CNXT vs. ASHR
Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR).
CNXT and ASHR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. 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 CNXT 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: CNXT or ASHR.
Key characteristics
| CNXT | ASHR | |
|---|---|---|
| YTD Return | 25.62% | 19.87% |
| 1Y Return | 19.76% | 15.73% |
| 3Y Return (Ann) | -14.36% | -7.87% |
| 5Y Return (Ann) | 3.17% | 0.91% |
| 10Y Return (Ann) | 1.61% | 4.52% |
| Sharpe Ratio | 0.45 | 0.56 |
| Sortino Ratio | 1.09 | 1.00 |
| Omega Ratio | 1.17 | 1.16 |
| Calmar Ratio | 0.34 | 0.32 |
| Martin Ratio | 1.43 | 1.94 |
| Ulcer Index | 16.10% | 8.53% |
| Daily Std Dev | 50.49% | 29.59% |
| Max Drawdown | -68.98% | -51.30% |
| Current Drawdown | -48.59% | -35.41% |
Correlation
The correlation between CNXT and ASHR is 0.84, 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
CNXT vs. ASHR - Performance Comparison
In the year-to-date period, CNXT achieves a 25.62% return, which is significantly higher than ASHR's 19.87% return. Over the past 10 years, CNXT has underperformed ASHR with an annualized return of 1.61%, while ASHR has yielded a comparatively higher 4.52% annualized return. 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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CNXT vs. ASHR - Expense Ratio Comparison
Both CNXT and ASHR have an expense ratio of 0.65%.
Risk-Adjusted Performance
CNXT vs. ASHR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) 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
CNXT vs. ASHR - Dividend Comparison
CNXT has not paid dividends to shareholders, while ASHR's dividend yield for the trailing twelve months is around 2.07%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.00% | 0.00% | 0.00% | 9.23% | 0.01% | 0.45% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% |
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.07% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% | 0.27% |
Drawdowns
CNXT vs. ASHR - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, which is greater than ASHR's maximum drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for CNXT and ASHR. For additional features, visit the drawdowns tool.
Volatility
CNXT vs. ASHR - Volatility Comparison
VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a higher volatility of 30.75% compared to Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) at 18.74%. This indicates that CNXT'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.