25.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 6.88% | -4.23% |
Volatility
ASHR vs. YXI - Volatility Comparison
Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) has a higher volatility of 7.31% compared to ProShares Short FTSE China 50 (YXI) at 6.62%. This indicates that ASHR's price experiences larger fluctuations and is considered to be riskier than YXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASHR | YXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.31% | 6.62% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 15.49% | -2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 20.12% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.01% | 31.48% | -7.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.09% | 27.43% | -3.34% |
ASHR vs. YXI - Expense Ratio Comparison
ASHR has a 0.65% expense ratio, which is lower than YXI's 0.95% expense ratio.
Dividends
ASHR vs. YXI - Dividend Comparison
ASHR's dividend yield for the trailing twelve months is around 2.10%, less than YXI's 2.64% 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% |
YXI ProShares Short FTSE China 50 | 2.64% | 3.60% | 4.35% | 2.66% | 0.27% | 0.00% | 0.08% | 1.01% | 0.25% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASHR and YXI have a correlation of -0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASHR has higher volatility (7.31%) compared to YXI (6.62%). In terms of maximum drawdown, ASHR dropped -51.30% vs YXI's -81.15%.
On 10-year performance, ASHR leads with 5.96% vs -7.78% for YXI. On fees, ASHR is cheaper at 0.65% per year. On volatility, YXI has been the lower-risk option at 6.62%. 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 5.96% return vs -7.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ASHR is cheaper with a 0.65% expense ratio, compared with 0.95% for YXI.
YXI has the higher dividend yield at 2.64%, compared with 2.10% for ASHR.
ASHR is categorized as China Equities, while YXI is Inverse Equities. ASHR tracks CSI 300 Index, while YXI tracks FTSE China 50 Net Tax USD (TR) (-100%). They also come from different issuers: DWS and ProShares. Their fees differ too: 0.65% for ASHR and 0.95% for YXI.
ASHR currently has the higher Sharpe Ratio (2.11 vs 0.48), 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.
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