ASHS vs FLCH: Grades, Fees and Holdings Compared

Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF

ASHSBNYSE Arca

Franklin FTSE China ETF

FLCHANYSE Arca

Overlap

4.5%by weight

Expense ratio

FLCH −0.46pt a year

ASHS0.65%FLCH0.19%

Avg volume · 30D

FLCH 12.6×the volume

ASHS8.62KFLCH108K

5Y return · a year

ASHS +2.0pt

ASHS−2.1%FLCH−4.1%

ASHS vs FLCH Performance

Oct 29, 2021 – Oct 30, 2026

−10.1%ASHS−18.7%FLCH

Expense ratio: ASHS 0.65%; FLCH 0.19%, better
Fund size: ASHS $24M; FLCH $252M
1Y total return: ASHS −7.5%, better; FLCH −20.9%
Yield (12M): ASHS 0.00%; FLCH 2.63%, better
Holdings: ASHS 495; FLCH 1112
Avg volume (30D): ASHS 8.62K sh; FLCH 108K sh, better
NAV per share: ASHS $34.58; FLCH $19.38
52W range

ETF.net Grade

Pillar letters and Scores for ASHS, FLCH, with each pillar’s weight
Pillar	ASHS	FLCH
Cost30% weight	C53	A100Higher
Mission25% weight	A75	A87Higher
Risk15% weight	B57	B64Higher
Tradability15% weight	C49	B62Higher
Holdings10% weight	A81Higher	B65
Durability5% weight	B60	A70Higher

Rank among China funds

How we build Categories ›

Same Category. ASHS and FLCH are both graded against the same 28 China funds, so their Grades compare head to head.

China⁠

Category · 28 funds

See all 28 ›

FLCH ranks 2nd and ASHS 10th of 28 funds in the China Category.

Rank 1ACXSEWisdomTree China ex-State-Owned Enterprises FundScore 81
Rank 2AFLCHFranklin FTSE China ETFScore 80
Rank 3AMCHIiShares MSCI China ETFScore 77
Rank 8BTCHIiShares MSCI China Multisector Tech ETFScore 63
Rank 10BASHSXtrackers Harvest CSI 500 China A-Shares Small Cap ETFScore 61
Rank 10BJCHIJPMorgan Active China ETF Active China ETFScore 61

Our read on each fund

ETF.net Research

ASHSBXtrackers Harvest CSI 500 China A-Shares Small Cap ETF

FLCHAFranklin FTSE China ETF

In short

ASHS A pure play on the small end of mainland China: roughly 500 of the smallest, most liquid A-shares, indexed and left alone. Running since 2014 at 0.65% a year.

FLCH Cheap and wide, in the best way. FLCH holds roughly a thousand Chinese stocks and charges 0.19% a year, a fraction of what most single-country China funds ask. Whole market, small toll.

Stated mandate

ASHS The Fund passively seeks to approximate an index tracking small-cap companies in China's A-Share market, specifically the 500 smallest and most liquid stocks.

FLCH The Fund seeks investment results that closely correspond, before fees and expenses, to the performance of the FTSE China RIC Capped Index.

Why people hold it

ASHS Specific mandate: roughly 500 of the smallest, most liquid stocks in China's onshore A-share market, tracked by index rather than stock-picked.
0.65% a year sits a shade under the middle of the China ETF pack, though broad-China alternatives run cheaper (FLCH at 0.19%, JCHI at 0.15%).
Live since 2014 and it stays on its stated small-cap A-share index instead of drifting. Lands in the upper half of its China peer group.
Spreading across about 500 names keeps any single mainland company from steering the whole portfolio.

