CHIQ vs. KSTR

Last updated Jun 25, 2026

CHIQ (Global X MSCI China Consumer Discretionary ETF) and KSTR (KraneShares SSE STAR Market 50 Index ETF) are both China Equities funds - CHIQ tracks the MSCI China Consumer Discretionary 10/50 Index while KSTR tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. Over the past 5 years, CHIQ returned -13.15%/yr vs 1.14%/yr for KSTR. A 0.51 correlation means they provide meaningful diversification when combined. CHIQ charges 0.65%/yr vs 0.89%/yr for KSTR.

Performance

CHIQ vs. KSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI China Consumer Discretionary ETF (CHIQ) and KraneShares SSE STAR Market 50 Index ETF (KSTR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHIQ achieves a -24.52% return, which is significantly lower than KSTR's 50.99% return.

CHIQ

• 1D: -1.95%
• 1M: -13.48%
• YTD: -24.52%
• 6M: -25.41%
• 1Y: -24.60%
• 3Y*: -1.32%
• 5Y*: -13.15%
• 10Y*: 5.83%

KSTR

• 1D: 2.14%
• 1M: 9.85%
• YTD: 50.99%
• 6M: 50.59%
• 1Y: 108.70%
• 3Y*: 23.88%
• 5Y*: 1.14%
• 10Y*: —

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

CHIQ vs. KSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CHIQ Global X MSCI China Consumer Discretionary ETF	-24.52%	13.69%	10.74%	-10.70%	-22.01%	-35.86%
KSTR KraneShares SSE STAR Market 50 Index ETF	50.99%	42.82%	6.12%	-17.93%	-38.51%	-2.01%

Correlation

The correlation between CHIQ and KSTR is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.51

The correlation between CHIQ and KSTR shifts across timeframes, from 0.40 (1 year) to 0.53 (3 years), reflecting how their relationship changes across market environments.

CHIQ vs. KSTR - Sectors Allocation Comparison

Sectors	CHIQ	KSTR
Consumer Cyclical	95.8%	0.9%
Consumer Defensive	3.2%	-
Real Estate	0.3%	-
Technology	0.3%	86.3%
Industrials	0.2%	6.6%
Basic Materials	-	0.6%
Communication Services	-	-
Energy	-	0.9%
Financial Services	-	-
Healthcare	-	5.7%
Utilities	-	-

Return for Risk

CHIQ vs. KSTR — Risk / Return Rank

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

CHIQ

CHIQ Risk / Return Rank: 1
CHIQ Sharpe Ratio Rank: 1
CHIQ Sortino Ratio Rank: 1
CHIQ Omega Ratio Rank: 2
CHIQ Calmar Ratio Rank: 3
CHIQ Martin Ratio Rank: 0

KSTR

KSTR Risk / Return Rank: 89
KSTR Sharpe Ratio Rank: 93
KSTR Sortino Ratio Rank: 87
KSTR Omega Ratio Rank: 86
KSTR Calmar Ratio Rank: 94
KSTR Martin Ratio Rank: 84

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.

CHIQ vs. KSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CHIQ	KSTR	Difference
Sharpe ratio: Return per unit of total volatility	-1.11	2.93	-4.04
Sortino ratio: Return per unit of downside risk	-1.57	3.50	-5.07
Omega ratio: Gain probability vs. loss probability	0.83	1.46	-0.63
Calmar ratio: Return relative to maximum drawdown	-0.72	6.18	-6.90
Martin ratio: Return relative to average drawdown	-1.78	15.24	-17.02

CHIQ vs. KSTR - Sharpe Ratio Comparison

The current CHIQ Sharpe Ratio is -1.11, which is lower than the KSTR Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of CHIQ and KSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CHIQ vs. KSTR - Drawdown Comparison

The maximum CHIQ drawdown since its inception was -67.04%, roughly equal to the maximum KSTR drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for CHIQ and KSTR.

Drawdown Indicators

	CHIQ	KSTR	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-66.46%	-0.58%
Max Drawdown (1Y) Largest decline over 1 year	-34.18%	-17.70%	-16.48%
Max Drawdown (3Y) Largest decline over 3 years	-34.18%	-41.55%	+7.37%
Max Drawdown (5Y) Largest decline over 5 years	-59.95%	-66.46%	+6.51%
Max Drawdown (10Y) Largest decline over 10 years	-67.04%	—	—
Current Drawdown Current decline from peak	-60.40%	-0.25%	-60.15%
Average Drawdown Average peak-to-trough decline	-30.69%	-38.44%	+7.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.85%	7.16%	+6.69%

Volatility

CHIQ vs. KSTR - Volatility Comparison

The current volatility for Global X MSCI China Consumer Discretionary ETF (CHIQ) is 6.65%, while KraneShares SSE STAR Market 50 Index ETF (KSTR) has a volatility of 16.13%. This indicates that CHIQ experiences smaller price fluctuations and is considered to be less risky than KSTR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHIQ	KSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.65%	16.13%	-9.48%
Volatility (6M) Calculated over the trailing 6-month period	16.23%	28.67%	-12.44%
Volatility (1Y) Calculated over the trailing 1-year period	22.45%	37.32%	-14.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.75%	38.61%	-0.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.43%	37.86%	-5.43%

CHIQ vs. KSTR - Expense Ratio Comparison

CHIQ has a 0.65% expense ratio, which is lower than KSTR's 0.89% expense ratio.

Dividends

CHIQ vs. KSTR - Dividend Comparison

CHIQ's dividend yield for the trailing twelve months is around 1.96%, while KSTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHIQ Global X MSCI China Consumer Discretionary ETF	1.96%	1.48%	2.65%	2.26%	0.38%	0.00%	0.11%	1.05%	2.71%	0.62%	1.51%	4.86%
KSTR KraneShares SSE STAR Market 50 Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CHIQ and KSTR in my portfolio?

CHIQ and KSTR have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHIQ or KSTR?

KSTR has higher volatility (16.13%) compared to CHIQ (6.65%). In terms of maximum drawdown, CHIQ dropped -67.04% vs KSTR's -66.46%.

Which ETF is better, CHIQ or KSTR?

On 5-year performance, KSTR leads with 1.14% vs -13.15% for CHIQ. On fees, CHIQ is cheaper at 0.65% per year. On volatility, CHIQ has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CHIQ or KSTR?

Over the 5-year period, KSTR has performed better with a 1.14% return vs -13.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CHIQ or KSTR?

CHIQ is cheaper with a 0.65% expense ratio, compared with 0.89% for KSTR.

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

CHIQ has the higher dividend yield at 1.96%, compared with 0.00% for KSTR.

What is the main difference between CHIQ and KSTR?

CHIQ tracks MSCI China Consumer Discretionary 10/50 Index, while KSTR tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: Global X and KraneShares. Their fees differ too: 0.65% for CHIQ and 0.89% for KSTR.

Which has better risk-adjusted returns?

KSTR currently has the higher Sharpe Ratio (2.93 vs -1.11), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.