Tearsheet

Key Takeaways

  • KWEB has returned -22.5% YTD vs +11.0% for SPY; -22.5% over the past 12 months (SPY +21.7%). details →
  • Priced in gold, KWEB has returned -53.4% over the past 3 years, vs -0.6% in dollars. details →
  • Over the past month, KWEB has seen net outflows of −$637M (−12.3% of assets). details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.0 vs 1.0. details →
  • KWEB trades 39% below its 52-week high. details →
Last updated: 7/10/2026.

Price Chart

Asset Allocation with KWEB

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+4.4%
Volatility
20.2%
Sharpe
0.17
YTD
-11.7%
Modeled with monthly rebalancing to target weights; 10-year figures are annualized from monthly returns. Illustrative only — past performance is not indicative of future results.

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Tailored Asset Allocation
[1] Personalized 5 Level Risk Tolerance Assessment
[2] Asset Allocation for My Risk Tolerance
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Protect Wealth
[1] Defensive Portfolios
[2] Tax-Efficient Strategies

Top 20 Holdings for KWEB

Total Weights
Top 5: 27.6% | Top 10: 36.2% | Top 20: 36.2%

TickerHoldingETF Weight
0700.HKTencent Holdings10.22%
PDDPDD8.36%
nullN/A1.39%
YMMFull Truck Alliance4.22%
TMETencent Music Entertainment3.43%
BZKanzhun3.17%
TALTAL Education2.98%
VIPSVipshop2.41%

Performance for KWEB Top Holdings

TickerHoldingWeightMkt Price
7/10
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
KWEBKraneShares CSI China Internet ETF100.00%26.38-0.4%-0.2%-22.5%-22.5%-0.6%-52.5%-9.6%
0700.HKTencent Holdings10.22%        
PDDPDD8.36%85.13-0.9%4.0%-24.9%-18.9%19.8%-23.4% 
nullN/A1.39%        
YMMFull Truck Alliance4.22%8.57-0.1%3.8%-18.5%-29.6%28.3%-43.2% 
TMETencent Music Entertainment3.43%8.880.3%-3.6%-48.0%-54.4%23.7%-27.7% 
BZKanzhun3.17%13.76-3.5%3.9%-32.5%-26.9%-10.2%-61.3%11.7%
TALTAL Education2.98%10.31-0.1%10.9%-5.5%-2.3%58.9%-51.4%3.5%
VIPSVipshop2.41%13.940.6%1.7%-17.9%-3.3%-4.7%-17.7%21.3%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KWEB Return-49%-17%-9%12%16%-22%-61%
Peers Return      0%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
KWEB Win Rate33%50%42%42%67%43% 
Peers Win Rate       
S&P 500 Win Rate75%42%67%75%67%57% 

Max Drawdowns [4]
KWEB Max Drawdown-65%-53%-31%-23%-26%-37% 
Peers Max Drawdown       
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: .
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/10/2026 (YTD)

Sharpe Ratios Compared

One measure of reward vs. risk is a Sharpe ratio. A higher ratio indicates better risk-adjusted returns. Most funds have Sharpe ratios < 1.0.

Ticker1Y3Y5Y
KWEB-1.260.01-0.23
Equity Top Results (3Y)   
NUSC2.472.472.47
IALT2.092.092.09
SPMO1.671.650.98
VLUE2.901.450.74
SMH2.401.410.98

Results as of 6302026.

How Low Can It Go

EventKWEBS&P 500
2025 US Tariff Shock
  % Loss-19.2%-18.8%
  % Gain to Breakeven23.7%23.1%
  Time to Breakeven36 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.0%-9.5%
  % Gain to Breakeven15.0%10.5%
  Time to Breakeven195 days24 days
2023 SVB Regional Banking Crisis
  % Loss-23.7%-6.7%
  % Gain to Breakeven31.1%7.1%
  Time to Breakeven351 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-49.2%-24.5%
  % Gain to Breakeven96.7%32.4%
  Time to Breakeven708 days427 days
2020 COVID-19 Crash
  % Loss-23.2%-33.7%
  % Gain to Breakeven30.3%50.9%
  Time to Breakeven63 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-21.3%-19.2%
  % Gain to Breakeven27.1%23.8%
  Time to Breakeven50 days105 days

