KraneShares CSI China Internet ETF (KWEB)


Market Price (9/9/2026): $24.95

KraneShares CSI China Internet ETF (KWEB)


Market Price (9/9/2026): $24.95

Key Takeaways

  • KWEB has returned -25.5% YTD vs +12.6% for SPY; -35.0% over the past 12 months (SPY +19.1%). details →
  • Priced in gold, KWEB has returned -57.8% over the past 3 years, vs -2.9% in dollars. details →
  • Over the past month, KWEB has seen net outflows of −$134M (−2.6% of assets). details →
  • Risk-adjusted returns trail SPY: 3-year Sharpe ratio of 0.0 vs 1.0. details →
  • KWEB trades 41% below its 52-week high. details →
Last updated: 9/8/2026.

Price Chart

Asset Allocation with KWEB

Risk Tolerance:
ConservativeModerateAggressive
Moderate — 55% equity / 25% bonds / 20% alternatives
10Y Return (ann.)
+3.4%
Volatility
20.3%
Sharpe
0.12
YTD
-12.0%
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.

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

Top 20 Holdings for KWEB

Total Weights
Top 5: 25.3% | Top 10: 31.2% | Top 20: 31.2%

TickerHoldingETF Weight
0700.HKTencent Holdings10.11%
nullN/A1.57%
PDDPDD8.06%
YMMFull Truck Alliance2.92%
BZKanzhun2.66%
TALTAL Education2.27%
TMETencent Music Entertainment2.07%
VIPSVipshop1.53%

Performance for KWEB Top Holdings

TickerHoldingWeightMkt Price
9/8
1D Rtn1M RtnYTD Rtn1Y Rtn3Y Rtn5Y Rtn10Y Rtn
KWEBKraneShares CSI China Internet ETF100.00%25.36-2.6%-11.5%-25.5%-35.0%-2.9%-45.5%-23.4%
0700.HKTencent Holdings10.11%        
nullN/A1.57%        
PDDPDD8.06%79.75-3.0%-13.1%-29.7%-36.2%-16.4%-23.5% 
YMMFull Truck Alliance2.92%8.43-2.5%-12.5%-19.8%-34.4%33.2%-50.3% 
BZKanzhun2.66%16.62-1.8%0.9%-18.4%-30.1%15.9%-56.7%35.0%
TALTAL Education2.27%11.82-4.7%-4.5%8.3%13.9%64.4%118.9%13.2%
TMETencent Music Entertainment2.07%8.06-2.4%-15.4%-52.8%-66.3%27.6%-2.9% 
VIPSVipshop1.53%13.03-1.3%-16.9%-23.3%-22.0%-3.2%-4.0%7.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
KWEB Return-49%-17%-9%12%16%-23%-62%
Peers Return-1%-19%9%9%29%19%46%
S&P 500 Return27%-19%24%23%16%13%105%

Monthly Win Rates [3]
KWEB Win Rate33%50%42%42%67%44% 
Peers Win Rate67%22%50%65%90%67% 
S&P 500 Win Rate75%42%67%75%67%56% 

Max Drawdowns [4]
KWEB Max Drawdown-65%-53%-31%-23%-26%-37% 
Peers Max Drawdown-15%-31%-12%-9%-15%-12% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: IEMG, VWO, EEM, SPEM, SCHE.
[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 9/8/2026 (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-1.43-0.01-0.10
Equity Top Results (3Y)   
IALT2.082.082.08
VLUE2.531.420.74
SPMO0.941.370.79
CORO1.351.331.33
CGDV1.281.310.94

Results as of 8312026.

