KSTR vs. JCHI

Last updated Jun 5, 2026

KSTR (KraneShares SSE STAR Market 50 Index ETF) and JCHI (JPMorgan Active China ETF) are both China Equities funds. KSTR is passively managed, while JCHI is actively managed. Over the past 3 years, KSTR returned 16.90%/yr vs 8.99%/yr for JCHI. A 0.61 correlation means they provide meaningful diversification when combined. KSTR charges 0.89%/yr vs 0.65%/yr for JCHI.

Performance

KSTR vs. JCHI - Performance Comparison

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

Returns By Period

In the year-to-date period, KSTR achieves a 34.18% return, which is significantly higher than JCHI's 0.50% return.

KSTR

• 1D: 0.93%
• 1M: 7.35%
• YTD: 34.18%
• 6M: 38.49%
• 1Y: 83.87%
• 3Y*: 16.90%
• 5Y*: -0.02%
• 10Y*: —

JCHI

• 1D: -0.09%
• 1M: -0.31%
• YTD: 0.50%
• 6M: -0.36%
• 1Y: 16.23%
• 3Y*: 8.99%
• 5Y*: —
• 10Y*: —

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

KSTR vs. JCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KSTR KraneShares SSE STAR Market 50 Index ETF	34.18%	42.82%	6.12%	-20.43%
JCHI JPMorgan Active China ETF	0.50%	27.66%	13.77%	-17.06%

Correlation

The correlation between KSTR and JCHI is 0.63, 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	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Mar 17, 2023	0.61

The correlation between KSTR and JCHI has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.

KSTR vs. JCHI - Sectors Allocation Comparison

Sectors	KSTR	JCHI
Technology	78.5%	14.7%
Industrials	6.5%	10.7%
Healthcare	4.1%	4.7%
Consumer Cyclical	1.4%	20.6%
Energy	0.9%	3.3%
Basic Materials	0.6%	6.7%
Communication Services	-	14.5%
Consumer Defensive	-	4.1%
Financial Services	-	20.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

KSTR vs. JCHI — Risk / Return Rank

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

KSTR

KSTR Risk / Return Rank: 72
KSTR Sharpe Ratio Rank: 75
KSTR Sortino Ratio Rank: 67
KSTR Omega Ratio Rank: 68
KSTR Calmar Ratio Rank: 86
KSTR Martin Ratio Rank: 67

JCHI

JCHI Risk / Return Rank: 25
JCHI Sharpe Ratio Rank: 26
JCHI Sortino Ratio Rank: 26
JCHI Omega Ratio Rank: 26
JCHI Calmar Ratio Rank: 25
JCHI Martin Ratio Rank: 22

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. JCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and JPMorgan Active China ETF (JCHI). 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	JCHI	Difference
Sharpe ratio: Return per unit of total volatility	2.38	0.93	+1.45
Sortino ratio: Return per unit of downside risk	3.02	1.40	+1.63
Omega ratio: Gain probability vs. loss probability	1.40	1.17	+0.23
Calmar ratio: Return relative to maximum drawdown	4.76	1.13	+3.63
Martin ratio: Return relative to average drawdown	12.06	2.74	+9.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KSTR vs. JCHI - Sharpe Ratio Comparison

The current KSTR Sharpe Ratio is 2.38, which is higher than the JCHI Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of KSTR and JCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KSTR	JCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	0.93	+1.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.25	-0.24

Drawdowns

KSTR vs. JCHI - Drawdown Comparison

The maximum KSTR drawdown since its inception was -66.46%, which is greater than JCHI's maximum drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for KSTR and JCHI.

Drawdown Indicators

	KSTR	JCHI	Difference
Max Drawdown Largest peak-to-trough decline	-66.46%	-29.57%	-36.89%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-14.37%	-3.33%
Max Drawdown (3Y) Largest decline over 3 years	-41.55%	-27.47%	-14.08%
Max Drawdown (5Y) Largest decline over 5 years	-66.46%	—	—
Current Drawdown Current decline from peak	-10.15%	-7.41%	-2.74%
Average Drawdown Average peak-to-trough decline	-38.75%	-13.33%	-25.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.98%	5.93%	+1.05%

Volatility

KSTR vs. JCHI - Volatility Comparison

KraneShares SSE STAR Market 50 Index ETF (KSTR) has a higher volatility of 15.15% compared to JPMorgan Active China ETF (JCHI) at 6.28%. This indicates that KSTR's price experiences larger fluctuations and is considered to be riskier than JCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSTR	JCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.15%	6.28%	+8.87%
Volatility (6M) Calculated over the trailing 6-month period	26.14%	12.32%	+13.82%
Volatility (1Y) Calculated over the trailing 1-year period	35.48%	17.59%	+17.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.30%	24.86%	+13.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.67%	24.86%	+12.81%

KSTR vs. JCHI - Expense Ratio Comparison

KSTR has a 0.89% expense ratio, which is higher than JCHI's 0.65% expense ratio.

Dividends

KSTR vs. JCHI - Dividend Comparison

KSTR has not paid dividends to shareholders, while JCHI's dividend yield for the trailing twelve months is around 1.80%.

Position	TTM	2025	2024	2023
JCHI JPMorgan Active China ETF	1.80%	1.81%	2.12%	2.13%
KSTR KraneShares SSE STAR Market 50 Index ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KSTR and JCHI in my portfolio?

KSTR and JCHI have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KSTR or JCHI?

KSTR has higher volatility (15.15%) compared to JCHI (6.28%). In terms of maximum drawdown, KSTR dropped -66.46% vs JCHI's -29.57%.

Which ETF is better, KSTR or JCHI?

On 3-year performance, KSTR leads with 16.90% vs 8.99% for JCHI. On fees, JCHI is cheaper at 0.65% per year. On volatility, JCHI has been the lower-risk option at 6.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KSTR or JCHI?

Over the 3-year period, KSTR has performed better with a 16.90% return vs 8.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KSTR or JCHI?

JCHI is cheaper with a 0.65% expense ratio, compared with 0.89% for KSTR.

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

JCHI has the higher dividend yield at 1.80%, compared with 0.00% for KSTR.

What is the main difference between KSTR and JCHI?

They also come from different issuers: KraneShares and JPMorgan. Their fees differ too: 0.89% for KSTR and 0.65% for JCHI.

Which has better risk-adjusted returns?

KSTR currently has the higher Sharpe Ratio (2.38 vs 0.93), 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.