SPXB vs. ASHR

Last updated Jun 4, 2026

SPXB (ProShares S&P 500 Bond ETF) and ASHR (Xtrackers Harvest CSI 300 China A-Shares Fund) are both exchange-traded funds - SPXB is a Corporate Bonds fund tracking the S&P 500 MarketAxess Investment Grade Corporate Bond Index, while ASHR is a China Equities fund tracking the CSI 300 Index. Both are passively managed. At a 0.05 correlation, their price movements are largely independent. SPXB charges 0.15%/yr vs 0.65%/yr for ASHR.

Performance

SPXB vs. ASHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P 500 Bond ETF (SPXB) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPXB

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

ASHR

• 1D: -0.14%
• 1M: 3.02%
• YTD: 10.11%
• 6M: 13.67%
• 1Y: 39.07%
• 3Y*: 12.07%
• 5Y*: -1.24%
• 10Y*: 5.38%

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

SPXB vs. ASHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	-3.45%	8.83%	-16.66%	-1.89%	10.33%	15.34%	1.13%
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund	10.11%	27.02%	11.95%	-12.52%	-27.52%	-1.57%	36.29%	36.50%	-25.22%

Correlation

The correlation between SPXB and ASHR is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since May 4, 2018	0.05

Return for Risk

SPXB vs. ASHR — Risk / Return Rank

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

ASHR

ASHR Risk / Return Rank: 75
ASHR Sharpe Ratio Rank: 70
ASHR Sortino Ratio Rank: 70
ASHR Omega Ratio Rank: 67
ASHR Calmar Ratio Rank: 87
ASHR Martin Ratio Rank: 79

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.

SPXB vs. ASHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P 500 Bond ETF (SPXB) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPXB	ASHR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.33	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.05	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.22	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.23	—

Drawdowns

Drawdown Indicators

	SPXB	ASHR	Difference
Max Drawdown Largest peak-to-trough decline	—	-51.30%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-7.69%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-33.12%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-45.76%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.30%	—
Current Drawdown Current decline from peak	—	-15.63%	—
Average Drawdown Average peak-to-trough decline	—	-29.18%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.49%	—

Volatility

Volatility by Period

	SPXB	ASHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.87%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.84%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.89%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	24.06%	—

SPXB vs. ASHR - Expense Ratio Comparison

SPXB has a 0.15% expense ratio, which is lower than ASHR's 0.65% expense ratio.

Dividends

SPXB vs. ASHR - Dividend Comparison

SPXB has not paid dividends to shareholders, while ASHR's dividend yield for the trailing twelve months is around 2.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund	2.10%	2.31%	1.13%	2.48%	1.13%	0.88%	0.81%	0.98%	1.32%	0.84%	0.73%	30.13%
SPXB ProShares S&P 500 Bond ETF	0.00%	0.00%	1.22%	4.04%	3.14%	2.00%	2.64%	3.48%	2.52%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPXB and ASHR in my portfolio?

SPXB and ASHR have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPXB or ASHR?

On fees, SPXB is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPXB or ASHR?

SPXB is cheaper with a 0.15% expense ratio, compared with 0.65% for ASHR.

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

ASHR has the higher dividend yield at 2.10%, compared with 0.00% for SPXB.

What is the main difference between SPXB and ASHR?

SPXB is categorized as Corporate Bonds, while ASHR is China Equities. SPXB tracks S&P 500 MarketAxess Investment Grade Corporate Bond Index, while ASHR tracks CSI 300 Index. They also come from different issuers: ProShares and DWS. Their fees differ too: 0.15% for SPXB and 0.65% for ASHR.