CNYA.L vs. KSTR.L
CNYA.L (iShares MSCI China A UCITS ETF USD (Acc)) and KSTR.L (KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)) are both China Equities funds - CNYA.L tracks the MSCI China A Inclusion Index (Net) while KSTR.L tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. Over the past 5 years, CNYA.L returned -1.95%/yr vs -1.43%/yr for KSTR.L. A 0.74 correlation means they provide meaningful diversification when combined. CNYA.L charges 0.40%/yr vs 0.82%/yr for KSTR.L.
Performance
CNYA.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, CNYA.L achieves a 0.69% return, which is significantly lower than KSTR.L's 33.13% return.
CNYA.L
- 1D
- -3.49%
- 1M
- -8.65%
- 6M
- -2.19%
- YTD
- 0.69%
- 1Y
- 20.29%
- 3Y*
- 8.65%
- 5Y*
- -1.95%
- 10Y*
- 5.05%
KSTR.L
- 1D
- -5.63%
- 1M
- -7.01%
- 6M
- 17.12%
- YTD
- 33.13%
- 1Y
- 79.93%
- 3Y*
- 19.20%
- 5Y*
- -1.43%
- 10Y*
- —
CNYA.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
CNYA.L iShares MSCI China A UCITS ETF USD (Acc) | 0.69% | 26.26% | 11.19% | -14.20% | -26.19% | -1.96% |
KSTR.L KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) | 33.13% | 42.76% | 5.23% | -18.80% | -38.16% | 2.78% |
Correlation
The correlation between CNYA.L and KSTR.L is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.74 |
The correlation between CNYA.L and KSTR.L has been stable across timeframes, ranging from 0.74 to 0.76 - a consistent structural relationship.
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Return for Risk
CNYA.L vs. KSTR.L — Risk / Return Rank
CNYA.L
KSTR.L
CNYA.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) and KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L). 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.
| CNYA.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.34 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 3.37 | -1.54 |
| Martin ratioReturn relative to average drawdown | 6.53 | 10.31 | -3.78 |
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Drawdowns
CNYA.L vs. KSTR.L - Drawdown Comparison
The maximum CNYA.L drawdown since its inception was -52.23%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for CNYA.L and KSTR.L.
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Drawdown Indicators
| CNYA.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.23% | -66.67% | +14.44% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -23.57% | +12.54% |
Max Drawdown (3Y)Largest decline over 3 years | -27.99% | -35.82% | +7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -44.56% | -66.38% | +21.82% |
Max Drawdown (10Y)Largest decline over 10 years | -49.31% | — | — |
Current DrawdownCurrent decline from peak | -19.75% | -23.57% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -32.14% | -39.82% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 7.73% | -4.63% |
Volatility
CNYA.L vs. KSTR.L - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF USD (Acc) (CNYA.L) is 9.39%, while KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) has a volatility of 19.71%. This indicates that CNYA.L experiences smaller price fluctuations and is considered to be less risky than KSTR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CNYA.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.39% | 19.71% | -10.32% |
Volatility (6M)Calculated over the trailing 6-month period | 15.41% | 34.05% | -18.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.65% | 41.03% | -21.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.95% | 34.61% | -11.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.92% | 34.55% | -11.63% |
CNYA.L vs. KSTR.L - Expense Ratio Comparison
CNYA.L has a 0.40% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
CNYA.L vs. KSTR.L - Dividend Comparison
Neither CNYA.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
CNYA.L and KSTR.L have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CNYA.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CNYA.L is cheaper with a 0.40% expense ratio, compared with 0.82% for KSTR.L.
CNYA.L tracks MSCI China A Inclusion Index (Net), while KSTR.L tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.40% for CNYA.L and 0.82% for KSTR.L.
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