MCHI vs. ASHR
Compare and contrast key facts about iShares MSCI China ETF (MCHI) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR).
MCHI and ASHR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. 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 MCHI 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: MCHI or ASHR.
Performance
MCHI vs. ASHR - Performance Comparison
Returns By Period
In the year-to-date period, MCHI achieves a 16.80% return, which is significantly higher than ASHR's 14.47% return. Over the past 10 years, MCHI has underperformed ASHR with an annualized return of 1.60%, while ASHR has yielded a comparatively higher 3.71% annualized return.
MCHI
16.80%
-4.67%
0.31%
12.79%
-2.65%
1.60%
ASHR
14.47%
-1.51%
7.54%
11.13%
0.47%
3.71%
Key characteristics
| MCHI | ASHR | |
|---|---|---|
| Sharpe Ratio | 0.28 | 0.33 |
| Sortino Ratio | 0.64 | 0.70 |
| Omega Ratio | 1.08 | 1.11 |
| Calmar Ratio | 0.14 | 0.20 |
| Martin Ratio | 0.85 | 1.10 |
| Ulcer Index | 10.22% | 9.29% |
| Daily Std Dev | 31.19% | 30.95% |
| Max Drawdown | -62.84% | -51.30% |
| Current Drawdown | -47.83% | -38.32% |
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MCHI vs. ASHR - Expense Ratio Comparison
MCHI has a 0.59% expense ratio, which is lower than ASHR's 0.65% expense ratio.
Correlation
The correlation between MCHI and ASHR is 0.74, 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.
Risk-Adjusted Performance
MCHI vs. ASHR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China ETF (MCHI) 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
MCHI vs. ASHR - Dividend Comparison
MCHI's dividend yield for the trailing twelve months is around 2.50%, more than ASHR's 2.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCHI iShares MSCI China ETF | 2.50% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.17% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% | 0.27% | 0.00% |
Drawdowns
MCHI vs. ASHR - Drawdown Comparison
The maximum MCHI drawdown since its inception was -62.84%, which is greater than ASHR's maximum drawdown of -51.30%. Use the drawdown chart below to compare losses from any high point for MCHI and ASHR. For additional features, visit the drawdowns tool.
Volatility
MCHI vs. ASHR - Volatility Comparison
The current volatility for iShares MSCI China ETF (MCHI) is 10.81%, while Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) has a volatility of 11.74%. This indicates that MCHI 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.