FLCH 0.19% a year, against a roughly 0.70% median for China funds. It also undercuts the category stalwarts MCHI and GXC, both at 0.59%.
About 1,000 holdings, so you own the long tail of Chinese listings rather than a short list of mega-cap headline names.
One job, done tightly: mirror the FTSE China RIC Capped Index before fees. On tracking it ranks among the strongest builds in its China peer group.sec.gov

Worth knowing

ASHS Small fund, thin trading. Spreads can widen, so limit orders and patience matter more here than with the household-name China trackers.
One country, one size band, no hedging. That concentration shows up as one of the rougher rides in its China cohort.
Not built as an income line: distributions have not been a regular feature of this fund.

FLCH It is China or nothing. Policy shifts, regulatory news and the currency drive the ride, with no other market in the basket to cushion it.
Mid-sized and only moderately traded next to the category's giants, so bid-ask spreads can bite more on larger orders.
Cash comes once or twice a year, not monthly. This is an equity index vehicle, not an income schedule.

Full ASHS profile⁠

Full FLCH profile⁠

ASHS vs FLCH Holdings

How ASHS and FLCH differ

Overlap by weight

4.5%

Shared holdings make up 76.0% of ASHS and 4.5% of FLCH.

Level by level

Holdings333 in both4.5%
Sector11 Sectors52.8%
Countryby domicile96.6%
Asset classEquity100%

Sector

Sector weights in ASHS and FLCH, widest gap first
Sector	More in ASHSMore in FLCH	ASHS	FLCH
Technology	ASHS +24.8 points	36.1%	11.3%
Consumer Discretionary	FLCH +16.4 points	5.7%	22.1%
Communication	FLCH +14.2 points	2.3%	16.5%
Financials	FLCH +13.4 points	6.5%	19.9%
Materials	ASHS +10.6 points	16.1%	5.5%
Industrials	ASHS +9.7 points	17.0%	7.3%
Health Care	ASHS +1.6 points	8.6%	7.0%
Energy	FLCH +1.1 points	2.4%	3.5%
Consumer Staples	FLCH +1.0 points	2.3%	3.3%
Real Estate	FLCH +0.9 points	0.7%	1.6%
Utilities	ASHS +0.6 points	2.5%	1.9%

Country, concentration and asset class

Country by domicile

Country weights in ASHS and FLCH, widest gap first
Country	More in ASHSMore in FLCH	ASHS	FLCH
China	ASHS +3.4 points	99.6%	96.2%
Hong Kong	FLCH +1.9 points	0.0%	1.9%
United States	FLCH +1.0 points	0.3%	1.4%
Other countries (3)	FLCH +0.4 points	0.1%	0.5%

Outside the US: ASHS 0% developed, 100% emerging. FLCH 2% developed, 98% emerging.

