FWRA.L vs. KSTR.L
FWRA.L (Invesco FTSE All-World UCITS ETF USD Accumulation) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - FWRA.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, FWRA.L returned 19.09%/yr vs 21.29%/yr for KSTR.L. At a 0.28 correlation, their price movements are largely independent. FWRA.L charges 0.15%/yr vs 0.82%/yr for KSTR.L.
Performance
FWRA.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, FWRA.L achieves a 11.06% return, which is significantly lower than KSTR.L's 41.53% return.
FWRA.L
- 1D
- 0.11%
- 1M
- -0.64%
- 6M
- 9.50%
- YTD
- 11.06%
- 1Y
- 23.54%
- 3Y*
- 19.09%
- 5Y*
- —
- 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*
- —
FWRA.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FWRA.L Invesco FTSE All-World UCITS ETF USD Accumulation | 11.06% | 22.42% | 18.04% | 10.02% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -17.09% |
Correlation
The correlation between FWRA.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 | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 26, 2023 | 0.28 |
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Return for Risk
FWRA.L vs. KSTR.L — Risk / Return Rank
FWRA.L
KSTR.L
FWRA.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 Accumulation (FWRA.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.
| FWRA.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.38 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | 4.76 | -2.08 |
| Martin ratioReturn relative to average drawdown | 10.70 | 12.21 | -1.51 |
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Drawdowns
FWRA.L vs. KSTR.L - Drawdown Comparison
The maximum FWRA.L drawdown since its inception was -16.50%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for FWRA.L and KSTR.L.
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Drawdown Indicators
| FWRA.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.50% | -66.67% | +50.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -19.42% | +10.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.50% | -36.60% | +20.10% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.38% | — |
Current DrawdownCurrent decline from peak | -1.16% | -18.75% | +17.59% |
Average DrawdownAverage peak-to-trough decline | -1.92% | -39.83% | +37.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 7.58% | -5.38% |
Volatility
FWRA.L vs. KSTR.L - Volatility Comparison
The current volatility for Invesco FTSE All-World UCITS ETF USD Accumulation (FWRA.L) is 3.20%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that FWRA.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
| FWRA.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.20% | 19.20% | -16.00% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 33.48% | -22.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.88% | 40.57% | -27.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.61% | 34.52% | -20.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.61% | 34.46% | -20.85% |
FWRA.L vs. KSTR.L - Expense Ratio Comparison
FWRA.L has a 0.15% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
FWRA.L vs. KSTR.L - Dividend Comparison
Neither FWRA.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
FWRA.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.
On fees, FWRA.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FWRA.L is cheaper with a 0.15% expense ratio, compared with 0.82% for KSTR.L.
FWRA.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 FWRA.L and 0.82% for KSTR.L.
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