KSTR vs. DBE
KSTR (KraneShares SSE STAR Market 50 Index ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - KSTR is a China Equities fund tracking the SSE Science and Technology Innovation Board 50 Index, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, KSTR returned -0.07%/yr vs 19.20%/yr for DBE. At a 0.05 correlation, their price movements are largely independent. KSTR charges 0.89%/yr vs 0.78%/yr for DBE.
Performance
KSTR vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, KSTR achieves a 31.11% return, which is significantly lower than DBE's 79.50% return.
KSTR
- 1D
- 2.65%
- 1M
- 4.77%
- YTD
- 31.11%
- 6M
- 35.86%
- 1Y
- 82.70%
- 3Y*
- 15.82%
- 5Y*
- -0.07%
- 10Y*
- —
DBE
- 1D
- 0.80%
- 1M
- -3.65%
- YTD
- 79.50%
- 6M
- 72.59%
- 1Y
- 82.31%
- 3Y*
- 22.48%
- 5Y*
- 19.20%
- 10Y*
- 11.78%
KSTR vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KSTR KraneShares SSE STAR Market 50 Index ETF | 31.11% | 42.82% | 6.12% | -17.93% | -38.51% | -1.70% |
DBE Invesco DB Energy Fund | 79.50% | -2.17% | 2.96% | -12.14% | 33.77% | 47.37% |
Correlation
The correlation between KSTR and DBE is -0.15, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021 | 0.05 |
The correlation between KSTR and DBE shifts across timeframes, from -0.15 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
KSTR vs. DBE — Risk / Return Rank
KSTR
DBE
KSTR vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and Invesco DB Energy Fund (DBE). 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.
| KSTR | DBE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.34 | 2.37 | -0.03 |
Sortino ratioReturn per unit of downside risk | 2.99 | 2.91 | +0.09 |
Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 4.71 | 6.10 | -1.39 |
Martin ratioReturn relative to average drawdown | 12.00 | 11.98 | +0.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KSTR | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.34 | 2.37 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.00 | 0.66 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.01 | 0.09 | -0.10 |
Drawdowns
KSTR vs. DBE - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for KSTR and DBE.
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Drawdown Indicators
| KSTR | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.46% | -86.69% | +20.23% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -14.41% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -41.55% | -23.89% | -17.66% |
Max Drawdown (5Y)Largest decline over 5 years | -66.46% | -38.74% | -27.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -12.20% | -31.85% | +19.65% |
Average DrawdownAverage peak-to-trough decline | -38.79% | -57.31% | +18.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.95% | 7.34% | -0.39% |
Volatility
KSTR vs. DBE - Volatility Comparison
KraneShares SSE STAR Market 50 Index ETF (KSTR) has a higher volatility of 15.14% compared to Invesco DB Energy Fund (DBE) at 13.47%. This indicates that KSTR's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSTR | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 13.47% | +1.67% |
Volatility (6M)Calculated over the trailing 6-month period | 26.19% | 30.80% | -4.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.46% | 35.02% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.31% | 29.37% | +8.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.69% | 28.33% | +9.36% |
KSTR vs. DBE - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
KSTR vs. DBE - Dividend Comparison
KSTR has not paid dividends to shareholders, while DBE's dividend yield for the trailing twelve months is around 2.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.15% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% |
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KSTR and DBE have a correlation of -0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KSTR has higher volatility (15.14%) compared to DBE (13.47%). In terms of maximum drawdown, KSTR dropped -66.46% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.20% vs -0.07% for KSTR. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 13.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 19.20% return vs -0.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 0.89% for KSTR.
DBE has the higher dividend yield at 2.15%, compared with 0.00% for KSTR.
KSTR is categorized as China Equities, while DBE is Oil & Gas. KSTR tracks SSE Science and Technology Innovation Board 50 Index, while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: KraneShares and Invesco. Their fees differ too: 0.89% for KSTR and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.37 vs 2.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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