MIDE vs. ASHS

Last updated Jun 23, 2026

MIDE (Xtrackers S&P MidCap 400 ESG ETF) and ASHS (Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF) are both exchange-traded funds - MIDE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 ESG Index, while ASHS is a China Equities fund tracking the CSI 500 Index. Both are passively managed. Over the past 5 years, MIDE returned 8.90%/yr vs 5.45%/yr for ASHS. At a 0.26 correlation, their price movements are largely independent. MIDE charges 0.15%/yr vs 0.65%/yr for ASHS.

Performance

MIDE vs. ASHS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MIDE achieves a 15.21% return, which is significantly lower than ASHS's 23.25% return.

MIDE

• 1D: 0.38%
• 1M: 3.39%
• YTD: 15.21%
• 6M: 13.01%
• 1Y: 29.37%
• 3Y*: 16.41%
• 5Y*: 8.90%
• 10Y*: —

ASHS

• 1D: 2.15%
• 1M: 4.69%
• YTD: 23.25%
• 6M: 27.23%
• 1Y: 69.26%
• 3Y*: 17.55%
• 5Y*: 5.45%
• 10Y*: 4.33%

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

MIDE vs. ASHS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
MIDE Xtrackers S&P MidCap 400 ESG ETF	15.21%	9.81%	11.21%	15.20%	-11.63%	11.80%
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	23.25%	39.48%	2.68%	-10.03%	-24.78%	11.23%

Correlation

The correlation between MIDE and ASHS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Feb 24, 2021	0.26

MIDE vs. ASHS - Sectors Allocation Comparison

Sectors	MIDE	ASHS
Industrials	21.9%	18.7%
Technology	18.6%	33.2%
Financial Services	15.1%	5.3%
Consumer Cyclical	10.9%	5.3%
Healthcare	9.0%	6.2%
Real Estate	8.4%	0.5%
Energy	5.4%	2.2%
Basic Materials	4.5%	16.5%
Consumer Defensive	3.3%	1.7%
Utilities	1.7%	2.3%
Communication Services	1.2%	1.3%

Return for Risk

MIDE vs. ASHS — Risk / Return Rank

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

MIDE

MIDE Risk / Return Rank: 59
MIDE Sharpe Ratio Rank: 56
MIDE Sortino Ratio Rank: 57
MIDE Omega Ratio Rank: 53
MIDE Calmar Ratio Rank: 65
MIDE Martin Ratio Rank: 64

ASHS

ASHS Risk / Return Rank: 86
ASHS Sharpe Ratio Rank: 91
ASHS Sortino Ratio Rank: 86
ASHS Omega Ratio Rank: 84
ASHS Calmar Ratio Rank: 88
ASHS Martin Ratio Rank: 81

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.

MIDE vs. ASHS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P MidCap 400 ESG ETF (MIDE) and Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS). 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.

	MIDE	ASHS	Difference
Sharpe ratio: Return per unit of total volatility	1.84	3.01	-1.17
Sortino ratio: Return per unit of downside risk	2.63	3.71	-1.07
Omega ratio: Gain probability vs. loss probability	1.32	1.48	-0.16
Calmar ratio: Return relative to maximum drawdown	3.15	4.96	-1.81
Martin ratio: Return relative to average drawdown	11.21	15.51	-4.30

MIDE vs. ASHS - Sharpe Ratio Comparison

The current MIDE Sharpe Ratio is 1.84, which is lower than the ASHS Sharpe Ratio of 3.01. The chart below compares the historical Sharpe Ratios of MIDE and ASHS, 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

MIDE vs. ASHS - Drawdown Comparison

The maximum MIDE drawdown since its inception was -24.59%, smaller than the maximum ASHS drawdown of -69.90%. Use the drawdown chart below to compare losses from any high point for MIDE and ASHS.

Drawdown Indicators

	MIDE	ASHS	Difference
Max Drawdown Largest peak-to-trough decline	-24.59%	-69.90%	+45.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-14.03%	+4.67%
Max Drawdown (3Y) Largest decline over 3 years	-24.59%	-34.13%	+9.54%
Max Drawdown (5Y) Largest decline over 5 years	-24.59%	-47.81%	+23.22%
Max Drawdown (10Y) Largest decline over 10 years	—	-47.81%	—
Current Drawdown Current decline from peak	-0.14%	-28.86%	+28.72%
Average Drawdown Average peak-to-trough decline	-6.44%	-48.49%	+42.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.63%	4.48%	-1.85%

Volatility

MIDE vs. ASHS - Volatility Comparison

The current volatility for Xtrackers S&P MidCap 400 ESG ETF (MIDE) is 4.45%, while Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) has a volatility of 7.65%. This indicates that MIDE experiences smaller price fluctuations and is considered to be less risky than ASHS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIDE	ASHS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	7.65%	-3.20%
Volatility (6M) Calculated over the trailing 6-month period	11.69%	17.69%	-6.00%
Volatility (1Y) Calculated over the trailing 1-year period	16.08%	23.19%	-7.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.72%	26.57%	-6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	25.60%	-5.95%

MIDE vs. ASHS - Expense Ratio Comparison

MIDE has a 0.15% expense ratio, which is lower than ASHS's 0.65% expense ratio.

Dividends

MIDE vs. ASHS - Dividend Comparison

MIDE's dividend yield for the trailing twelve months is around 1.26%, while ASHS has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHS Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF	0.00%	0.00%	0.69%	0.65%	1.90%	0.76%	0.43%	0.57%	0.00%	0.00%	0.00%	8.34%
MIDE Xtrackers S&P MidCap 400 ESG ETF	1.26%	1.52%	1.45%	1.36%	1.33%	0.93%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MIDE and ASHS in my portfolio?

MIDE and ASHS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MIDE or ASHS?

ASHS has higher volatility (7.65%) compared to MIDE (4.45%). In terms of maximum drawdown, MIDE dropped -24.59% vs ASHS's -69.90%.

Which ETF is better, MIDE or ASHS?

On 5-year performance, MIDE leads with 8.90% vs 5.45% for ASHS. On fees, MIDE is cheaper at 0.15% per year. On volatility, MIDE has been the lower-risk option at 4.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MIDE or ASHS?

Over the 5-year period, MIDE has performed better with a 8.90% return vs 5.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MIDE or ASHS?

MIDE is cheaper with a 0.15% expense ratio, compared with 0.65% for ASHS.

Which ETF pays a higher dividend yield, MIDE or ASHS?

MIDE has the higher dividend yield at 1.26%, compared with 0.00% for ASHS.

What is the main difference between MIDE and ASHS?

MIDE is categorized as Mid Cap Blend Equities, while ASHS is China Equities. MIDE tracks S&P MidCap 400 ESG Index, while ASHS tracks CSI 500 Index. Their fees differ too: 0.15% for MIDE and 0.65% for ASHS.

Which has better risk-adjusted returns?

ASHS currently has the higher Sharpe Ratio (3.01 vs 1.84), 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.