ASHS vs. HYUP
ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) and HYUP (Xtrackers High Beta High Yield Bond ETF) are both exchange-traded funds - ASHS is a China Equities fund tracking the CSI 500 Index, while HYUP is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market High Beta Index. Both are passively managed. Over the past 5 years, ASHS returned 4.93%/yr vs 4.24%/yr for HYUP. At a 0.29 correlation, their price movements are largely independent. ASHS charges 0.65%/yr vs 0.20%/yr for HYUP.
Performance
ASHS vs. HYUP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASHS achieves a 21.06% return, which is significantly higher than HYUP's 1.75% return.
ASHS
- 1D
- 0.83%
- 1M
- 2.82%
- YTD
- 21.06%
- 6M
- 23.45%
- 1Y
- 61.77%
- 3Y*
- 16.85%
- 5Y*
- 4.93%
- 10Y*
- 4.14%
HYUP
- 1D
- -0.08%
- 1M
- 0.34%
- YTD
- 1.75%
- 6M
- 1.80%
- 1Y
- 6.17%
- 3Y*
- 10.27%
- 5Y*
- 4.24%
- 10Y*
- —
ASHS vs. HYUP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 21.06% | 39.48% | 2.68% | -10.03% | -24.78% | 17.66% | 28.22% | 24.53% | -37.56% |
HYUP Xtrackers High Beta High Yield Bond ETF | 1.75% | 8.83% | 10.30% | 14.56% | -13.30% | 5.13% | 5.73% | 16.54% | -3.90% |
Correlation
The correlation between ASHS and HYUP is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jan 11, 2018 | 0.29 |
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
ASHS vs. HYUP — Risk / Return Rank
ASHS
HYUP
ASHS vs. HYUP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) and Xtrackers High Beta High Yield Bond ETF (HYUP). 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.
| ASHS | HYUP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.22 | ||
| Sortino ratioReturn per unit of downside risk | +1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 2.03 | +2.39 |
| Martin ratioReturn relative to average drawdown | 13.82 | 8.63 | +5.19 |
Loading charts...
Drawdowns
ASHS vs. HYUP - Drawdown Comparison
The maximum ASHS drawdown since its inception was -69.90%, which is greater than HYUP's maximum drawdown of -24.79%. Use the drawdown chart below to compare losses from any high point for ASHS and HYUP.
Loading charts...
Drawdown Indicators
| ASHS | HYUP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.90% | -24.79% | -45.11% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -3.05% | -10.98% |
Max Drawdown (3Y)Largest decline over 3 years | -34.13% | -6.03% | -28.10% |
Max Drawdown (5Y)Largest decline over 5 years | -47.81% | -18.06% | -29.75% |
Max Drawdown (10Y)Largest decline over 10 years | -47.81% | — | — |
Current DrawdownCurrent decline from peak | -30.13% | -0.46% | -29.67% |
Average DrawdownAverage peak-to-trough decline | -48.48% | -3.40% | -45.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 0.72% | +3.76% |
Volatility
ASHS vs. HYUP - Volatility Comparison
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) has a higher volatility of 7.73% compared to Xtrackers High Beta High Yield Bond ETF (HYUP) at 1.12%. This indicates that ASHS's price experiences larger fluctuations and is considered to be riskier than HYUP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ASHS | HYUP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.73% | 1.12% | +6.61% |
Volatility (6M)Calculated over the trailing 6-month period | 17.91% | 3.42% | +14.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 4.27% | +19.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.60% | 8.29% | +18.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.59% | 9.72% | +15.87% |
ASHS vs. HYUP - Expense Ratio Comparison
ASHS has a 0.65% expense ratio, which is higher than HYUP's 0.20% expense ratio.
Dividends
ASHS vs. HYUP - Dividend Comparison
ASHS has not paid dividends to shareholders, while HYUP's dividend yield for the trailing twelve months is around 7.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 0.00% | 0.00% | 0.69% | 0.65% | 1.90% | 0.76% | 0.43% | 0.57% | 0.00% | 0.00% | 0.00% | 8.34% |
HYUP Xtrackers High Beta High Yield Bond ETF | 7.32% | 7.44% | 7.78% | 7.48% | 7.15% | 6.19% | 6.89% | 6.77% | 6.98% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASHS and HYUP have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASHS has higher volatility (7.73%) compared to HYUP (1.12%). In terms of maximum drawdown, ASHS dropped -69.90% vs HYUP's -24.79%.
On 5-year performance, ASHS leads with 4.93% vs 4.24% for HYUP. On fees, HYUP is cheaper at 0.20% per year. On volatility, HYUP has been the lower-risk option at 1.12%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ASHS has performed better with a 4.93% return vs 4.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYUP is cheaper with a 0.20% expense ratio, compared with 0.65% for ASHS.
HYUP has the higher dividend yield at 7.32%, compared with 0.00% for ASHS.
ASHS is categorized as China Equities, while HYUP is High Yield Bonds. ASHS tracks CSI 500 Index, while HYUP tracks Solactive USD High Yield Corporates Total Market High Beta Index. Their fees differ too: 0.65% for ASHS and 0.20% for HYUP.
ASHS currently has the higher Sharpe Ratio (2.67 vs 1.45), 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 ASHS and HYUP
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