KSTR.L vs. WNRG.L
KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) and WNRG.L (State Street SPDR MSCI World Energy UCITS ETF) are both Global Equities funds - KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF while WNRG.L tracks the State Street SPDR MSCI World Energy UCITS ETF. Both are passively managed. Over the past 5 years, KSTR.L returned -0.22%/yr vs 20.08%/yr for WNRG.L. At a 0.09 correlation, their price movements are largely independent. KSTR.L charges 0.82%/yr vs 0.30%/yr for WNRG.L.
Performance
KSTR.L vs. WNRG.L - Performance Comparison
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Returns By Period
In the year-to-date period, KSTR.L achieves a 41.53% return, which is significantly higher than WNRG.L's 25.26% return.
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
WNRG.L
- 1D
- 0.34%
- 1M
- 1.22%
- 6M
- 19.05%
- YTD
- 25.26%
- 1Y
- 33.56%
- 3Y*
- 16.08%
- 5Y*
- 20.08%
- 10Y*
- 8.57%
KSTR.L vs. WNRG.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | 2.78% |
WNRG.L State Street SPDR MSCI World Energy UCITS ETF | 25.26% | 14.83% | 2.07% | 3.52% | 46.61% | 8.75% |
Correlation
The correlation between KSTR.L and WNRG.L is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.05 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.09 |
The correlation between KSTR.L and WNRG.L shifts across timeframes, from -0.07 (1 year) to 0.09 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KSTR.L vs. WNRG.L — Risk / Return Rank
KSTR.L
WNRG.L
KSTR.L vs. WNRG.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 (KSTR.L) and State Street SPDR MSCI World Energy UCITS ETF (WNRG.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 | WNRG.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.61 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.29 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 2.14 | +2.61 |
| Martin ratioReturn relative to average drawdown | 12.21 | 6.18 | +6.03 |
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Drawdowns
KSTR.L vs. WNRG.L - Drawdown Comparison
The maximum KSTR.L drawdown since its inception was -66.67%, roughly equal to the maximum WNRG.L drawdown of -68.72%. Use the drawdown chart below to compare losses from any high point for KSTR.L and WNRG.L.
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Drawdown Indicators
| KSTR.L | WNRG.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.67% | -68.72% | +2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -15.98% | -3.44% |
Max Drawdown (3Y)Largest decline over 3 years | -36.60% | -18.94% | -17.66% |
Max Drawdown (5Y)Largest decline over 5 years | -66.38% | -26.55% | -39.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.92% | — |
Current DrawdownCurrent decline from peak | -18.75% | -9.97% | -8.78% |
Average DrawdownAverage peak-to-trough decline | -39.83% | -17.54% | -22.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 5.55% | +2.03% |
Volatility
KSTR.L vs. WNRG.L - Volatility Comparison
KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a higher volatility of 19.20% compared to State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) at 6.79%. This indicates that KSTR.L's price experiences larger fluctuations and is considered to be riskier than WNRG.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 | WNRG.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.20% | 6.79% | +12.41% |
Volatility (6M)Calculated over the trailing 6-month period | 33.48% | 17.77% | +15.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.57% | 20.58% | +19.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.52% | 24.34% | +10.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.46% | 33.35% | +1.11% |
KSTR.L vs. WNRG.L - Expense Ratio Comparison
KSTR.L has a 0.82% expense ratio, which is higher than WNRG.L's 0.30% expense ratio.
Dividends
KSTR.L vs. WNRG.L - Dividend Comparison
Neither KSTR.L nor WNRG.L has paid dividends to shareholders.
Frequently Asked Questions
KSTR.L and WNRG.L have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WNRG.L is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WNRG.L is cheaper with a 0.30% expense ratio, compared with 0.82% for KSTR.L.
KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF, while WNRG.L tracks State Street SPDR MSCI World Energy UCITS ETF. They also come from different issuers: KraneShares and State Street. Their fees differ too: 0.82% for KSTR.L and 0.30% for WNRG.L.
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