Category Review
Index option income was not one bet this year
KraneShares CSI China Internet ETF
$24.72−0.03 (−0.12%)
- 0.69%
- $4.5B
- −31.7%
- 8.47%
- 18.5M sh
- $24.70
- low $23.23high $41.60
The ETF.net KWEB Grade
C
Score 45 out of 100
- 21 of 30
Score 45 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C41 out of 100Rank 17 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F13 out of 100Rank 29 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A83 out of 100Rank 5 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.D34 out of 100Rank 23 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 5 of 30
Our read on KWEB
CChina's internet giants, undiluted: roughly 30 offshore-listed names instead of a whole-market basket. Live since 2013, KWEB is the ticker traders reach for when they want to express a view on China tech.
The Fund seeks to track, before fees and expenses, the performance of the CSI Overseas China Internet Index, which covers publicly traded China-based companies focused primarily on internet and internet-related businesses.
Why people hold it
- Tracks the CSI Overseas China Internet Index: about 30 China-based internet companies listed in Hong Kong, on NASDAQ or the NYSE. A sector bet, not a country bet.kraneshares.com
- Among the most actively traded funds in the China group, with an options market deep enough that KraneShares runs a covered-call fund written on KWEB itself.kraneshares.com
- At 0.69% a year, the fee sits right at the median for its China peer group despite the narrow single-theme mandate.
- Trading since 2013 and now a multi-billion-dollar fund: a long operating history for a single-country thematic product.
Worth knowing
- About 30 stocks, one sector, one country. That concentration cuts both ways, and price swings run large next to broad China funds.
- The index covers offshore listings only (Hong Kong, NASDAQ, NYSE), so mainland-listed A-share internet names sit outside the portfolio.kraneshares.com
- Whole-market China exposure is cheaper: FLCH charges 0.19% and MCHI 0.59%, both spanning the full market rather than one theme.
KWEB Holdings
- Stocks
- 45
- 62%
- 0700.HK
Sectors
- Consumer Discretionary33.8%
- Communication27.3%
- Technology26.3%
- Real Estate4.6%
- Health Care3.9%
- Consumer Staples2.5%
- Financials0.9%
- Industrials0.7%
Geography
- China78.13%
- Hong Kong8.96%
- Ireland8.43%
- Singapore4.48%
Developed 22% · Emerging 78%
KWEB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
KWEB$6,830
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | KWEB |
|---|---|
| Year to date | −27.3% |
| 1 month | +0.6% |
| 3 months | −6.2% |
| 1 year | −31.7% |
| 3 years | 0.0% |
| 5 years | −9.6% |
| 10 years | −2.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | KWEB |
|---|---|---|
| 2026 YTD | −27.3% | |
| 2025 | +23.5% | |
| 2024 | +11.9% | |
| 2023 | −9.0% | |
| 2022 | −17.2% | |
| 2021 | −48.9% | |
| 2020 | +58.2% |
KWEB in the news
KWEB Dividends
- 8.47%
- $2.10
- $2.10 per share
- Annual
Distribution history
KWEB Risk
- 31.0%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −63.0%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.88
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
KWEB Cost
0.69%
KWEB0.69%
- The middle half of China funds
- Median 0.65%
15 of the 29 China funds charge less.
Other funds in China
- CFCAFirst Trust China AlphaDEX FundExpense ratio 0.80%1 year return −3.2%
- CCHIQGlobal X - MSCI China Consumer Discretionary ETFExpense ratio 0.65%1 year return −26.6%
- CNBCENeuberger Berman China Equity ETFExpense ratio 5.01%1 year return +15.3%
- CCCPXCorgi ETF Trust I - Corgi China 2x Daily ETFExpense ratio 0.45%1 year return —
- CKCAIKraneShares China Alpha Index ETFExpense ratio 0.79%1 year return +21.8%