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 IEMG, VWO, EEM, SPEM, SCHE

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 IEMG, VWO, EEM, SPEM, SCHE

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


Get Notified
Alerts when dip buy opportunities arise.
Notify Me →

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-6.5%57.82908202661.8583020269
IWPiShares Russell Mid-Cap Growth ETF-5.6%139.449082026147.70817202622
IJKiShares S&P Mid-Cap 400 Growth ETF-5.1%113.039082026119.11817202622
MDYGState Street SPDR S&P 400 Mid Cap Growth ETF-5.1%107.849082026113.69817202622
VBKVanguard Small-Cap Growth ETF-5.0%347.909082026366.24817202622
IJTiShares S&P Small-Cap 600 Growth ETF-5.3%169.539082026179.07804202635
SLYGState Street SPDR S&P 600 Small Cap Growth ETF-5.3%113.189082026119.50804202635
ASHRXtrackers Harvest CSI 300 China A-Shares ETF-8.6%34.09908202637.30622202678
EWYiShares MSCI South Korea ETF-13.4%189.919082026219.20621202679
EWZiShares MSCI Brazil ETF-7.5%38.61908202641.734142026147
FXIiShares China Large-Cap ETF-8.5%35.00908202638.265132026118
KWEBKraneShares CSI China Internet ETF-18.2%25.36908202630.993102026182
MTUMiShares MSCI USA Momentum Factor ETF-10.6%308.699082026345.22622202678
SPHQInvesco S&P 500 Quality ETF-5.6%85.06908202690.10630202670
SPMOInvesco S&P 500 Momentum ETF-6.9%150.479082026161.66622202678
URAGlobal X Uranium ETF-18.5%47.50908202658.265062026125
BOTZGlobal X Funds Global X Robotics & Artificial Intelligence ETF-14.5%35.61908202641.635132026118
ROBOROBO Global Robotics & Automation Index ETF-11.8%79.65908202690.34602202698
LITGlobal X Lithium & Battery Tech ETF-19.5%73.79908202691.625112026120
ICLNiShares Global Clean Energy ETF-22.9%18.31908202623.75602202698
ARKQARK Autonomous Technology & Robotics ETF-13.7%124.059082026143.825282026103
ARKXARK Space & Defense Innovation ETF-13.8%32.52908202637.745282026103
NASATema Space Innovators ETF-41.9%24.32908202641.895272026104
AGIXKraneShares Artificial Intelligence ETF-6.1%46.37908202649.40601202699
DRSKAptus Defined Risk ETF-5.1%28.17908202629.67601202699
GDEWisdomTree Efficient Gold Plus Equity Strategy Fund-6.3%66.78908202671.30825202614
XLKState Street Technology Select Sector SPDR ETF-5.2%187.879082026198.21602202698
XLIState Street Industrial Select Sector SPDR ETF-6.5%174.429082026186.51816202623
XLCState Street Communication Services Select Sector SPDR ETF-6.4%111.529082026119.104192026142
XLYState Street Consumer Discretionary Select Sector SPDR ETF-6.6%113.999082026122.065282026103
XLUState Street Utilities Select Sector SPDR ETF-7.8%43.45908202647.154092026152
IYJiShares U.S. Industrials ETF-5.9%159.889082026169.86804202635
SMHVanEck Semiconductor ETF-14.2%573.739082026668.91622202678
SOXXiShares Semiconductor ETF-19.3%528.409082026655.01622202678
ITAiShares U.S. Aerospace & Defense ETF-11.7%223.539082026253.22816202623
IGViShares Expanded Tech-Software Sector ETF-6.9%102.669082026110.32827202612
IYTiShares U.S. Transportation ETF-7.8%82.97908202690.01716202654
MISLFirst Trust Indxx Aerospace & Defense ETF-11.8%43.38908202649.195282026103
RINGiShares MSCI Global Gold Miners ETF-7.3%86.40908202693.17825202614
SOXQInvesco PHLX Semiconductor ETF-18.7%93.609082026115.11622202678
TLTiShares 20+ Year Treasury Bond ETF-5.3%82.20908202686.78629202671
EDVVanguard World Funds Extended Duration ETF-7.8%60.30908202665.43624202676
GSGiShares GSCI Commodity-5.8%30.01908202631.853182026174
GLDSPDR Gold Trust-16.4%399.729082026477.863102026182
IAUiShares Gold Trust-14.8%83.39908202697.853102026182
GLDMSPDR Gold MiniShares Trust-16.2%86.239082026102.893102026182
SGOLETFS Physical Swiss Gold Shares-9.8%44.66908202649.533102026182
BARDirexion Daily Gold Bull 3X Shares-13.4%44.34908202651.203102026182
SLViShares Silver Trust-25.3%59.82908202680.093102026182
PPLTETFS Physical Platinum Shares-17.7%16.46908202620.003102026182
CPERUnited States Copper Index Fund ETV-7.7%33.33908202636.123112026181
PALLETFS Physical Palladium Shares-19.0%24.43908202630.163102026182
UNGUnited States Natural Gas Fund LP-19.8%10.46908202613.043122026180
BNOUnited States Brent Oil Fund LP ETV-7.1%55.85908202660.135042026127
SCHHSchwab U.S. REIT ETF-5.6%23.47908202624.86726202644
REETiShares Global REIT ETF-5.3%27.36908202628.89726202644
USRTiShares Core U.S. REIT ETF-6.4%65.33908202669.82726202644

