JCHI vs. ASHX

Last updated Jun 4, 2026

JCHI (JPMorgan Active China ETF) and ASHX (Xtrackers MSCI China A Inclusion Equity ETF) are both China Equities funds. JCHI is actively managed, while ASHX is passively managed. At a 0.43 correlation, their price movements are largely independent. JCHI charges 0.65%/yr vs 0.60%/yr for ASHX.

Performance

JCHI vs. ASHX - Performance Comparison

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

Returns By Period

JCHI

• 1D: -1.80%
• 1M: 0.06%
• YTD: 0.59%
• 6M: -0.07%
• 1Y: 17.94%
• 3Y*: 8.80%
• 5Y*: —
• 10Y*: —

ASHX

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

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

JCHI vs. ASHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JCHI JPMorgan Active China ETF	0.59%	27.66%	13.77%	-17.06%
ASHX Xtrackers MSCI China A Inclusion Equity ETF	0.00%	0.00%	0.27%	-15.39%

Correlation

The correlation between JCHI and ASHX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.43

JCHI vs. ASHX - Sectors Allocation Comparison

Sectors	JCHI	ASHX
Consumer Cyclical	20.6%	7.1%
Financial Services	20.6%	19.6%
Technology	14.7%	14.1%
Communication Services	14.5%	1.5%
Industrials	10.7%	16.0%
Basic Materials	6.7%	9.6%
Healthcare	4.7%	7.9%
Consumer Defensive	4.1%	14.3%
Energy	3.3%	4.2%
Real Estate	-	1.4%
Utilities	-	4.3%

Return for Risk

JCHI vs. ASHX — Risk / Return Rank

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

JCHI

JCHI Risk / Return Rank: 27
JCHI Sharpe Ratio Rank: 28
JCHI Sortino Ratio Rank: 28
JCHI Omega Ratio Rank: 28
JCHI Calmar Ratio Rank: 26
JCHI Martin Ratio Rank: 24

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.

JCHI vs. ASHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Active China ETF (JCHI) 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.

	JCHI	ASHX	Difference
Sharpe ratio: Return per unit of total volatility	1.02	—	—
Sortino ratio: Return per unit of downside risk	1.52	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.25	—	—
Martin ratio: Return relative to average drawdown	3.04	—	—
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

	JCHI	ASHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	—	—

Drawdowns

Drawdown Indicators

	JCHI	ASHX	Difference
Max Drawdown Largest peak-to-trough decline	-29.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-14.37%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.47%	—	—
Current Drawdown Current decline from peak	-7.33%	—	—
Average Drawdown Average peak-to-trough decline	-13.34%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.91%	—	—

Volatility

Volatility by Period

	JCHI	ASHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.88%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.88%	—	—

JCHI vs. ASHX - Expense Ratio Comparison

JCHI has a 0.65% expense ratio, which is higher than ASHX's 0.60% expense ratio.

Dividends

JCHI vs. ASHX - Dividend Comparison

JCHI's dividend yield for the trailing twelve months is around 1.80%, while ASHX has not 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%
JCHI JPMorgan Active China ETF	1.80%	1.81%	2.12%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JCHI and ASHX in my portfolio?

JCHI and ASHX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JCHI or ASHX?

On fees, ASHX is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JCHI or ASHX?

ASHX is cheaper with a 0.60% expense ratio, compared with 0.65% for JCHI.

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

JCHI has the higher dividend yield at 1.80%, compared with 0.00% for ASHX.

What is the main difference between JCHI and ASHX?

They also come from different issuers: JPMorgan and Deutsche Bank. Their fees differ too: 0.65% for JCHI and 0.60% for ASHX.