HYLB vs. ASHR
HYLB (Xtrackers USD High Yield Corporate Bond ETF) and ASHR (Xtrackers Harvest CSI 300 China A-Shares Fund) are both exchange-traded funds - HYLB is a High Yield Bonds fund tracking the Solactive USD High Yield Corporates Total Market Index, while ASHR is a China Equities fund tracking the CSI 300 Index. Both are passively managed. Over the past 5 years, HYLB returned 4.06%/yr vs -1.34%/yr for ASHR. At a 0.34 correlation, their price movements are largely independent. HYLB charges 0.15%/yr vs 0.65%/yr for ASHR.
Performance
HYLB vs. ASHR - Performance Comparison
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Returns By Period
In the year-to-date period, HYLB achieves a 1.65% return, which is significantly lower than ASHR's 9.53% return.
HYLB
- 1D
- 0.11%
- 1M
- 0.35%
- YTD
- 1.65%
- 6M
- 2.09%
- 1Y
- 6.78%
- 3Y*
- 8.79%
- 5Y*
- 4.06%
- 10Y*
- —
ASHR
- 1D
- -0.53%
- 1M
- 1.78%
- YTD
- 9.53%
- 6M
- 12.76%
- 1Y
- 37.06%
- 3Y*
- 12.15%
- 5Y*
- -1.34%
- 10Y*
- 5.36%
HYLB vs. ASHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HYLB Xtrackers USD High Yield Corporate Bond ETF | 1.65% | 8.74% | 8.14% | 12.03% | -10.80% | 3.94% | 5.04% | 14.06% | -1.80% | 6.00% |
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 9.53% | 27.02% | 11.95% | -12.52% | -27.52% | -1.57% | 36.29% | 36.50% | -28.45% | 33.47% |
Correlation
The correlation between HYLB and ASHR is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Dec 8, 2016 | 0.34 |
The correlation between HYLB and ASHR shifts across timeframes, from 0.24 (3 years) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HYLB vs. ASHR — Risk / Return Rank
HYLB
ASHR
HYLB vs. ASHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers USD High Yield Corporate Bond ETF (HYLB) 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.
| HYLB | ASHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.37 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.39 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 4.84 | -1.84 |
| Martin ratioReturn relative to average drawdown | 12.90 | 14.92 | -2.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HYLB | ASHR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.84 | 2.21 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | -0.06 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.58 | 0.22 | +0.36 |
Drawdowns
HYLB vs. ASHR - Drawdown Comparison
The maximum HYLB drawdown since its inception was -22.91%, smaller than the maximum ASHR drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for HYLB and ASHR.
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Drawdown Indicators
| HYLB | ASHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.91% | -51.30% | +28.39% |
Max Drawdown (1Y)Largest decline over 1 year | -2.27% | -7.69% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -4.51% | -33.12% | +28.61% |
Max Drawdown (5Y)Largest decline over 5 years | -15.54% | -45.76% | +30.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -51.30% | — |
Current DrawdownCurrent decline from peak | -0.09% | -16.08% | +15.99% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -29.18% | +26.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.49% | -1.96% |
Volatility
HYLB vs. ASHR - Volatility Comparison
The current volatility for Xtrackers USD High Yield Corporate Bond ETF (HYLB) is 1.19%, while Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) has a volatility of 5.87%. This indicates that HYLB experiences smaller price fluctuations and is considered to be less risky than ASHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HYLB | ASHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 5.87% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.92% | 11.52% | -8.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 16.84% | -13.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.47% | 23.89% | -16.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.18% | 24.05% | -15.87% |
HYLB vs. ASHR - Expense Ratio Comparison
HYLB has a 0.15% expense ratio, which is lower than ASHR's 0.65% expense ratio.
Dividends
HYLB vs. ASHR - Dividend Comparison
HYLB's dividend yield for the trailing twelve months is around 6.48%, more than ASHR's 2.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.11% | 2.31% | 1.13% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% |
HYLB Xtrackers USD High Yield Corporate Bond ETF | 6.48% | 6.29% | 6.31% | 5.84% | 5.53% | 4.45% | 5.22% | 5.71% | 5.95% | 5.85% | 0.27% | 0.00% |
Frequently Asked Questions
HYLB and ASHR have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASHR has higher volatility (5.87%) compared to HYLB (1.19%). In terms of maximum drawdown, HYLB dropped -22.91% vs ASHR's -51.30%.
On 5-year performance, HYLB leads with 4.06% vs -1.34% for ASHR. On fees, HYLB is cheaper at 0.15% per year. On volatility, HYLB has been the lower-risk option at 1.19%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, HYLB has performed better with a 4.06% return vs -1.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
HYLB is cheaper with a 0.15% expense ratio, compared with 0.65% for ASHR.
HYLB has the higher dividend yield at 6.48%, compared with 2.11% for ASHR.
HYLB is categorized as High Yield Bonds, while ASHR is China Equities. HYLB tracks Solactive USD High Yield Corporates Total Market Index, while ASHR tracks CSI 300 Index. Their fees differ too: 0.15% for HYLB and 0.65% for ASHR.
ASHR currently has the higher Sharpe Ratio (2.21 vs 1.84), 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.
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