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ASHX vs. CNYA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ASHX vs. CNYA

Last updated Jun 23, 2026

ASHX (Xtrackers MSCI China A Inclusion Equity ETF) and CNYA (iShares MSCI China A ETF) are both China Equities funds tracking the MSCI China A Inclusion Index, from Deutsche Bank and iShares respectively. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

ASHX vs. CNYA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and iShares MSCI China A ETF (CNYA). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

ASHX

1D
—
1M
—
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

CNYA

1D
2.38%
1M
4.73%
YTD
12.12%
6M
13.24%
1Y
41.13%
3Y*
13.23%
5Y*
0.25%
10Y*
6.81%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ASHX vs. CNYA - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
CNYA
iShares MSCI China A ETF		12.12%26.48%10.78%-13.76%-26.51%3.53%41.54%35.95%-26.56%30.99%

Correlation

The correlation between ASHX and CNYA is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (3Y)
Calculated over the trailing 3-year period

0.40

Correlation (5Y)
Calculated over the trailing 5-year period

0.69

Correlation (10Y)
Calculated over the trailing 10-year period

0.74

Correlation (All Time)
Calculated using the full available price history since Jun 15, 2016

0.74

The correlation between ASHX and CNYA shifts across timeframes, from 0.40 (3 years) to 0.74 (10 years), reflecting how their relationship changes across market environments.

ASHX vs. CNYA - Sectors Allocation Comparison

Sectors
ASHX
CNYA

Financial Services

19.6%
17.6%

Industrials

16.0%
15.4%

Consumer Defensive

14.3%
6.8%

Technology

14.1%
31.7%

Basic Materials

9.6%
11.2%

Healthcare

7.9%
3.9%

Consumer Cyclical

7.1%
5.2%

Utilities

4.3%
3.3%

Energy

4.2%
3.1%

Communication Services

1.5%
1.3%

Real Estate

1.4%
0.6%

Financial Services

ASHX
19.6%
CNYA
17.6%

Industrials

ASHX
16.0%
CNYA
15.4%

Consumer Defensive

ASHX
14.3%
CNYA
6.8%

Technology

ASHX
14.1%
CNYA
31.7%

Basic Materials

ASHX
9.6%
CNYA
11.2%

Healthcare

ASHX
7.9%
CNYA
3.9%

Consumer Cyclical

ASHX
7.1%
CNYA
5.2%

Utilities

ASHX
4.3%
CNYA
3.3%

Energy

ASHX
4.2%
CNYA
3.1%

Communication Services

ASHX
1.5%
CNYA
1.3%

Real Estate

ASHX
1.4%
CNYA
0.6%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers MSCI China A Inclusion Equity ETF

iShares MSCI China A ETF

Often compared with ASHX:
ASHX vs. FLCHASHX vs. ASHRASHX vs. VOOASHX vs. MCHIASHX vs. CNXTASHX vs. NBCEASHX vs. CN
Often compared with CNYA:
CNYA vs. MCHICNYA vs. ASHRCNYA vs. ICHN.ASCNYA vs. KBACNYA vs. FLCHCNYA vs. ICGA.DECNYA vs. GXC

Return for Risk

ASHX vs. CNYA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

CNYA
CNYA Risk / Return Rank: 7777
Overall Rank
CNYA Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
CNYA Sortino Ratio Rank: 7272
Sortino Ratio Rank
CNYA Omega Ratio Rank: 7171
Omega Ratio Rank
CNYA Calmar Ratio Rank: 9191
Calmar Ratio Rank
CNYA Martin Ratio Rank: 7979
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.

ASHX vs. CNYA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and iShares MSCI China A ETF (CNYA). 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.

ASHXCNYADifference
Sharpe ratioReturn per unit of total volatility

—

2.29

—

Sortino ratioReturn per unit of downside risk

—

3.09

—

Omega ratioGain probability vs. loss probability

—

1.41

—

Calmar ratioReturn relative to maximum drawdown

—

5.44

—

Martin ratioReturn relative to average drawdown

—

14.99

—

ASHX vs. CNYA - Sharpe Ratio Comparison

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Drawdowns

ASHX vs. CNYA - Drawdown Comparison

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Drawdown Indicators

ASHXCNYADifference

Max Drawdown

Largest peak-to-trough decline

—

-49.49%

—

Max Drawdown (1Y)

Largest decline over 1 year

—

-7.59%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-33.35%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-44.65%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-49.49%

—

Current Drawdown

Current decline from peak

—

-11.18%

—

Average Drawdown

Average peak-to-trough decline

—

-20.65%

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.75%

—

Volatility

ASHX vs. CNYA - Volatility Comparison

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Volatility by Period

ASHXCNYADifference

Volatility (1M)

Calculated over the trailing 1-month period

—

6.78%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

13.22%

—

Volatility (1Y)

Calculated over the trailing 1-year period

—

18.11%

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

—

23.88%

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

—

23.51%

—

ASHX vs. CNYA - Expense Ratio Comparison

Both ASHX and CNYA have an expense ratio of 0.60%.

Dividends

ASHX vs. CNYA - Dividend Comparison

ASHX has not paid dividends to shareholders, while CNYA's dividend yield for the trailing twelve months is around 1.68%.

PositionTTM20252024202320222021202020192018201720162015
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%
CNYA
iShares MSCI China A ETF		1.68%1.92%2.51%4.23%2.69%1.11%1.06%1.21%3.92%0.97%1.38%0.00%

Frequently Asked Questions

ASHX and CNYA have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

ASHX and CNYA have the same expense ratio: 0.60% per year.

CNYA has the higher dividend yield at 1.68%, compared with 0.00% for ASHX.

Both ETFs track MSCI China A Inclusion Index. They also come from different issuers: Deutsche Bank and iShares.

Portfolio Optimizer

Find the right allocation for ASHX and CNYA

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