KSTR vs. CNQQ

Last updated Jul 18, 2026

KSTR (KraneShares SSE STAR Market 50 Index ETF) and CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) are both China Equities funds - KSTR tracks the SSE Science and Technology Innovation Board 50 Index while CNQQ tracks the Solactive ChinaAMC Transformative China Tech. Both are passively managed. Their correlation of 0.83 suggests significant overlap in exposure. KSTR charges 0.89%/yr vs 0.75%/yr for CNQQ.

Performance

KSTR vs. CNQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares SSE STAR Market 50 Index ETF (KSTR) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KSTR achieves a 33.05% return, which is significantly higher than CNQQ's 6.72% return.

KSTR

• 1D: -5.13%
• 1M: -5.60%
• 6M: 17.18%
• YTD: 33.05%
• 1Y: 79.94%
• 3Y*: 19.87%
• 5Y*: -1.33%
• 10Y*: —

CNQQ

• 1D: -2.56%
• 1M: -2.16%
• 6M: 1.16%
• YTD: 6.72%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KSTR vs. CNQQ - Yearly Performance Comparison

	2026 (YTD)	2025
KSTR KraneShares SSE STAR Market 50 Index ETF	33.05%	-4.56%
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	6.72%	-5.22%

Correlation

The correlation between KSTR and CNQQ is 0.83, 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 Sep 26, 2025	0.83

Return for Risk

KSTR vs. CNQQ — Risk / Return Rank

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

KSTR

KSTR Risk / Return Rank: 74
KSTR Sharpe Ratio Rank: 76
KSTR Sortino Ratio Rank: 69
KSTR Omega Ratio Rank: 70
KSTR Calmar Ratio Rank: 82
KSTR Martin Ratio Rank: 73

CNQQ

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. CNQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ). 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	CNQQ	Difference
Sharpe ratio: Return per unit of total volatility	1.91	—	—
Sortino ratio: Return per unit of downside risk	2.48	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.43	—	—
Martin ratio: Return relative to average drawdown	10.42	—	—

Drawdowns

KSTR vs. CNQQ - Drawdown Comparison

The maximum KSTR drawdown since its inception was -66.46%, which is greater than CNQQ's maximum drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for KSTR and CNQQ.

Drawdown Indicators

	KSTR	CNQQ	Difference
Max Drawdown Largest peak-to-trough decline	-66.46%	-17.82%	-48.64%
Max Drawdown (1Y) Largest decline over 1 year	-23.46%	—	—
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	-23.46%	-7.55%	-15.91%
Average Drawdown Average peak-to-trough decline	-38.09%	-8.43%	-29.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.69%	—	—

Volatility

Volatility by Period

	KSTR	CNQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	21.72%	—	—
Volatility (6M) Calculated over the trailing 6-month period	34.20%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	41.99%	27.12%	+14.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.48%	27.12%	+12.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.57%	27.12%	+11.45%

KSTR vs. CNQQ - Expense Ratio Comparison

KSTR has a 0.89% expense ratio, which is higher than CNQQ's 0.75% expense ratio.

Dividends

KSTR vs. CNQQ - Dividend Comparison

KSTR has not paid dividends to shareholders, while CNQQ's dividend yield for the trailing twelve months is around 0.35%.

Position	TTM	2025
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF	0.35%	0.09%
KSTR KraneShares SSE STAR Market 50 Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both KSTR and CNQQ in my portfolio?

KSTR and CNQQ have a correlation of 0.83, 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 CNQQ?

On fees, CNQQ is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KSTR or CNQQ?

CNQQ is cheaper with a 0.75% expense ratio, compared with 0.89% for KSTR.

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

CNQQ has the higher dividend yield at 0.35%, compared with 0.00% for KSTR.

What is the main difference between KSTR and CNQQ?

KSTR tracks SSE Science and Technology Innovation Board 50 Index, while CNQQ tracks Solactive ChinaAMC Transformative China Tech. They also come from different issuers: KraneShares and Rayliant. Their fees differ too: 0.89% for KSTR and 0.75% for CNQQ.