Xtrackers Harvest CSI 300 China A-Shares ETF
ALTAR
Score™		 6.9% info Recommen-
dation		 UNDERWEIGHT
2025E    2026E
P/E
ratio		 15.6x P/Sales
ratio		 1.5x
P/BV
ratio		 1.4x Div.
yield		 2.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers Harvest CSI 300 China A-Shares Fund is an exchange-traded fund incorporated in the USA. The fund seeks to track the performance of the CSI 300 Index. Through the use of an RQFII quota ASHR is able to offer US investors direct access to Chinese A-Shares which are listed on the Shenzen and Shanghai Stock Exchanges.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Nov 06, 2013
Assets (mns) $1,754
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 290
Wgt avg mkt cap (mns) $69,444
Large cap (>$10bn) 82.6%
Mid cap ($2-10bn) 17.2%
Small cap (<$2bn) 0.0%
Developed mkts 4.0%
Emerging mkts 96.0%

TOP TEN HOLDINGS
KWEICHOW MOUTAI CO LTD-A 4.5 %
CONTEMPORARY AMPEREX TECHNOLOGY CO 4.2 %
PING AN INSURANCE (GROUP) COMPANY 3.0 %
CHINA MERCHANTS BANK -A 2.6 %
ZIJIN MINING GROUP CO LTD-A 2.1 %
ZHONGJI INNOLIGHT CO., LTD. CLASS 1.9 %
MIDEA GROUP CO. LTD. CLASS A 1.9 %
CHINA YANGTZE POWER CO LTD-A 1.7 %
EAST MONEY INFORMATION CO., LTD CL 1.7 %
JIANGSU HENGRUI MEDICINE CO., LTD. 1.6 %
Total 25.3 %

TOP COUNTRY EXPOSURE
CHINA 112.0 %










HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
23.1% 19.4% -2.2% 2.6% 5.4%

Market Correlations
versus... Beta R-squared
S&P500 0.36 10%
MSCI EAFE 0.56 19%
MSCI Emg. Mkts. 0.81 44%

Technical Indicators
Recent close $32.83
30d moving avg. $32.82
Annualized volatility 22.8%
Short interest (ETF) 36.5%
Relative strength (RSI) 52

Liquidity measures
Avg. volume (thou.) 5,180
Turnover 9.7%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $40,225

