KSTR vs. QQQM
Compare and contrast key facts about KraneShares SSE STAR Market 50 Index ETF (KSTR) and Invesco NASDAQ 100 ETF (QQQM).
KSTR and QQQM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KSTR is a passively managed fund by KraneShares that tracks the performance of the SSE Science and Technology Innovation Board 50 Index. It was launched on Jan 26, 2021. QQQM is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Oct 13, 2020. Both KSTR and QQQM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KSTR or QQQM.
Key characteristics
| KSTR | QQQM | |
|---|---|---|
| YTD Return | 10.52% | 24.84% |
| 1Y Return | 4.89% | 32.92% |
| 3Y Return (Ann) | -18.31% | 9.67% |
| Sharpe Ratio | 0.07 | 1.92 |
| Sortino Ratio | 0.59 | 2.56 |
| Omega Ratio | 1.09 | 1.35 |
| Calmar Ratio | 0.06 | 2.44 |
| Martin Ratio | 0.19 | 8.90 |
| Ulcer Index | 20.16% | 3.71% |
| Daily Std Dev | 58.94% | 17.18% |
| Max Drawdown | -66.46% | -35.05% |
| Current Drawdown | -51.17% | -1.08% |
Correlation
The correlation between KSTR and QQQM is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
KSTR vs. QQQM - Performance Comparison
In the year-to-date period, KSTR achieves a 10.52% return, which is significantly lower than QQQM's 24.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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KSTR vs. QQQM - Expense Ratio Comparison
KSTR has a 0.89% expense ratio, which is higher than QQQM's 0.15% expense ratio.
Risk-Adjusted Performance
KSTR vs. QQQM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares SSE STAR Market 50 Index ETF (KSTR) and Invesco NASDAQ 100 ETF (QQQM). 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.
Dividends
KSTR vs. QQQM - Dividend Comparison
KSTR has not paid dividends to shareholders, while QQQM's dividend yield for the trailing twelve months is around 0.64%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
KSTR KraneShares SSE STAR Market 50 Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQM Invesco NASDAQ 100 ETF | 0.64% | 0.65% | 0.83% | 0.40% | 0.16% |
Drawdowns
KSTR vs. QQQM - Drawdown Comparison
The maximum KSTR drawdown since its inception was -66.46%, which is greater than QQQM's maximum drawdown of -35.05%. Use the drawdown chart below to compare losses from any high point for KSTR and QQQM. For additional features, visit the drawdowns tool.
Volatility
KSTR vs. QQQM - Volatility Comparison
KraneShares SSE STAR Market 50 Index ETF (KSTR) has a higher volatility of 20.64% compared to Invesco NASDAQ 100 ETF (QQQM) at 4.98%. This indicates that KSTR's price experiences larger fluctuations and is considered to be riskier than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.