ASHS vs QQQ
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. ASHS delivered stronger 1-year returns. ASHS offers more diversification with 495 holdings.
Side-by-Side Comparison
| Metric | ASHS | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.18% | |
| AUM | $35M | $496.3B | |
| Dividend Yield | 0.00% | 0.44% | |
| Holdings | 495 | 108 | |
| YTD Return | +11.33% | +19.52% | |
| 1Y Return | +35.52% | +26.68% | |
| 3Y Return (annualized) | +15.10% | +26.64% | |
| 5Y Return (annualized) | +2.52% | +15.36% | |
| Volatility (annualized) | 27.5% | 30.6% | |
| Max Drawdown | -69.9% | -83.0% | |
| Fund Family | Xtrackers ETFs | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | May 21, 2014 | Mar 10, 1999 |
ASHS vs QQQ Performance
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) is a ETF from Xtrackers ETFs and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year ASHS returned +35.52% while QQQ returned +26.68%. Year to date, ASHS is up 11.33% versus a gain of 19.52% for QQQ.
Over three years, ASHS compounded at +15.10% per year against +26.64% for QQQ; over five years the annualized figures are +2.52% and +15.36% respectively. Across the full 12-year window we track, QQQ has the edge at +13.14% annualized vs +5.74%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 27.5% for ASHS. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -69.9% for ASHS and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASHS charges 0.65% per year while QQQ charges 0.18%. On a $10,000 position that is $65 vs $18 annually, a gap of $47 per year that compounds over a long holding period. On income, ASHS currently yields 0.00% against 0.44% for QQQ.
Holdings Overlap
ASHS and QQQ share 0 holdings out of 592 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ASHS or QQQ?
ASHS has an expense ratio of 0.65% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $47 per year of difference.
Which performed better, ASHS or QQQ?
Over the past year ASHS returned +35.52% vs +26.68% for QQQ, so ASHS leads on 1-year performance. Over the longest common window we track (12 years), ASHS annualized +5.74% vs +13.14% for QQQ. Past performance does not guarantee future results.
Which is riskier, ASHS or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 27.5% for ASHS. Worst drawdown: ASHS -69.9% vs QQQ -83.0%.
Should I hold both ASHS and QQQ?
ASHS and QQQ have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASHS and QQQ?
ASHS and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 592 unique securities.
Which pays a higher dividend, ASHS or QQQ?
ASHS yields 0.00% while QQQ yields 0.44%, so QQQ currently pays the higher dividend yield.
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