JRCD.L vs. KSTR.L

Last updated Jul 18, 2026

JRCD.L (JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)) and KSTR.L (KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)) are both China Equities funds - JRCD.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 3 years, JRCD.L returned 9.79%/yr vs 17.96%/yr for KSTR.L. A 0.68 correlation means they provide meaningful diversification when combined. JRCD.L charges 0.40%/yr vs 0.82%/yr for KSTR.L.

Performance

JRCD.L vs. KSTR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRCD.L) and KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

JRCD.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, JRCD.L achieves a 10,589.30% return, which is significantly higher than KSTR.L's 33.32% return.

JRCD.L

• 1D: 0.00%
• 1M: 9,381.84%
• 6M: 3.41%
• YTD: 10,589.30%
• 1Y: 29.11%
• 3Y*: 9.79%
• 5Y*: —
• 10Y*: —

KSTR.L

• 1D: -5.47%
• 1M: -8.15%
• 6M: 16.44%
• YTD: 33.32%
• 1Y: 79.44%
• 3Y*: 17.96%
• 5Y*: -0.98%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JRCD.L vs. KSTR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
JRCD.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	10,589.30%	-98.80%	11.42%	-17.74%	-9.39%
KSTR.L KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)	33.32%	32.59%	7.07%	-22.86%	-18.49%

Correlation

The correlation between JRCD.L and KSTR.L is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Feb 21, 2022	0.68

The correlation between JRCD.L and KSTR.L has been stable across timeframes, ranging from 0.63 to 0.71 - a consistent structural relationship.

Return for Risk

JRCD.L vs. KSTR.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JRCD.L

JRCD.L Risk / Return Rank: 48
JRCD.L Sharpe Ratio Rank: 10
JRCD.L Sortino Ratio Rank: 100
JRCD.L Omega Ratio Rank: 100
JRCD.L Calmar Ratio Rank: 14
JRCD.L Martin Ratio Rank: 13

KSTR.L

KSTR.L Risk / Return Rank: 78
KSTR.L Sharpe Ratio Rank: 81
KSTR.L Sortino Ratio Rank: 72
KSTR.L Omega Ratio Rank: 77
KSTR.L Calmar Ratio Rank: 84
KSTR.L Martin Ratio Rank: 76

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JRCD.L vs. KSTR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRCD.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.

	JRCD.L	KSTR.L	Difference
Sharpe ratio: Return per unit of total volatility	0.00	1.94	-1.94
Sortino ratio: Return per unit of downside risk	280.64	2.43	+278.21
Omega ratio: Gain probability vs. loss probability	90.33	1.34	+88.99
Calmar ratio: Return relative to maximum drawdown	0.30	3.20	-2.90
Martin ratio: Return relative to average drawdown	0.59	10.66	-10.07

JRCD.L vs. KSTR.L - Sharpe Ratio Comparison

The current JRCD.L Sharpe Ratio is 0.00, which is lower than the KSTR.L Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of JRCD.L and KSTR.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JRCD.L vs. KSTR.L - Drawdown Comparison

The maximum JRCD.L drawdown since its inception was -99.20%, which is greater than KSTR.L's maximum drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for JRCD.L and KSTR.L.

Drawdown Indicators

	JRCD.L	KSTR.L	Difference
Max Drawdown Largest peak-to-trough decline	-99.20%	-65.22%	-33.98%
Max Drawdown (1Y) Largest decline over 1 year	-99.06%	-24.67%	-74.39%
Max Drawdown (3Y) Largest decline over 3 years	-99.15%	-38.63%	-60.52%
Max Drawdown (5Y) Largest decline over 5 years	—	-65.22%	—
Current Drawdown Current decline from peak	-8.41%	-24.67%	+16.26%
Average Drawdown Average peak-to-trough decline	-22.42%	-35.63%	+13.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	49.57%	7.43%	+42.14%

Volatility

JRCD.L vs. KSTR.L - Volatility Comparison

JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRCD.L) has a higher volatility of 458.41% compared to KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) at 19.75%. This indicates that JRCD.L's price experiences larger fluctuations and is considered to be riskier than KSTR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JRCD.L	KSTR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	458.41%	19.75%	+438.66%
Volatility (6M) Calculated over the trailing 6-month period	1,305.41%	33.85%	+1,271.56%
Volatility (1Y) Calculated over the trailing 1-year period	27,639.06%	40.68%	+27,598.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13,277.73%	33.90%	+13,243.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13,277.73%	33.83%	+13,243.90%

JRCD.L vs. KSTR.L - Expense Ratio Comparison

JRCD.L has a 0.40% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.

Dividends

JRCD.L vs. KSTR.L - Dividend Comparison

JRCD.L's dividend yield for the trailing twelve months is around 1.67%, while KSTR.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
JRCD.L JPMorgan China A Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	1.67%	203.95%	1.97%	1.67%	1.88%
KSTR.L KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JRCD.L and KSTR.L in my portfolio?

JRCD.L and KSTR.L have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, JRCD.L or KSTR.L?

On fees, JRCD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, JRCD.L or KSTR.L?

JRCD.L is cheaper with a 0.40% expense ratio, compared with 0.82% for KSTR.L.

What is the main difference between JRCD.L and KSTR.L?

JRCD.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: JPMorgan and KraneShares. Their fees differ too: 0.40% for JRCD.L and 0.82% for KSTR.L.