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KSTR vs. ECNS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KSTR vs. ECNS

Last updated Jun 23, 2026

KSTR (KraneShares SSE STAR Market 50 Index ETF) and ECNS (iShares MSCI China Small-Cap ETF) are both exchange-traded funds - KSTR is a China Equities fund tracking the SSE Science and Technology Innovation Board 50 Index, while ECNS is a Asia Pacific Equities fund tracking the MSCI China Small Cap Index. Both are passively managed. Over the past 5 years, KSTR returned 1.33%/yr vs -7.59%/yr for ECNS. A 0.53 correlation means they provide meaningful diversification when combined. KSTR charges 0.89%/yr vs 0.59%/yr for ECNS.

Performance

KSTR vs. ECNS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares SSE STAR Market 50 Index ETF (KSTR) and iShares MSCI China Small-Cap ETF (ECNS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, KSTR achieves a 51.37% return, which is significantly higher than ECNS's -8.11% return.

KSTR

1D
1.22%
1M
10.13%
YTD
51.37%
6M
53.01%
1Y
113.73%
3Y*
23.99%
5Y*
1.33%
10Y*
—

ECNS

1D
0.38%
1M
-4.88%
YTD
-8.11%
6M
-9.36%
1Y
5.33%
3Y*
7.60%
5Y*
-7.59%
10Y*
1.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KSTR vs. ECNS - Yearly Performance Comparison

2026 (YTD)20252024202320222021
KSTR
KraneShares SSE STAR Market 50 Index ETF		51.37%42.82%6.12%-17.93%-38.51%-2.01%
ECNS
iShares MSCI China Small-Cap ETF		-8.11%36.49%5.64%-23.05%-24.58%-12.68%

Correlation

The correlation between KSTR and ECNS is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.51

Correlation (3Y)
Calculated over the trailing 3-year period

0.58

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2021

0.53

The correlation between KSTR and ECNS has been stable across timeframes, ranging from 0.51 to 0.58 - a consistent structural relationship.

KSTR vs. ECNS - Sectors Allocation Comparison

Sectors
KSTR
ECNS

Technology

86.3%
12.6%

Industrials

6.6%
18.0%

Healthcare

5.7%
19.9%

Consumer Cyclical

0.9%
9.3%

Energy

0.9%
3.2%

Basic Materials

0.6%
8.4%

Communication Services

-

6.5%

Consumer Defensive

-

4.2%

Financial Services

-

4.6%

Real Estate

-

8.7%

Utilities

-

2.4%

Technology

KSTR
86.3%
ECNS
12.6%

Industrials

KSTR
6.6%
ECNS
18.0%

Healthcare

KSTR
5.7%
ECNS
19.9%

Consumer Cyclical

KSTR
0.9%
ECNS
9.3%

Energy

KSTR
0.9%
ECNS
3.2%

Basic Materials

KSTR
0.6%
ECNS
8.4%

Communication Services

KSTR

-

ECNS
6.5%

Consumer Defensive

KSTR

-

ECNS
4.2%

Financial Services

KSTR

-

ECNS
4.6%

Real Estate

KSTR

-

ECNS
8.7%

Utilities

KSTR

-

ECNS
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares SSE STAR Market 50 Index ETF

iShares MSCI China Small-Cap ETF

Often compared with KSTR:
KSTR vs. CNXTKSTR vs. VOOKSTR vs. CWEBKSTR vs. CQQQKSTR vs. QQQMKSTR vs. MCHIKSTR vs. KTEC
Often compared with ECNS:
ECNS vs. ASHSECNS vs. MCHIECNS vs. CNXTECNS vs. DFAEECNS vs. CQQQECNS vs. FLCHECNS vs. EWT

Return for Risk

KSTR vs. ECNS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KSTR
KSTR Risk / Return Rank: 8787
Overall Rank
KSTR Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
KSTR Sortino Ratio Rank: 8585
Sortino Ratio Rank
KSTR Omega Ratio Rank: 8484
Omega Ratio Rank
KSTR Calmar Ratio Rank: 9393
Calmar Ratio Rank
KSTR Martin Ratio Rank: 8282
Martin Ratio Rank
ECNS
ECNS Risk / Return Rank: 1111
Overall Rank
ECNS Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
ECNS Sortino Ratio Rank: 1111
Sortino Ratio Rank
ECNS Omega Ratio Rank: 1212
Omega Ratio Rank
ECNS Calmar Ratio Rank: 1111
Calmar Ratio Rank
ECNS Martin Ratio Rank: 1111
Martin Ratio Rank
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. ECNS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and iShares MSCI China Small-Cap ETF (ECNS). 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.

