CHAU vs. ASHR
Compare and contrast key facts about Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR).
CHAU and ASHR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHAU is a passively managed fund by Direxion that tracks the performance of the CSI 300 Index (200%). It was launched on Apr 16, 2015. ASHR is a passively managed fund by DWS that tracks the performance of the CSI 300 Index. It was launched on Nov 6, 2013. Both CHAU and ASHR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHAU or ASHR.
Key characteristics
| CHAU | ASHR | |
|---|---|---|
| YTD Return | 3.21% | 3.05% |
| 1Y Return | -29.29% | -12.77% |
| 3Y Return (Ann) | -28.14% | -13.36% |
| 5Y Return (Ann) | -8.39% | -1.76% |
| Sharpe Ratio | -0.85 | -0.75 |
| Daily Std Dev | 35.84% | 18.05% |
| Max Drawdown | -79.21% | -51.30% |
| Current Drawdown | -73.55% | -44.47% |
Correlation
The correlation between CHAU and ASHR is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CHAU vs. ASHR - Performance Comparison
The year-to-date returns for both stocks are quite close, with CHAU having a 3.21% return and ASHR slightly lower at 3.05%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CHAU vs. ASHR - Expense Ratio Comparison
CHAU has a 1.21% expense ratio, which is higher than ASHR's 0.65% expense ratio.
Risk-Adjusted Performance
CHAU vs. ASHR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) and Xtrackers Harvest CSI 300 China A-Shares Fund (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.
Dividends
CHAU vs. ASHR - Dividend Comparison
CHAU's dividend yield for the trailing twelve months is around 3.49%, more than ASHR's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CHAU Direxion Daily CSI 300 China A Share Bull 2x Shares | 3.49% | 3.97% | 0.77% | 1.73% | 0.09% | 0.58% | 0.83% | 0.00% | 0.00% | 0.00% | 0.00% |
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.40% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% | 0.27% |
Drawdowns
CHAU vs. ASHR - Drawdown Comparison
The maximum CHAU drawdown since its inception was -79.21%, which is greater than ASHR's maximum drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for CHAU and ASHR. For additional features, visit the drawdowns tool.
Volatility
CHAU vs. ASHR - Volatility Comparison
Direxion Daily CSI 300 China A Share Bull 2x Shares (CHAU) has a higher volatility of 9.86% compared to Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) at 4.92%. This indicates that CHAU's price experiences larger fluctuations and is considered to be riskier than ASHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.