FXC.L vs. KSTR.L
FXC.L (iShares China Large Cap UCITS) and KSTR.L (KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)) are both China Equities funds - FXC.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, FXC.L returned -2.43%/yr vs -0.98%/yr for KSTR.L. At a 0.41 correlation, their price movements are largely independent. FXC.L charges 0.74%/yr vs 0.82%/yr for KSTR.L.
Performance
FXC.L vs. KSTR.L - Performance Comparison
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Different Trading Currencies
FXC.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, FXC.L achieves a -10.56% return, which is significantly lower than KSTR.L's 33.32% return.
FXC.L
- 1D
- -1.56%
- 1M
- -1.16%
- 6M
- -12.88%
- YTD
- -10.56%
- 1Y
- -7.61%
- 3Y*
- 8.85%
- 5Y*
- -2.43%
- 10Y*
- 1.36%
KSTR.L
- 1D
- -5.47%
- 1M
- -8.15%
- 6M
- 16.44%
- YTD
- 33.32%
- 1Y
- 79.44%
- 3Y*
- 17.96%
- 5Y*
- -0.98%
- 10Y*
- —
FXC.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FXC.L iShares China Large Cap UCITS | -10.56% | 19.76% | 32.64% | -18.31% | -11.02% | -14.98% |
KSTR.L KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) | 33.32% | 32.59% | 7.07% | -22.86% | -30.81% | 7.24% |
Correlation
The correlation between FXC.L and KSTR.L is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.41 |
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Return for Risk
FXC.L vs. KSTR.L — Risk / Return Rank
FXC.L
KSTR.L
FXC.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares China Large Cap UCITS (FXC.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.
| FXC.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.90 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.34 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 3.20 | -3.55 |
| Martin ratioReturn relative to average drawdown | -0.78 | 10.66 | -11.45 |
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Drawdowns
FXC.L vs. KSTR.L - Drawdown Comparison
The maximum FXC.L drawdown since its inception was -72.82%, which is greater than KSTR.L's maximum drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for FXC.L and KSTR.L.
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Drawdown Indicators
| FXC.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.82% | -65.22% | -7.60% |
Max Drawdown (1Y)Largest decline over 1 year | -22.05% | -24.67% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -27.93% | -38.63% | +10.70% |
Max Drawdown (5Y)Largest decline over 5 years | -44.36% | -65.22% | +20.86% |
Max Drawdown (10Y)Largest decline over 10 years | -54.62% | — | — |
Current DrawdownCurrent decline from peak | -27.19% | -24.67% | -2.52% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -35.63% | +18.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.72% | 7.43% | +2.29% |
Volatility
FXC.L vs. KSTR.L - Volatility Comparison
The current volatility for iShares China Large Cap UCITS (FXC.L) is 5.95%, while KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) has a volatility of 19.75%. This indicates that FXC.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
| FXC.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.95% | 19.75% | -13.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.75% | 33.85% | -21.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 40.68% | -22.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.18% | 33.90% | -5.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 33.83% | -8.84% |
FXC.L vs. KSTR.L - Expense Ratio Comparison
FXC.L has a 0.74% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
FXC.L vs. KSTR.L - Dividend Comparison
FXC.L's dividend yield for the trailing twelve months is around 1.85%, while KSTR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXC.L iShares China Large Cap UCITS | 1.85% | 1.76% | 2.30% | 2.49% | 2.46% | 1.83% | 2.52% | 2.59% | 0.00% | 0.00% | 2.32% | 2.61% |
KSTR.L KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FXC.L and KSTR.L have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FXC.L is cheaper at 0.74% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FXC.L is cheaper with a 0.74% expense ratio, compared with 0.82% for KSTR.L.
FXC.L tracks MSCI China NR USD, while KSTR.L tracks SSE Science and Technology Innovation Board 50 Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.74% for FXC.L and 0.82% for KSTR.L.
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