ASHX vs. KSTR

Last updated Jun 23, 2026

ASHX (Xtrackers MSCI China A Inclusion Equity ETF) and KSTR (KraneShares SSE STAR Market 50 Index ETF) are both China Equities funds - ASHX tracks the MSCI China A Inclusion Index while KSTR tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. ASHX charges 0.60%/yr vs 0.89%/yr for KSTR.

Performance

ASHX vs. KSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and KraneShares SSE STAR Market 50 Index ETF (KSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ASHX

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

KSTR

• 1D: 1.22%
• 1M: 10.13%
• YTD: 51.37%
• 6M: 53.01%
• 1Y: 113.73%
• 3Y*: 23.99%
• 5Y*: 1.33%
• 10Y*: —

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

ASHX vs. KSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.27%	-13.59%	-26.45%	-4.04%
KSTR KraneShares SSE STAR Market 50 Index ETF	51.37%	42.82%	6.12%	-17.93%	-38.51%	-2.01%

Correlation

The correlation between ASHX and KSTR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.48

The correlation between ASHX and KSTR shifts across timeframes, from 0.30 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.

ASHX vs. KSTR - Sectors Allocation Comparison

Sectors	ASHX	KSTR
Financial Services	19.6%	-
Industrials	16.0%	6.6%
Consumer Defensive	14.3%	-
Technology	14.1%	86.3%
Basic Materials	9.6%	0.6%
Healthcare	7.9%	5.7%
Consumer Cyclical	7.1%	0.9%
Utilities	4.3%	-
Energy	4.2%	0.9%
Communication Services	1.5%	-
Real Estate	1.4%	-

Return for Risk

ASHX vs. KSTR — 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.

KSTR

KSTR Risk / Return Rank: 87
KSTR Sharpe Ratio Rank: 92
KSTR Sortino Ratio Rank: 85
KSTR Omega Ratio Rank: 84
KSTR Calmar Ratio Rank: 93
KSTR Martin Ratio Rank: 82

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. KSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and KraneShares SSE STAR Market 50 Index ETF (KSTR). 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	KSTR	Difference
Sharpe ratio: Return per unit of total volatility	—	3.08	—
Sortino ratio: Return per unit of downside risk	—	3.62	—
Omega ratio: Gain probability vs. loss probability	—	1.48	—
Calmar ratio: Return relative to maximum drawdown	—	6.46	—
Martin ratio: Return relative to average drawdown	—	15.95	—

Drawdowns

Drawdown Indicators

	ASHX	KSTR	Difference
Max Drawdown Largest peak-to-trough decline	—	-66.46%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.46%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-38.49%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.16%	—

Volatility

Volatility by Period

	ASHX	KSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.50%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	37.25%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	38.58%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	37.87%	—

ASHX vs. KSTR - Expense Ratio Comparison

ASHX has a 0.60% expense ratio, which is lower than KSTR's 0.89% expense ratio.

Dividends

ASHX vs. KSTR - Dividend Comparison

Neither ASHX nor KSTR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KSTR KraneShares SSE STAR Market 50 Index 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

Can I hold both ASHX and KSTR in my portfolio?

ASHX and KSTR have a correlation of 0.48, 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 KSTR?

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 KSTR?

ASHX is cheaper with a 0.60% expense ratio, compared with 0.89% for KSTR.

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

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

What is the main difference between ASHX and KSTR?

ASHX tracks MSCI China A Inclusion Index, while KSTR tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: Deutsche Bank and KraneShares. Their fees differ too: 0.60% for ASHX and 0.89% for KSTR.