Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) — Stock Correlations & Overview
Over the past year, ASHR has moved most closely with CHAU, CNYA, KBA. Explore the stocks most correlated and inversely correlated with ASHR below, along with its price, financials, and company profile.
Stocks correlated with ASHR
Correlation of daily returns. Higher positive values move with ASHR; negative values move opposite it. Informational only, not investment advice.
Most correlated with ASHR
| Symbol | Company | Correlation |
|---|---|---|
| CHAU | Direxion Daily CSI 300 China A Share Bull 2X ETF | 0.99 |
| CNYA | iShares MSCI China A ETF | 0.96 |
| KBA | KraneShares Bosera MSCI China A 50 Connect Index ETF | 0.95 |
| NBCE | Neuberger China Equity ETF | 0.90 |
| CNXT | VanEck ChiNext Innovators ETF | 0.88 |
Most inversely correlated with ASHR
| Symbol | Company | Correlation |
|---|---|---|
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.68 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.68 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.68 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.62 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.60 |
Frequently asked questions about ASHR correlations
- Which stocks are most correlated with ASHR?
- Based on one year of daily returns, the stocks most correlated with Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) are CHAU (0.99), CNYA (0.96) and KBA (0.95). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with ASHR?
- Over the past year, the stocks most inversely correlated with Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR) are EDZ (-0.68), EEV (-0.68) and EUM (-0.68). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these ASHR correlations calculated?
- We compute the correlation of daily returns between ASHR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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