XCHA.DE vs. ASHR
XCHA.DE (Xtrackers CSI 300 Swap UCITS ETF 1C) and ASHR (Xtrackers Harvest CSI 300 China A-Shares Fund) are both China Equities funds - XCHA.DE tracks the MSCI China A Onshore NR CNY while ASHR tracks the CSI 300 Index. Both are passively managed. Over the past 10 years, XCHA.DE returned 9.08%/yr vs 5.13%/yr for ASHR. Their correlation of 0.84 suggests significant overlap in exposure. XCHA.DE charges 0.50%/yr vs 0.65%/yr for ASHR.
Performance
XCHA.DE vs. ASHR - Performance Comparison
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Different Trading Currencies
XCHA.DE is traded in EUR, while ASHR is traded in USD. To make them comparable, the ASHR values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XCHA.DE achieves a 12.47% return, which is significantly higher than ASHR's 10.78% return. Over the past 10 years, XCHA.DE has outperformed ASHR with an annualized return of 9.08%, while ASHR has yielded a comparatively lower 5.13% annualized return.
XCHA.DE
- 1D
- -0.47%
- 1M
- 3.17%
- YTD
- 12.47%
- 6M
- 15.67%
- 1Y
- 39.28%
- 3Y*
- 12.45%
- 5Y*
- 3.01%
- 10Y*
- 9.08%
ASHR
- 1D
- -0.66%
- 1M
- 1.10%
- YTD
- 10.78%
- 6M
- 11.65%
- 1Y
- 34.90%
- 3Y*
- 9.16%
- 5Y*
- -0.42%
- 10Y*
- 5.13%
XCHA.DE vs. ASHR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 12.47% | 14.69% | 24.35% | -14.26% | -19.18% | 13.33% | 31.24% | 44.98% | -21.84% | 18.89% |
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 10.78% | 11.95% | 19.34% | -15.14% | -23.03% | 5.79% | 25.06% | 39.59% | -25.09% | 17.07% |
Correlation
The correlation between XCHA.DE and ASHR is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.88 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Nov 7, 2013 | 0.84 |
The correlation between XCHA.DE and ASHR has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.
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Return for Risk
XCHA.DE vs. ASHR — Risk / Return Rank
XCHA.DE
ASHR
XCHA.DE vs. ASHR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) 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.
| XCHA.DE | ASHR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 5.54 | -3.16 |
| Martin ratioReturn relative to average drawdown | 4.62 | 14.39 | -9.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCHA.DE | ASHR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 2.13 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | -0.02 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.22 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.27 | +0.04 |
Drawdowns
XCHA.DE vs. ASHR - Drawdown Comparison
The maximum XCHA.DE drawdown since its inception was -52.27%, roughly equal to the maximum ASHR drawdown of -50.79%. Use the drawdown chart below to compare losses from any high point for XCHA.DE and ASHR.
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Drawdown Indicators
| XCHA.DE | ASHR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.27% | -50.79% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -16.43% | -6.30% | -10.13% |
Max Drawdown (3Y)Largest decline over 3 years | -26.32% | -32.74% | +6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -37.07% | -41.51% | +4.44% |
Max Drawdown (10Y)Largest decline over 10 years | -38.55% | -45.66% | +7.11% |
Current DrawdownCurrent decline from peak | -1.81% | -13.00% | +11.19% |
Average DrawdownAverage peak-to-trough decline | -22.73% | -27.28% | +4.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.48% | 2.42% | +6.06% |
Volatility
XCHA.DE vs. ASHR - Volatility Comparison
Xtrackers CSI 300 Swap UCITS ETF 1C (XCHA.DE) and Xtrackers Harvest CSI 300 China A-Shares Fund (ASHR) have volatilities of 5.10% and 5.33%, 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.
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Volatility by Period
| XCHA.DE | ASHR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 5.33% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 10.37% | 10.97% | -0.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.51% | 16.40% | +10.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.27% | 22.96% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.20% | 23.61% | -0.41% |
XCHA.DE vs. ASHR - Expense Ratio Comparison
XCHA.DE has a 0.50% expense ratio, which is lower than ASHR's 0.65% expense ratio.
Dividends
XCHA.DE vs. ASHR - Dividend Comparison
XCHA.DE has not paid dividends to shareholders, while ASHR's dividend yield for the trailing twelve months is around 2.11%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASHR Xtrackers Harvest CSI 300 China A-Shares Fund | 2.11% | 2.31% | 1.13% | 2.48% | 1.13% | 0.88% | 0.81% | 0.98% | 1.32% | 0.84% | 0.73% | 30.13% |
XCHA.DE Xtrackers CSI 300 Swap UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XCHA.DE and ASHR have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCHA.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCHA.DE is cheaper with a 0.50% expense ratio, compared with 0.65% for ASHR.
XCHA.DE tracks MSCI China A Onshore NR CNY, while ASHR tracks CSI 300 Index. They also come from different issuers: Xtrackers and DWS. Their fees differ too: 0.50% for XCHA.DE and 0.65% for ASHR.
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