FREM.L vs. KSTR.L
FREM.L (Franklin EM Multi-Factor Equity UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - FREM.L tracks the Franklin EM Multi-Factor Equity UCITS ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 5 years, FREM.L returned 7.07%/yr vs -0.22%/yr for KSTR.L. At a 0.37 correlation, their price movements are largely independent. FREM.L charges 0.45%/yr vs 0.82%/yr for KSTR.L.
Performance
FREM.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, FREM.L achieves a 13.22% return, which is significantly lower than KSTR.L's 41.53% return.
FREM.L
- 1D
- 0.66%
- 1M
- -3.28%
- 6M
- 9.24%
- YTD
- 13.22%
- 1Y
- 23.10%
- 3Y*
- 16.92%
- 5Y*
- 7.07%
- 10Y*
- —
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
FREM.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FREM.L Franklin EM Multi-Factor Equity UCITS ETF | 13.22% | 27.77% | 6.27% | 12.53% | -19.30% | -0.49% |
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 FREM.L and KSTR.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.37 |
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Return for Risk
FREM.L vs. KSTR.L — Risk / Return Rank
FREM.L
KSTR.L
FREM.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin EM Multi-Factor Equity UCITS ETF (FREM.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.
| FREM.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.38 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 4.76 | -2.60 |
| Martin ratioReturn relative to average drawdown | 6.68 | 12.21 | -5.52 |
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Drawdowns
FREM.L vs. KSTR.L - Drawdown Comparison
The maximum FREM.L drawdown since its inception was -39.05%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for FREM.L and KSTR.L.
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Drawdown Indicators
| FREM.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.05% | -66.67% | +27.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.52% | -19.42% | +8.90% |
Max Drawdown (3Y)Largest decline over 3 years | -12.98% | -36.60% | +23.62% |
Max Drawdown (5Y)Largest decline over 5 years | -29.99% | -66.38% | +36.39% |
Current DrawdownCurrent decline from peak | -3.94% | -18.75% | +14.81% |
Average DrawdownAverage peak-to-trough decline | -10.95% | -39.83% | +28.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.40% | 7.58% | -4.18% |
Volatility
FREM.L vs. KSTR.L - Volatility Comparison
The current volatility for Franklin EM Multi-Factor Equity UCITS ETF (FREM.L) is 4.42%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that FREM.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
| FREM.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 19.20% | -14.78% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 33.48% | -19.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.54% | 40.57% | -25.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.34% | 34.52% | -19.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.94% | 34.46% | -17.52% |
FREM.L vs. KSTR.L - Expense Ratio Comparison
FREM.L has a 0.45% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
FREM.L vs. KSTR.L - Dividend Comparison
Neither FREM.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
FREM.L and KSTR.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FREM.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FREM.L is cheaper with a 0.45% expense ratio, compared with 0.82% for KSTR.L.
FREM.L tracks Franklin EM Multi-Factor Equity UCITS ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: Franklin and KraneShares. Their fees differ too: 0.45% for FREM.L and 0.82% for KSTR.L.
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