N4US.L vs. KSTR.L
N4US.L (Invesco JPX-Nikkei 400 UCITS ETF (USD Hdg)) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - N4US.L tracks the Invesco JPX-Nikkei 400 UCITS ETF (USD Hdg) while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 5 years, N4US.L returned 22.54%/yr vs -0.22%/yr for KSTR.L. At a 0.17 correlation, their price movements are largely independent. N4US.L charges 0.19%/yr vs 0.82%/yr for KSTR.L.
Performance
N4US.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, N4US.L achieves a 22.05% return, which is significantly lower than KSTR.L's 41.53% return.
N4US.L
- 1D
- -0.97%
- 1M
- 1.76%
- 6M
- 14.49%
- YTD
- 22.05%
- 1Y
- 50.55%
- 3Y*
- 29.24%
- 5Y*
- 22.54%
- 10Y*
- 16.63%
KSTR.L
- 1D
- -4.62%
- 1M
- 3.52%
- 6M
- 25.64%
- YTD
- 41.53%
- 1Y
- 93.56%
- 3Y*
- 21.29%
- 5Y*
- -0.22%
- 10Y*
- —
N4US.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
N4US.L Invesco JPX-Nikkei 400 UCITS ETF (USD Hdg) | 22.05% | 30.25% | 23.77% | 35.97% | -1.05% | 4.97% |
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 N4US.L and KSTR.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since May 26, 2021 | 0.17 |
The correlation between N4US.L and KSTR.L shifts across timeframes, from 0.16 (3 years) to 0.29 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
N4US.L vs. KSTR.L — Risk / Return Rank
N4US.L
KSTR.L
N4US.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco JPX-Nikkei 400 UCITS ETF (USD Hdg) (N4US.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.
| N4US.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.38 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 4.76 | +0.63 |
| Martin ratioReturn relative to average drawdown | 18.45 | 12.21 | +6.24 |
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Drawdowns
N4US.L vs. KSTR.L - Drawdown Comparison
The maximum N4US.L drawdown since its inception was -30.94%, smaller than the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for N4US.L and KSTR.L.
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Drawdown Indicators
| N4US.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.94% | -66.67% | +35.73% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -19.42% | +10.07% |
Max Drawdown (3Y)Largest decline over 3 years | -21.38% | -36.60% | +15.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.38% | -66.38% | +45.00% |
Max Drawdown (10Y)Largest decline over 10 years | -30.94% | — | — |
Current DrawdownCurrent decline from peak | -1.87% | -18.75% | +16.88% |
Average DrawdownAverage peak-to-trough decline | -6.78% | -39.83% | +33.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 7.58% | -4.85% |
Volatility
N4US.L vs. KSTR.L - Volatility Comparison
The current volatility for Invesco JPX-Nikkei 400 UCITS ETF (USD Hdg) (N4US.L) is 6.06%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that N4US.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
| N4US.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.06% | 19.20% | -13.14% |
Volatility (6M)Calculated over the trailing 6-month period | 15.47% | 33.48% | -18.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.47% | 40.57% | -21.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.48% | 34.52% | -16.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 34.46% | -16.09% |
N4US.L vs. KSTR.L - Expense Ratio Comparison
N4US.L has a 0.19% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
N4US.L vs. KSTR.L - Dividend Comparison
Neither N4US.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
N4US.L and KSTR.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, N4US.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
N4US.L is cheaper with a 0.19% expense ratio, compared with 0.82% for KSTR.L.
N4US.L tracks Invesco JPX-Nikkei 400 UCITS ETF (USD Hdg), 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: 0.19% for N4US.L and 0.82% for KSTR.L.
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