KSTR vs. KWEB

Last updated Jun 5, 2026

KSTR (KraneShares SSE STAR Market 50 Index ETF) and KWEB (KraneShares CSI China Internet ETF) are both China Equities funds from KraneShares - KSTR tracks the SSE Science and Technology Innovation Board 50 Index while KWEB tracks the CSI Overseas China Internet Index. Both are passively managed. Over the past 5 years, KSTR returned -0.02%/yr vs -14.33%/yr for KWEB. At a 0.47 correlation, their price movements are largely independent. KSTR charges 0.89%/yr vs 0.70%/yr for KWEB.

Performance

KSTR vs. KWEB - 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 CSI China Internet ETF (KWEB). 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 KWEB's -20.32% return.

KSTR

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

KWEB

• 1D: -0.33%
• 1M: -4.91%
• YTD: -20.32%
• 6M: -22.46%
• 1Y: -15.17%
• 3Y*: 4.22%
• 5Y*: -14.33%
• 10Y*: -0.18%

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

KSTR vs. KWEB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KSTR KraneShares SSE STAR Market 50 Index ETF	34.18%	42.82%	6.12%	-17.93%	-38.51%	-1.70%
KWEB KraneShares CSI China Internet ETF	-20.32%	23.55%	12.01%	-9.06%	-17.24%	-56.01%

Correlation

The correlation between KSTR and KWEB 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	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 28, 2021	0.47

The correlation between KSTR and KWEB has been stable across timeframes, ranging from 0.46 to 0.54 - a consistent structural relationship.

KSTR vs. KWEB - Sectors Allocation Comparison

Sectors	KSTR	KWEB
Technology	78.5%	17.6%
Industrials	6.5%	3.1%
Healthcare	4.1%	6.0%
Consumer Cyclical	1.4%	37.7%
Energy	0.9%	-
Basic Materials	0.6%	-
Communication Services	-	24.8%
Consumer Defensive	-	3.1%
Financial Services	-	2.2%
Real Estate	-	5.2%
Utilities	-	-

Return for Risk

KSTR vs. KWEB — 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

KWEB

KWEB Risk / Return Rank: 5
KWEB Sharpe Ratio Rank: 4
KWEB Sortino Ratio Rank: 4
KWEB Omega Ratio Rank: 4
KWEB Calmar Ratio Rank: 5
KWEB Martin Ratio Rank: 5

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. KWEB - 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 CSI China Internet ETF (KWEB). 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	KWEB	Difference
Sharpe ratio: Return per unit of total volatility	2.38	-0.56	+2.94
Sortino ratio: Return per unit of downside risk	3.02	-0.67	+3.70
Omega ratio: Gain probability vs. loss probability	1.40	0.92	+0.47
Calmar ratio: Return relative to maximum drawdown	4.76	-0.45	+5.21
Martin ratio: Return relative to average drawdown	12.06	-0.90	+12.95
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. KWEB - Sharpe Ratio Comparison

The current KSTR Sharpe Ratio is 2.38, which is higher than the KWEB Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of KSTR and KWEB, 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	KWEB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.38	-0.56	+2.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	-0.30	+0.30
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.06	-0.05

Drawdowns

KSTR vs. KWEB - Drawdown Comparison

The maximum KSTR drawdown since its inception was -66.46%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KSTR and KWEB.

Drawdown Indicators

	KSTR	KWEB	Difference
Max Drawdown Largest peak-to-trough decline	-66.46%	-80.92%	+14.46%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-34.13%	+16.43%
Max Drawdown (3Y) Largest decline over 3 years	-41.55%	-34.13%	-7.42%
Max Drawdown (5Y) Largest decline over 5 years	-66.46%	-72.17%	+5.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.92%	—
Current Drawdown Current decline from peak	-10.15%	-68.62%	+58.47%
Average Drawdown Average peak-to-trough decline	-38.75%	-35.25%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.98%	16.97%	-9.99%

Volatility

KSTR vs. KWEB - Volatility Comparison

KraneShares SSE STAR Market 50 Index ETF (KSTR) has a higher volatility of 15.15% compared to KraneShares CSI China Internet ETF (KWEB) at 11.53%. This indicates that KSTR's price experiences larger fluctuations and is considered to be riskier than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KSTR	KWEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.15%	11.53%	+3.62%
Volatility (6M) Calculated over the trailing 6-month period	26.14%	20.09%	+6.05%
Volatility (1Y) Calculated over the trailing 1-year period	35.48%	27.25%	+8.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.30%	47.67%	-9.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.67%	39.98%	-2.31%

KSTR vs. KWEB - Expense Ratio Comparison

KSTR has a 0.89% expense ratio, which is higher than KWEB's 0.70% expense ratio.

Dividends

KSTR vs. KWEB - Dividend Comparison

KSTR has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 7.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
KWEB KraneShares CSI China Internet ETF	7.73%	6.16%	3.51%	1.71%	0.00%	7.07%	0.29%	0.08%	3.40%	0.58%	1.19%	0.46%

Frequently Asked Questions

Can I hold both KSTR and KWEB in my portfolio?

KSTR and KWEB 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.

Which is riskier, KSTR or KWEB?

KSTR has higher volatility (15.15%) compared to KWEB (11.53%). In terms of maximum drawdown, KSTR dropped -66.46% vs KWEB's -80.92%.

Which ETF is better, KSTR or KWEB?

On 5-year performance, KSTR leads with -0.02% vs -14.33% for KWEB. On fees, KWEB is cheaper at 0.70% per year. On volatility, KWEB has been the lower-risk option at 11.53%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KSTR or KWEB?

Over the 5-year period, KSTR has performed better with a -0.02% return vs -14.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KSTR or KWEB?

KWEB is cheaper with a 0.70% expense ratio, compared with 0.89% for KSTR.

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

KWEB has the higher dividend yield at 7.73%, compared with 0.00% for KSTR.

What is the main difference between KSTR and KWEB?

KSTR tracks SSE Science and Technology Innovation Board 50 Index, while KWEB tracks CSI Overseas China Internet Index. Their fees differ too: 0.89% for KSTR and 0.70% for KWEB.

Which has better risk-adjusted returns?

KSTR currently has the higher Sharpe Ratio (2.38 vs -0.56), 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.