KBA vs. ASHR

Last updated Aug 2, 2026

KBA (KraneShares Bosera MSCI China A Share ETF) and ASHR (Xtrackers Harvest CSI 300 China A-Shares ETF) are both China Equities funds - KBA tracks the MSCI China A Index while ASHR tracks the CSI 300 Index. Both are passively managed. Over the past 10 years, KBA returned 9.42%/yr vs 4.89%/yr for ASHR. Their correlation of 0.94 means they have usually moved in the same direction. KBA charges 0.60%/yr vs 0.65%/yr for ASHR.

Performance

KBA vs. ASHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Bosera MSCI China A Share ETF (KBA) and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KBA achieves a 7.15% return, which is significantly higher than ASHR's 4.11% return. Over the past 10 years, KBA has outperformed ASHR with an annualized return of 9.42%, while ASHR has yielded a comparatively lower 4.89% annualized return.

KBA

• 1D: -0.78%
• 1M: 1.13%
• 6M: 7.50%
• YTD: 7.15%
• 1Y: 34.07%
• 3Y*: 12.68%
• 5Y*: 7.04%
• 10Y*: 9.42%
• ALL TIME*: 9.52%

ASHR

• 1D: -0.20%
• 1M: -2.73%
• 6M: 2.27%
• YTD: 4.11%
• 1Y: 23.78%
• 3Y*: 8.75%
• 5Y*: -0.35%
• 10Y*: 4.89%
• ALL TIME*: 5.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	$123.30M	$155.65M	$161.34M
KBA KraneShares Bosera MSCI China A Share ETF	$842.71K	$977.36K	$2.09M

KBA vs. ASHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBA KraneShares Bosera MSCI China A Share ETF	7.15%	33.88%	15.73%	-16.77%	-3.49%	3.17%	41.62%	35.44%	-26.28%	30.69%
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	4.11%	27.02%	11.95%	-12.52%	-27.52%	-1.57%	36.29%	36.50%	-28.45%	33.47%

Correlation

The correlation between KBA and ASHR is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.95
Correlation (5Y) Shows whether the relationship held over a longer period.	0.96
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Mar 5, 2014	0.94

The correlation between KBA and ASHR has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

KBA vs. ASHR - Sectors Allocation Comparison

Sectors	KBA	ASHR
Technology	37.5%	30.3%
Financial Services	16.9%	19.8%
Industrials	14.4%	16.9%
Basic Materials	10.1%	9.3%
Consumer Defensive	5.8%	6.7%
Consumer Cyclical	4.1%	5.9%
Healthcare	4.0%	4.3%
Utilities	3.2%	2.9%
Energy	2.4%	2.3%
Communication Services	1.2%	0.6%
Real Estate	0.4%	0.5%

Return for Risk

KBA vs. ASHR — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KBA

KBA Risk / Return Rank: 76
KBA Sharpe Ratio Rank: 72
KBA Sortino Ratio Rank: 70
KBA Omega Ratio Rank: 69
KBA Calmar Ratio Rank: 91
KBA Martin Ratio Rank: 77

ASHR

ASHR Risk / Return Rank: 54
ASHR Sharpe Ratio Rank: 48
ASHR Sortino Ratio Rank: 48
ASHR Omega Ratio Rank: 47
ASHR Calmar Ratio Rank: 69
ASHR Martin Ratio Rank: 59

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBA vs. ASHR - Risk-Adjusted Trends 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 ETF (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.

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.

	KBA	ASHR	Difference
Sharpe ratio: Return per unit of total volatility	1.63	1.18	+0.45
Sortino ratio: Return per unit of downside risk	2.27	1.73	+0.55
Omega ratio: Gain probability vs. loss probability	1.29	1.21	+0.07
Calmar ratio: Return relative to maximum drawdown	4.08	2.38	+1.70
Martin ratio: Return relative to average drawdown	9.76	6.99	+2.77

KBA vs. ASHR - Sharpe Ratio Comparison

The current KBA Sharpe Ratio is 1.63, which is higher than the ASHR Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of KBA and ASHR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	KBA	ASHR	Difference
Max Drawdown Largest peak-to-trough decline	-53.24%	-51.30%	-1.94%
Max Drawdown (1Y) Largest decline over 1 year	-8.33%	-9.84%	+1.51%
Max Drawdown (3Y) Largest decline over 3 years	-31.23%	-33.12%	+1.89%
Max Drawdown (5Y) Largest decline over 5 years	-39.76%	-44.10%	+4.34%
Max Drawdown (10Y) Largest decline over 10 years	-45.32%	-51.30%	+5.98%
Current Drawdown Current decline from peak	-6.47%	-20.23%	+13.76%
Average Drawdown Average peak-to-trough decline	-25.53%	-29.03%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.48%	3.34%	+0.14%

Volatility

KBA vs. ASHR - Volatility Comparison

KraneShares Bosera MSCI China A Share ETF (KBA) and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) have volatilities of 8.55% and 8.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KBA	ASHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.55%	8.68%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	16.45%	15.50%	+0.95%
Volatility (1Y) Calculated over the trailing 1-year period	20.87%	19.86%	+1.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.33%	23.98%	+3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.49%	24.20%	+1.29%

KBA vs. ASHR - Expense Ratio Comparison

KBA has a 0.60% expense ratio, which is lower than ASHR's 0.65% expense ratio.

Dividends

KBA vs. ASHR - Dividend Comparison

KBA's dividend yield for the trailing twelve months is around 1.46%, less than ASHR's 2.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHR Xtrackers Harvest CSI 300 China A-Shares ETF	2.22%	2.31%	1.13%	2.48%	1.13%	0.88%	0.81%	0.98%	1.32%	0.84%	0.73%	30.13%
KBA KraneShares Bosera MSCI China A Share ETF	1.46%	1.56%	2.18%	2.34%	49.05%	9.07%	0.65%	1.53%	3.77%	1.46%	6.62%	29.08%

Frequently Asked Questions

Can I hold both KBA and ASHR in my portfolio?

With a correlation of 0.94, KBA and ASHR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, KBA or ASHR?

ASHR has higher volatility (8.68%) compared to KBA (8.55%). In terms of maximum drawdown, KBA dropped -53.24% vs ASHR's -51.30%.

Which ETF is better, KBA or ASHR?

On 10-year performance, KBA leads with 9.42% vs 4.89% for ASHR. On fees, KBA is cheaper at 0.60% per year. On volatility, KBA has been the lower-risk option at 8.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KBA or ASHR?

Over the 10-year period, KBA has performed better with a 9.42% return vs 4.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KBA or ASHR?

KBA is cheaper with a 0.60% expense ratio, compared with 0.65% for ASHR.

Which ETF pays a higher dividend yield, KBA or ASHR?

ASHR has the higher dividend yield at 2.22%, compared with 1.46% for KBA.

What is the main difference between KBA and ASHR?

KBA tracks MSCI China A Index, while ASHR tracks CSI 300 Index. They also come from different issuers: CICC and DWS. Their fees differ too: 0.60% for KBA and 0.65% for ASHR.

Which has better risk-adjusted returns?

KBA currently has the higher Sharpe Ratio (1.63 vs 1.18), 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.