MSAU.L vs. KSTR.L
MSAU.L (Invesco MSCI Saudi Arabia ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - MSAU.L tracks the Invesco MSCI Saudi Arabia ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 5 years, MSAU.L returned 2.06%/yr vs -0.22%/yr for KSTR.L. At a 0.13 correlation, their price movements are largely independent. MSAU.L charges 0.50%/yr vs 0.82%/yr for KSTR.L.
Performance
MSAU.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, MSAU.L achieves a 4.13% return, which is significantly lower than KSTR.L's 41.53% return.
MSAU.L
- 1D
- 0.31%
- 1M
- -2.96%
- 6M
- -1.63%
- YTD
- 4.13%
- 1Y
- 3.11%
- 3Y*
- -0.44%
- 5Y*
- 2.06%
- 10Y*
- —
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
MSAU.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MSAU.L Invesco MSCI Saudi Arabia ETF | 4.13% | -5.73% | 0.20% | 10.06% | -5.65% | 12.38% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -38.16% | 2.78% |
Correlation
The correlation between MSAU.L and KSTR.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.13 |
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Return for Risk
MSAU.L vs. KSTR.L — Risk / Return Rank
MSAU.L
KSTR.L
MSAU.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MSCI Saudi Arabia ETF (MSAU.L) and KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSAU.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.38 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.32 | 4.76 | -4.44 |
| Martin ratioReturn relative to average drawdown | 0.67 | 12.21 | -11.53 |
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Drawdowns
MSAU.L vs. KSTR.L - Drawdown Comparison
The maximum MSAU.L drawdown since its inception was -42.92%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for MSAU.L and KSTR.L.
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Drawdown Indicators
| MSAU.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -66.67% | +23.75% |
Max Drawdown (1Y)Largest decline over 1 year | -10.90% | -19.42% | +8.52% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -36.60% | +20.57% |
Max Drawdown (5Y)Largest decline over 5 years | -29.84% | -66.38% | +36.54% |
Current DrawdownCurrent decline from peak | -18.51% | -18.75% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -14.49% | -39.83% | +25.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 7.58% | -2.43% |
Volatility
MSAU.L vs. KSTR.L - Volatility Comparison
The current volatility for Invesco MSCI Saudi Arabia ETF (MSAU.L) is 2.49%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that MSAU.L experiences smaller price fluctuations and is considered to be less risky than KSTR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSAU.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.49% | 19.20% | -16.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 33.48% | -22.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.32% | 40.57% | -25.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 34.52% | -18.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.76% | 34.46% | -15.70% |
MSAU.L vs. KSTR.L - Expense Ratio Comparison
MSAU.L has a 0.50% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
MSAU.L vs. KSTR.L - Dividend Comparison
Neither MSAU.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
MSAU.L and KSTR.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MSAU.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MSAU.L is cheaper with a 0.50% expense ratio, compared with 0.82% for KSTR.L.
MSAU.L tracks Invesco MSCI Saudi Arabia ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: Invesco and KraneShares. Their fees differ too: 0.50% for MSAU.L and 0.82% for KSTR.L.
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