FLXC.L vs. KSTR.L

Last updated Jul 18, 2026

FLXC.L (Franklin FTSE China UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)) are both China Equities funds - FLXC.L tracks the MSCI China NR USD while KSTR.L tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. Over the past 5 years, FLXC.L returned -4.90%/yr vs -1.43%/yr for KSTR.L. A 0.53 correlation means they provide meaningful diversification when combined. FLXC.L charges 0.19%/yr vs 0.82%/yr for KSTR.L.

Performance

FLXC.L vs. KSTR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin FTSE China UCITS ETF (FLXC.L) and KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLXC.L achieves a -11.12% return, which is significantly lower than KSTR.L's 33.13% return.

FLXC.L

• 1D: -2.76%
• 1M: -2.40%
• 6M: -13.98%
• YTD: -11.12%
• 1Y: -3.90%
• 3Y*: 8.33%
• 5Y*: -4.90%
• 10Y*: —

KSTR.L

• 1D: -5.63%
• 1M: -7.01%
• 6M: 17.12%
• YTD: 33.13%
• 1Y: 79.93%
• 3Y*: 19.20%
• 5Y*: -1.43%
• 10Y*: —

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

FLXC.L vs. KSTR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLXC.L Franklin FTSE China UCITS ETF	-11.12%	32.15%	19.39%	-12.76%	-23.03%	-20.36%
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 FLXC.L and KSTR.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.53

The correlation between FLXC.L and KSTR.L has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

Return for Risk

FLXC.L vs. KSTR.L — Risk / Return Rank

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

FLXC.L

FLXC.L Risk / Return Rank: 8
FLXC.L Sharpe Ratio Rank: 8
FLXC.L Sortino Ratio Rank: 7
FLXC.L Omega Ratio Rank: 7
FLXC.L Calmar Ratio Rank: 8
FLXC.L Martin Ratio Rank: 8

KSTR.L

KSTR.L Risk / Return Rank: 78
KSTR.L Sharpe Ratio Rank: 81
KSTR.L Sortino Ratio Rank: 72
KSTR.L Omega Ratio Rank: 77
KSTR.L Calmar Ratio Rank: 84
KSTR.L Martin Ratio Rank: 76

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.

FLXC.L vs. KSTR.L - Risk-Adjusted Trends Comparison

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

	FLXC.L	KSTR.L	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	1.94	-2.14
Sortino ratio: Return per unit of downside risk	-0.15	2.45	-2.61
Omega ratio: Gain probability vs. loss probability	0.98	1.34	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.18	3.37	-3.55
Martin ratio: Return relative to average drawdown	-0.39	10.31	-10.70

FLXC.L vs. KSTR.L - Sharpe Ratio Comparison

The current FLXC.L Sharpe Ratio is -0.20, which is lower than the KSTR.L Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of FLXC.L and KSTR.L, 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

FLXC.L vs. KSTR.L - Drawdown Comparison

The maximum FLXC.L drawdown since its inception was -61.74%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for FLXC.L and KSTR.L.

Drawdown Indicators

	FLXC.L	KSTR.L	Difference
Max Drawdown Largest peak-to-trough decline	-61.74%	-66.67%	+4.93%
Max Drawdown (1Y) Largest decline over 1 year	-21.43%	-23.57%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-25.43%	-35.82%	+10.39%
Max Drawdown (5Y) Largest decline over 5 years	-52.27%	-66.38%	+14.11%
Current Drawdown Current decline from peak	-37.08%	-23.57%	-13.51%
Average Drawdown Average peak-to-trough decline	-31.72%	-39.82%	+8.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.87%	7.73%	+2.14%

Volatility

FLXC.L vs. KSTR.L - Volatility Comparison

The current volatility for Franklin FTSE China UCITS ETF (FLXC.L) is 5.76%, while KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) has a volatility of 19.71%. This indicates that FLXC.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.

Volatility by Period

	FLXC.L	KSTR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.76%	19.71%	-13.95%
Volatility (6M) Calculated over the trailing 6-month period	13.88%	34.05%	-20.17%
Volatility (1Y) Calculated over the trailing 1-year period	19.24%	41.03%	-21.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.42%	34.61%	-6.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.19%	34.55%	-7.36%

FLXC.L vs. KSTR.L - Expense Ratio Comparison

FLXC.L has a 0.19% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.

Dividends

FLXC.L vs. KSTR.L - Dividend Comparison

Neither FLXC.L nor KSTR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FLXC.L and KSTR.L in my portfolio?

FLXC.L and KSTR.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FLXC.L or KSTR.L?

On fees, FLXC.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FLXC.L or KSTR.L?

FLXC.L is cheaper with a 0.19% expense ratio, compared with 0.82% for KSTR.L.

What is the main difference between FLXC.L and KSTR.L?

FLXC.L tracks MSCI China NR USD, while KSTR.L 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 FLXC.L and 0.82% for KSTR.L.