Compare to

In The Past

KraneShares CSI China Internet ETF's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventKWEBS&P 500
2023 SVB Regional Banking Crisis
  % Loss-23.7%-6.7%
  % Gain to Breakeven31.1%7.1%
  Time to Breakeven351 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-49.2%-24.5%
  % Gain to Breakeven96.7%32.4%
  Time to Breakeven708 days427 days
2020 COVID-19 Crash
  % Loss-23.2%-33.7%
  % Gain to Breakeven30.3%50.9%
  Time to Breakeven63 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-21.3%-19.2%
  % Gain to Breakeven27.1%23.8%
  Time to Breakeven50 days105 days
2014-2016 Oil Price Collapse
  % Loss-27.5%-6.8%
  % Gain to Breakeven38.0%7.3%
  Time to Breakeven98 days15 days

Compare to

In The Past

KraneShares CSI China Internet ETF's stock fell -19.2% during the 2025 US Tariff Shock. Such a loss loss requires a 23.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

KWEB Dip Buy History


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Alerts when dip buy opportunities arise.
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Current Dip Buy Opportunities Across ETFs

ETFs currently down 5% or more from trailing 6M peaks.

TickerNameDip %Mkt PricePrice DatePeak PricePeak Date# Days
AKREAkre Focus ETF-16.4%55.14710202665.921112026180
SCHCSchwab International Small-Cap Equity ETF-6.3%48.30710202651.543012026131
IEMGiShares Core MSCI Emerging Markets ETF-5.4%81.32710202686.00622202618
EEMiShares MSCI Emerging Markets ETF-6.1%66.90710202671.21622202618
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-5.1%35.38710202637.30622202618
EWYiShares MSCI South Korea ETF-16.3%183.527102026219.20621202619
EWZiShares MSCI Brazil ETF-13.9%35.93710202641.73414202687
FXIiShares China Large-Cap ETF-17.9%33.48710202640.781292026162
ILFiShares Latin America 40 ETF-9.4%34.51710202638.10414202687
KWEBKraneShares CSI China Internet ETF-30.0%26.38710202637.661122026179
MTUMiShares MSCI USA Momentum Factor ETF-6.8%321.777102026345.22622202618
URAGlobal X Uranium ETF-30.5%42.97710202661.811282026163
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-11.3%36.91710202641.63513202658
ROBOROBO Global Robotics & Automation Index ETF-8.2%82.96710202690.34602202638
LITGlobal X Lithium & Battery Tech ETF-21.1%72.32710202691.62511202660
ICLNiShares Global Clean Energy ETF-18.9%19.25710202623.75602202638
ARKQARK Autonomous Technology & Robotics ETF-13.8%123.997102026143.82528202643
ARKXARK Space & Defense Innovation ETF-15.1%32.05710202637.74528202643
NASATema Space Innovators ETF-37.5%26.18710202641.89527202644
AGIXKraneShares Artificial Intelligence ETF-8.0%45.44710202649.40601202639
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-10.6%62.91710202670.39511202660
RAAXVanEck Real Assets ETF-7.6%39.47710202642.70511202660
VGTVanguard Information Technology ETF-6.0%118.087102026125.62602202638
XLKState Street Technology Select Sector SPDR ETF-6.3%185.787102026198.21602202638
XLEState Street Energy Select Sector SPDR ETF-12.0%55.08710202662.563292026103
XLCState Street Communication Services Select Sector SPDR ETF-6.7%111.647102026119.702012026159
