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CAS vs. ASHS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CAS vs. ASHS

Last updated Aug 2, 2026
Documentation

CAS (Simplify China A Shares PLUS Income ETF) and ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) are both China Equities funds. CAS is actively managed, while ASHS is passively managed. Their correlation of 0.95 means they have usually moved in the same direction. CAS charges 0.88%/yr vs 0.65%/yr for ASHS.

Performance

CAS vs. ASHS - 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 500 China A-Shares Small Cap ETF (ASHS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

CAS

1D
1.08%
1M
-11.07%
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

PositionAvg. 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

CAS

Simplify China A Shares PLUS Income ETF
$38.47K$52.48K$79.55K

CAS vs. ASHS - Yearly Performance Comparison

2026 (YTD)
CAS
Simplify China A Shares PLUS Income ETF		-11.11%
ASHS
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF		-10.17%

Correlation

The correlation between CAS and ASHS is 0.95, meaning they have usually moved in the same direction, including during past declines.

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

0.95

CAS vs. ASHS - Sectors Allocation Comparison

Sectors
CAS
ASHS

Financial Services

46.5%
6.4%

Basic Materials

-

16.8%

Communication Services

-

1.1%

Consumer Cyclical

-

5.4%

Consumer Defensive

-

1.9%

Energy

-

2.4%

Healthcare

-

7.8%

Industrials

-

16.8%

Real Estate

-

0.6%

Technology

-

31.6%

Utilities

-

2.5%

Financial Services

CAS
46.5%
ASHS
6.4%

Basic Materials

CAS

-

ASHS
16.8%

Communication Services

CAS

-

ASHS
1.1%

Consumer Cyclical

CAS

-

ASHS
5.4%

Consumer Defensive

CAS

-

ASHS
1.9%

Energy

CAS

-

ASHS
2.4%

Healthcare

CAS

-

ASHS
7.8%

Industrials

CAS

-

ASHS
16.8%

Real Estate

CAS

-

ASHS
0.6%

Technology

CAS

-

ASHS
31.6%

Utilities

CAS

-

ASHS
2.5%

Compare stocks, funds, or ETFs

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Simplify China A Shares PLUS Income ETF

Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF

Often compared with CAS:
CAS vs. DRGNCAS vs. RSBYCAS vs. ASHRCAS vs. FCACAS vs. ISVBFCAS vs. CNYACAS vs. CTA
Often compared with ASHS:
ASHS vs. ASHRASHS vs. ECNSASHS vs. FXIASHS vs. CNYAASHS vs. KBAASHS vs. KGRNASHS vs. FLCH

Return for Risk

CAS vs. ASHS — Risk / Return Rank

Compare historical risk-adjusted metric ranks 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.

ASHS
ASHS Risk / Return Rank: 4848
Overall Rank
ASHS Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
ASHS Sortino Ratio Rank: 4848
Sortino Ratio Rank
ASHS Omega Ratio Rank: 4646
Omega Ratio Rank
ASHS Calmar Ratio Rank: 5151
Calmar Ratio Rank
ASHS Martin Ratio Rank: 4848
Martin Ratio Rank
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.

CAS vs. ASHS - 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 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.

CASASHSDifference
Sharpe ratioReturn per unit of total volatility

—

1.20

—

Sortino ratioReturn per unit of downside risk

—

1.72

—

Omega ratioGain probability vs. loss probability

—

1.21

—

Calmar ratioReturn relative to maximum drawdown

—

1.83

—

Martin ratioReturn relative to average drawdown

—

5.53

—

CAS vs. ASHS - Sharpe Ratio Comparison

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Drawdowns

CAS vs. ASHS - Drawdown Comparison

The maximum CAS drawdown since its inception was -15.89%, smaller than the maximum ASHS drawdown of -69.90%. Use the drawdown chart below to compare losses from any high point for CAS and ASHS.

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Drawdown Indicators

CASASHSDifference

Max Drawdown

Largest peak-to-trough decline

-15.89%

-69.90%

+54.01%

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

-14.28%

-39.15%

+24.87%

Average Drawdown

Average peak-to-trough decline

-6.19%

-48.36%

+42.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

5.76%

—

Volatility

CAS vs. ASHS - Volatility Comparison

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Volatility by Period

CASASHSDifference

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

33.97%

26.59%

+7.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

33.97%

27.11%

+6.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

33.97%

25.86%

+8.11%

CAS vs. ASHS - Expense Ratio Comparison

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

Dividends

CAS vs. ASHS - Dividend Comparison

CAS's dividend yield for the trailing twelve months is around 2.46%, while ASHS has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
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%
CAS
Simplify China A Shares PLUS Income ETF		2.46%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

With a correlation of 0.95, CAS and ASHS 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.

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

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

CAS has the higher dividend yield at 2.46%, compared with 0.00% for ASHS.

They also come from different issuers: Simplify and Deutsche Bank. Their fees differ too: 0.88% for CAS and 0.65% for ASHS.

Portfolio Optimizer

Find the right allocation for CAS and ASHS

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