FLPE.L vs. KSTR.L
FLPE.L (Northern Trust Listed Private Equity UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - FLPE.L tracks the Northern Trust Listed Private Equity UCITS ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 3 years, FLPE.L returned 10.46%/yr vs 21.82%/yr for KSTR.L. At a 0.18 correlation, their price movements are largely independent. FLPE.L charges 0.40%/yr vs 0.82%/yr for KSTR.L.
Performance
FLPE.L vs. KSTR.L - Performance Comparison
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Different Trading Currencies
FLPE.L is traded in GBP, while KSTR.L is traded in USD. To make them comparable, the KSTR.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FLPE.L achieves a -13.96% return, which is significantly lower than KSTR.L's 47.78% return.
FLPE.L
- 1D
- -1.43%
- 1M
- -0.02%
- 6M
- -14.85%
- YTD
- -13.96%
- 1Y
- -15.94%
- 3Y*
- 10.46%
- 5Y*
- —
- 10Y*
- —
KSTR.L
- 1D
- 0.00%
- 1M
- 7.59%
- 6M
- 30.93%
- YTD
- 47.78%
- 1Y
- 100.79%
- 3Y*
- 21.82%
- 5Y*
- 1.08%
- 10Y*
- —
FLPE.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FLPE.L Northern Trust Listed Private Equity UCITS ETF | -13.96% | -1.74% | 31.38% | 35.15% | -37.39% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 47.78% | 32.59% | 7.07% | -22.86% | -21.08% |
Correlation
The correlation between FLPE.L and KSTR.L is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Jan 31, 2022 | 0.18 |
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Return for Risk
FLPE.L vs. KSTR.L — Risk / Return Rank
FLPE.L
KSTR.L
FLPE.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Trust Listed Private Equity UCITS ETF (FLPE.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.
| FLPE.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.25 | ||
| Sortino ratioReturn per unit of downside risk | -3.86 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.42 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.57 | 5.51 | -6.07 |
| Martin ratioReturn relative to average drawdown | -1.06 | 13.88 | -14.94 |
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Drawdowns
FLPE.L vs. KSTR.L - Drawdown Comparison
The maximum FLPE.L drawdown since its inception was -43.46%, smaller than the maximum KSTR.L drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for FLPE.L and KSTR.L.
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Drawdown Indicators
| FLPE.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.46% | -65.22% | +21.76% |
Max Drawdown (1Y)Largest decline over 1 year | -28.35% | -18.17% | -10.18% |
Max Drawdown (3Y)Largest decline over 3 years | -30.16% | -38.63% | +8.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -65.22% | — |
Current DrawdownCurrent decline from peak | -21.58% | -16.50% | -5.08% |
Average DrawdownAverage peak-to-trough decline | -20.81% | -35.63% | +14.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.26% | 7.22% | +8.04% |
Volatility
FLPE.L vs. KSTR.L - Volatility Comparison
The current volatility for Northern Trust Listed Private Equity UCITS ETF (FLPE.L) is 6.26%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 18.96%. This indicates that FLPE.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
| FLPE.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 18.96% | -12.70% |
Volatility (6M)Calculated over the trailing 6-month period | 17.73% | 32.99% | -15.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.61% | 39.98% | -18.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.11% | 33.76% | -7.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.11% | 33.70% | -7.59% |
FLPE.L vs. KSTR.L - Expense Ratio Comparison
FLPE.L has a 0.40% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
FLPE.L vs. KSTR.L - Dividend Comparison
Neither FLPE.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
FLPE.L and KSTR.L have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLPE.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLPE.L is cheaper with a 0.40% expense ratio, compared with 0.82% for KSTR.L.
FLPE.L tracks Northern Trust Listed Private Equity UCITS ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: Northern Trust and KraneShares. Their fees differ too: 0.40% for FLPE.L and 0.82% for KSTR.L.
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