ASHS vs SPY
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. ASHS delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ASHS | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.09% | |
| AUM | $35M | $821.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 495 | 505 | |
| YTD Return | +8.66% | +13.17% | |
| 1Y Return | +28.01% | +21.53% | |
| 3Y Return (annualized) | +15.01% | +22.06% | |
| 5Y Return (annualized) | +2.42% | +13.35% | |
| Volatility (annualized) | 27.5% | 15.3% | |
| Max Drawdown | -69.9% | -56.5% | |
| Fund Family | Xtrackers ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | May 21, 2014 | Jan 22, 1993 |
ASHS vs SPY Performance
Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF (ASHS) is a ETF from Xtrackers ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year ASHS returned +28.01% while SPY returned +21.53%. Year to date, ASHS is up 8.66% versus a gain of 13.17% for SPY.
Over three years, ASHS compounded at +15.01% per year against +22.06% for SPY; over five years the annualized figures are +2.42% and +13.35% respectively. Across the full 12-year window we track, SPY has the edge at +8.82% annualized vs +5.53%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ASHS has been the more volatile fund, with annualized monthly volatility of 27.5% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 SPY charges 0.09%. On a $10,000 position that is $65 vs $9 annually, a gap of $56 per year that compounds over a long holding period. On income, ASHS currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
ASHS and SPY share 0 holdings out of 994 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 SPY?
ASHS has an expense ratio of 0.65% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, ASHS or SPY?
Over the past year ASHS returned +28.01% vs +21.53% for SPY, so ASHS leads on 1-year performance. Over the longest common window we track (12 years), ASHS annualized +5.53% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, ASHS or SPY?
ASHS has been the more volatile fund at 27.5% annualized versus 15.3% for SPY. Worst drawdown: ASHS -69.9% vs SPY -56.5%.
Should I hold both ASHS and SPY?
ASHS and SPY 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 SPY?
ASHS and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 994 unique securities.
Which pays a higher dividend, ASHS or SPY?
ASHS yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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