ASHX vs. NBCE

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI China A Inclusion Equity ETF (ASHX) and Neuberger Berman China Equity ETF (NBCE).

ASHX and NBCE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASHX is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI China A Inclusion Index. It was launched on Oct 20, 2015. NBCE is an actively managed fund by Neuberger Berman. It was launched on Oct 13, 2023.

Performance

ASHX vs. NBCE - Performance Comparison

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

ASHX vs. NBCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.27%	-2.31%
NBCE Neuberger Berman China Equity ETF	3.33%	39.08%	3.35%	-2.22%

Returns By Period

ASHX

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

NBCE

• 1D: 0.92%
• 1M: -6.23%
• YTD: 3.33%
• 6M: 4.66%
• 1Y: 32.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASHX vs. NBCE - Expense Ratio Comparison

ASHX has a 0.60% expense ratio, which is lower than NBCE's 0.74% expense ratio.

NBCE

Neuberger Berman China Equity ETF

ASHX

Xtrackers MSCI China A Inclusion Equity ETF

Return for Risk

ASHX vs. NBCE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NBCE

NBCE Risk / Return Rank: 82
NBCE Sharpe Ratio Rank: 82
NBCE Sortino Ratio Rank: 79
NBCE Omega Ratio Rank: 80
NBCE Calmar Ratio Rank: 82
NBCE Martin Ratio Rank: 86

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. NBCE - Risk-Adjusted Trends Comparison

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

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

Sharpe Ratios by Period

	ASHX	NBCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.68	—

Correlation

The correlation between ASHX and NBCE is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ASHX vs. NBCE - Dividend Comparison

ASHX has not paid dividends to shareholders, while NBCE's dividend yield for the trailing twelve months is around 1.28%.

	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%
NBCE Neuberger Berman China Equity ETF	1.28%	1.32%	1.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	ASHX	NBCE	Difference
Max Drawdown Largest peak-to-trough decline	—	-28.42%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.27%	—
Current Drawdown Current decline from peak	—	-7.12%	—
Average Drawdown Average peak-to-trough decline	—	-9.67%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.14%	—

Volatility

Volatility by Period

	ASHX	NBCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.37%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	24.20%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	24.20%	—