ISVBF vs. ASHX

Last updated Jun 4, 2026

ISVBF (iShares MSCI China A UCITS ETF) and ASHX (Xtrackers MSCI China A Inclusion Equity ETF) are both China Equities funds tracking the MSCI China A Inclusion Index, from iShares and Deutsche Bank respectively. Both are passively managed. At a 0.02 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.60%/yr for ASHX.

Performance

ISVBF vs. ASHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China A UCITS ETF (ISVBF) and Xtrackers MSCI China A Inclusion Equity ETF (ASHX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ISVBF

• 1D: -2.03%
• 1M: -2.58%
• YTD: -6.46%
• 6M: -7.93%
• 1Y: 7.29%
• 3Y*: 9.94%
• 5Y*: -5.16%
• 10Y*: —

ASHX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ISVBF vs. ASHX - 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%
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.27%	-13.59%	-26.45%	3.87%

Correlation

The correlation between ISVBF and ASHX is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.03
Correlation (All Time) Calculated using the full available price history since May 6, 2021	0.02

Return for Risk

ISVBF vs. ASHX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ISVBF

ISVBF Risk / Return Rank: 13
ISVBF Sharpe Ratio Rank: 12
ISVBF Sortino Ratio Rank: 13
ISVBF Omega Ratio Rank: 13
ISVBF Calmar Ratio Rank: 13
ISVBF Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ISVBF vs. ASHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) and Xtrackers MSCI China A Inclusion Equity ETF (ASHX). 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	ASHX	Difference
Sharpe ratio: Return per unit of total volatility	0.24	—	—
Sortino ratio: Return per unit of downside risk	0.54	—	—
Omega ratio: Gain probability vs. loss probability	1.07	—	—
Calmar ratio: Return relative to maximum drawdown	0.38	—	—
Martin ratio: Return relative to average drawdown	0.89	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ISVBF	ASHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.15	—	—

Drawdowns

Drawdown Indicators

	ISVBF	ASHX	Difference
Max Drawdown Largest peak-to-trough decline	-53.78%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-19.18%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-23.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.22%	—	—
Current Drawdown Current decline from peak	-24.18%	—	—
Average Drawdown Average peak-to-trough decline	-32.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.21%	—	—

Volatility

Volatility by Period

	ISVBF	ASHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.81%	—	—
Volatility (6M) Calculated over the trailing 6-month period	26.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.57%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.21%	—	—

ISVBF vs. ASHX - Expense Ratio Comparison

ISVBF has a 0.40% expense ratio, which is lower than ASHX's 0.60% expense ratio.

Dividends

ISVBF vs. ASHX - Dividend Comparison

Neither ISVBF nor ASHX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.00%	2.38%	1.76%	0.84%	0.80%	1.78%	1.07%	2.48%	19.46%	2.91%
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

Can I hold both ISVBF and ASHX in my portfolio?

ISVBF and ASHX have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ISVBF or ASHX?

On fees, ISVBF is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ISVBF or ASHX?

ISVBF is cheaper with a 0.40% expense ratio, compared with 0.60% for ASHX.

Which ETF pays a higher dividend yield, ISVBF or ASHX?

ISVBF and ASHX have nearly identical dividend yields, around 0.00%.

What is the main difference between ISVBF and ASHX?

Both ETFs track MSCI China A Inclusion Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.40% for ISVBF and 0.60% for ASHX.