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 is an emerging market single-country fund issued by KraneShares with $5.10 billion in assets under management. It holds an ETFValuer grade of F, ranking 21st out of 22 peers in its category and 455th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.69%, which exceeds the category median of 0.59%, while offering a dividend yield of 8.01% compared to the median 2.24%. Concentration is notable, with the top ten holdings comprising 60.8% of assets and Tencent Holdings Limited representing the largest position at 10.4%.

The fund’s price of $25.36 sits at 10.6% of its 52-week range, reflecting a challenging environment where the one-year return of -30.01% trails the category median of +20.12%. Short-term momentum has been negative, with declines of -2.65% over one day and -11.51% over one month, though the three-year horizon shows a slight positive return of +1.90%. The rating has remained unchanged at grade F across the last 35 tracked days, indicating persistent weakness. Historical data is limited to 3.0 years, constraining the long-term view of its performance trajectory.

With an annualized volatility of 27.57% labeled as High, the fund has experienced significant price swings, including a maximum drawdown of -41.62%. A beta of 0.71 suggests movements that are less volatile than the broader market, yet the Sharpe ratio of -1.27 indicates poor risk-adjusted returns. Liquidity is robust, supported by an average daily volume of 19,468,038 shares and a tight bid/ask spread of 0.20%. These metrics collectively describe a record of high volatility and negative risk-adjusted performance.

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

KWEB Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 60.8% 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 — GXC overlaps most, holding 5 of the same companies as KWEB's top 10 (39.9% 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: 4.78% (as of 2026-09-04) — 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): 15.30 (as of 2026-09-07) — 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 2026-08-01) — 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 0.20% and average daily volume is 19.5M/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 $5.10B 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