KSPI vs. KSPI.L

Last updated Apr 2, 2026

Compare and contrast key facts about Joint Stock Company Kaspi.kz (KSPI) and Kaspi Bank Joint Stock Company (KSPI.L).

Performance

KSPI vs. KSPI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Joint Stock Company Kaspi.kz (KSPI) and Kaspi Bank Joint Stock Company (KSPI.L). The values are adjusted to include any dividend payments, if applicable.

KSPI vs. KSPI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KSPI Joint Stock Company Kaspi.kz	-6.02%	-17.51%	8.53%
KSPI.L Kaspi Bank Joint Stock Company	0.00%	0.00%	30.38%

Returns By Period

KSPI

• 1D: -0.86%
• 1M: -5.86%
• YTD: -6.02%
• 6M: -7.75%
• 1Y: -22.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KSPI.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

Return for Risk

KSPI vs. KSPI.L — Risk / Return Rank

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

KSPI

KSPI Risk / Return Rank: 16
KSPI Sharpe Ratio Rank: 16
KSPI Sortino Ratio Rank: 15
KSPI Omega Ratio Rank: 17
KSPI Calmar Ratio Rank: 16
KSPI Martin Ratio Rank: 18

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.

KSPI vs. KSPI.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Joint Stock Company Kaspi.kz (KSPI) and Kaspi Bank Joint Stock Company (KSPI.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.

	KSPI	KSPI.L	Difference
Sharpe ratio Return per unit of total volatility	-0.58	—	—
Sortino ratio Return per unit of downside risk	-0.70	—	—
Omega ratio Gain probability vs. loss probability	0.92	—	—
Calmar ratio Return relative to maximum drawdown	-0.71	—	—
Martin ratio Return relative to average drawdown	-1.18	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KSPI	KSPI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.20	—	—

Correlation

The correlation between KSPI and KSPI.L is 0.15, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KSPI vs. KSPI.L - Dividend Comparison

Neither KSPI nor KSPI.L has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
KSPI Joint Stock Company Kaspi.kz	0.00%	0.00%	11.56%	0.00%	0.00%	0.00%
KSPI.L Kaspi Bank Joint Stock Company	0.00%	0.00%	1.59%	8.49%	3.24%	3.51%

Drawdowns

Drawdown Indicators

	KSPI	KSPI.L	Difference
Max Drawdown Largest peak-to-trough decline	-48.05%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-29.55%	—	—
Current Drawdown Current decline from peak	-44.58%	—	—
Average Drawdown Average peak-to-trough decline	-25.09%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.77%	—	—

Volatility

Volatility by Period

	KSPI	KSPI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.55%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	38.61%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.72%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.72%	—	—

Financials