Concentration

Weight in the 10 largest Holdings

ASHS7.2%
FLCH39.3%

Securities held

ASHS491
FLCH1,109

Asset class

ASHS: Equity
FLCH: Equity

Holdings

Only in ASHS158
In both333
Only in FLCH776

Only in ASHS

158 securities, 23.4% of ASHS by weight

Hongfa Technology Co A0.50%
Shandong Sinocera Functional Material Co Ltd0.39%
Qilu Bank Co Ltd - A0.37%
Beijing Huafeng Test & Control Technology Co Ltd0.37%
Zhejiang Shuanghuan Driveline Co Ltd0.36%
BeOne Medicines Ltd - A0.35%
Centre Testing International Group Co Ltd0.34%
Smartsens Technology Shang-A0.34%
Yangzhou Yangjie Electronic Technology Co Ltd - A0.32%
Hunan Yuneng New Energy Battery Material (A) (SC SZ)0.29%
Jiangsu Changshu Rural Commercial Bank Co Ltd-A0.29%
Ninebot Ltd0.27%
Chongqing Polycomp International C0.27%
Jiangsu Xinquan Automotive-A0.27%
Asr Microelectronics A0.26%
Jiangxi Zhengbang Technology Co Ltd - A0.26%
Thunder Software Technology Co Ltd0.26%
Suzhou Centec Communications C0.26%
Orbbec Inc A0.26%
Beijing Oriental Yuhong-A0.25%
Espressif Systems (Shanghai) Ltd A0.24%
Suzhou Novosense Microelectronics0.24%
Loncin Motor Co Ltd-A0.24%
Henan Pinggao Electric Co Ltd-A0.23%
Andon Health A0.22%
Zhejiang Rongtai Electric Material0.21%
Bohai Financial Investment Holding Co Ltd0.21%
Digital China Group Co Ltd-A0.21%
Beijing Yandong Microelect-A0.21%
Henan Zhongfu Industrial Ltd A0.21%
Fujian Anjoy Foods Co Ltd0.20%
Guangdong Dtech Technology Ltd A0.20%
Guangdong Hongda Blast A0.20%
Anhui Yingliu Electromechanical Lt0.19%
Suzhou Zelgen Biopharmaceuticals0.19%
Delton Technology Guangzho-A0.19%
Iray Technology Ltd A0.19%
Hebei Sinopack Electronic Technology Co Ltd0.19%
Xiamen Faratronic Co Ltd0.19%
G-Bits Network Technology-A0.19%
Tsinghua Tongfang Co Ltd-A0.19%
Fujian Wanchen Food Group Ltd A0.19%
Beijing Hyperstrong Technology Ltd0.18%
Zhejiang Dingli Machinery Co Ltd0.18%
Shenzhen SC New Energy Technology Corp0.18%
Mianyang Fulin Precision Co Ltd - A0.18%
Avic Chengdu Uas Co Ltd0.18%
Olympic Circuit Technology Ltd A0.18%
Zhejiang Sanmei Chemical Industry Co Ltd - A0.18%
Shenzhen H And T Intelligent A0.18%

Only in FLCH

776 securities, 95.5% of FLCH by weight

Tencent Holdings Ltd11.56%
Alibaba Group Holding Ltd8.88%
China Construction Bank-H4.38%
Ind & Comm Bk of China-H3.04%
Pdd Holdings Inc2.29%
Xiaomi Corp-Class B2.20%
Bank of China Ltd-H2.00%
Meituan-Class B1.90%
Netease Inc1.55%
Ping An Insurance Group C1.45%
Byd Co Ltd-H1.21%
Jd.com Inc-Class A1.19%
Petrochina Co Ltd-H1.09%
China Merchants Bank-H0.99%
Trip.com Group Ltd0.90%
Beone Medicines Ltd0.87%
China Life Insurance Co-H0.86%
Zijin Mining Group Co Ltd0.81%
Wuxi Biologics Cayman Inc0.80%
Baidu Inc-Class A-Hkd0.77%
Agricultural Bank of Chin0.71%
Kweichow Moutai Co Ltd-A0.70%
China Shenhua Energy Co-H0.69%
Innovent Biologics Inc0.63%
Yum China Holdings Inc0.59%
Picc Property & Casualty-0.55%
China Petroleum & Chemica0.53%
Ke Holdings Inc-Cl A0.45%
Kuaishou Technology0.45%
Pop Mart International Gr0.44%
Anta Sports Products Ltd0.44%
China Resources Land Ltd0.42%
Contemporary Amperex Tech0.41%
Geely Automobile Holdings0.41%
Wuxi Apptec Co Ltd-H0.38%
Nongfu Spring Co Ltd-H0.36%
China Citic Bank Corp Ltd0.36%
China Merchants Bank-A0.36%
H World Group Ltd0.35%
Contemporary Amperex Tech0.34%
Yangzijiang Shipbuilding0.34%
China Pacific Insurance G0.33%
China Hongqiao Group Ltd0.32%
Zto Express Cayman Inc0.31%
Bank of Communications Co0.30%
Cspc Pharmaceutical Group0.30%
Citic Ltd0.30%
New Oriental Education &0.29%
China Yangtze Power Co Lt0.29%
Midea Group Co Ltd-H0.29%

Weight gaps

The 100 widest of 333 Holdings in both funds.

