HKOD.L vs. KSTR.L
HKOD.L (HSBC MSCI KOREA CAPPED UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - HKOD.L tracks the HSBC MSCI KOREA CAPPED 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, HKOD.L returned 14.71%/yr vs -0.22%/yr for KSTR.L. At a 0.30 correlation, their price movements are largely independent. HKOD.L charges 0.50%/yr vs 0.82%/yr for KSTR.L.
Performance
HKOD.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, HKOD.L achieves a 70.37% return, which is significantly higher than KSTR.L's 41.53% return.
HKOD.L
- 1D
- -1.67%
- 1M
- -20.60%
- 6M
- 52.67%
- YTD
- 70.37%
- 1Y
- 138.83%
- 3Y*
- 37.85%
- 5Y*
- 14.71%
- 10Y*
- 14.34%
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
HKOD.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 70.37% | 99.54% | -22.90% | 19.95% | -28.44% | -11.67% |
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 HKOD.L and KSTR.L is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.30 |
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Return for Risk
HKOD.L vs. KSTR.L — Risk / Return Rank
HKOD.L
KSTR.L
HKOD.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.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.
| HKOD.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.80 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 5.77 | 4.76 | +1.02 |
| Martin ratioReturn relative to average drawdown | 17.93 | 12.21 | +5.72 |
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Drawdowns
HKOD.L vs. KSTR.L - Drawdown Comparison
The maximum HKOD.L drawdown since its inception was -50.54%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for HKOD.L and KSTR.L.
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Drawdown Indicators
| HKOD.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.54% | -66.67% | +16.13% |
Max Drawdown (1Y)Largest decline over 1 year | -24.00% | -19.42% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -36.60% | +7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -47.65% | -66.38% | +18.73% |
Max Drawdown (10Y)Largest decline over 10 years | -50.54% | — | — |
Current DrawdownCurrent decline from peak | -24.00% | -18.75% | -5.25% |
Average DrawdownAverage peak-to-trough decline | -18.79% | -39.83% | +21.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 7.58% | +0.17% |
Volatility
HKOD.L vs. KSTR.L - Volatility Comparison
HSBC MSCI KOREA CAPPED UCITS ETF (HKOD.L) has a higher volatility of 20.20% compared to KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) at 19.20%. This indicates that HKOD.L's price experiences larger fluctuations and is considered to be riskier 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
| HKOD.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.20% | 19.20% | +1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 41.23% | 33.48% | +7.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 45.10% | 40.57% | +4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.74% | 34.52% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.96% | 34.46% | -7.50% |
HKOD.L vs. KSTR.L - Expense Ratio Comparison
HKOD.L has a 0.50% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
HKOD.L vs. KSTR.L - Dividend Comparison
HKOD.L's dividend yield for the trailing twelve months is around 0.43%, while KSTR.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HKOD.L HSBC MSCI KOREA CAPPED UCITS ETF | 0.43% | 0.68% | 1.54% | 1.08% | 0.72% | 0.61% | 0.02% | 0.29% | 0.56% | 0.10% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HKOD.L and KSTR.L have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HKOD.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HKOD.L is cheaper with a 0.50% expense ratio, compared with 0.82% for KSTR.L.
HKOD.L tracks HSBC MSCI KOREA CAPPED UCITS ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: HSBC and KraneShares. Their fees differ too: 0.50% for HKOD.L and 0.82% for KSTR.L.
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