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ASHS vs. YANG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ASHS vs. YANG

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) and Direxion Daily China 3x Bear Shares (YANG).

ASHS and YANG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASHS is a passively managed fund by Deutsche Bank that tracks the performance of the CSI 500 Index. It was launched on May 21, 2014. 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 ASHS 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

ASHS vs. YANG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) and Direxion Daily China 3x Bear Shares (YANG). The values are adjusted to include any dividend payments, if applicable.

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ASHS vs. YANG - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ASHS
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF		4.66%39.48%2.68%-10.03%-24.78%17.66%28.22%24.53%-35.91%7.90%
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, ASHS achieves a 4.66% return, which is significantly lower than YANG's 16.89% return. Over the past 10 years, ASHS has outperformed YANG with an annualized return of 2.07%, while YANG has yielded a comparatively lower -39.27% annualized return.

ASHS

1D
0.31%
1M
-11.46%
YTD
4.66%
6M
7.27%
1Y
40.76%
3Y*
7.63%
5Y*
3.78%
10Y*
2.07%

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 500 China A-Shares Small Cap ETF

Direxion Daily China 3x Bear Shares

Often compared with ASHS:
ASHS vs. ASHRASHS vs. ECNSASHS vs. FXIASHS vs. KGRNASHS vs. FLCHASHS vs. KBAASHS vs. VOO
Often compared with YANG:
YANG vs. YINNYANG vs. CWEBYANG vs. GLLYANG vs. TYOYANG vs. KLIPYANG vs. FXPYANG vs. EDZ

ASHS vs. YANG - Expense Ratio Comparison

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

YANG
Direxion Daily China 3x Bear Shares
ASHS
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF

Return for Risk

ASHS vs. YANG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ASHS
ASHS Risk / Return Rank: 8585
Overall Rank
ASHS Sharpe Ratio Rank: 8585
Sharpe Ratio Rank
ASHS Sortino Ratio Rank: 8383
Sortino Ratio Rank
ASHS Omega Ratio Rank: 8383
Omega Ratio Rank
ASHS Calmar Ratio Rank: 8989
Calmar Ratio Rank
ASHS Martin Ratio Rank: 8787
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.

ASHS vs. YANG - 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 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.

ASHSYANGDifference

Sharpe ratio

Return per unit of total volatility

1.70

-0.33

+2.04

Sortino ratio

Return per unit of downside risk

2.16

-0.03

+2.20

Omega ratio

Gain probability vs. loss probability

1.32

1.00

+0.32

Calmar ratio

Return relative to maximum drawdown

2.85

-0.35

+3.19

Martin ratio

Return relative to average drawdown

10.16

-0.42

+10.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASHS vs. YANG - Sharpe Ratio Comparison

The current ASHS Sharpe Ratio is 1.70, which is higher than the YANG Sharpe Ratio of -0.33. The chart below compares the historical Sharpe Ratios of ASHS 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

ASHSYANGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.70

-0.33

+2.04

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.15

-0.36

+0.51

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.08

-0.48

+0.56

Sharpe Ratio (All Time)

Calculated using the full available price history

0.17

-0.49

+0.66

Correlation

The correlation between ASHS and YANG is -0.59. 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

ASHS vs. YANG - Dividend Comparison

ASHS has not paid dividends to shareholders, while YANG's dividend yield for the trailing twelve months is around 3.49%.

TTM20252024202320222021202020192018201720162015
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%
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

ASHS vs. YANG - Drawdown Comparison

The maximum ASHS drawdown since its inception was -69.90%, smaller than the maximum YANG drawdown of -99.98%. Use the drawdown chart below to compare losses from any high point for ASHS and YANG.

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Drawdown Indicators

ASHSYANGDifference

Max Drawdown

Largest peak-to-trough decline

-69.90%

-99.98%

+30.08%

Max Drawdown (1Y)

Largest decline over 1 year

-14.03%

-68.02%

+53.99%

Max Drawdown (5Y)

Largest decline over 5 years

-47.81%

-97.38%

+49.57%

Max Drawdown (10Y)

Largest decline over 10 years

-47.81%

-99.60%

+51.79%

Current Drawdown

Current decline from peak

-39.59%

-99.97%

+60.38%

Average Drawdown

Average peak-to-trough decline

-48.78%

-90.42%

+41.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.93%

56.91%

-52.98%

Volatility

ASHS vs. YANG - Volatility Comparison

The current volatility for Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) is 8.57%, while Direxion Daily China 3x Bear Shares (YANG) has a volatility of 20.49%. This indicates that ASHS 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

ASHSYANGDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.57%

20.49%

-11.92%

Volatility (6M)

Calculated over the trailing 6-month period

16.21%

43.25%

-27.04%

Volatility (1Y)

Calculated over the trailing 1-year period

24.04%

71.53%

-47.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

26.08%

94.41%

-68.33%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.64%

82.23%

-56.59%