XLYState Street Consumer Discretionary Select Sector SPDR ETF-5.7%117.247102026124.271122026179
XLPState Street Consumer Staples Select Sector SPDR ETF-6.0%84.12710202689.513012026131
IYMiShares U.S. Basic Materials ETF-5.7%178.247102026189.083022026130
FXNFirst Trust Energy AlphaDEX Fund-11.0%20.62710202623.183292026103
SMHVanEck Semiconductor ETF-8.7%611.037102026668.91622202618
SOXXiShares Semiconductor ETF-11.2%581.347102026655.01622202618
XOPState Street SPDR S&P Oil & Gas Exploration & Production ETF-15.7%158.577102026188.183292026103
IGViShares Expanded Tech-Software Sector ETF-14.2%92.417102026107.70601202639
MISLFirst Trust Indxx Aerospace & Defense ETF-12.6%44.53710202650.981192026172
RINGiShares MSCI Global Gold Miners ETF-34.7%64.89710202699.423012026131
SOXQInvesco PHLX Semiconductor ETF-11.3%102.067102026115.11622202618
BWXState Street SPDR Bloomberg International Treasury Bond ETF-5.7%21.59710202622.902162026144
IGOViShares International Treasury Bond ETF-5.0%40.84710202642.993012026131
TLTiShares 20+ Year Treasury Bond ETF-5.6%84.47710202689.483012026131
SPTLState Street SPDR Portfolio Long Term Treasury ETF-5.2%25.69710202627.093012026131
EDVVanguard World Funds Extended Duration ETF-7.7%62.25710202667.423012026131
PDBCInvesco Optimum Yield Diversified Commodity Strategy No K-1 ETF-13.1%16.44710202618.91512202659
DBCInvesco DB Commodity Index Tracking Fund-13.2%27.52710202631.69512202659
COMTiShares GSCI Commodity Dynamic Roll Strategy ETF-14.1%31.37710202636.53519202652
GSGiShares GSCI Commodity-5.8%30.01710202631.853182026114
BCIabrdn Bloomberg All Commodity Strategy K-1 Free ETF-11.3%22.99710202625.91512202659
FTGCFirst Trust Global Tactical Commodity Strategy Fund-8.2%28.02710202630.53512202659
HGERHarbor Commodity All-Weather Strategy ETF-8.7%30.57710202633.47512202659
GLDSPDR Gold Trust-24.0%377.017102026495.901292026162
IAUiShares Gold Trust-23.9%77.267102026101.571292026162
GLDMSPDR Gold MiniShares Trust-23.9%81.297102026106.771292026162
SGOLETFS Physical Swiss Gold Shares-13.1%44.66710202651.411292026162
BARDirexion Daily Gold Bull 3X Shares-16.6%44.34710202653.161292026162
SLViShares Silver Trust-48.9%53.957102026105.601282026163
SIVRETFS Physical Silver Shares Trust ETF-24.8%83.397102026110.871282026163
PPLTETFS Physical Platinum Shares-41.4%14.77710202625.231252026166
CPERUnited States Copper Index Fund ETV-13.9%33.33710202638.711292026162
PALLETFS Physical Palladium Shares-38.0%23.07710202637.181282026163
USOUnited States Oil Fund LP-28.9%108.707102026152.96519202652
UNGUnited States Natural Gas Fund LP-37.3%10.60710202616.902012026159
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85710202660.13504202667
IBITiShares Bitcoin Trust ETF-34.7%36.23710202655.441142026177
FBTCFidelity Wise Origin Bitcoin Fund-34.7%55.62710202685.121142026177
GBTCGrayscale Bitcoin Trust ETF-19.0%61.84710202676.311142026177
ETHAiShares Ethereum Trust ETF-47.1%13.53710202625.591142026177

ETF Fund Flows

Largest fund inflows and outflows across ETFs, with the asset-allocation rotation they imply.