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 130 potential alternatives to the Xtrackers Harvest CSI 300 China A-Shares ETF ETF based on the alternatives' overlap in portfolio holdings with ASHR. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: ASHR Expense: 65 bp ALTAR Score™: 6.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH ASHR
Ticker Fund
Name		 Overlap1
vs ASHR
(%)		 Expense
ratio
(bp)		 Savings
vs ASHR
(bp)		 ALTAR
Score™
(%)		 ALTAR
vs ASHR
(%)
KBA KraneShares Bosera MSCI China A 50 Connect Index ETF 52.2 55 10 7.1 +0.2
RAYC Rayliant Quantamental China Equity ETF 43.8 80 -15 8.3 +1.4
KALL KraneShares MSCI All China Index ETF 37.8 49 16 12.7 +5.8
CXSE WisdomTree China ex-State-Owned Enterprises Fund 37.0 32 33 13.4 +6.5
TCHI iShares MSCI China Multisector Tech ETF 29.2 59 6 16.7 +9.7
CNYA iShares MSCI China A ETF 26.1 60 5 7.0 +0.1
JCHI JPMorgan Active China ETF 21.7 65 0 14.2 +7.3
MCH Matthews China Active ETF 15.1 79 -14 13.8 +6.9
FLCH Franklin FTSE China ETF 12.9 19 46 15.3 +8.4
EMDV ProShares MSCI Emerging Markets Dividend Growers ETF 12.3 60 5 7.8 +0.9
KGRN KraneShares MSCI China Clean Technology Index ETF 11.6 79 -14 0.4 -6.5
OBOR KraneShares MSCI One Belt One Road Index ETF 11.4 79 -14 7.7 +0.8
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund 8.6 32 33 8.4 +1.4
KARS KraneShares Electric Vehicles & Future Mobility Index ETF 7.7 72 -7 -1.3 -8.2
JADE JPMorgan Active Developing Markets Equity ETF 7.5 65 0 7.6 +0.7
KURE KraneShares MSCI All China Health Care Index ETF 7.4 65 0 2.9 -4.1
CGRO CoreValues Alpha Greater China Growth ETF 7.1 75 -10 3.6 -3.4
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF 7.1 50 15 10.2 +3.3
EV Mast Global Battery Recycling & Production ETF 6.6 65 0 6.8 -0.2
CHIQ Global X MSCI China Consumer Discretionary ETF 6.5 65 0 14.3 +7.4
GEM Goldman Sachs ActiveBeta Emerging Markets Equity ETF 6.4 45 20 9.6 +2.6
LIT Global X Lithium & Battery Tech ETF 6.3 75 -10 4.5 -2.5
MINV Matthews Asia Innovators Active ETF 6.1 79 -14 7.0 +0.1
TTAI FCF International Quality ETF 5.7 59 6 7.3 +0.4
KSTR KraneShares SSE STAR Market 50 Index ETF 5.3 89 -24 0.9 -6.0
DRGN Themes China Generative Artificial Intelligence ETF 5.3 39 26 10.8 +3.9
DEM WisdomTree Emerging Markets High Dividend Fund 5.1 63 2 12.7 +5.8
FLAX Franklin FTSE Asia Ex Japan ETF 5.1 19 46 8.4 +1.4
BATT Amplify Lithium & Battery Technology ETF 5.0 59 6 2.8 -4.2
ECON Columbia Emerging Markets Consumer ETF 4.9 49 16 11.6 +4.7
JEMA JPMorgan ActiveBuilders Emerging Markets Equity ETF 4.8 33 32 9.2 +2.3
NUEM Nuveen ESG Emerging Markets Equity ETF 4.8 36 29 7.2 +0.3
GXC SPDR S & P China ETF 4.5 59 6 15.6 +8.6
GSFP Goldman Sachs Future Planet Equity ETF 4.1 75 -10 4.2 -2.7
JPEM JPMorgan Diversified Return Emerging Markets Equity ETF 4.0 44 21 10.4 +3.4
BKEM BNY Mellon Emerging Markets Equity ETF 3.9 11 54 9.2 +2.3
BBEM JPMorgan BetaBuilders Emerging Markets Equity ETF 3.8 15 50 9.6 +2.6
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF 3.8 66 -1 8.9 +1.9
GSEE Goldman Sachs MarketBeta Emerging Markets Equity ETF 3.8 36 29 8.9 +2.0
MCHI iShares MSCI China ETF 3.6 59 6 16.6 +9.6
