Skip to content
etf.net

Launched · SEC filings

KraneShares CSI China Internet ETF

KWEBNYSE ArcaKraneSharesC

$23.35+0.61 (+2.68%)

At close: Nov 2, 2026, 4:00 PM ET

C43/ 100

Rank 22 of 30 in China

C43/100Rank 22 of 30inChina
Intraday session: up, 79 prints from 22.74 to 23.35. Range 23.29 to 23.64. Use the arrow keys to read each point.23.0023.2023.6010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$4.22B
1Y total return
−39.6%
Yield · Last 12 months
9.22%
Holdings
46
Avg volume · 30D
17.9M sh
52W range
low $22.54high $40.10
Launched
Filings
SEC EDGAR

The ETF.net KWEB Grade

Based on 5 of 6 pillars

C

Score 43 out of 100

Category
China⁠
Rank
22 of 30
Six-pillar profile for KWEB. Scores out of 100: Cost 38, Risk 16, Mission not scored, Tradability 77, Holdings 35, Durability 79. Strongest: Durability (79). Weakest: Risk (16). Based on 5 of 6 pillars.

Score 43 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.
    D38 out of 100
    Rank 18 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F16 out of 100
    Rank 30 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A77 out of 100
    Rank 5 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D35 out of 100
    Rank 23 of 29

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A79 out of 100
    Rank 5 of 30

Our read on KWEB

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarD35 out of 100Rank 23 of 29 in China
Asset class
Stocks
Holdings
46
Top-10 weight
61%
Largest holding
0700.HK9.8%

Sectors

  • Consumer Discretionary35.1%
  • Communication27.2%
  • Technology24.7%
  • Real Estate5.0%
  • Health Care4.1%
  • Consumer Staples2.2%
  • Financials0.9%
  • Industrials0.8%

Geography

  • China98.87%
  • Singapore1.13%

Developed 1% · Emerging 99% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
10700.HKTencent Holdings Ltd9.78%8,561,775$422M152
29988.HKAlibaba Group Holding Ltd8.53%29,467,664$368M124
3PDDPdd Holdings Inc8.44%4,660,521$364M153
43690.HKMeituan-Class B7.62%34,829,947$329M105
59999.HKNetease Inc6.80%12,437,605$293M116
62423.HKKe Holdings Inc-Cl A4.90%36,068,700$211M63
70992.HKLenovo Group Ltd4.16%64,700,000$179M121
89618.HKJd.com Inc-Class A4.09%13,925,340$176M100
99961.HKTrip.com Group Ltd3.77%4,062,900$163M90
10YMMFull Truck Alliance -Spn Adr3.08%15,894,241$133M71
119888.HKBaidu Inc-Class A-Hkd2.98%13,200,234$129M83
12BZKanzhun Ltd - Adr2.90%7,511,297$125M68
131024.HKKuaishou Technology2.83%34,737,300$122M90
146618.HKJd Health International Inc2.76%24,814,787$119M81
15TMETencent Music Entertainm-Adr2.39%12,146,825$103M70

Showing 1–15 of 46 holdings

KWEB Performance

Launched Jul 31, 2013

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

KWEB$6,035
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. KWEB $6,035. SPY $11,199. Use the arrow keys to read each point.$6,000$8,000$10,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for KWEB. Periods over one year show the average yearly return.
PeriodKWEB
Year to date−33.2%
1 month−7.2%
3 months−20.2%
1 year−39.6%
3 yearsper year−0.9%
5 yearsper year−10.6%
10 yearsper year−3.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for KWEB
YearReturn barKWEB
2026 YTD−33.2%
2025+23.5%
2024+11.9%
2023−9.0%

KWEB in the news

KWEB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
9.22%Last 12 months
Payout per share
$2.10Last 12 months
Last payment
$2.10 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.34; Dec 26, 2018 $1.27; Dec 27, 2019 $0.04; Dec 29, 2020 $0.22; Dec 29, 2021 $2.58; Dec 18, 2023 $0.42; Dec 27, 2023 $0.04; Dec 17, 2024 $1.02; Dec 22, 2025 $2.10. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 23, 2025$2.10
Dec 17, 2024Dec 18, 2024$1.02
Dec 27, 2023Dec 29, 2023$0.04
Dec 18, 2023Dec 20, 2023$0.42
Dec 29, 2021Dec 31, 2021$2.58
Dec 29, 2020Dec 31, 2020$0.22
Dec 27, 2019Dec 31, 2019$0.04
Dec 26, 2018Dec 28, 2018$1.27
Dec 19, 2017Dec 22, 2017$0.34
Dec 20, 2016Dec 23, 2016$0.41
Dec 28, 2015Dec 31, 2015$0.06
Jun 25, 2015No data$0.12

— Pay date not on file.

See all 14 payments⁠

$10,000 in KWEB 10 years ago paid $2,215 in dividends.⁠

KWEB Risk

Risk pillarF16 out of 100Rank 30 of 30 in China
How much the fund’s monthly returns vary, scaled to a year.
31.1%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
−0.03
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−61.9%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.88
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

KWEB Cost

Compare KWEB and FLCH

Overpaying vs FLCH, cheapest in China

$9,477

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • KWEB 0.69%

    $13,429

  • FLCH 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • KWEB 0.69%
  • FLCH 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530KWEB $13,429FLCH $3,952

Year by year

YearKWEBFLCHOverpaying
10$1,232$347$885
20$4,697$1,351$3,346
30$13,429$3,952$9,477

Other funds in China

See others