GXC vs. ASHR
Compare and contrast key facts about SPDR S&P China ETF (GXC) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR).
GXC and ASHR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GXC is a passively managed fund by State Street that tracks the performance of the S&P China BMI Index. It was launched on Mar 19, 2007. 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 GXC 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: GXC or ASHR.
Key characteristics
| GXC | ASHR | |
|---|---|---|
| YTD Return | 3.01% | 4.27% |
| 1Y Return | -8.05% | -12.44% |
| 3Y Return (Ann) | -16.98% | -13.04% |
| 5Y Return (Ann) | -5.26% | -1.66% |
| 10Y Return (Ann) | 1.99% | 4.92% |
| Sharpe Ratio | -0.32 | -0.64 |
| Daily Std Dev | 23.22% | 18.05% |
| Max Drawdown | -72.16% | -51.30% |
| Current Drawdown | -51.43% | -43.82% |
Correlation
The correlation between GXC and ASHR is 0.75, 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
GXC vs. ASHR - Performance Comparison
In the year-to-date period, GXC achieves a 3.01% return, which is significantly lower than ASHR's 4.27% return. Over the past 10 years, GXC has underperformed ASHR with an annualized return of 1.99%, while ASHR has yielded a comparatively higher 4.92% 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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GXC vs. ASHR - Expense Ratio Comparison
GXC has a 0.59% expense ratio, which is lower than ASHR's 0.65% expense ratio.
Risk-Adjusted Performance
GXC vs. ASHR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) 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
GXC vs. ASHR - Dividend Comparison
GXC's dividend yield for the trailing twelve months is around 3.59%, more than ASHR's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 3.59% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
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% | 0.00% |
Drawdowns
GXC vs. ASHR - Drawdown Comparison
The maximum GXC drawdown since its inception was -72.16%, which is greater than ASHR's maximum drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for GXC and ASHR. For additional features, visit the drawdowns tool.
Volatility
GXC vs. ASHR - Volatility Comparison
SPDR S&P China ETF (GXC) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) have volatilities of 4.90% and 5.09%, 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.