ETF Fund Flows

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

Net fund flows · as of 2026-09-08

Asset allocation rotation · Past month

  • Equity ETFs drew the largest net inflows (+$21.8B), followed by Bond (+$18.0B), while Real Estate (−$384M) saw the largest outflows.
  • Within the mix, money rotated into Short Treasury (+$9.2B) and out of Broad Sector (−$6.3B).
  • Relative to fund size, CNEQ drew the largest inflow (+82.2% of AUM) and SNXX the largest outflow (−40.3%).
Largest inflows
#TickerNameTypeNet flow% of AUM
1VOOVanguard S&P 500 ETFEquity US Large Cap Core+$37.8B+3.6%
2VTIVanguard Morningstar Total Stock Market ETFEquity US Total Market+$7.1B+1.0%
3SGOViShares 0-3 Month Treasury Bond ETFCash+$6.45B+6.1%
4VGSHVanguard Short-Term Treasury ETFBond Short Treasury+$4.7B+15.2%
5GLDSPDR Gold SharesCommodity Gold+$4.67B+3.1%
6SCHDSchwab U.S. Dividend Equity ETFEquity Dividend Income+$3.67B+3.3%
7AVLVAvantis U.S. Large Cap Value ETFOther+$3.36B+15.6%
8IBITiShares Bitcoin Trust ETFCrypto+$2.79B+4.6%
9RSPInvesco S&P 500 Equal Weight ETFEquity Factor Smart Beta+$2.78B+2.8%
10VXUSVanguard Total International Stock ETFEquity International Broad+$2.71B+1.6%
Largest outflows
#TickerNameTypeNet flow% of AUM
1IVViShares Core S&P 500 ETFEquity US Large Cap Core-$41.27B-4.7%
2QQQInvesco QQQ Trust, Series 1Equity US Nasdaq Growth-$4.38B-0.9%
3XLFState Street Financial Select Sector SPDR ETFEquity Broad Sector-$3.77B-6.8%
4LQDiShares iBoxx $ Investment Grade Corporate Bond ETFBond Intermediate Corporate-$2.79B-8.5%
5VGITVanguard Intermediate-Term Treasury ETFBond Intermediate Treasury-$2.6B-6.1%
6HYGiShares iBoxx $ High Yield Corporate Bond ETFBond High Yield Corporate-$2.41B-14.6%
7DRAMRoundhill Memory ETFOther-$1.99B-7.6%
8GOVTiShares U.S. Treasury Bond ETFBond Intermediate Treasury-$1.86B-4.2%
9SPYMState Street SPDR Portfolio S&P 500 ETFEquity US Large Cap Core-$1.79B-1.0%
10IWMiShares Russell 2000 ETFEquity US Small Cap Core-$1.01B-1.2%

Largest ETF fund flows across ~2634 funds (min AUM $100M). Net creations/redemptions; leveraged & inverse ETFs excluded. A ⚠ marks a day excluded as a suspected data error.

