CHIQ vs. ASHR

Last updated Jun 4, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and ASHR (Xtrackers Harvest CSI 300 China A-Shares Fund) are both China Equities funds - CHIQ tracks the MSCI China Consumer Discretionary 10/50 Index while ASHR tracks the CSI 300 Index. Both are passively managed. Over the past 10 years, CHIQ returned 6.73%/yr vs 5.38%/yr for ASHR. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.65% expense ratio.

Performance

CHIQ vs. ASHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI China Consumer Discretionary ETF (CHIQ) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHIQ achieves a -13.71% return, which is significantly lower than ASHR's 10.11% return. Over the past 10 years, CHIQ has outperformed ASHR with an annualized return of 6.73%, while ASHR has yielded a comparatively lower 5.38% annualized return.

CHIQ

• 1D: -2.91%
• 1M: -7.37%
• YTD: -13.71%
• 6M: -15.32%
• 1Y: -12.29%
• 3Y*: 3.13%
• 5Y*: -10.45%
• 10Y*: 6.73%

ASHR

• 1D: -0.14%
• 1M: 3.02%
• YTD: 10.11%
• 6M: 13.67%
• 1Y: 39.07%
• 3Y*: 12.07%
• 5Y*: -1.24%
• 10Y*: 5.38%

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

CHIQ vs. ASHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHIQ Global X MSCI China Consumer Discretionary ETF	-13.71%	13.69%	10.74%	-10.70%	-22.01%	-27.07%	92.61%	44.19%	-28.65%	67.74%
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund	10.11%	27.02%	11.95%	-12.52%	-27.52%	-1.57%	36.29%	36.50%	-28.45%	33.47%

Correlation

The correlation between CHIQ and ASHR is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (10Y) Calculated over the trailing 10-year period	0.70
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013	0.68

The correlation between CHIQ and ASHR has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

CHIQ vs. ASHR - Sectors Allocation Comparison

Sectors	CHIQ	ASHR
Consumer Cyclical	96.1%	6.7%
Consumer Defensive	3.2%	7.3%
Real Estate	0.4%	0.5%
Industrials	0.2%	16.7%
Basic Materials	-	10.7%
Communication Services	-	0.8%
Energy	-	2.7%
Financial Services	-	20.4%
Healthcare	-	4.9%
Technology	-	26.3%
Utilities	-	3.0%

Return for Risk

CHIQ vs. ASHR — Risk / Return Rank

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

CHIQ

CHIQ Risk / Return Rank: 4
CHIQ Sharpe Ratio Rank: 4
CHIQ Sortino Ratio Rank: 4
CHIQ Omega Ratio Rank: 4
CHIQ Calmar Ratio Rank: 5
CHIQ Martin Ratio Rank: 4

ASHR

ASHR Risk / Return Rank: 75
ASHR Sharpe Ratio Rank: 70
ASHR Sortino Ratio Rank: 70
ASHR Omega Ratio Rank: 67
ASHR Calmar Ratio Rank: 87
ASHR Martin Ratio Rank: 79

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.

CHIQ vs. ASHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) 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.

	CHIQ	ASHR	Difference
Sharpe ratio: Return per unit of total volatility	-0.55	2.33	-2.88
Sortino ratio: Return per unit of downside risk	-0.66	3.23	-3.89
Omega ratio: Gain probability vs. loss probability	0.93	1.41	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.47	5.10	-5.57
Martin ratio: Return relative to average drawdown	-1.02	15.76	-16.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHIQ vs. ASHR - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -0.55, which is lower than the ASHR Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of CHIQ and ASHR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHIQ	ASHR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.55	2.33	-2.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.28	-0.05	-0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.22	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.23	-0.15

Drawdowns

CHIQ vs. ASHR - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, which is greater than ASHR's maximum drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for CHIQ and ASHR.

Drawdown Indicators

	CHIQ	ASHR	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-51.30%	-15.74%
Max Drawdown (1Y) Largest decline over 1 year	-26.10%	-7.69%	-18.41%
Max Drawdown (3Y) Largest decline over 3 years	-29.67%	-33.12%	+3.45%
Max Drawdown (5Y) Largest decline over 5 years	-59.95%	-45.76%	-14.19%
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	-51.30%	-15.74%
Current Drawdown Current decline from peak	-54.73%	-15.63%	-39.10%
Average Drawdown Average peak-to-trough decline	-30.61%	-29.18%	-1.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.12%	2.49%	+9.63%

Volatility

CHIQ vs. ASHR - Volatility Comparison

Global X MSCI China Consumer Discretionary ETF (CHIQ) has a higher volatility of 7.26% compared to Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) at 5.87%. This indicates that CHIQ'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.

Volatility by Period

	CHIQ	ASHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.26%	5.87%	+1.39%
Volatility (6M) Calculated over the trailing 6-month period	15.80%	11.53%	+4.27%
Volatility (1Y) Calculated over the trailing 1-year period	22.49%	16.84%	+5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.72%	23.89%	+13.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.44%	24.06%	+8.38%

CHIQ vs. ASHR - Expense Ratio Comparison

Both CHIQ and ASHR have an expense ratio of 0.65%.

Dividends

CHIQ vs. ASHR - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.71%, less than ASHR's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund	2.10%	2.31%	1.13%	2.48%	1.13%	0.88%	0.81%	0.98%	1.32%	0.84%	0.73%	30.13%
CHIQ Global X MSCI China Consumer Discretionary ETF	1.71%	1.48%	2.65%	2.26%	0.38%	0.00%	0.11%	1.05%	2.71%	0.62%	1.51%	4.86%

Frequently Asked Questions

Can I hold both CHIQ and ASHR in my portfolio?

CHIQ and ASHR have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHIQ or ASHR?

CHIQ has higher volatility (7.26%) compared to ASHR (5.87%). In terms of maximum drawdown, CHIQ dropped -67.04% vs ASHR's -51.30%.

Which ETF is better, CHIQ or ASHR?

On 10-year performance, CHIQ leads with 6.73% vs 5.38% for ASHR. Both ETFs have the same 0.65% expense ratio. On volatility, ASHR has been the lower-risk option at 5.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHIQ or ASHR?

Over the 10-year period, CHIQ has performed better with a 6.73% return vs 5.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or ASHR?

CHIQ and ASHR have the same expense ratio: 0.65% per year.

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

ASHR has the higher dividend yield at 2.10%, compared with 1.71% for CHIQ.

What is the main difference between CHIQ and ASHR?

CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while ASHR tracks CSI 300 Index. They also come from different issuers: Global X and DWS.

Which has better risk-adjusted returns?

ASHR currently has the higher Sharpe Ratio (2.33 vs -0.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.