CAS vs. KSTR

Last updated Jun 4, 2026

CAS (Simplify China A Shares PLUS Income ETF) and KSTR (KraneShares SSE STAR Market 50 Index ETF) are both China Equities funds. CAS is actively managed, while KSTR is passively managed. Their correlation of 0.80 suggests significant overlap in exposure. CAS charges 0.88%/yr vs 0.89%/yr for KSTR.

Performance

CAS vs. KSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify China A Shares PLUS Income ETF (CAS) and KraneShares SSE STAR Market 50 Index ETF (KSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CAS

• 1D: -0.49%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KSTR

• 1D: 1.39%
• 1M: 7.01%
• YTD: 32.94%
• 6M: 38.23%
• 1Y: 83.76%
• 3Y*: 16.36%
• 5Y*: -0.21%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAS vs. KSTR - Yearly Performance Comparison

	2026 (YTD)
CAS Simplify China A Shares PLUS Income ETF	-1.66%
KSTR KraneShares SSE STAR Market 50 Index ETF	-6.54%

Correlation

The correlation between CAS and KSTR is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	0.80

CAS vs. KSTR - Sectors Allocation Comparison

Sectors	CAS	KSTR
Financial Services	43.4%	-
Basic Materials	-	0.6%
Communication Services	-	-
Consumer Cyclical	-	1.4%
Consumer Defensive	-	-
Energy	-	0.9%
Healthcare	-	4.1%
Industrials	-	6.5%
Real Estate	-	-
Technology	-	78.5%
Utilities	-	-

Return for Risk

CAS vs. KSTR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KSTR

KSTR Risk / Return Rank: 71
KSTR Sharpe Ratio Rank: 72
KSTR Sortino Ratio Rank: 64
KSTR Omega Ratio Rank: 65
KSTR Calmar Ratio Rank: 86
KSTR Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAS vs. KSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) and KraneShares SSE STAR Market 50 Index ETF (KSTR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CAS	KSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.37	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	-3.61	-0.00	-3.61

Drawdowns

CAS vs. KSTR - Drawdown Comparison

The maximum CAS drawdown since its inception was -2.59%, smaller than the maximum KSTR drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for CAS and KSTR.

Drawdown Indicators

	CAS	KSTR	Difference
Max Drawdown Largest peak-to-trough decline	-2.59%	-66.46%	+63.87%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.70%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.55%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-66.46%	—
Current Drawdown Current decline from peak	-1.66%	-10.98%	+9.32%
Average Drawdown Average peak-to-trough decline	-1.72%	-38.77%	+37.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.97%	—

Volatility

Volatility by Period

	CAS	KSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.21%	—
Volatility (1Y) Calculated over the trailing 1-year period	20.83%	35.48%	-14.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	38.31%	-17.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	37.68%	-16.85%

CAS vs. KSTR - Expense Ratio Comparison

CAS has a 0.88% expense ratio, which is lower than KSTR's 0.89% expense ratio.

Dividends

CAS vs. KSTR - Dividend Comparison

Neither CAS nor KSTR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both CAS and KSTR in my portfolio?

CAS and KSTR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAS or KSTR?

On fees, CAS is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAS or KSTR?

CAS is cheaper with a 0.88% expense ratio, compared with 0.89% for KSTR.

Which ETF pays a higher dividend yield, CAS or KSTR?

CAS and KSTR have nearly identical dividend yields, around 0.00%.

What is the main difference between CAS and KSTR?

They also come from different issuers: Simplify and KraneShares. Their fees differ too: 0.88% for CAS and 0.89% for KSTR.