IQSA.L vs. KSTR.L
IQSA.L (Invesco Global Active ESG Equity UCITS ETF USD Acc) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds. IQSA.L is actively managed, while KSTR.L is passively managed. Over the past 5 years, IQSA.L returned 14.47%/yr vs -0.22%/yr for KSTR.L. At a 0.24 correlation, their price movements are largely independent. IQSA.L charges 0.30%/yr vs 0.82%/yr for KSTR.L.
Performance
IQSA.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, IQSA.L achieves a 15.33% return, which is significantly lower than KSTR.L's 41.53% return.
IQSA.L
- 1D
- -0.67%
- 1M
- -0.00%
- 6M
- 13.70%
- YTD
- 15.33%
- 1Y
- 30.00%
- 3Y*
- 22.95%
- 5Y*
- 14.47%
- 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*
- —
IQSA.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IQSA.L Invesco Global Active ESG Equity UCITS ETF USD Acc | 15.33% | 22.67% | 22.82% | 24.38% | -14.00% | 8.06% |
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 IQSA.L and KSTR.L is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.24 |
The correlation between IQSA.L and KSTR.L shifts across timeframes, from 0.22 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
IQSA.L vs. KSTR.L — Risk / Return Rank
IQSA.L
KSTR.L
IQSA.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.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.
| IQSA.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.38 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 4.76 | -1.31 |
| Martin ratioReturn relative to average drawdown | 14.73 | 12.21 | +2.52 |
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Drawdowns
IQSA.L vs. KSTR.L - Drawdown Comparison
The maximum IQSA.L drawdown since its inception was -34.64%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for IQSA.L and KSTR.L.
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Drawdown Indicators
| IQSA.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.64% | -66.67% | +32.03% |
Max Drawdown (1Y)Largest decline over 1 year | -8.65% | -19.42% | +10.77% |
Max Drawdown (3Y)Largest decline over 3 years | -16.99% | -36.60% | +19.61% |
Max Drawdown (5Y)Largest decline over 5 years | -25.67% | -66.38% | +40.71% |
Current DrawdownCurrent decline from peak | -0.67% | -18.75% | +18.08% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -39.83% | +34.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 7.58% | -5.55% |
Volatility
IQSA.L vs. KSTR.L - Volatility Comparison
The current volatility for Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.L) is 3.74%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that IQSA.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
| IQSA.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.74% | 19.20% | -15.46% |
Volatility (6M)Calculated over the trailing 6-month period | 10.94% | 33.48% | -22.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.50% | 40.57% | -27.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.56% | 34.52% | -17.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 34.46% | -16.46% |
IQSA.L vs. KSTR.L - Expense Ratio Comparison
IQSA.L has a 0.30% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
IQSA.L vs. KSTR.L - Dividend Comparison
Neither IQSA.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
IQSA.L and KSTR.L have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQSA.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQSA.L is cheaper with a 0.30% expense ratio, compared with 0.82% for KSTR.L.
They also come from different issuers: Invesco and KraneShares. Their fees differ too: 0.30% for IQSA.L and 0.82% for KSTR.L.
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