KSTRECNSDifference
Sharpe ratioReturn per unit of total volatility
3.08
0.26

+2.82

Sortino ratioReturn per unit of downside risk
3.62
0.48

+3.14

Omega ratioGain probability vs. loss probability

1.48

1.06

+0.42

Calmar ratioReturn relative to maximum drawdown

6.46

0.25

+6.21

Martin ratioReturn relative to average drawdown

15.95

0.53

+15.42

KSTR vs. ECNS - Sharpe Ratio Comparison

The current KSTR Sharpe Ratio is 3.08, which is higher than the ECNS Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of KSTR and ECNS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KSTR vs. ECNS - Drawdown Comparison

The maximum KSTR drawdown since its inception was -66.46%, roughly equal to the maximum ECNS drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for KSTR and ECNS.

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Drawdown Indicators

KSTRECNSDifference

Max Drawdown

Largest peak-to-trough decline

-66.46%

-63.43%

-3.03%

Max Drawdown (1Y)

Largest decline over 1 year

-17.70%

-21.48%

+3.78%

Max Drawdown (3Y)

Largest decline over 3 years

-41.55%

-31.72%

-9.83%

Max Drawdown (5Y)

Largest decline over 5 years

-66.46%

-59.61%

-6.85%

Max Drawdown (10Y)

Largest decline over 10 years

—

-63.43%

—

Current Drawdown

Current decline from peak

0.00%

-40.85%

+40.85%

Average Drawdown

Average peak-to-trough decline

-38.49%

-29.41%

-9.08%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.16%

10.14%

-2.98%

Volatility

KSTR vs. ECNS - Volatility Comparison

KraneShares SSE STAR Market 50 Index ETF (KSTR) has a higher volatility of 16.21% compared to iShares MSCI China Small-Cap ETF (ECNS) at 5.50%. This indicates that KSTR's price experiences larger fluctuations and is considered to be riskier than ECNS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KSTRECNSDifference

Volatility (1M)

Calculated over the trailing 1-month period

16.21%

5.50%

+10.71%

Volatility (6M)

Calculated over the trailing 6-month period

28.50%

13.46%

+15.04%

Volatility (1Y)

Calculated over the trailing 1-year period

37.25%

20.63%

+16.62%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

38.58%

29.43%

+9.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

37.87%

25.91%

+11.96%

KSTR vs. ECNS - Expense Ratio Comparison

KSTR has a 0.89% expense ratio, which is higher than ECNS's 0.59% expense ratio.

Dividends

KSTR vs. ECNS - Dividend Comparison

KSTR has not paid dividends to shareholders, while ECNS's dividend yield for the trailing twelve months is around 6.40%.

PositionTTM20252024202320222021202020192018201720162015
ECNS
iShares MSCI China Small-Cap ETF		6.40%6.20%5.98%4.89%3.54%4.87%3.59%3.23%6.16%3.18%4.29%3.58%
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%0.00%0.00%0.00%

Frequently Asked Questions

KSTR and ECNS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KSTR has higher volatility (16.21%) compared to ECNS (5.50%). In terms of maximum drawdown, KSTR dropped -66.46% vs ECNS's -63.43%.

On 5-year performance, KSTR leads with 1.33% vs -7.59% for ECNS. On fees, ECNS is cheaper at 0.59% per year. On volatility, ECNS has been the lower-risk option at 5.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KSTR has performed better with a 1.33% return vs -7.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ECNS is cheaper with a 0.59% expense ratio, compared with 0.89% for KSTR.

ECNS has the higher dividend yield at 6.40%, compared with 0.00% for KSTR.

KSTR is categorized as China Equities, while ECNS is Asia Pacific Equities. KSTR tracks SSE Science and Technology Innovation Board 50 Index, while ECNS tracks MSCI China Small Cap Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 0.89% for KSTR and 0.59% for ECNS.

KSTR currently has the higher Sharpe Ratio (3.08 vs 0.26), 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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