IRSA.L vs. KSTR.L
IRSA.L (iShares MSCI South Africa UCITS ETF USD (Acc)) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - IRSA.L tracks the iShares MSCI South Africa UCITS ETF USD (Acc) while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 5 years, IRSA.L returned 10.90%/yr vs -0.22%/yr for KSTR.L. At a 0.32 correlation, their price movements are largely independent. IRSA.L charges 0.65%/yr vs 0.82%/yr for KSTR.L.
Performance
IRSA.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, IRSA.L achieves a -4.47% return, which is significantly lower than KSTR.L's 41.53% return.
IRSA.L
- 1D
- 1.35%
- 1M
- -4.91%
- 6M
- -10.54%
- YTD
- -4.47%
- 1Y
- 32.37%
- 3Y*
- 21.89%
- 5Y*
- 10.90%
- 10Y*
- 6.54%
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
IRSA.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
IRSA.L iShares MSCI South Africa UCITS ETF USD (Acc) | -4.47% | 76.74% | 7.84% | 0.20% | -3.75% | -10.39% |
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 IRSA.L and KSTR.L is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.32 |
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Return for Risk
IRSA.L vs. KSTR.L — Risk / Return Rank
IRSA.L
KSTR.L
IRSA.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.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.
| IRSA.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.38 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 4.76 | -3.38 |
| Martin ratioReturn relative to average drawdown | 2.95 | 12.21 | -9.25 |
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Drawdowns
IRSA.L vs. KSTR.L - Drawdown Comparison
The maximum IRSA.L drawdown since its inception was -61.84%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for IRSA.L and KSTR.L.
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Drawdown Indicators
| IRSA.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.84% | -66.67% | +4.83% |
Max Drawdown (1Y)Largest decline over 1 year | -22.87% | -19.42% | -3.45% |
Max Drawdown (3Y)Largest decline over 3 years | -22.87% | -36.60% | +13.73% |
Max Drawdown (5Y)Largest decline over 5 years | -34.44% | -66.38% | +31.94% |
Max Drawdown (10Y)Largest decline over 10 years | -61.84% | — | — |
Current DrawdownCurrent decline from peak | -19.50% | -18.75% | -0.75% |
Average DrawdownAverage peak-to-trough decline | -17.86% | -39.83% | +21.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.68% | 7.58% | +3.10% |
Volatility
IRSA.L vs. KSTR.L - Volatility Comparison
The current volatility for iShares MSCI South Africa UCITS ETF USD (Acc) (IRSA.L) is 7.83%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that IRSA.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
| IRSA.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.83% | 19.20% | -11.37% |
Volatility (6M)Calculated over the trailing 6-month period | 27.42% | 33.48% | -6.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.59% | 40.57% | -7.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.69% | 34.52% | -5.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.78% | 34.46% | -4.68% |
IRSA.L vs. KSTR.L - Expense Ratio Comparison
IRSA.L has a 0.65% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
IRSA.L vs. KSTR.L - Dividend Comparison
Neither IRSA.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
IRSA.L and KSTR.L have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IRSA.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IRSA.L is cheaper with a 0.65% expense ratio, compared with 0.82% for KSTR.L.
IRSA.L tracks iShares MSCI South Africa UCITS ETF USD (Acc), while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.65% for IRSA.L and 0.82% for KSTR.L.
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