CNXT vs. KSTR
Compare and contrast key facts about VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) and KraneShares SSE STAR Market 50 Index ETF (KSTR).
CNXT and KSTR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. KSTR is a passively managed fund by KraneShares that tracks the performance of the SSE Science and Technology Innovation Board 50 Index. It was launched on Jan 26, 2021. Both CNXT and KSTR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNXT or KSTR.
Key characteristics
| CNXT | KSTR | |
|---|---|---|
| YTD Return | 25.62% | 11.34% |
| 1Y Return | 19.76% | 9.01% |
| 3Y Return (Ann) | -14.36% | -17.31% |
| Sharpe Ratio | 0.45 | 0.19 |
| Sortino Ratio | 1.09 | 0.77 |
| Omega Ratio | 1.17 | 1.12 |
| Calmar Ratio | 0.34 | 0.16 |
| Martin Ratio | 1.43 | 0.53 |
| Ulcer Index | 16.10% | 19.99% |
| Daily Std Dev | 50.49% | 57.33% |
| Max Drawdown | -68.98% | -66.46% |
| Current Drawdown | -48.59% | -50.81% |
Correlation
The correlation between CNXT and KSTR is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CNXT vs. KSTR - Performance Comparison
In the year-to-date period, CNXT achieves a 25.62% return, which is significantly higher than KSTR's 11.34% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CNXT vs. KSTR - Expense Ratio Comparison
CNXT has a 0.65% expense ratio, which is lower than KSTR's 0.89% expense ratio.
Risk-Adjusted Performance
CNXT vs. KSTR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) 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.
Dividends
CNXT vs. KSTR - Dividend Comparison
Neither CNXT nor KSTR has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.00% | 0.00% | 0.00% | 9.23% | 0.01% | 0.45% | 0.00% | 0.19% |
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CNXT vs. KSTR - Drawdown Comparison
The maximum CNXT drawdown since its inception was -68.98%, roughly equal to the maximum KSTR drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for CNXT and KSTR. For additional features, visit the drawdowns tool.
Volatility
CNXT vs. KSTR - Volatility Comparison
The current volatility for VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) is 30.75%, while KraneShares SSE STAR Market 50 Index ETF (KSTR) has a volatility of 35.20%. This indicates that CNXT 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.