KSTR vs. CAS

Last updated Jul 17, 2026

KSTR (KraneShares SSE STAR Market 50 Index ETF) and CAS (Simplify China A Shares PLUS Income ETF) are both China Equities funds. KSTR is passively managed, while CAS is actively managed. Their correlation of 0.81 suggests significant overlap in exposure. KSTR charges 0.89%/yr vs 0.88%/yr for CAS.

Performance

KSTR vs. CAS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares SSE STAR Market 50 Index ETF (KSTR) and Simplify China A Shares PLUS Income ETF (CAS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KSTR

• 1D: -4.74%
• 1M: 3.16%
• 6M: 23.81%
• YTD: 40.25%
• 1Y: 91.35%
• 3Y*: 21.62%
• 5Y*: -0.29%
• 10Y*: —

CAS

• 1D: -3.09%
• 1M: -7.28%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KSTR vs. CAS - Yearly Performance Comparison

	2026 (YTD)
KSTR KraneShares SSE STAR Market 50 Index ETF	0.19%
CAS Simplify China A Shares PLUS Income ETF	-7.21%

Correlation

The correlation between KSTR and CAS is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 28, 2026	0.81

KSTR vs. CAS - Sectors Allocation Comparison

Sectors	KSTR	CAS
Technology	86.3%	-
Industrials	6.6%	-
Healthcare	5.7%	-
Consumer Cyclical	0.9%	-
Energy	0.9%	-
Basic Materials	0.6%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	40.5%
Real Estate	-	-
Utilities	-	-

Return for Risk

KSTR vs. CAS — Risk / Return Rank

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

KSTR

KSTR Risk / Return Rank: 83
KSTR Sharpe Ratio Rank: 86
KSTR Sortino Ratio Rank: 77
KSTR Omega Ratio Rank: 78
KSTR Calmar Ratio Rank: 92
KSTR Martin Ratio Rank: 80

CAS

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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 vs. CAS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and Simplify China A Shares PLUS Income ETF (CAS). 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	CAS	Difference
Sharpe ratio: Return per unit of total volatility	2.21	—	—
Sortino ratio: Return per unit of downside risk	2.74	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	4.75	—	—
Martin ratio: Return relative to average drawdown	12.14	—	—

Drawdowns

KSTR vs. CAS - Drawdown Comparison

The maximum KSTR drawdown since its inception was -66.46%, which is greater than CAS's maximum drawdown of -10.52%. Use the drawdown chart below to compare losses from any high point for KSTR and CAS.

Drawdown Indicators

	KSTR	CAS	Difference
Max Drawdown Largest peak-to-trough decline	-66.46%	-10.52%	-55.94%
Max Drawdown (1Y) Largest decline over 1 year	-19.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-41.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.31%	—	—
Current Drawdown Current decline from peak	-19.32%	-10.52%	-8.80%
Average Drawdown Average peak-to-trough decline	-38.10%	-3.57%	-34.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.55%	—	—

Volatility

Volatility by Period

	KSTR	CAS	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.06%	—	—
Volatility (6M) Calculated over the trailing 6-month period	33.82%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.64%	32.80%	+8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.43%	32.80%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.52%	32.80%	+5.72%

KSTR vs. CAS - Expense Ratio Comparison

KSTR has a 0.89% expense ratio, which is higher than CAS's 0.88% expense ratio.

Dividends

KSTR vs. CAS - Dividend Comparison

KSTR has not paid dividends to shareholders, while CAS's dividend yield for the trailing twelve months is around 0.38%.

Position	TTM
CAS Simplify China A Shares PLUS Income ETF	0.38%
KSTR KraneShares SSE STAR Market 50 Index ETF	0.00%

Frequently Asked Questions

Can I hold both KSTR and CAS in my portfolio?

KSTR and CAS have a correlation of 0.81, 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 or CAS?

On fees, CAS is cheaper at 0.88% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KSTR or CAS?

CAS is cheaper with a 0.88% expense ratio, compared with 0.89% for KSTR.

Which ETF pays a higher dividend yield, KSTR or CAS?

CAS has the higher dividend yield at 0.38%, compared with 0.00% for KSTR.

What is the main difference between KSTR and CAS?

They also come from different issuers: KraneShares and Simplify. Their fees differ too: 0.89% for KSTR and 0.88% for CAS.