KBA vs. ASHR
Compare and contrast key facts about KraneShares Bosera MSCI China A Share ETF (KBA) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR).
KBA and ASHR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. ASHR is a passively managed fund by DWS that tracks the performance of the CSI 300 Index. It was launched on Nov 6, 2013. Both KBA and ASHR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KBA or ASHR.
Key characteristics
| KBA | ASHR | |
|---|---|---|
| YTD Return | 19.94% | 16.10% |
| 1Y Return | 16.56% | 12.89% |
| 3Y Return (Ann) | -8.72% | -8.86% |
| 5Y Return (Ann) | 2.44% | 0.55% |
| 10Y Return (Ann) | 3.62% | 4.19% |
| Sharpe Ratio | 0.67 | 0.50 |
| Sortino Ratio | 1.17 | 0.92 |
| Omega Ratio | 1.17 | 1.14 |
| Calmar Ratio | 0.36 | 0.29 |
| Martin Ratio | 2.48 | 1.74 |
| Ulcer Index | 7.28% | 8.45% |
| Daily Std Dev | 27.04% | 29.47% |
| Max Drawdown | -53.24% | -51.30% |
| Current Drawdown | -33.86% | -37.44% |
Correlation
The correlation between KBA and ASHR is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KBA vs. ASHR - Performance Comparison
In the year-to-date period, KBA achieves a 19.94% return, which is significantly higher than ASHR's 16.10% return. Over the past 10 years, KBA has underperformed ASHR with an annualized return of 3.62%, while ASHR has yielded a comparatively higher 4.19% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KBA vs. ASHR - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is lower than ASHR's 0.65% expense ratio.
Risk-Adjusted Performance
KBA vs. ASHR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) 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.
Dividends
KBA vs. ASHR - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.95%, less than ASHR's 2.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.95% | 2.34% | 26.65% | 9.07% | 0.65% | 1.53% | 3.77% | 0.99% | 4.90% | 29.08% | 0.11% |
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.13% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% | 0.27% |
Drawdowns
KBA vs. ASHR - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, roughly equal to the maximum ASHR drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for KBA and ASHR. For additional features, visit the drawdowns tool.
Volatility
KBA vs. ASHR - Volatility Comparison
The current volatility for KraneShares Bosera MSCI China A Share ETF (KBA) is 16.20%, while Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) has a volatility of 20.27%. This indicates that KBA 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.