KSTR vs. KBAB

Last updated Jun 4, 2026

KSTR (KraneShares SSE STAR Market 50 Index ETF) and KBAB (KraneShares 2x Long BABA Daily ETF) are both exchange-traded funds - KSTR is a China Equities fund tracking the SSE Science and Technology Innovation Board 50 Index, while KBAB is a Leveraged Equities fund actively managed by KraneShares. KSTR is passively managed, while KBAB is actively managed. Over the past year, KSTR returned 83.76% vs -3.50% for KBAB. At a 0.45 correlation, their price movements are largely independent. KSTR charges 0.89%/yr vs 1.00%/yr for KBAB.

Performance

KSTR vs. KBAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares SSE STAR Market 50 Index ETF (KSTR) and KraneShares 2x Long BABA Daily ETF (KBAB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KSTR achieves a 32.94% return, which is significantly higher than KBAB's -33.01% return.

KSTR

• 1D: 1.39%
• 1M: 7.01%
• YTD: 32.94%
• 6M: 38.23%
• 1Y: 83.76%
• 3Y*: 16.36%
• 5Y*: -0.21%
• 10Y*: —

KBAB

• 1D: -4.79%
• 1M: -11.26%
• YTD: -33.01%
• 6M: -43.16%
• 1Y: -3.50%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KSTR vs. KBAB - Yearly Performance Comparison

	2026 (YTD)	2025
KSTR KraneShares SSE STAR Market 50 Index ETF	32.94%	25.74%
KBAB KraneShares 2x Long BABA Daily ETF	-33.01%	-7.77%

Correlation

The correlation between KSTR and KBAB is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Mar 13, 2025	0.45

KSTR vs. KBAB - Sectors Allocation Comparison

Sectors	KSTR	KBAB
Technology	78.5%	-
Industrials	6.5%	-
Healthcare	4.1%	-
Consumer Cyclical	1.4%	100.0%
Energy	0.9%	-
Basic Materials	0.6%	-
Communication Services	-	-
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

KSTR vs. KBAB — Risk / Return Rank

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

KSTR

KSTR Risk / Return Rank: 71
KSTR Sharpe Ratio Rank: 72
KSTR Sortino Ratio Rank: 64
KSTR Omega Ratio Rank: 65
KSTR Calmar Ratio Rank: 86
KSTR Martin Ratio Rank: 66

KBAB

KBAB Risk / Return Rank: 11
KBAB Sharpe Ratio Rank: 9
KBAB Sortino Ratio Rank: 14
KBAB Omega Ratio Rank: 13
KBAB Calmar Ratio Rank: 8
KBAB Martin Ratio Rank: 8

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. KBAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and KraneShares 2x Long BABA Daily ETF (KBAB). 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	KBAB	Difference
Sharpe ratio: Return per unit of total volatility	2.37	-0.04	+2.41
Sortino ratio: Return per unit of downside risk	3.02	0.64	+2.38
Omega ratio: Gain probability vs. loss probability	1.40	1.07	+0.33
Calmar ratio: Return relative to maximum drawdown	4.76	-0.05	+4.81
Martin ratio: Return relative to average drawdown	12.06	-0.10	+12.16
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. KBAB - Sharpe Ratio Comparison

The current KSTR Sharpe Ratio is 2.37, which is higher than the KBAB Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of KSTR and KBAB, 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	KBAB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	-0.04	+2.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	-0.36	+0.36

Drawdowns

KSTR vs. KBAB - Drawdown Comparison

The maximum KSTR drawdown since its inception was -66.46%, roughly equal to the maximum KBAB drawdown of -65.23%. Use the drawdown chart below to compare losses from any high point for KSTR and KBAB.

Drawdown Indicators

	KSTR	KBAB	Difference
Max Drawdown Largest peak-to-trough decline	-66.46%	-65.23%	-1.23%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-65.23%	+47.53%
Max Drawdown (3Y) Largest decline over 3 years	-41.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-66.46%	—	—
Current Drawdown Current decline from peak	-10.98%	-62.27%	+51.29%
Average Drawdown Average peak-to-trough decline	-38.77%	-37.38%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.97%	36.47%	-29.50%

Volatility

KSTR vs. KBAB - Volatility Comparison

The current volatility for KraneShares SSE STAR Market 50 Index ETF (KSTR) is 15.14%, while KraneShares 2x Long BABA Daily ETF (KBAB) has a volatility of 28.62%. This indicates that KSTR experiences smaller price fluctuations and is considered to be less risky than KBAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSTR	KBAB	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.14%	28.62%	-13.48%
Volatility (6M) Calculated over the trailing 6-month period	26.21%	57.54%	-31.33%
Volatility (1Y) Calculated over the trailing 1-year period	35.48%	87.64%	-52.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.31%	91.00%	-52.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.68%	91.00%	-53.32%

KSTR vs. KBAB - Expense Ratio Comparison

KSTR has a 0.89% expense ratio, which is lower than KBAB's 1.00% expense ratio.

Dividends

KSTR vs. KBAB - Dividend Comparison

KSTR has not paid dividends to shareholders, while KBAB's dividend yield for the trailing twelve months is around 89.39%.

Position	TTM	2025
KBAB KraneShares 2x Long BABA Daily ETF	89.39%	59.88%
KSTR KraneShares SSE STAR Market 50 Index ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both KSTR and KBAB in my portfolio?

KSTR and KBAB have a correlation of 0.43, 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 KBAB?

KBAB has higher volatility (28.62%) compared to KSTR (15.14%). In terms of maximum drawdown, KSTR dropped -66.46% vs KBAB's -65.23%.

Which ETF is better, KSTR or KBAB?

On 1-year performance, KSTR leads with 83.76% vs -3.50% for KBAB. On fees, KSTR is cheaper at 0.89% per year. On volatility, KSTR has been the lower-risk option at 15.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KSTR or KBAB?

Over the 1-year period, KSTR has performed better with a 83.76% return vs -3.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KSTR or KBAB?

KSTR is cheaper with a 0.89% expense ratio, compared with 1.00% for KBAB.

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

KBAB has the higher dividend yield at 89.39%, compared with 0.00% for KSTR.

What is the main difference between KSTR and KBAB?

KSTR is categorized as China Equities, while KBAB is Leveraged Equities. Their fees differ too: 0.89% for KSTR and 1.00% for KBAB.

Which has better risk-adjusted returns?

KSTR currently has the higher Sharpe Ratio (2.37 vs -0.04), 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.