Net fund flows · as of 2026-07-09

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$66.4B), followed by Bond (+$29.3B), while Commodity (−$3.5B) and Crypto (−$3.0B) saw the largest outflows.
  • Within the mix, money rotated into US Large Cap Core (+$12.6B) and out of Gold (−$3.7B).
  • Relative to fund size, ARKQ drew the largest inflow (+57.3% of AUM) and FXN the largest outflow (−68.9%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core+$56.47B+6.5%
2SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core+$15.25B+10.1%
3DRAMRoundhill Memory ETFOther+$8.81B+38.2%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate+$6.73B+20.8%
5SOXXiShares Semiconductor ETFEquity Industry Subsector+$6.26B+14.3%
6AVLVAvantis U.S. Large Cap Value ETFOther+$3.75B+22.7%
7VTIVanguard Total Stock Market ETFEquity US Total Market+$3.63B+0.5%
8QQQMInvesco NASDAQ 100 ETFEquity US Nasdaq Growth+$3.61B+3.7%
9VXUSVanguard Total International Stock ETFEquity International Broad+$3.56B+2.3%
10RSPInvesco S&P 500 Equal Weight ETFEquity Factor Smart Beta+$3.25B+3.5%
Largest outflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core-$53.22B-5.4%
2SPYState Street SPDR S&P 500 ETFEquity US Large Cap Core-$6.26B-0.8%
3VLUEiShares MSCI USA Value Factor ETFEquity Factor Smart Beta-$4.5B-40.9%
4IAUiShares Gold TrustCommodity Gold-$2.03B-3.3%
5IBITiShares Bitcoin Trust ETFCrypto-$2.0B-4.3%
6GLDSPDR Gold SharesCommodity Gold-$1.38B-1.0%
7VOVanguard Mid-Cap ETFEquity US Mid Cap Core-$1.06B-1.0%
8NASATema Space Innovators ETFEquity Thematic-$872M-53.8%
9FXIiShares China Large-Cap ETFEquity Emerging Markets-$846M-18.2%
10BILState Street SPDR Bloomberg 1-3 Month T-Bill ETFCash-$842M-1.8%

Largest ETF fund flows across ~2562 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

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About KWEB

0Holdings Count: 30
Expense Ratio: 0.7%
Inception Date: 2013-07-31
KraneShares CSI China Internet ETF
This fund commits at least 80% of its net assets to investments directly replicating its benchmark index, or to securities that possess similar economic attributes. The underlying index is designed to gauge the stock market returns of publicly traded companies based in China whose principal activities are in the internet and related industries. Notably, these companies are listed on exchanges outside of mainland China, a classification determined by the index's creator. The fund itself is designated as non-diversified.
Asset Class: Equity | ETF Website

Recent Active Movers

Peer Comparisons

Peers to compare with:

Profile

KWEBMedian
NameKraneShare. 
Asset ClassEquity-
AUM ($ Bil)4.94.9
Expense Ratio0.70%0.70%
10-D Avg Volume (Mil)26.2526.25
Latest Day Volume (Mil)16.9916.99
Holdings Count3030
Inception Date7/31/2013-

Fundamentals

KWEBMedian
NameKraneShare. 
Net Asset Value24.88-
Premium/Discount6.0%6.0%
Distribution Yield7.9%7.9%
Sales Yield--
Earnings Yield--

Valuation

KWEBMedian
NameKraneShare. 
P/S (TTM)--
P/E (TTM)--
P/FCF (TTM)--
Forward P/E--
Forward P/S--

Risk

KWEBMedian
NameKraneShare. 
Volatility (1Y)27.9%27.9%
Volatility (3Y)34.9%34.9%
Volatility (5Y)47.7%47.7%
Beta (1Y)1.181.18
Beta (3Y)0.930.93
Beta (5Y)1.081.08
Sharpe Ratio (1Y)-0.77-0.77
Sharpe Ratio (3Y)0.190.19
Sharpe Ratio (5Y)-0.12-0.12
Max Drawdown (1Y)-45.0%-45.0%
Max Drawdown (3Y)-45.0%-45.0%
Max Drawdown (5Y)-71.1%-71.1%

Returns

KWEBMedian
NameKraneShare. 
1M Return0.7%0.7%
3M Return-8.4%-8.4%
6M Return-25.7%-25.7%
YTD Return-22.5%-22.5%
1Y Return-22.5%-22.5%
2Y Return-1.1%-1.1%
3Y Return1.5%1.5%

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity35.4 Mil
Short Interest: % Change Since 531202623.5%
Average Daily Volume20.1 Mil
Days-to-Cover Short Interest1.8 days