HPAU.L vs. KSTR.L
HPAU.L (HSBC ETFs PLC - HSBC MSCI USA Climate Paris Aligned UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - HPAU.L tracks the HSBC ETFs PLC - HSBC MSCI USA Climate Paris Aligned UCITS ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 3 years, HPAU.L returned 16.94%/yr vs 21.29%/yr for KSTR.L. At a 0.21 correlation, their price movements are largely independent. HPAU.L charges 0.12%/yr vs 0.82%/yr for KSTR.L.
Performance
HPAU.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, HPAU.L achieves a 6.47% return, which is significantly lower than KSTR.L's 41.53% return.
HPAU.L
- 1D
- -0.83%
- 1M
- -1.09%
- 6M
- 8.24%
- YTD
- 6.47%
- 1Y
- 17.09%
- 3Y*
- 16.94%
- 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*
- —
HPAU.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAU.L HSBC ETFs PLC - HSBC MSCI USA Climate Paris Aligned UCITS ETF | 6.47% | 13.21% | 24.93% | 29.53% | -23.74% | 7.84% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | -10.04% |
Correlation
The correlation between HPAU.L and KSTR.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2021 | 0.21 |
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Return for Risk
HPAU.L vs. KSTR.L — Risk / Return Rank
HPAU.L
KSTR.L
HPAU.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC ETFs PLC - HSBC MSCI USA Climate Paris Aligned UCITS ETF (HPAU.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.
| HPAU.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 4.76 | -3.27 |
| Martin ratioReturn relative to average drawdown | 4.75 | 12.21 | -7.46 |
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Drawdowns
HPAU.L vs. KSTR.L - Drawdown Comparison
The maximum HPAU.L drawdown since its inception was -28.75%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for HPAU.L and KSTR.L.
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Drawdown Indicators
| HPAU.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.75% | -66.67% | +37.92% |
Max Drawdown (1Y)Largest decline over 1 year | -11.88% | -19.42% | +7.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.29% | -36.60% | +15.31% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.38% | — |
Current DrawdownCurrent decline from peak | -4.07% | -18.75% | +14.68% |
Average DrawdownAverage peak-to-trough decline | -7.86% | -39.83% | +31.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 7.58% | -3.87% |
Volatility
HPAU.L vs. KSTR.L - Volatility Comparison
The current volatility for HSBC ETFs PLC - HSBC MSCI USA Climate Paris Aligned UCITS ETF (HPAU.L) is 4.19%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that HPAU.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
| HPAU.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 19.20% | -15.01% |
Volatility (6M)Calculated over the trailing 6-month period | 11.02% | 33.48% | -22.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.84% | 40.57% | -26.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.68% | 34.52% | -16.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 34.46% | -16.78% |
HPAU.L vs. KSTR.L - Expense Ratio Comparison
HPAU.L has a 0.12% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
HPAU.L vs. KSTR.L - Dividend Comparison
Neither HPAU.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
HPAU.L and KSTR.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HPAU.L is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HPAU.L is cheaper with a 0.12% expense ratio, compared with 0.82% for KSTR.L.
HPAU.L tracks HSBC ETFs PLC - HSBC MSCI USA Climate Paris Aligned 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: 0.12% for HPAU.L and 0.82% for KSTR.L.
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