DH2O.L vs. KSTR.L
DH2O.L (iShares Global Water UCITS ETF USD (Dist)) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - DH2O.L tracks the S&P Global Water Index (NET) (USD) while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 5 years, DH2O.L returned 4.80%/yr vs -0.22%/yr for KSTR.L. At a 0.21 correlation, their price movements are largely independent. DH2O.L charges 0.65%/yr vs 0.82%/yr for KSTR.L.
Performance
DH2O.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, DH2O.L achieves a 2.64% return, which is significantly lower than KSTR.L's 41.53% return.
DH2O.L
- 1D
- -0.07%
- 1M
- 2.85%
- 6M
- 0.83%
- YTD
- 2.64%
- 1Y
- 6.10%
- 3Y*
- 8.88%
- 5Y*
- 4.80%
- 10Y*
- 9.56%
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
DH2O.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 2.64% | 17.60% | 4.29% | 13.57% | -20.83% | 14.93% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | 2.78% |
Correlation
The correlation between DH2O.L and KSTR.L is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.21 |
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Return for Risk
DH2O.L vs. KSTR.L — Risk / Return Rank
DH2O.L
KSTR.L
DH2O.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Water UCITS ETF USD (Dist) (DH2O.L) and KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (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.
| DH2O.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.76 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.38 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 4.76 | -4.09 |
| Martin ratioReturn relative to average drawdown | 1.53 | 12.21 | -10.68 |
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Drawdowns
DH2O.L vs. KSTR.L - Drawdown Comparison
The maximum DH2O.L drawdown since its inception was -56.90%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for DH2O.L and KSTR.L.
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Drawdown Indicators
| DH2O.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.90% | -66.67% | +9.77% |
Max Drawdown (1Y)Largest decline over 1 year | -10.53% | -19.42% | +8.89% |
Max Drawdown (3Y)Largest decline over 3 years | -16.08% | -36.60% | +20.52% |
Max Drawdown (5Y)Largest decline over 5 years | -32.43% | -66.38% | +33.95% |
Max Drawdown (10Y)Largest decline over 10 years | -35.56% | — | — |
Current DrawdownCurrent decline from peak | -5.23% | -18.75% | +13.52% |
Average DrawdownAverage peak-to-trough decline | -10.39% | -39.83% | +29.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 7.58% | -3.00% |
Volatility
DH2O.L vs. KSTR.L - Volatility Comparison
The current volatility for iShares Global Water UCITS ETF USD (Dist) (DH2O.L) is 4.04%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that DH2O.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
| DH2O.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.04% | 19.20% | -15.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.79% | 33.48% | -22.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.58% | 40.57% | -26.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 34.52% | -17.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.48% | 34.46% | -17.98% |
DH2O.L vs. KSTR.L - Expense Ratio Comparison
DH2O.L has a 0.65% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
DH2O.L vs. KSTR.L - Dividend Comparison
DH2O.L's dividend yield for the trailing twelve months is around 1.36%, while KSTR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DH2O.L iShares Global Water UCITS ETF USD (Dist) | 1.36% | 1.33% | 1.06% | 1.18% | 1.09% | 1.66% | 0.94% | 1.39% | 1.80% | 1.46% | 1.76% | 1.65% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS 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
DH2O.L and KSTR.L have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DH2O.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DH2O.L is cheaper with a 0.65% expense ratio, compared with 0.82% for KSTR.L.
DH2O.L tracks S&P Global Water Index (NET) (USD), while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.65% for DH2O.L and 0.82% for KSTR.L.
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