Holding weights in ASHS and FLCH, widest gap first
Holding	More in ASHSMore in FLCH	ASHS	FLCH
Hangzhou Changchuan Technology Co Ltd	ASHS +0.90 points	0.95%	0.05%
Yuanjie Semicon A (Hk-C)	ASHS +0.80 points	0.83%	0.03%
Hwatsing Technology Co A	ASHS +0.80 points	0.83%	0.03%
Hua Hong Semiconductor Ltd	ASHS +0.67 points	0.70%	0.03%
Chifeng Jilong Gold Mining Co Ltd	ASHS +0.67 points	0.70%	0.03%
Skyverse Technology Co Ltd-A	ASHS +0.64 points	0.67%	0.03%
Raytron Technology Co Ltd	ASHS +0.62 points	0.65%	0.03%
Accelink Technologies Co Ltd-A	ASHS +0.62 points	0.65%	0.03%
Shenzhen Fastprint Circuit-A	ASHS +0.61 points	0.63%	0.02%
Sharetronic Data Technology-A	ASHS +0.60 points	0.63%	0.03%
Zhejiang Supcon Technology Ltd A	ASHS +0.58 points	0.60%	0.02%
Shenzhen A (Hk-C)	ASHS +0.57 points	0.60%	0.03%
Bank of Suzhou Co Ltd	ASHS +0.54 points	0.56%	0.02%
Pharmaron Beijing Co Ltd	ASHS +0.53 points	0.55%	0.02%
Ingenic Semiconductor Co Ltd	ASHS +0.52 points	0.54%	0.02%
Han's Laser Technology In-A	ASHS +0.52 points	0.54%	0.02%
Shenzhen Sunway Communication Co Ltd	ASHS +0.51 points	0.53%	0.02%
BlueFocus Communication Group-A	ASHS +0.50 points	0.52%	0.02%
Hubei Dinglong Co Ltd-A	ASHS +0.51 points	0.53%	0.02%
Tianshui Huatian Tech A	ASHS +0.49 points	0.51%	0.02%
Wangsu Science & Technolog-A	ASHS +0.45 points	0.47%	0.02%
Amlogic Shanghai Co Ltd	ASHS +0.45 points	0.46%	0.01%
China Minmetals Rare A	ASHS +0.44 points	0.46%	0.02%
Cig Shanghai (A) (Sc Sh)	ASHS +0.43 points	0.44%	0.01%
United Nova Technology (A) (SC SH)	ASHS +0.42 points	0.45%	0.03%
RoboTechnik Intelligent Techno	ASHS +0.42 points	0.44%	0.02%
Konfoong Materials International L	ASHS +0.41 points	0.43%	0.02%
Leader Harmonious Drive Sy-A	ASHS +0.40 points	0.42%	0.02%
Shenzhen Sunlord Elect A	ASHS +0.39 points	0.41%	0.02%
Guanghui Energy Co Ltd-A	ASHS +0.39 points	0.41%	0.02%
Shenzhen Megmeet Electrical Co. Ltd -A	ASHS +0.38 points	0.40%	0.02%
Wintime Energy Co Ltd-A	ASHS +0.38 points	0.39%	0.01%
Advanced Fiber A(Hk-C)	ASHS +0.38 points	0.40%	0.02%
EverProX Technologies (A) (SC SZ)	ASHS +0.37 points	0.39%	0.02%
Shannon Semiconductor Techn Cny 1.0	ASHS +0.37 points	0.39%	0.02%
Kingsemi Co Ltd	ASHS +0.37 points	0.38%	0.01%
Sangfor Technologies Inc	ASHS +0.37 points	0.39%	0.02%
Shanghai 2345 Network Hold-A	ASHS +0.37 points	0.38%	0.01%
Shenzhen Kedali Industry Co Ltd	ASHS +0.36 points	0.38%	0.02%
Zhejiang Crystal-Optech Co Ltd-A	ASHS +0.36 points	0.38%	0.02%
Henan Shijia Photons Technology (A) (SC SH)	ASHS +0.35 points	0.37%	0.01%
Anji Microelectronics Technology A	ASHS +0.36 points	0.37%	0.01%
Yangtze Optical Fibre And Cable Joint Stock Ltd Co - A	ASHS +0.35 points	0.39%	0.04%
Zhejiang Cfmoto Power Co L-A	ASHS +0.35 points	0.37%	0.02%
SooChow Securities Co Ltd	ASHS +0.35 points	0.37%	0.02%
Tongkun Group Co Ltd-A	ASHS +0.36 points	0.38%	0.02%
Founder Technology Group -A	ASHS +0.35 points	0.36%	0.01%
Shenzhen Kaifa Technology Co Ltd	ASHS +0.35 points	0.37%	0.02%
Zhejiang Longsheng Group C-A	ASHS +0.34 points	0.36%	0.02%
Gem Co Ltd-A	ASHS +0.35 points	0.36%	0.01%
