CN vs. KSTR

Last updated Jun 25, 2026

CN (Xtrackers MSCI All China Equity ETF) and KSTR (KraneShares SSE STAR Market 50 Index ETF) are both China Equities funds - CN tracks the MSCI China All Shares while KSTR tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. At a 0.40 correlation, their price movements are largely independent. CN charges 0.50%/yr vs 0.89%/yr for KSTR.

Performance

CN vs. KSTR - Performance Comparison

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

Returns By Period

CN

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

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)

CN vs. KSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-21.63%
KSTR KraneShares SSE STAR Market 50 Index ETF	50.99%	42.82%	6.12%	-17.93%	-38.51%	-2.01%

Correlation

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

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.40

The correlation between CN and KSTR shifts across timeframes, from 0.25 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.

CN vs. KSTR - Sectors Allocation Comparison

Sectors	CN	KSTR
Financial Services	55.1%	-
Consumer Cyclical	5.4%	0.9%
Industrials	1.0%	6.6%
Energy	0.9%	0.9%
Real Estate	0.8%	-
Healthcare	0.8%	5.7%
Basic Materials	0.6%	0.6%
Communication Services	0.4%	-
Technology	0.3%	86.3%
Consumer Defensive	0.3%	-
Utilities	0.2%	-

Return for Risk

CN vs. KSTR — Risk / Return Rank

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

CN

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

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.

CN vs. KSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All China Equity ETF (CN) 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.

	CN	KSTR	Difference
Sharpe ratio: Return per unit of total volatility	—	2.93	—
Sortino ratio: Return per unit of downside risk	—	3.50	—
Omega ratio: Gain probability vs. loss probability	—	1.46	—
Calmar ratio: Return relative to maximum drawdown	—	6.18	—
Martin ratio: Return relative to average drawdown	—	15.24	—

Drawdowns

Drawdown Indicators

	CN	KSTR	Difference
Max Drawdown Largest peak-to-trough decline	—	-66.46%	—
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	—	-0.25%	—
Average Drawdown Average peak-to-trough decline	—	-38.44%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.16%	—

Volatility

Volatility by Period

	CN	KSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	16.13%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	37.32%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	38.61%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	37.86%	—

CN vs. KSTR - Expense Ratio Comparison

CN has a 0.50% expense ratio, which is lower than KSTR's 0.89% expense ratio.

Dividends

CN vs. KSTR - Dividend Comparison

Neither CN nor KSTR has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%
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 CN and KSTR in my portfolio?

CN 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 ETF is better, CN or KSTR?

On fees, CN is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CN or KSTR?

CN is cheaper with a 0.50% expense ratio, compared with 0.89% for KSTR.

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

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

What is the main difference between CN and KSTR?

CN tracks MSCI China All Shares, while KSTR tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: Deutsche Bank and KraneShares. Their fees differ too: 0.50% for CN and 0.89% for KSTR.