CQQQ Invesco China Technology ETF 3.6 70 -5 15.4 +8.4
EMCR Xtrackers Emerging Markets Carbon Reduction and Climate Impr 3.6 15 50 7.4 +0.5
EEMV iShares MSCI Emerging Markets Min Vol Factor ETF 3.5 25 40 6.4 -0.5
WBAT WisdomTree Battery Value Chain and Innovation Fund 3.5 45 20 1.4 -5.6
VWO Vanguard FTSE Emerging Markets ETF 3.3 7 58 10.1 +3.1
BLLD JPMorgan Sustainable Infrastructure ETF 3.1 49 16 6.0 -1.0
MEM Matthews Emerging Markets Equity Active ETF 3.0 79 -14 7.3 +0.3
AIS VistaShares Artificial Intelligence Supercycle ETF 2.9 75 -10 2.6 -4.3
DEHP Dimensional Emerging Markets High Profitability ETF 2.9 41 24 6.3 -0.6
TEMP JPMorgan Climate Change Solutions ETF 2.7 49 16 5.6 -1.3
QEMM SPDR MSCI Emerging Markets StrategicFactors ETF 2.4 30 35 9.0 +2.1
ICLN iShares Global Clean Energy ETF 2.4 41 24 3.3 -3.7
JHEM John Hancock Multifactor Emerging Markets ETF 2.3 49 16 9.3 +2.4
TLTE FlexShares Morningstar Emerging Markets Factor Tilt Index 2.2 59 6 8.5 +1.6
BKF iShares MSCI BIC ETF 2.2 69 -4 12.9 +5.9
DFEV Dimensional Emerging Markets Value ETF 2.2 43 22 11.9 +4.9
DFSE Dimensional Emerging Markets Sustainability Core 1 ETF 2.1 41 24 8.2 +1.2
GUNR FlexShares Morningstar Global Upstream Natural Resources Ind 2.1 46 19 9.4 +2.4
ION ProShares S&P Global Core Battery Metals ETF 2.0 58 7 7.1 +0.1
DFAE Dimensional Emerging Core Equity Market ETF 1.9 35 30 8.6 +1.6
BOTT Themes Robotics & Automation ETF 1.6 35 30 -1.3 -8.2
GMF SPDR S&P Emerging Asia Pacific ETF 1.6 49 16 9.3 +2.4
DMAT Global X Disruptive Materials ETF 1.6 59 6 6.7 -0.3
DFEM Dimensional Emerging Markets Core Equity 2 ETF 1.5 38 27 8.5 +1.6
EEMA iShares MSCI Emerging Markets Asia ETF 1.4 49 16 9.0 +2.1
AIVC Amplify Bloomberg AI Value Chain ETF 1.4 59 6 5.8 -1.2
AAXJ iShares MSCI All Country Asia ex Japan ETF 1.3 70 -5 8.4 +1.5
SPEM SPDR Portfolio Emerging Markets ETF 1.3 7 58 10.3 +3.4
VEGI iShares MSCI Agriculture Producers ETF 1.2 39 26 9.1 +2.1
LIMI Themes Lithium & Battery Metal Miners ETF 1.2 35 30 3.7 -3.2
IGRO iShares International Dividend Growth ETF 1.2 15 50 7.0 +0.1
EEMX SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF 1.1 30 35 9.8 +2.8
CHAT Roundhill Generative AI & Technology ETF 1.1 75 -10 7.8 +0.8
VEU Vanguard FTSE All-World ex-US Index Fund 1.1 4 61 7.7 +0.7
VYMI Vanguard International High Dividend Yield ETF 1.1 17 48 9.0 +2.1
EEM iShares MSCI Emerging Markets ETF 1.0 69 -4 9.4 +2.5
VCLN Virtus Duff & Phelps Clean Energy ETF 1.0 59 6 3.9 -3.0
POW VistaShares Electrification Supercycle ETF 1.0 75 -10 3.6 -3.4
ESGE iShares ESG Aware MSCI EM ETF 1.0 25 40 9.3 +2.3
VSGX Vanguard ESG International Stock ETF 1.0 10 55 7.5 +0.5
AGMI Themes Silver Miners ETF 0.9 35 30 3.7 -3.2
JSTC Adasina Social Justice All Cap Global ETF 0.9 89 -24 5.1 -1.9
EMC Global X Emerging Markets Great Consumer ETF 0.9 75 -10 7.4 +0.5
ADIV SmartETFs Asia Pacific Dividend Builder ETF 0.9 78 -13 8.9 +2.0
EMXF iShares ESG Advanced MSCI EM ETF 0.9 16 49 7.9 +1.0
VXUS Vanguard Total International Stock ETF 0.9 5 60 7.6 +0.6
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 0.9 41 24 7.1 +0.1
LDEM iShares ESG MSCI EM Leaders ETF 0.9 17 48 13.8 +6.8
