ASHS vs. ISVBF
ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds - ASHS tracks the CSI 500 Index while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, ASHS returned 4.91%/yr vs -6.16%/yr for ISVBF. At a 0.26 correlation, their price movements are largely independent. ASHS charges 0.65%/yr vs 0.40%/yr for ISVBF.
Performance
ASHS vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, ASHS achieves a 20.07% return, which is significantly higher than ISVBF's -12.61% return.
ASHS
- 1D
- -2.58%
- 1M
- 1.98%
- YTD
- 20.07%
- 6M
- 23.64%
- 1Y
- 63.65%
- 3Y*
- 16.53%
- 5Y*
- 4.91%
- 10Y*
- 4.06%
ISVBF
- 1D
- -1.91%
- 1M
- -3.63%
- YTD
- -12.61%
- 6M
- -13.33%
- 1Y
- -0.84%
- 3Y*
- 8.82%
- 5Y*
- -6.16%
- 10Y*
- —
ASHS vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 20.07% | 39.48% | 2.68% | -10.03% | -24.78% | 15.34% |
ISVBF iShares MSCI China A UCITS ETF | -12.61% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between ASHS and ISVBF is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.26 |
Over the past year, ASHS and ISVBF have become more correlated (0.46) than their long-term average of 0.26, meaning their price movements have been converging.
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Return for Risk
ASHS vs. ISVBF — Risk / Return Rank
ASHS
ISVBF
ASHS vs. ISVBF - 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 iShares MSCI China A UCITS ETF (ISVBF). 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 | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.77 | ||
| Sortino ratioReturn per unit of downside risk | +3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.02 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 4.56 | -0.04 | +4.60 |
| Martin ratioReturn relative to average drawdown | 14.25 | -0.09 | +14.34 |
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Drawdowns
ASHS vs. ISVBF - Drawdown Comparison
The maximum ASHS drawdown since its inception was -69.90%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for ASHS and ISVBF.
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Drawdown Indicators
| ASHS | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.90% | -53.78% | -16.12% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -20.64% | +6.61% |
Max Drawdown (3Y)Largest decline over 3 years | -34.13% | -23.77% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -47.81% | -52.51% | +4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -47.81% | — | — |
Current DrawdownCurrent decline from peak | -30.70% | -29.16% | -1.54% |
Average DrawdownAverage peak-to-trough decline | -48.49% | -32.68% | -15.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.48% | 9.17% | -4.69% |
Volatility
ASHS vs. ISVBF - Volatility Comparison
The current volatility for Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) is 7.72%, while iShares MSCI China A UCITS ETF (ISVBF) has a volatility of 8.35%. This indicates that ASHS experiences smaller price fluctuations and is considered to be less risky than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASHS | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.72% | 8.35% | -0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 17.92% | 27.04% | -9.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.32% | 30.91% | -7.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.60% | 30.31% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.60% | 30.15% | -4.55% |
ASHS vs. ISVBF - Expense Ratio Comparison
ASHS has a 0.65% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
ASHS vs. ISVBF - Dividend Comparison
Neither ASHS nor ISVBF has paid dividends to shareholders.
| 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% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ASHS and ISVBF have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (8.35%) compared to ASHS (7.72%). In terms of maximum drawdown, ASHS dropped -69.90% vs ISVBF's -53.78%.
On 5-year performance, ASHS leads with 4.91% vs -6.16% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ASHS has been the lower-risk option at 7.72%. 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 4.91% return vs -6.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.65% for ASHS.
ASHS and ISVBF have nearly identical dividend yields, around 0.00%.
ASHS tracks CSI 500 Index, while ISVBF tracks MSCI China A Inclusion Index. They also come from different issuers: Deutsche Bank and iShares. Their fees differ too: 0.65% for ASHS and 0.40% for ISVBF.
ASHS currently has the higher Sharpe Ratio (2.74 vs -0.03), 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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