CNQQ vs. KSTR

Last updated Jun 5, 2026

CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and KSTR (KraneShares SSE STAR Market 50 Index ETF) are both China Equities funds - CNQQ tracks the Solactive ChinaAMC Transformative China Tech while KSTR tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. A 0.80 correlation means they provide meaningful diversification when combined. CNQQ charges 0.75%/yr vs 0.89%/yr for KSTR.

Performance

CNQQ vs. KSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) 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, CNQQ achieves a 12.03% return, which is significantly lower than KSTR's 34.18% return.

CNQQ

• 1D: 0.38%
• 1M: 7.11%
• YTD: 12.03%
• 6M: 12.44%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KSTR

• 1D: 0.93%
• 1M: 7.35%
• YTD: 34.18%
• 6M: 38.49%
• 1Y: 83.87%
• 3Y*: 16.90%
• 5Y*: -0.02%
• 10Y*: —

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

CNQQ vs. KSTR - Yearly Performance Comparison

	2026 (YTD)	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	12.03%	-5.96%
KSTR KraneShares SSE STAR Market 50 Index ETF	34.18%	-3.67%

Correlation

The correlation between CNQQ and KSTR is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.80

Return for Risk

CNQQ 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: 72
KSTR Sharpe Ratio Rank: 75
KSTR Sortino Ratio Rank: 67
KSTR Omega Ratio Rank: 68
KSTR Calmar Ratio Rank: 86
KSTR Martin Ratio Rank: 67

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.

CNQQ vs. KSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) 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

	CNQQ	KSTR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.38	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.00	+0.32

Drawdowns

CNQQ vs. KSTR - Drawdown Comparison

The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum KSTR drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for CNQQ and KSTR.

Drawdown Indicators

	CNQQ	KSTR	Difference
Max Drawdown Largest peak-to-trough decline	-17.82%	-66.46%	+48.64%
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	-1.09%	-10.15%	+9.06%
Average Drawdown Average peak-to-trough decline	-9.19%	-38.75%	+29.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	6.98%	—

Volatility

Volatility by Period

	CNQQ	KSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	15.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	26.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.37%	35.48%	-11.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.37%	38.30%	-13.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.37%	37.67%	-13.30%

CNQQ vs. KSTR - Expense Ratio Comparison

CNQQ has a 0.75% expense ratio, which is lower than KSTR's 0.89% expense ratio.

Dividends

CNQQ vs. KSTR - Dividend Comparison

CNQQ's dividend yield for the trailing twelve months is around 0.23%, while KSTR has not paid dividends to shareholders.

Position	TTM	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.23%	0.09%
KSTR KraneShares SSE STAR Market 50 Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both CNQQ and KSTR in my portfolio?

CNQQ 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, CNQQ or KSTR?

On fees, CNQQ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CNQQ or KSTR?

CNQQ is cheaper with a 0.75% expense ratio, compared with 0.89% for KSTR.

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

CNQQ has the higher dividend yield at 0.23%, compared with 0.00% for KSTR.

What is the main difference between CNQQ and KSTR?

CNQQ tracks Solactive ChinaAMC Transformative China Tech, while KSTR tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: Rayliant and KraneShares. Their fees differ too: 0.75% for CNQQ and 0.89% for KSTR.