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 currently tracks with 22 funds. Issued by KraneShares, this fund manages $4.91 billion in assets while trading at a price of $27.31 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 carries an expense ratio of 0.7% and offers a dividend yield of 8.61%. The substantial asset base suggests significant investor adoption despite the fund's low overall ranking and poor grade. This combination of high assets under management and a low grade indicates a divergence between market capitalization and the fund's current performance metrics.

Recent performance data shows a sharp divergence between short-term gains and long-term losses for the KraneShares CSI China Internet ETF. Over the last day, the fund gained 1.15%, followed by a 1.07% increase over the week and a substantial 14.08% rise over the past month. However, this short-term momentum contrasts with negative returns over longer horizons, as the fund fell 3.70% over three months and 23.76% over six months. Year-to-date performance stands at -23.35%, while the one-year return is -20.20%. Despite these recent declines, the three-year return remains positive at +2.88%. This pattern illustrates a recovery in the most recent month that has not yet offset the significant losses accumulated over the preceding year.

The fund is assigned a High volatility label and exhibits a beta of 0.88, indicating price movements that are slightly less sensitive than the broader market despite the high volatility classification. A Sharpe ratio of -0.91 suggests that the risk-adjusted returns have been negative over the measured period. The maximum drawdown of -41.62% highlights the severity of potential losses during market downturns. This combination of a negative Sharpe ratio and a deep maximum drawdown implies that the fund has experienced significant periods of decline without adequate compensation for the risk taken. While the beta below 1.0 suggests slightly lower systematic risk than the market, the high volatility and negative risk-adjusted metrics point to a turbulent investment profile.

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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 — 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