KSTR.L vs. FLXC.L

Last updated Jul 18, 2026

KSTR.L (KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)) and FLXC.L (Franklin FTSE China UCITS ETF) are both China Equities funds - KSTR.L tracks the SSE Science and Technology Innovation Board 50 Index while FLXC.L tracks the MSCI China NR USD. Both are passively managed. Over the past 5 years, KSTR.L returned -1.43%/yr vs -4.90%/yr for FLXC.L. A 0.53 correlation means they provide meaningful diversification when combined. KSTR.L charges 0.82%/yr vs 0.19%/yr for FLXC.L.

Performance

KSTR.L vs. FLXC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) and Franklin FTSE China UCITS ETF (FLXC.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KSTR.L achieves a 33.13% return, which is significantly higher than FLXC.L's -11.12% return.

KSTR.L

• 1D: -5.63%
• 1M: -7.01%
• 6M: 17.12%
• YTD: 33.13%
• 1Y: 79.93%
• 3Y*: 19.20%
• 5Y*: -1.43%
• 10Y*: —

FLXC.L

• 1D: -2.76%
• 1M: -2.40%
• 6M: -13.98%
• YTD: -11.12%
• 1Y: -3.90%
• 3Y*: 8.33%
• 5Y*: -4.90%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021
KSTR.L KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)	33.13%	42.76%	5.23%	-18.80%	-38.16%	2.78%
FLXC.L Franklin FTSE China UCITS ETF	-11.12%	32.15%	19.39%	-12.76%	-23.03%	-20.36%

Correlation

The correlation between KSTR.L and FLXC.L is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since May 26, 2021	0.53

The correlation between KSTR.L and FLXC.L has been stable across timeframes, ranging from 0.49 to 0.56 - a consistent structural relationship.

Return for Risk

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

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

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

FLXC.L

FLXC.L Risk / Return Rank: 8
FLXC.L Sharpe Ratio Rank: 8
FLXC.L Sortino Ratio Rank: 7
FLXC.L Omega Ratio Rank: 7
FLXC.L Calmar Ratio Rank: 8
FLXC.L Martin Ratio Rank: 8

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.

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

This table presents a comparison of risk-adjusted performance metrics for KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) and Franklin FTSE China UCITS ETF (FLXC.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.

	KSTR.L	FLXC.L	Difference
Sharpe ratio: Return per unit of total volatility	1.94	-0.20	+2.14
Sortino ratio: Return per unit of downside risk	2.45	-0.15	+2.61
Omega ratio: Gain probability vs. loss probability	1.34	0.98	+0.36
Calmar ratio: Return relative to maximum drawdown	3.37	-0.18	+3.55
Martin ratio: Return relative to average drawdown	10.31	-0.39	+10.70

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

The current KSTR.L Sharpe Ratio is 1.94, which is higher than the FLXC.L Sharpe Ratio of -0.20. The chart below compares the historical Sharpe Ratios of KSTR.L and FLXC.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

KSTR.L vs. FLXC.L - Drawdown Comparison

The maximum KSTR.L drawdown since its inception was -66.67%, which is greater than FLXC.L's maximum drawdown of -61.74%. Use the drawdown chart below to compare losses from any high point for KSTR.L and FLXC.L.

Drawdown Indicators

	KSTR.L	FLXC.L	Difference
Max Drawdown Largest peak-to-trough decline	-66.67%	-61.74%	-4.93%
Max Drawdown (1Y) Largest decline over 1 year	-23.57%	-21.43%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-35.82%	-25.43%	-10.39%
Max Drawdown (5Y) Largest decline over 5 years	-66.38%	-52.27%	-14.11%
Current Drawdown Current decline from peak	-23.57%	-37.08%	+13.51%
Average Drawdown Average peak-to-trough decline	-39.82%	-31.72%	-8.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.73%	9.87%	-2.14%

Volatility

KSTR.L vs. FLXC.L - Volatility Comparison

KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) (KSTR.L) has a higher volatility of 19.71% compared to Franklin FTSE China UCITS ETF (FLXC.L) at 5.76%. This indicates that KSTR.L's price experiences larger fluctuations and is considered to be riskier than FLXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSTR.L	FLXC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.71%	5.76%	+13.95%
Volatility (6M) Calculated over the trailing 6-month period	34.05%	13.88%	+20.17%
Volatility (1Y) Calculated over the trailing 1-year period	41.03%	19.24%	+21.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.61%	28.42%	+6.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.55%	27.19%	+7.36%

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

KSTR.L has a 0.82% expense ratio, which is higher than FLXC.L's 0.19% expense ratio.

Dividends

KSTR.L vs. FLXC.L - Dividend Comparison

Neither KSTR.L nor FLXC.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

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

KSTR.L and FLXC.L have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

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

On fees, FLXC.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

FLXC.L is cheaper with a 0.19% expense ratio, compared with 0.82% for KSTR.L.

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

KSTR.L tracks SSE Science and Technology Innovation Board 50 Index, while FLXC.L tracks MSCI China NR USD. They also come from different issuers: KraneShares and Franklin Templeton. Their fees differ too: 0.82% for KSTR.L and 0.19% for FLXC.L.