FTWG.L vs. KSTR.L

Last updated Jul 16, 2026

FTWG.L (Invesco FTSE All-World UCITS ETF USD Dist) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - FTWG.L tracks the FTSE All-World Index while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 3 years, FTWG.L returned 17.94%/yr vs 21.82%/yr for KSTR.L. At a 0.22 correlation, their price movements are largely independent. FTWG.L charges 0.15%/yr vs 0.82%/yr for KSTR.L.

Performance

FTWG.L vs. KSTR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) and KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

FTWG.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, FTWG.L achieves a 10.82% return, which is significantly lower than KSTR.L's 47.78% return.

FTWG.L

• 1D: -0.68%
• 1M: -1.15%
• 6M: 9.12%
• YTD: 10.82%
• 1Y: 22.80%
• 3Y*: 17.94%
• 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*: —

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

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

	2026 (YTD)	2025	2024	2023
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	10.82%	14.12%	19.92%	-13.67%
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF	47.78%	32.59%	7.07%	-17.20%

Correlation

The correlation between FTWG.L and KSTR.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023	0.22

The correlation between FTWG.L and KSTR.L shifts across timeframes, from 0.22 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

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

FTWG.L

FTWG.L Risk / Return Rank: 81
FTWG.L Sharpe Ratio Rank: 82
FTWG.L Sortino Ratio Rank: 82
FTWG.L Omega Ratio Rank: 83
FTWG.L Calmar Ratio Rank: 77
FTWG.L Martin Ratio Rank: 81

KSTR.L

KSTR.L Risk / Return Rank: 84
KSTR.L Sharpe Ratio Rank: 87
KSTR.L Sortino Ratio Rank: 77
KSTR.L Omega Ratio Rank: 82
KSTR.L Calmar Ratio Rank: 92
KSTR.L 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.

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

This table presents a comparison of risk-adjusted performance metrics for Invesco FTSE All-World UCITS ETF USD Dist (FTWG.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.

	FTWG.L	KSTR.L	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.50	-0.42
Sortino ratio: Return per unit of downside risk	2.92	2.93	-0.01
Omega ratio: Gain probability vs. loss probability	1.39	1.42	-0.03
Calmar ratio: Return relative to maximum drawdown	3.19	5.51	-2.31
Martin ratio: Return relative to average drawdown	12.44	13.88	-1.43

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

The current FTWG.L Sharpe Ratio is 2.09, which is comparable to the KSTR.L Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of FTWG.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

FTWG.L vs. KSTR.L - Drawdown Comparison

The maximum FTWG.L drawdown since its inception was -22.14%, smaller than the maximum KSTR.L drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for FTWG.L and KSTR.L.

Drawdown Indicators

	FTWG.L	KSTR.L	Difference
Max Drawdown Largest peak-to-trough decline	-22.14%	-65.22%	+43.08%
Max Drawdown (1Y) Largest decline over 1 year	-7.11%	-18.17%	+11.06%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	-38.63%	+20.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-65.22%	—
Current Drawdown Current decline from peak	-1.99%	-16.50%	+14.51%
Average Drawdown Average peak-to-trough decline	-6.53%	-35.63%	+29.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	7.22%	-5.39%

Volatility

FTWG.L vs. KSTR.L - Volatility Comparison

The current volatility for Invesco FTSE All-World UCITS ETF USD Dist (FTWG.L) is 3.21%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 18.96%. This indicates that FTWG.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

	FTWG.L	KSTR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.21%	18.96%	-15.75%
Volatility (6M) Calculated over the trailing 6-month period	8.46%	32.99%	-24.53%
Volatility (1Y) Calculated over the trailing 1-year period	10.88%	39.98%	-29.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	33.76%	-17.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	33.70%	-17.07%

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

FTWG.L has a 0.15% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.

Dividends

FTWG.L vs. KSTR.L - Dividend Comparison

FTWG.L's dividend yield for the trailing twelve months is around 1.26%, while KSTR.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FTWG.L Invesco FTSE All-World UCITS ETF USD Dist	1.26%	1.34%	1.50%	0.70%
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

FTWG.L and KSTR.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, FTWG.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

FTWG.L is cheaper with a 0.15% expense ratio, compared with 0.82% for KSTR.L.

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

FTWG.L tracks FTSE All-World Index, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: Invesco and KraneShares. Their fees differ too: 0.15% for FTWG.L and 0.82% for KSTR.L.