KWEB — KraneShares CSI China Internet ETF

KWEB Price Performance — Growth of $10,000

Value of a $10,000 investment in KWEB over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

KWEB Drawdown

The "underwater" chart: KWEB's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The KraneShares CSI China Internet ETF (KWEB) operates within the Single Country - Emerging category, which ETFValuer tracks as containing 22 funds in total. Issued by KraneShares, the fund manages $4.91 billion in assets while trading at a price of $26.27 per share. It holds an overall rank of #455 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of F with a score of 27.2 out of 100. The fund charges an expense ratio of 0.7% and offers a dividend yield of 8.61%. The combination of a low overall rank and a high expense ratio suggests limited investor preference relative to lower-cost alternatives in the broader market. Despite the substantial asset base, the low grade and poor ranking indicate significant challenges in meeting performance or cost efficiency benchmarks compared to the wider universe of funds.

Recent price action shows a decline of 0.64% over the last day and a sharper drop of 4.40% over the past week. However, the fund posted a gain of 7.27% over the one-month period, contrasting with a 10.13% loss over the three-month horizon. This divergence continues as the fund recorded a 26.17% loss over six months and a 26.27% loss year-to-date. The one-year return stands at -23.45%, while the three-year return is -7.61%. The data reveals a pattern where short-term volatility has not translated into sustained recovery, as the fund remains deeply negative across the one-year and year-to-date metrics despite the temporary one-month uptick.

The fund carries a High volatility label and a beta of 0.88, indicating that its price movements are generally less sensitive to market swings than the broader benchmark yet remain highly erratic. A Sharpe ratio of -1.03 reflects that the fund has generated negative risk-adjusted returns, meaning the volatility has not been compensated by positive performance. This risk profile is further evidenced by a maximum drawdown of -41.62%, which represents the largest peak-to-trough decline experienced by investors. The combination of high volatility and a negative Sharpe ratio suggests the fund has struggled to provide reliable returns during both rising and falling market conditions. Investors holding this position have faced significant downside risk, as the large drawdown aligns with the substantial losses seen in the six-month and one-year return periods.

AI-generated summary based on the data on this page.

KWEB Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 62.2% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how KWEB's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With KWEB

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with KWEB's top 10 — MCHI overlaps most, holding 4 of the same companies as KWEB's top 10 (35.2% of KWEB's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

KWEB Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.95% and average daily volume is 25.1M/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $4.91B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: KWEB is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

KWEB Performance History

How KWEB Compares to Other Single Country - Emerging ETFs