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 -6.48%/yr vs 4.93%/yr for ASHS. At a 0.26 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 -14.08% return, which is significantly lower than ASHS's 21.06% return.
ISVBF
- 1D
- -1.68%
- 1M
- -5.25%
- YTD
- -14.08%
- 6M
- -14.23%
- 1Y
- -5.03%
- 3Y*
- 8.21%
- 5Y*
- -6.48%
- 10Y*
- —
ASHS
- 1D
- 0.83%
- 1M
- 2.82%
- YTD
- 21.06%
- 6M
- 23.45%
- 1Y
- 61.77%
- 3Y*
- 16.85%
- 5Y*
- 4.93%
- 10Y*
- 4.14%
ISVBF vs. ASHS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -14.08% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 21.06% | 39.48% | 2.68% | -10.03% | -24.78% | 15.34% |
Correlation
The correlation between ISVBF and ASHS is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
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 5, 2021 | 0.26 |
The correlation between ISVBF and ASHS shifts across timeframes, from 0.26 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ISVBF | ASHS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.83 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.44 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 4.43 | -4.66 |
| Martin ratioReturn relative to average drawdown | -0.54 | 13.82 | -14.36 |
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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 | -21.97% | -14.03% | -7.94% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -34.13% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -47.81% | -4.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.81% | — |
Current DrawdownCurrent decline from peak | -30.36% | -30.13% | -0.23% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -48.48% | +15.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.28% | 4.48% | +4.80% |
Volatility
ISVBF vs. ASHS - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 8.48% compared to Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) at 7.73%. 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 | 8.48% | 7.73% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 17.91% | +9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 23.32% | +7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 26.60% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 25.59% | +4.56% |
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 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (8.48%) compared to ASHS (7.73%). In terms of maximum drawdown, ISVBF dropped -53.78% vs ASHS's -69.90%.
On 5-year performance, ASHS leads with 4.93% vs -6.48% for ISVBF. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ASHS has been the lower-risk option at 7.73%. 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 4.93% return vs -6.48%. 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 (2.67 vs -0.16), 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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