FLCH vs. KSTR

Last updated Jun 24, 2026

FLCH (Franklin FTSE China ETF) and KSTR (KraneShares SSE STAR Market 50 Index ETF) are both China Equities funds - FLCH tracks the FTSE China RIC Capped Index while KSTR tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. Over the past 5 years, FLCH returned -5.91%/yr vs 1.10%/yr for KSTR. A 0.54 correlation means they provide meaningful diversification when combined. FLCH charges 0.19%/yr vs 0.89%/yr for KSTR.

Performance

FLCH vs. KSTR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE China ETF (FLCH) 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, FLCH achieves a -12.17% return, which is significantly lower than KSTR's 47.82% return.

FLCH

• 1D: -1.88%
• 1M: -5.67%
• YTD: -12.17%
• 6M: -12.94%
• 1Y: -0.05%
• 3Y*: 8.98%
• 5Y*: -5.91%
• 10Y*: —

KSTR

• 1D: -2.34%
• 1M: 7.54%
• YTD: 47.82%
• 6M: 47.90%
• 1Y: 108.41%
• 3Y*: 23.01%
• 5Y*: 1.10%
• 10Y*: —

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

FLCH vs. KSTR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLCH Franklin FTSE China ETF	-12.17%	32.55%	18.00%	-11.21%	-22.74%	-30.53%
KSTR KraneShares SSE STAR Market 50 Index ETF	47.82%	42.82%	6.12%	-17.93%	-38.51%	-2.01%

Correlation

The correlation between FLCH and KSTR is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jan 27, 2021	0.54

The correlation between FLCH and KSTR has been stable across timeframes, ranging from 0.53 to 0.59 - a consistent structural relationship.

FLCH vs. KSTR - Sectors Allocation Comparison

Sectors	FLCH	KSTR
Consumer Cyclical	25.5%	0.9%
Technology	16.8%	86.3%
Industrials	15.5%	6.6%
Financial Services	14.4%	-
Energy	12.6%	0.9%
Basic Materials	6.0%	0.6%
Communication Services	2.1%	-
Healthcare	2.1%	5.7%
Utilities	2.0%	-
Real Estate	1.6%	-
Consumer Defensive	1.2%	-

Return for Risk

FLCH vs. KSTR — Risk / Return Rank

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

FLCH

FLCH Risk / Return Rank: 9
FLCH Sharpe Ratio Rank: 9
FLCH Sortino Ratio Rank: 8
FLCH Omega Ratio Rank: 8
FLCH Calmar Ratio Rank: 9
FLCH Martin Ratio Rank: 9

KSTR

KSTR Risk / Return Rank: 86
KSTR Sharpe Ratio Rank: 91
KSTR Sortino Ratio Rank: 84
KSTR Omega Ratio Rank: 83
KSTR Calmar Ratio Rank: 93
KSTR Martin Ratio Rank: 81

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.

FLCH vs. KSTR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE China ETF (FLCH) 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.

	FLCH	KSTR	Difference
Sharpe ratio: Return per unit of total volatility	-0.00	2.93	-2.93
Sortino ratio: Return per unit of downside risk	0.13	3.49	-3.36
Omega ratio: Gain probability vs. loss probability	1.02	1.46	-0.44
Calmar ratio: Return relative to maximum drawdown	-0.00	6.16	-6.16
Martin ratio: Return relative to average drawdown	-0.01	15.20	-15.21

FLCH vs. KSTR - Sharpe Ratio Comparison

The current FLCH Sharpe Ratio is -0.00, which is lower than the KSTR Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of FLCH and KSTR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLCH vs. KSTR - Drawdown Comparison

The maximum FLCH drawdown since its inception was -62.09%, smaller than the maximum KSTR drawdown of -66.46%. Use the drawdown chart below to compare losses from any high point for FLCH and KSTR.

Drawdown Indicators

	FLCH	KSTR	Difference
Max Drawdown Largest peak-to-trough decline	-62.09%	-66.46%	+4.37%
Max Drawdown (1Y) Largest decline over 1 year	-19.59%	-17.70%	-1.89%
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	-41.55%	+16.12%
Max Drawdown (5Y) Largest decline over 5 years	-55.78%	-66.46%	+10.68%
Current Drawdown Current decline from peak	-38.09%	-2.34%	-35.75%
Average Drawdown Average peak-to-trough decline	-30.55%	-38.47%	+7.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.32%	7.16%	+1.16%

Volatility

FLCH vs. KSTR - Volatility Comparison

The current volatility for Franklin FTSE China ETF (FLCH) is 5.65%, while KraneShares SSE STAR Market 50 Index ETF (KSTR) has a volatility of 16.10%. This indicates that FLCH 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.

Volatility by Period

	FLCH	KSTR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	16.10%	-10.45%
Volatility (6M) Calculated over the trailing 6-month period	14.07%	28.62%	-14.55%
Volatility (1Y) Calculated over the trailing 1-year period	19.43%	37.27%	-17.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.63%	38.60%	-8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.86%	37.87%	-10.01%

FLCH vs. KSTR - Expense Ratio Comparison

FLCH has a 0.19% expense ratio, which is lower than KSTR's 0.89% expense ratio.

Dividends

FLCH vs. KSTR - Dividend Comparison

FLCH's dividend yield for the trailing twelve months is around 1.77%, while KSTR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FLCH Franklin FTSE China ETF	1.77%	2.36%	2.87%	3.47%	2.69%	1.48%	0.91%	1.98%	1.92%	0.01%
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%

Frequently Asked Questions

Can I hold both FLCH and KSTR in my portfolio?

FLCH and KSTR have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLCH or KSTR?

KSTR has higher volatility (16.10%) compared to FLCH (5.65%). In terms of maximum drawdown, FLCH dropped -62.09% vs KSTR's -66.46%.

Which ETF is better, FLCH or KSTR?

On 5-year performance, KSTR leads with 1.10% vs -5.91% for FLCH. On fees, FLCH is cheaper at 0.19% per year. On volatility, FLCH has been the lower-risk option at 5.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FLCH or KSTR?

Over the 5-year period, KSTR has performed better with a 1.10% return vs -5.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FLCH or KSTR?

FLCH is cheaper with a 0.19% expense ratio, compared with 0.89% for KSTR.

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

FLCH has the higher dividend yield at 1.77%, compared with 0.00% for KSTR.

What is the main difference between FLCH and KSTR?

FLCH tracks FTSE China RIC Capped Index, while KSTR tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: Franklin Templeton and KraneShares. Their fees differ too: 0.19% for FLCH and 0.89% for KSTR.

Which has better risk-adjusted returns?

KSTR currently has the higher Sharpe Ratio (2.93 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.