KSTR vs. CWEB
Compare and contrast key facts about KraneShares SSE STAR Market 50 Index ETF (KSTR) and Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB).
KSTR and CWEB 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. CWEB is a passively managed fund by Direxion that tracks the performance of the CSI China Overseas Internet Index (200%). It was launched on Nov 2, 2016. Both KSTR and CWEB 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 CWEB.
Key characteristics
| KSTR | CWEB | |
|---|---|---|
| YTD Return | 10.52% | 1.45% |
| 1Y Return | 4.89% | -8.74% |
| 3Y Return (Ann) | -18.31% | -46.14% |
| Sharpe Ratio | 0.07 | -0.03 |
| Sortino Ratio | 0.59 | 0.53 |
| Omega Ratio | 1.09 | 1.06 |
| Calmar Ratio | 0.06 | -0.03 |
| Martin Ratio | 0.19 | -0.10 |
| Ulcer Index | 20.16% | 25.07% |
| Daily Std Dev | 58.94% | 76.52% |
| Max Drawdown | -66.46% | -98.09% |
| Current Drawdown | -51.17% | -96.80% |
Correlation
The correlation between KSTR and CWEB is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
KSTR vs. CWEB - Performance Comparison
In the year-to-date period, KSTR achieves a 10.52% return, which is significantly higher than CWEB's 1.45% 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. CWEB - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is lower than CWEB's 1.30% expense ratio.
Risk-Adjusted Performance
KSTR vs. CWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB). 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. CWEB - Dividend Comparison
KSTR has not paid dividends to shareholders, while CWEB's dividend yield for the trailing twelve months is around 2.54%.
| 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% |
CWEB Direxion Daily CSI China Internet Index Bull 2x Shares | 2.54% | 2.63% | 0.00% | 0.00% | 0.00% | 0.64% | 1.59% | 2.98% |
Drawdowns
KSTR vs. CWEB - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, smaller than the maximum CWEB drawdown of -98.09%. Use the drawdown chart below to compare losses from any high point for KSTR and CWEB. For additional features, visit the drawdowns tool.
Volatility
KSTR vs. CWEB - Volatility Comparison
The current volatility for KraneShares SSE STAR Market 50 Index ETF (KSTR) is 20.64%, while Direxion Daily CSI China Internet Index Bull 2x Shares (CWEB) has a volatility of 25.52%. This indicates that KSTR experiences smaller price fluctuations and is considered to be less risky than CWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.