CNYA vs. ASHR
Compare and contrast key facts about iShares MSCI China A ETF (CNYA) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR).
CNYA and ASHR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. 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 CNYA 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: CNYA or ASHR.
Key characteristics
| CNYA | ASHR | |
|---|---|---|
| YTD Return | 4.07% | 4.27% |
| 1Y Return | -12.63% | -12.38% |
| 3Y Return (Ann) | -11.41% | -12.59% |
| 5Y Return (Ann) | 1.45% | -0.37% |
| Sharpe Ratio | -0.73 | -0.71 |
| Daily Std Dev | 18.11% | 18.21% |
| Max Drawdown | -49.49% | -51.30% |
| Current Drawdown | -41.17% | -43.82% |
Correlation
The correlation between CNYA and ASHR is 0.93, 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
CNYA vs. ASHR - Performance Comparison
The year-to-date returns for both investments are quite close, with CNYA having a 4.07% return and ASHR slightly higher at 4.27%. 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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CNYA vs. ASHR - Expense Ratio Comparison
CNYA has a 0.60% expense ratio, which is lower than ASHR's 0.65% expense ratio.
Risk-Adjusted Performance
CNYA vs. ASHR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A ETF (CNYA) 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
CNYA vs. ASHR - Dividend Comparison
CNYA's dividend yield for the trailing twelve months is around 4.06%, more than ASHR's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
CNYA iShares MSCI China A ETF | 4.06% | 4.23% | 2.69% | 1.11% | 1.06% | 1.21% | 3.92% | 0.97% | 1.38% | 0.00% | 0.00% |
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.38% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% | 0.27% |
Drawdowns
CNYA vs. ASHR - Drawdown Comparison
The maximum CNYA drawdown since its inception was -49.49%, roughly equal to the maximum ASHR drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for CNYA and ASHR. For additional features, visit the drawdowns tool.
Volatility
CNYA vs. ASHR - Volatility Comparison
iShares MSCI China A ETF (CNYA) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) have volatilities of 5.81% and 5.64%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.