KSTR.L vs. JREC.L
KSTR.L (KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc)) and JREC.L (JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc)) are both China Equities funds. KSTR.L is passively managed, while JREC.L is actively managed. Over the past 3 years, KSTR.L returned 19.20%/yr vs 9.63%/yr for JREC.L. A 0.71 correlation means they provide meaningful diversification when combined. KSTR.L charges 0.82%/yr vs 0.40%/yr for JREC.L.
Performance
KSTR.L vs. JREC.L - Performance Comparison
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Returns By Period
In the year-to-date period, KSTR.L achieves a 33.13% return, which is significantly higher than JREC.L's 3.55% 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*
- —
JREC.L
- 1D
- -3.42%
- 1M
- -7.89%
- 6M
- 0.63%
- YTD
- 3.55%
- 1Y
- 25.34%
- 3Y*
- 9.63%
- 5Y*
- —
- 10Y*
- —
KSTR.L vs. JREC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KSTR.L KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF USD (Acc) | 33.13% | 42.76% | 5.23% | -18.80% | -24.94% |
JREC.L JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) | 3.55% | 28.38% | 9.65% | -13.02% | -19.50% |
Correlation
The correlation between KSTR.L and JREC.L is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.71 |
The correlation between KSTR.L and JREC.L has been stable across timeframes, ranging from 0.71 to 0.76 - a consistent structural relationship.
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Return for Risk
KSTR.L vs. JREC.L — Risk / Return Rank
KSTR.L
JREC.L
KSTR.L vs. JREC.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 JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREC.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 | JREC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.24 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.37 | 2.41 | +0.96 |
| Martin ratioReturn relative to average drawdown | 10.31 | 8.89 | +1.42 |
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Drawdowns
KSTR.L vs. JREC.L - Drawdown Comparison
The maximum KSTR.L drawdown since its inception was -66.67%, which is greater than JREC.L's maximum drawdown of -37.92%. Use the drawdown chart below to compare losses from any high point for KSTR.L and JREC.L.
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Drawdown Indicators
| KSTR.L | JREC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.67% | -37.92% | -28.75% |
Max Drawdown (1Y)Largest decline over 1 year | -23.57% | -10.46% | -13.11% |
Max Drawdown (3Y)Largest decline over 3 years | -35.82% | -27.06% | -8.76% |
Max Drawdown (5Y)Largest decline over 5 years | -66.38% | — | — |
Current DrawdownCurrent decline from peak | -23.57% | -10.46% | -13.11% |
Average DrawdownAverage peak-to-trough decline | -39.82% | -18.92% | -20.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.73% | 2.84% | +4.89% |
Volatility
KSTR.L vs. JREC.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 JPM China A Research Enhanced Index Equity Active UCITS ETF USD (Acc) (JREC.L) at 9.60%. This indicates that KSTR.L's price experiences larger fluctuations and is considered to be riskier than JREC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSTR.L | JREC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.71% | 9.60% | +10.11% |
Volatility (6M)Calculated over the trailing 6-month period | 34.05% | 15.19% | +18.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.03% | 19.20% | +21.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.61% | 23.08% | +11.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.55% | 23.08% | +11.47% |
KSTR.L vs. JREC.L - Expense Ratio Comparison
KSTR.L has a 0.82% expense ratio, which is higher than JREC.L's 0.40% expense ratio.
Dividends
KSTR.L vs. JREC.L - Dividend Comparison
Neither KSTR.L nor JREC.L has paid dividends to shareholders.
Frequently Asked Questions
KSTR.L and JREC.L have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JREC.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JREC.L is cheaper with a 0.40% expense ratio, compared with 0.82% for KSTR.L.
They also come from different issuers: KraneShares and JPMorgan. Their fees differ too: 0.82% for KSTR.L and 0.40% for JREC.L.
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