ASHX vs. ASHS

Last updated Aug 1, 2026

ASHX (Xtrackers MSCI China A Inclusion Equity ETF) and ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) are both China Equities funds from Deutsche Bank - ASHX tracks the MSCI China A Inclusion Index while ASHS tracks the CSI 500 Index. Both are passively managed. Their 0.62 correlation means they have sometimes moved together and sometimes differently. ASHX charges 0.60%/yr vs 0.65%/yr for ASHS.

Performance

ASHX vs. ASHS - Performance Comparison

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

Returns By Period

ASHX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

ASHS

• 1D: 1.43%
• 1M: -11.80%
• 6M: -5.14%
• YTD: 5.42%
• 1Y: 31.86%
• 3Y*: 10.54%
• 5Y*: 2.02%
• 10Y*: 2.41%
• ALL TIME*: 5.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	$378.39K	$628.93K	$596.17K

ASHX vs. ASHS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.27%	-13.59%	-26.45%	2.64%	42.24%	35.03%	-27.51%	20.14%
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	5.42%	39.48%	2.68%	-10.03%	-24.78%	17.66%	28.22%	24.53%	-35.91%	7.90%

Correlation

The correlation between ASHX and ASHS is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.30
Correlation (5Y) Shows whether the relationship held over a longer period.	0.55
Correlation (10Y) Provides a long-term view across more market conditions.	0.63
Correlation (All Time) Calculated using the full available price history since Oct 20, 2015	0.62

The correlation between ASHX and ASHS shifts across timeframes, from 0.30 (3 years) to 0.63 (10 years), reflecting how their relationship changes across market environments.

ASHX vs. ASHS - Sectors Allocation Comparison

Sectors	ASHX	ASHS
Financial Services	19.6%	6.4%
Industrials	16.0%	16.8%
Consumer Defensive	14.3%	1.9%
Technology	14.1%	31.6%
Basic Materials	9.6%	16.8%
Healthcare	7.9%	7.8%
Consumer Cyclical	7.1%	5.4%
Utilities	4.3%	2.5%
Energy	4.2%	2.4%
Communication Services	1.5%	1.1%
Real Estate	1.4%	0.6%

Return for Risk

ASHX vs. ASHS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASHX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

ASHS

ASHS Risk / Return Rank: 48
ASHS Sharpe Ratio Rank: 49
ASHS Sortino Ratio Rank: 48
ASHS Omega Ratio Rank: 46
ASHS Calmar Ratio Rank: 51
ASHS Martin Ratio Rank: 48

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASHX vs. ASHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS). 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.

	ASHX	ASHS	Difference
Sharpe ratio: Return per unit of total volatility	—	1.20	—
Sortino ratio: Return per unit of downside risk	—	1.72	—
Omega ratio: Gain probability vs. loss probability	—	1.21	—
Calmar ratio: Return relative to maximum drawdown	—	1.83	—
Martin ratio: Return relative to average drawdown	—	5.53	—

Drawdowns

Drawdown Indicators

	ASHX	ASHS	Difference
Max Drawdown Largest peak-to-trough decline	—	-69.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.46%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-34.13%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-47.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-47.81%	—
Current Drawdown Current decline from peak	—	-39.15%	—
Average Drawdown Average peak-to-trough decline	—	-48.36%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.76%	—

Volatility

Volatility by Period

	ASHX	ASHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	21.30%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	26.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	27.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	25.86%	—

ASHX vs. ASHS - Expense Ratio Comparison

ASHX has a 0.60% expense ratio, which is lower than ASHS's 0.65% expense ratio.

Dividends

ASHX vs. ASHS - Dividend Comparison

Neither ASHX nor ASHS 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%
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.00%	2.38%	1.76%	0.84%	0.80%	1.78%	1.07%	2.48%	19.46%	2.91%

Frequently Asked Questions

Can I hold both ASHX and ASHS in my portfolio?

ASHX and ASHS have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASHX or ASHS?

On fees, ASHX is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASHX or ASHS?

ASHX is cheaper with a 0.60% expense ratio, compared with 0.65% for ASHS.

Which ETF pays a higher dividend yield, ASHX or ASHS?

ASHX and ASHS have nearly identical dividend yields, around 0.00%.

What is the main difference between ASHX and ASHS?

ASHX tracks MSCI China A Inclusion Index, while ASHS tracks CSI 500 Index. Their fees differ too: 0.60% for ASHX and 0.65% for ASHS.