CAS vs. ASHR

Last updated Jul 12, 2026

CAS (Simplify China A Shares PLUS Income ETF) and ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) are both China Equities funds. CAS is actively managed, while ASHR is passively managed. Their correlation of 0.90 suggests significant overlap in exposure. CAS charges 0.88%/yr vs 0.65%/yr for ASHR.

Performance

CAS vs. ASHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -0.94%
• 1M: 2.69%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASHR

• 1D: -1.39%
• 1M: 0.20%
• 6M: 4.34%
• YTD: 7.70%
• 1Y: 28.78%
• 3Y*: 11.44%
• 5Y*: -0.82%
• 10Y*: 4.93%

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

CAS vs. ASHR - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-1.43%
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	-1.50%

Correlation

The correlation between CAS and ASHR is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.90

CAS vs. ASHR - Sectors Allocation Comparison

Sectors	CAS	ASHR
Financial Services	40.5%	19.1%
Basic Materials	-	9.4%
Communication Services	-	0.8%
Consumer Cyclical	-	6.4%
Consumer Defensive	-	6.7%
Energy	-	2.5%
Healthcare	-	4.4%
Industrials	-	16.1%
Real Estate	-	0.4%
Technology	-	31.1%
Utilities	-	3.1%

Return for Risk

CAS vs. ASHR — Risk / Return Rank

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

CAS

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

ASHR

ASHR Risk / Return Rank: 64
ASHR Sharpe Ratio Rank: 57
ASHR Sortino Ratio Rank: 56
ASHR Omega Ratio Rank: 54
ASHR Calmar Ratio Rank: 85
ASHR Martin Ratio Rank: 70

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.

CAS vs. ASHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR). 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.

	CAS	ASHR	Difference
Sharpe ratio: Return per unit of total volatility	—	1.53	—
Sortino ratio: Return per unit of downside risk	—	2.17	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	3.73	—
Martin ratio: Return relative to average drawdown	—	10.21	—

Drawdowns

CAS vs. ASHR - Drawdown Comparison

The maximum CAS drawdown since its inception was -7.26%, smaller than the maximum ASHR drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for CAS and ASHR.

Drawdown Indicators

	CAS	ASHR	Difference
Max Drawdown Largest peak-to-trough decline	-7.26%	-51.30%	+44.04%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.10%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.30%	—
Current Drawdown Current decline from peak	-4.94%	-17.48%	+12.54%
Average Drawdown Average peak-to-trough decline	-2.90%	-29.08%	+26.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.81%	—

Volatility

Volatility by Period

	CAS	ASHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	8.35%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.11%	—
Volatility (1Y) Calculated over the trailing 1-year period	30.04%	18.75%	+11.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.04%	24.07%	+5.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.04%	24.15%	+5.89%

CAS vs. ASHR - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is higher than ASHR's 0.65% expense ratio.

Dividends

CAS vs. ASHR - Dividend Comparison

CAS's dividend yield for the trailing twelve months is around 0.36%, less than ASHR's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	2.14%	2.31%	1.13%	2.48%	1.13%	0.88%	0.81%	0.98%	1.32%	0.84%	0.73%	30.13%
CAS Simplify China A Shares PLUS Income ETF	0.36%	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 CAS and ASHR in my portfolio?

With a correlation of 0.90, CAS and ASHR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, CAS or ASHR?

On fees, ASHR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or ASHR?

ASHR is cheaper with a 0.65% expense ratio, compared with 0.88% for CAS.

Which ETF pays a higher dividend yield, CAS or ASHR?

ASHR has the higher dividend yield at 2.14%, compared with 0.36% for CAS.

What is the main difference between CAS and ASHR?

They also come from different issuers: Simplify and DWS. Their fees differ too: 0.88% for CAS and 0.65% for ASHR.