Yunnan Energy New Material Co Ltd	ASHS +0.33 points	0.35%	0.02%
Hubei Feilihua Quartz Glass Co Ltd	ASHS +0.33 points	0.34%	0.01%
Do-Fluoride Chemical Co Ltd-A	ASHS +0.32 points	0.33%	<0.01%
Jiangsu Etern A (Hk-C)	ASHS +0.32 points	0.33%	<0.01%
Jiangsu Nata Opto-Electronic-A	ASHS +0.32 points	0.33%	0.01%
China Xd Electric Co A	ASHS +0.32 points	0.34%	0.02%
Asymchem Laboratories Tian Jin Co Ltd - A	ASHS +0.31 points	0.33%	0.02%
Kingfa Sci & Tech Co Ltd	ASHS +0.32 points	0.33%	0.01%
Hengyi Petrochemical Co -A	ASHS +0.31 points	0.33%	0.02%
Chengtun Mining Group Co Ltd - A	ASHS +0.31 points	0.32%	<0.01%
Kingnet Network Co Ltd	ASHS +0.31 points	0.33%	0.02%
Talkweb Information System-A	ASHS +0.30 points	0.32%	0.02%
Shenzhen Everwin Precision-A	ASHS +0.31 points	0.33%	0.02%
Gan & Lee Pharmaceuticals Co Ltd	ASHS +0.30 points	0.33%	0.03%
Yunnan Chihong Zinc & Germ-A	ASHS +0.30 points	0.31%	0.01%
Sinomine Resource Group Co Ltd	ASHS +0.30 points	0.31%	0.01%
Leo Group Co Ltd A	ASHS +0.30 points	0.31%	0.01%
Shenzhen Capchem Technology Co Ltd	ASHS +0.29 points	0.31%	0.02%
First Capital Securities C-A	ASHS +0.30 points	0.31%	0.01%
Lomon Billions Group Co -A	ASHS +0.29 points	0.31%	0.02%
Zhejiang Yinlun Machinery Ltd A	ASHS +0.29 points	0.30%	0.01%
Sunwoda Electronic Co Ltd	ASHS +0.29 points	0.30%	0.01%
Shandong Sun Paper Industry JS-A	ASHS +0.28 points	0.30%	0.02%
Jiangsu Hoperun Software C-A	ASHS +0.28 points	0.29%	0.01%
Beijing Roborock Technology Co Ltd	ASHS +0.28 points	0.29%	<0.01%
Bank of Changsha Co Ltd - A	ASHS +0.28 points	0.30%	0.02%
Changchun High & New Technology-A	ASHS +0.28 points	0.29%	<0.01%
Pacific Securities Co/The-A	ASHS +0.28 points	0.29%	<0.01%
APT Medical Inc-A	ASHS +0.28 points	0.29%	0.01%
Changjiang Securities Co L-A	ASHS +0.27 points	0.29%	0.02%
Caitong Securities Co Ltd - A	ASHS +0.27 points	0.29%	0.02%
Yunnan Tin Co Ltd-A	ASHS +0.27 points	0.29%	0.02%
Jiangsu Yoke Tech A	ASHS +0.27 points	0.28%	0.01%
Tianfeng Securities Co Ltd - A	ASHS +0.27 points	0.28%	0.01%
Fiberhome Telecommunication Technologies Co Ltd (A)	ASHS +0.27 points	0.28%	0.01%
Jchx Mining Mgmt A(Hk-C)	ASHS +0.27 points	0.29%	0.02%
Angel Yeast Co Ltd	ASHS +0.27 points	0.28%	0.01%
Qingdao TGOOD Electric Co Ltd-A	ASHS +0.26 points	0.27%	0.01%
Wuhan Jingce Electronic Gr-A	ASHS +0.26 points	0.27%	0.01%
Shanghai Allist Pharmaceuticals (A) (SC SH)	ASHS +0.25 points	0.27%	0.02%
Shanghai Putailai New Energy Technology Co Ltd - A	ASHS +0.25 points	0.27%	0.02%
Dong-E-E-Jiaoco Ltd-A	ASHS +0.25 points	0.27%	0.02%
Huaan Securities Co Ltd-A	ASHS +0.26 points	0.27%	0.01%
Shenghe Resources Holding Co Ltd-A	ASHS +0.25 points	0.26%	0.01%
Shanghai RAAS Blood Products Co Ltd-A	ASHS +0.25 points	0.27%	0.02%
Suzhou Maxwell Technologies Co Ltd	ASHS +0.25 points	0.26%	0.01%
Ningbo Joyson A (Hk-C)	ASHS +0.23 points	0.25%	0.02%
Suzhou TA&A Ultra Clean Technology Co Ltd Class A	ASHS +0.24 points	0.25%	0.01%
Western Superconducting Technologies Co Ltd - A	ASHS +0.23 points	0.24%	<0.01%
Hisense Electric Co Ltd	ASHS +0.24 points	0.26%	0.02%

