IASH.L vs. KSTR.L
IASH.L (iShares MSCI China A UCITS USD) and KSTR.L (KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)) are both China Equities funds - IASH.L tracks the MSCI China A Onshore NR CNY while KSTR.L tracks the SSE Science and Technology Innovation Board 50 Index. Both are passively managed. Over the past 5 years, IASH.L returned -1.49%/yr vs -0.98%/yr for KSTR.L. A 0.72 correlation means they provide meaningful diversification when combined. IASH.L charges 0.40%/yr vs 0.82%/yr for KSTR.L.
Performance
IASH.L vs. KSTR.L - Performance Comparison
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Different Trading Currencies
IASH.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, IASH.L achieves a 0.61% return, which is significantly lower than KSTR.L's 33.32% return.
IASH.L
- 1D
- -3.23%
- 1M
- -9.20%
- 6M
- -2.64%
- YTD
- 0.61%
- 1Y
- 19.80%
- 3Y*
- 7.50%
- 5Y*
- -1.49%
- 10Y*
- 4.80%
KSTR.L
- 1D
- -5.47%
- 1M
- -8.15%
- 6M
- 16.44%
- YTD
- 33.32%
- 1Y
- 79.44%
- 3Y*
- 17.96%
- 5Y*
- -0.98%
- 10Y*
- —
IASH.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IASH.L iShares MSCI China A UCITS USD | 0.61% | 17.67% | 12.92% | -18.83% | -17.27% | 2.40% |
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 IASH.L and KSTR.L is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.72 |
The correlation between IASH.L and KSTR.L has been stable across timeframes, ranging from 0.72 to 0.76 - a consistent structural relationship.
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Return for Risk
IASH.L vs. KSTR.L — Risk / Return Rank
IASH.L
KSTR.L
IASH.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS USD (IASH.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.
| IASH.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.34 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 3.20 | -1.61 |
| Martin ratioReturn relative to average drawdown | 6.38 | 10.66 | -4.28 |
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Drawdowns
IASH.L vs. KSTR.L - Drawdown Comparison
The maximum IASH.L drawdown since its inception was -59.37%, smaller than the maximum KSTR.L drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for IASH.L and KSTR.L.
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Drawdown Indicators
| IASH.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.37% | -65.22% | +5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.41% | -24.67% | +12.26% |
Max Drawdown (3Y)Largest decline over 3 years | -31.16% | -38.63% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -42.23% | -65.22% | +22.99% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | — | — |
Current DrawdownCurrent decline from peak | -18.53% | -24.67% | +6.14% |
Average DrawdownAverage peak-to-trough decline | -33.05% | -35.63% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 7.43% | -4.33% |
Volatility
IASH.L vs. KSTR.L - Volatility Comparison
The current volatility for iShares MSCI China A UCITS USD (IASH.L) is 8.92%, while KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) has a volatility of 19.75%. This indicates that IASH.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
| IASH.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 19.75% | -10.83% |
Volatility (6M)Calculated over the trailing 6-month period | 13.86% | 33.85% | -19.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.24% | 40.68% | -22.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.15% | 33.90% | -8.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.87% | 33.83% | -9.96% |
IASH.L vs. KSTR.L - Expense Ratio Comparison
IASH.L has a 0.40% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
IASH.L vs. KSTR.L - Dividend Comparison
Neither IASH.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
IASH.L and KSTR.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IASH.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IASH.L is cheaper with a 0.40% expense ratio, compared with 0.82% for KSTR.L.
IASH.L tracks MSCI China A Onshore NR CNY, 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: 0.40% for IASH.L and 0.82% for KSTR.L.
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