KSTR vs. CNXT
Compare and contrast key facts about KraneShares SSE STAR Market 50 Index ETF (KSTR) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT).
KSTR and CNXT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KSTR is a passively managed fund by KraneShares that tracks the performance of the SSE Science and Technology Innovation Board 50 Index. It was launched on Jan 26, 2021. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. Both KSTR and CNXT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KSTR or CNXT.
Key characteristics
| KSTR | CNXT | |
|---|---|---|
| YTD Return | 10.52% | 23.20% |
| 1Y Return | 4.89% | 17.37% |
| 3Y Return (Ann) | -18.31% | -15.22% |
| Sharpe Ratio | 0.07 | 0.33 |
| Sortino Ratio | 0.59 | 0.92 |
| Omega Ratio | 1.09 | 1.14 |
| Calmar Ratio | 0.06 | 0.26 |
| Martin Ratio | 0.19 | 1.02 |
| Ulcer Index | 20.16% | 16.85% |
| Daily Std Dev | 58.94% | 52.28% |
| Max Drawdown | -66.46% | -68.98% |
| Current Drawdown | -51.17% | -49.58% |
Correlation
The correlation between KSTR and CNXT is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KSTR vs. CNXT - Performance Comparison
In the year-to-date period, KSTR achieves a 10.52% return, which is significantly lower than CNXT's 23.20% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KSTR vs. CNXT - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is higher than CNXT's 0.65% expense ratio.
Risk-Adjusted Performance
KSTR vs. CNXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). 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.
Dividends
KSTR vs. CNXT - Dividend Comparison
Neither KSTR nor CNXT has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.00% | 0.00% | 0.00% | 9.23% | 0.01% | 0.45% | 0.00% | 0.19% |
Drawdowns
KSTR vs. CNXT - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, roughly equal to the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for KSTR and CNXT. For additional features, visit the drawdowns tool.
Volatility
KSTR vs. CNXT - Volatility Comparison
KraneShares SSE STAR Market 50 Index ETF (KSTR) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) have volatilities of 20.64% and 20.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.