KSTR vs. KCSH
KSTR (KraneShares SSE STAR Market 50 Index ETF) and KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) are both exchange-traded funds - KSTR is a China Equities fund tracking the SSE Science and Technology Innovation Board 50 Index, while KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index. Both are passively managed. Over the past year, KSTR returned 83.76% vs 4.06% for KCSH. At a 0.05 correlation, their price movements are largely independent. KSTR charges 0.89%/yr vs 0.20%/yr for KCSH.
Performance
KSTR vs. KCSH - Performance Comparison
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Returns By Period
In the year-to-date period, KSTR achieves a 32.94% return, which is significantly higher than KCSH's 1.49% return.
KSTR
- 1D
- 1.39%
- 1M
- 7.01%
- YTD
- 32.94%
- 6M
- 38.23%
- 1Y
- 83.76%
- 3Y*
- 16.36%
- 5Y*
- -0.21%
- 10Y*
- —
KCSH
- 1D
- 0.02%
- 1M
- 0.32%
- YTD
- 1.49%
- 6M
- 1.83%
- 1Y
- 4.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KSTR vs. KCSH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KSTR KraneShares SSE STAR Market 50 Index ETF | 32.94% | 42.82% | 29.97% |
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 1.49% | 4.49% | 1.94% |
Correlation
The correlation between KSTR and KCSH is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Jul 29, 2024 | 0.05 |
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Return for Risk
KSTR vs. KCSH — Risk / Return Rank
KSTR
KCSH
KSTR vs. KCSH - 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 Sustainable Ultra Short Duration Index ETF (KCSH). 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 | KCSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.16 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 4.76 | 7.00 | -2.24 |
| Martin ratioReturn relative to average drawdown | 12.06 | 59.08 | -47.02 |
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 | KCSH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 3.30 | -0.93 |
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 | 3.26 | -3.26 |
Drawdowns
KSTR vs. KCSH - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, which is greater than KCSH's maximum drawdown of -0.58%. Use the drawdown chart below to compare losses from any high point for KSTR and KCSH.
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Drawdown Indicators
| KSTR | KCSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.46% | -0.58% | -65.88% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -0.58% | -17.12% |
Max Drawdown (3Y)Largest decline over 3 years | -41.55% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -66.46% | — | — |
Current DrawdownCurrent decline from peak | -10.98% | 0.00% | -10.98% |
Average DrawdownAverage peak-to-trough decline | -38.77% | -0.03% | -38.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 0.07% | +6.90% |
Volatility
KSTR vs. KCSH - Volatility Comparison
KraneShares SSE STAR Market 50 Index ETF (KSTR) has a higher volatility of 15.14% compared to KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) at 0.06%. This indicates that KSTR's price experiences larger fluctuations and is considered to be riskier than KCSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KSTR | KCSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.14% | 0.06% | +15.08% |
Volatility (6M)Calculated over the trailing 6-month period | 26.21% | 0.83% | +25.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.48% | 1.24% | +34.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.31% | 1.33% | +36.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.68% | 1.33% | +36.35% |
KSTR vs. KCSH - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is higher than KCSH's 0.20% expense ratio.
Dividends
KSTR vs. KCSH - Dividend Comparison
KSTR has not paid dividends to shareholders, while KCSH's dividend yield for the trailing twelve months is around 3.97%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 3.97% | 4.35% | 2.08% |
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
KSTR and KCSH have a correlation of 0.01, 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 KCSH (0.06%). In terms of maximum drawdown, KSTR dropped -66.46% vs KCSH's -0.58%.
On 1-year performance, KSTR leads with 83.76% vs 4.06% for KCSH. On fees, KCSH is cheaper at 0.20% per year. On volatility, KCSH has been the lower-risk option at 0.06%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KSTR has performed better with a 83.76% return vs 4.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KCSH is cheaper with a 0.20% expense ratio, compared with 0.89% for KSTR.
KCSH has the higher dividend yield at 3.97%, compared with 0.00% for KSTR.
KSTR is categorized as China Equities, while KCSH is Ultrashort Bond. KSTR tracks SSE Science and Technology Innovation Board 50 Index, while KCSH tracks Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index. Their fees differ too: 0.89% for KSTR and 0.20% for KCSH.
KCSH currently has the higher Sharpe Ratio (3.30 vs 2.37), 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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