RAYZ.L vs. KSTR.L
RAYZ.L (Global X Solar UCITS ETF) and KSTR.L (KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF) are both Global Equities funds - RAYZ.L tracks the Global X Solar UCITS ETF while KSTR.L tracks the KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. Both are passively managed. Over the past 3 years, RAYZ.L returned -11.91%/yr vs 21.29%/yr for KSTR.L. A 0.54 correlation means they provide meaningful diversification when combined. RAYZ.L charges 0.50%/yr vs 0.82%/yr for KSTR.L.
Performance
RAYZ.L vs. KSTR.L - Performance Comparison
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Returns By Period
In the year-to-date period, RAYZ.L achieves a -8.49% return, which is significantly lower than KSTR.L's 41.53% return.
RAYZ.L
- 1D
- -1.55%
- 1M
- -17.91%
- 6M
- -13.34%
- YTD
- -8.49%
- 1Y
- 23.69%
- 3Y*
- -11.91%
- 5Y*
- —
- 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*
- —
RAYZ.L vs. KSTR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
RAYZ.L Global X Solar UCITS ETF | -8.49% | 39.95% | -28.16% | -32.65% | 4.13% |
KSTR.L KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF | 41.53% | 42.76% | 5.23% | -18.80% | -24.94% |
Correlation
The correlation between RAYZ.L and KSTR.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 15, 2022 | 0.54 |
The correlation between RAYZ.L and KSTR.L has been stable across timeframes, ranging from 0.45 to 0.54 - a consistent structural relationship.
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Return for Risk
RAYZ.L vs. KSTR.L — Risk / Return Rank
RAYZ.L
KSTR.L
RAYZ.L vs. KSTR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Solar UCITS ETF (RAYZ.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.
| RAYZ.L | KSTR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -1.54 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.38 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 4.76 | -3.90 |
| Martin ratioReturn relative to average drawdown | 2.86 | 12.21 | -9.35 |
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Drawdowns
RAYZ.L vs. KSTR.L - Drawdown Comparison
The maximum RAYZ.L drawdown since its inception was -69.13%, roughly equal to the maximum KSTR.L drawdown of -66.67%. Use the drawdown chart below to compare losses from any high point for RAYZ.L and KSTR.L.
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Drawdown Indicators
| RAYZ.L | KSTR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -66.67% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -19.42% | -9.84% |
Max Drawdown (3Y)Largest decline over 3 years | -57.14% | -36.60% | -20.54% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.38% | — |
Current DrawdownCurrent decline from peak | -51.07% | -18.75% | -32.32% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -39.83% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.75% | 7.58% | +1.17% |
Volatility
RAYZ.L vs. KSTR.L - Volatility Comparison
The current volatility for Global X Solar UCITS ETF (RAYZ.L) is 11.41%, while KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF (KSTR.L) has a volatility of 19.20%. This indicates that RAYZ.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
| RAYZ.L | KSTR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 19.20% | -7.79% |
Volatility (6M)Calculated over the trailing 6-month period | 25.55% | 33.48% | -7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.21% | 40.57% | -6.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.23% | 34.52% | -0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 34.46% | -0.23% |
RAYZ.L vs. KSTR.L - Expense Ratio Comparison
RAYZ.L has a 0.50% expense ratio, which is lower than KSTR.L's 0.82% expense ratio.
Dividends
RAYZ.L vs. KSTR.L - Dividend Comparison
Neither RAYZ.L nor KSTR.L has paid dividends to shareholders.
Frequently Asked Questions
RAYZ.L and KSTR.L have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RAYZ.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RAYZ.L is cheaper with a 0.50% expense ratio, compared with 0.82% for KSTR.L.
RAYZ.L tracks Global X Solar UCITS ETF, while KSTR.L tracks KraneShares ICBCCS SSE Star Market 50 Index UCITS ETF. They also come from different issuers: Global X and KraneShares. Their fees differ too: 0.50% for RAYZ.L and 0.82% for KSTR.L.
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