HPAW.L vs. KSTR.L
HPAW.L (HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - HPAW.L tracks the HSBC ETFs PLC - HSBC MSCI World 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 5 years, HPAW.L returned 9.58%/yr vs -0.22%/yr for KSTR.L. At a 0.26 correlation, their price movements are largely independent.
Performance
HPAW.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, HPAW.L achieves a 6.16% return, which is significantly lower than KSTR.L's 41.53% return.
HPAW.L
- 1D
- 0.24%
- 1M
- 0.03%
- 6M
- 6.34%
- YTD
- 6.16%
- 1Y
- 16.79%
- 3Y*
- 16.39%
- 5Y*
- 9.58%
- 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*
- —
HPAW.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HPAW.L HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF | 6.16% | 17.97% | 18.58% | 25.68% | -21.73% | 7.56% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | -6.94% |
Correlation
The correlation between HPAW.L and KSTR.L is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2021 | 0.26 |
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Return for Risk
HPAW.L vs. KSTR.L — Risk / Return Rank
HPAW.L
KSTR.L
HPAW.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.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.
| HPAW.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.99 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 4.76 | -3.10 |
| Martin ratioReturn relative to average drawdown | 6.44 | 12.21 | -5.76 |
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Drawdowns
HPAW.L vs. KSTR.L - Drawdown Comparison
The maximum HPAW.L drawdown since its inception was -29.31%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for HPAW.L and KSTR.L.
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Drawdown Indicators
| HPAW.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.31% | -66.67% | +37.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.10% | -19.42% | +9.32% |
Max Drawdown (3Y)Largest decline over 3 years | -17.47% | -36.60% | +19.13% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -66.38% | +37.07% |
Current DrawdownCurrent decline from peak | -1.00% | -18.75% | +17.75% |
Average DrawdownAverage peak-to-trough decline | -7.12% | -39.83% | +32.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 7.58% | -4.98% |
Volatility
HPAW.L vs. KSTR.L - Volatility Comparison
The current volatility for HSBC ETFs PLC - HSBC MSCI World Climate Paris Aligned UCITS ETF (HPAW.L) is 3.10%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that HPAW.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
| HPAW.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 19.20% | -16.10% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 33.48% | -23.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.01% | 40.57% | -27.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.30% | 34.52% | -18.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.28% | 34.46% | -18.18% |
Dividends
HPAW.L vs. KSTR.L - Dividend Comparison
Neither HPAW.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
HPAW.L and KSTR.L have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPAW.L tracks HSBC ETFs PLC - HSBC MSCI World 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.
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