ISVBF vs. ASHS
ISVBF (iShares MSCI China A UCITS ETF) and ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) are both China Equities funds - ISVBF tracks the MSCI China A Inclusion Index while ASHS tracks the CSI 500 Index. Both are passively managed. Over the past 5 years, ISVBF returned -5.16%/yr vs 3.97%/yr for ASHS. At a 0.25 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.65%/yr for ASHS.
Performance
ISVBF vs. ASHS - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -6.46% return, which is significantly lower than ASHS's 15.10% return.
ISVBF
- 1D
- -2.03%
- 1M
- -2.58%
- YTD
- -6.46%
- 6M
- -7.93%
- 1Y
- 7.29%
- 3Y*
- 9.94%
- 5Y*
- -5.16%
- 10Y*
- —
ASHS
- 1D
- -0.17%
- 1M
- -0.19%
- YTD
- 15.10%
- 6M
- 23.90%
- 1Y
- 57.65%
- 3Y*
- 13.41%
- 5Y*
- 3.97%
- 10Y*
- 3.27%
ISVBF vs. ASHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.46% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 15.10% | 39.48% | 2.68% | -10.03% | -24.78% | 15.31% |
Correlation
The correlation between ISVBF and ASHS is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.25 |
Over the past year, ISVBF and ASHS have become more correlated (0.48) than their long-term average of 0.25, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. ASHS — Risk / Return Rank
ISVBF
ASHS
ISVBF vs. ASHS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS). 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.
| ISVBF | ASHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.33 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.42 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 4.13 | -3.75 |
| Martin ratioReturn relative to average drawdown | 0.89 | 13.72 | -12.83 |
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
| ISVBF | ASHS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | 2.57 | -2.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | 0.15 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.19 | -0.34 |
Drawdowns
ISVBF vs. ASHS - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum ASHS drawdown of -69.90%. Use the drawdown chart below to compare losses from any high point for ISVBF and ASHS.
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Drawdown Indicators
| ISVBF | ASHS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -69.90% | +16.12% |
Max Drawdown (1Y)Largest decline over 1 year | -19.18% | -14.03% | -5.15% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -34.13% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -53.22% | -47.81% | -5.41% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.81% | — |
Current DrawdownCurrent decline from peak | -24.18% | -33.57% | +9.39% |
Average DrawdownAverage peak-to-trough decline | -32.76% | -48.57% | +15.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 4.21% | +4.00% |
Volatility
ISVBF vs. ASHS - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 10.81% compared to Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) at 7.33%. This indicates that ISVBF's price experiences larger fluctuations and is considered to be riskier than ASHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ISVBF | ASHS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 7.33% | +3.48% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 17.00% | +9.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.57% | 22.59% | +7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.20% | 26.46% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 25.57% | +4.64% |
ISVBF vs. ASHS - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than ASHS's 0.65% expense ratio.
Dividends
ISVBF vs. ASHS - Dividend Comparison
Neither ISVBF nor ASHS has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 0.00% | 0.00% | 0.69% | 0.65% | 1.90% | 0.76% | 0.43% | 0.57% | 0.00% | 0.00% | 0.00% | 8.34% |
ISVBF iShares MSCI China A UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ISVBF and ASHS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (10.81%) compared to ASHS (7.33%). In terms of maximum drawdown, ISVBF dropped -53.78% vs ASHS's -69.90%.
On 5-year performance, ASHS leads with 3.97% vs -5.16% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ASHS has been the lower-risk option at 7.33%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ASHS has performed better with a 3.97% return vs -5.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.65% for ASHS.
ISVBF and ASHS have nearly identical dividend yields, around 0.00%.
ISVBF tracks MSCI China A Inclusion Index, while ASHS tracks CSI 500 Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.40% for ISVBF and 0.65% for ASHS.
ASHS currently has the higher Sharpe Ratio (2.57 vs 0.24), 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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