Set Alerts and Notifications

Stay Informed

Trade & Investment Ideas

Wealth

Alert Me Periodically

Inform Me Once

About KWEB

0Holdings Count: 30
Expense Ratio: 0.69%
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

KWEBIEMGVWOEEMSPEMSCHEMedian
NameKraneShare.iShares Co.Vanguard F.iShares MS.State Stre.Schwab Eme. 
Asset ClassEquityEquityEquityEquityEquityEquity-
AUM ($ Bil)5.0163.8162.331.817.913.124.8
Expense Ratio0.69%0.09%0.06%0.72%0.07%0.06%0.08%
10-D Avg Volume (Mil)23.1312.007.8225.382.063.089.91
Latest Day Volume (Mil)4.281.642.133.560.220.641.88
Holdings Count302,8655,9421,1862,9792,2202,542
Inception Date7/31/201310/17/20123/4/20054/6/20033/20/20071/14/2010-

Fundamentals

KWEBIEMGVWOEEMSPEMSCHEMedian
NameKraneShare.iShares Co.Vanguard F.iShares MS.State Stre.Schwab Eme. 
Net Asset Value25.8483.1061.2168.3353.1137.29-
Premium/Discount-1.9%0.7%0.0%0.7%0.4%0.5%0.4%
Distribution Yield8.3%2.1%2.3%1.6%2.4%2.5%2.3%
Sales Yield-41.2%62.9%41.2%77.2%214.7%62.9%
Earnings Yield-4.7%7.6%4.7%5.5%4.6%4.7%

Valuation

KWEBIEMGVWOEEMSPEMSCHEMedian
NameKraneShare.iShares Co.Vanguard F.iShares MS.State Stre.Schwab Eme. 
P/S (TTM)-2.4x1.6x2.4x1.3x0.5x1.6x
P/E (TTM)-21.4x13.1x21.4x18.2x21.7x21.4x
P/FCF (TTM)-22.8x11.2x22.8x33.4x-22.8x
Forward P/E-------
Forward P/S-------

Risk

KWEBIEMGVWOEEMSPEMSCHEMedian
NameKraneShare.iShares Co.Vanguard F.iShares MS.State Stre.Schwab Eme. 
Volatility (1Y)27.9%24.0%17.5%24.8%17.6%17.9%21.0%
Volatility (3Y)34.0%19.1%16.4%19.8%16.4%16.7%17.9%
Volatility (5Y)46.5%19.3%17.5%20.0%17.3%17.8%18.5%
Beta (1Y)1.111.441.121.481.131.141.13
Beta (3Y)0.890.880.760.900.760.780.83
Beta (5Y)1.080.780.700.790.700.710.74
Sharpe Ratio (1Y)-1.351.391.171.431.161.161.17
Sharpe Ratio (3Y)0.101.161.101.131.121.111.12
Sharpe Ratio (5Y)-0.010.530.460.430.490.460.46
Max Drawdown (1Y)-45.0%-13.8%-11.2%-14.2%-11.4%-11.3%-12.6%
Max Drawdown (3Y)-45.0%-17.2%-17.4%-17.3%-17.6%-17.1%-17.3%
Max Drawdown (5Y)-64.0%-33.6%-30.9%-36.5%-30.0%-31.4%-32.5%

Returns

KWEBIEMGVWOEEMSPEMSCHEMedian
NameKraneShare.iShares Co.Vanguard F.iShares MS.State Stre.Schwab Eme. 
1M Return-11.5%4.6%1.3%4.9%1.7%1.4%1.5%
3M Return-2.9%4.7%5.1%4.7%4.8%5.8%4.7%
6M Return-17.0%16.5%11.2%17.8%11.2%11.4%11.3%
YTD Return-25.5%24.5%14.0%25.8%13.9%14.5%14.3%
1Y Return-34.0%35.6%20.9%38.4%20.9%21.2%21.1%
2Y Return3.0%64.7%47.1%68.6%46.7%48.3%47.7%
3Y Return-7.1%84.8%65.4%84.3%67.0%67.3%67.1%

Short Interest

Short Interest: As Of Date8142026
Short Interest: Shares Quantity44.1 Mil
Short Interest: % Change Since 73120266.1%
Average Daily Volume21.1 Mil
Days-to-Cover Short Interest2.1 days