IEMG iShares Core MSCI Emerging Markets ETF 0.9 9 56 9.7 +2.8
ZSB USCF Sustainable Battery Metals Strategy Fund 0.9 61 4 5.2 -1.7
FBOT Fidelity Disruptive Automation ETF 0.8 50 15 3.5 -3.5
HUMN Roundhill Humanoid Robotics ETF 0.7 75 -10 1.9 -5.0
GXUS Goldman Sachs MarketBeta Total International Equity ETF 0.7 18 47 7.2 +0.3
VIGI Vanguard International Dividend Appreciation ETF 0.7 10 55 6.4 -0.6
JIG JPMorgan International Growth ETF 0.7 55 10 4.7 -2.2
PXH Invesco FTSE RAFI Emerging Markets ETF 0.7 49 16 14.7 +7.8
EVLU iShares MSCI Emerging Markets Value Factor ETF 0.6 35 30 16.1 +9.2
ACWV iShares MSCI Global Min Vol Factor ETF 0.6 20 45 5.9 -1.0
URAN Themes Uranium & Nuclear ETF 0.6 35 30 1.4 -5.5
CGXU Capital Group International Focus Equity ETF 0.5 54 11 5.5 -1.5
ETEC iShares Breakthrough Environmental Solutions ETF 0.5 47 18 3.6 -3.3
DFAX Dimensional World ex U.S. Core Equity 2 ETF 0.4 30 35 7.4 +0.5
EMGF iShares Emerging Markets Equity Factor ETF 0.4 25 40 10.7 +3.8
XT iShares Exponential Technologies ETF 0.4 46 19 4.6 -2.3
CNXT VanEck ChiNext ETF 0.4 65 0 3.8 -3.1
ACWX iShares MSCI ACWI ex U.S. ETF 0.4 34 31 7.3 +0.4
ROBO ROBO Global Robotics & Automation Index ETF 0.4 95 -30 3.2 -3.8
CRBN iShares MSCI ACWI Low Carbon Target ETF 0.3 20 45 5.5 -1.5
VT Vanguard Total World Stock ETF 0.3 6 59 5.7 -1.2
JIVE JPMorgan International Value ETF 0.3 55 10 10.7 +3.8
PICK iShares MSCI Global Metals & Mining Producers ETF 0.3 39 26 10.6 +3.6
IXUS iShares Core MSCI Total International Stock ETF 0.3 7 58 7.5 +0.5
NZAC SPDR MSCI ACWI Climate Paris Aligned ETF 0.3 12 53 5.1 -1.8
GTEK Goldman Sachs Future Tech Leaders Equity ETF 0.3 75 -10 2.9 -4.1
GMET VanEck Green Metals ETF 0.3 63 2 7.2 +0.3
ERTH Invesco MSCI Sustainable Future ETF 0.3 62 3 3.4 -3.5
SDEM Global X MSCI SuperDividend Emerging Markets ETF 0.2 67 -2 14.7 +7.7
EFRA iShares Environmental Infrastructure and Industrials ETF 0.2 47 18 5.3 -1.6
SDG iShares MSCI Global Sustainable Development Goals ETF 0.2 49 16 5.0 -2.0
COPA Themes Copper Miners ETF 0.2 35 30 4.2 -2.8
CWI SPDR MSCI ACWI ex-US ETF 0.2 30 35 7.5 +0.5
DGS WisdomTree Emerging Markets SmallCap Dividend Fund 0.1 58 7 9.4 +2.5
IGPT Invesco AI and Next Gen Software ETF 0.1 60 5 4.4 -2.6
ACWI iShares MSCI ACWI ETF 0.1 32 33 5.4 -1.6
VNQI Vanguard Global ex-U.S. Real Estate ETF 0.1 12 53 8.3 +1.3
ANEW ProShares MSCI Transformational Changes ETF 0.1 45 20 5.2 -1.7
ILIT iShares Lithium Miners and Producers ETF 0.1 47 18 4.7 -2.3
SCHE Schwab Emerging Markets Equity ETF 0.1 11 54 10.5 +3.5
SPGM SPDR Portfolio MSCI Global Stock Market ETF 0.0 9 56 5.6 -1.4
GLOF iShares Global Equity Factor ETF 0.0 20 45 6.7 -0.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2020 2021 2022 2023 2024 2025E 2026E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2024 2025E 2026E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:		 Xtrackers Harvest CSI 300 China A-Shares ETF
Relative
to:		 S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.9 %
info More information on ALTAR Score™
MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING		 1.47 CATEGORY
AVERAGE		 1.54
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.