All 496 ASHS holdings⁠All 967 FLCH holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

ASHS vs FLCH Cost

Overpaying ASHS vs FLCH

$8,765

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

ASHS 0.65%
$12,717
FLCH 0.19%
$3,952

Amount$10,000

Years30 years

Cost over time

ASHS 0.65%
FLCH 0.19%
Overpaying

Year by year

Year	ASHS	FLCH	Overpaying
10	$1,163	$347	$816
20	$4,440	$1,351	$3,089
30	$12,717	$3,952	$8,765

Expense ratio

0.65%ASHS
0.19%FLCH, cheaper

FLCH0.19%ASHS0.65%

0.19%5.01%

Middle half of China funds
Median 0.65%

FLCH cheapest of 28 funds

ASHS 11th cheapest of 28 funds

ASHS vs FLCH Dividends

Last 12 months to Oct 30, 2026

Yield (12M): ASHS 0.00%; FLCH 2.63%, better
Payout (12M): ASHS None; FLCH $0.51
Last payment: ASHS No data; FLCH $0.14
Ex-dividend: ASHS No data; FLCH Jun 26, 2026
Paid on: ASHS No data; FLCH Jul 6, 2026
Frequency: ASHS No data; FLCH Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

ASHS6 paymentsAll ASHS payments⁠

FLCHTwice a year · 18 paymentsAll FLCH payments⁠

ASHS vs FLCH Risk

Fall from peak · 5 years

ASHS
FLCH

Risk facts

VolatilityStd dev, 3 years: ASHS 29.1%FLCH 21.1%, better
Return per unit of riskSharpe ratio, 3 years: ASHS 0.27FLCH 0.29, better
Worst fallMax drawdown, 5 years: ASHS −45.5%, betterFLCH −48.1%
Market sensitivityBeta, 5 years: ASHS 0.99FLCH 0.55; Market = 1

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