KraneShares China Technology & Semiconductor STAR 50 Index ETF (KSTR) — Stock Correlations & Overview
Over the past year, KSTR has moved most closely with CNQQ, ASHS, CQQQ. Explore the stocks most correlated and inversely correlated with KSTR below, along with its price, financials, and company profile.
Stocks correlated with KSTR
Correlation of daily returns. Higher positive values move with KSTR; negative values move opposite it. Informational only, not investment advice.
Most correlated with KSTR
| Symbol | Company | Correlation |
|---|---|---|
| CNQQ | Rayliant-ChinaAMC Transformative China Tech ETF | 0.86 |
| ASHS | Xtrackers Harvest CSI 500 China A-Shares Small Cap ETF | 0.85 |
| CQQQ | Invesco China Technology ETFINVESTMENT ADVICE | 0.84 |
| CNXT | VanEck ChiNext Innovators ETF | 0.82 |
| NBCE | Neuberger China Equity ETF | 0.81 |
Most inversely correlated with KSTR
| Symbol | Company | Correlation |
|---|---|---|
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.59 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.58 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.58 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.58 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.53 |
Frequently asked questions about KSTR correlations
- Which stocks are most correlated with KSTR?
- Based on one year of daily returns, the stocks most correlated with KraneShares China Technology & Semiconductor STAR 50 Index ETF (KSTR) are CNQQ (0.86), ASHS (0.85) and CQQQ (0.84). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with KSTR?
- Over the past year, the stocks most inversely correlated with KraneShares China Technology & Semiconductor STAR 50 Index ETF (KSTR) are EUM (-0.59), EEV (-0.58) and EDZ (-0.58). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these KSTR correlations calculated?
- We compute the correlation of daily returns between KSTR and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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