KWEB
KraneShares CSI China Internet ETF
The KraneShares CSI China Internet ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the CSI Overseas China Internet Index. The index is designed to measure the performance of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 6.6 B
ASSETS UNDER MGMT
69 bp
EXPENSES
Fund Basics
| Inception date | Jul 31, 2013 |
| Regulation | Open-End Investment Company |
| Fund Website | link... |
| Distributions | Semi-annual |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TENCENT HOLDINGS LTD | 10.1 % |
| ALIBABA GROUP HOLDING LTD. | 8.7 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 7.8 % |
| MEITUAN DIANPING | 7.4 % |
| NETEASE, INC | 6.1 % |
| BAIDU, INC. CLASS A | 4.3 % |
| TRIP.COM GROUP LTD. | 4.2 % |
| KE HOLDINGS, INC. CLASS A | 4.2 % |
| JD.COM, INC. CLASS A | 3.9 % |
| JD HEALTH INTERNATIONAL, INC. | 3.8 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 513 |
| Wgt avg mkt cap (mns) | $134,739 |
| Large cap (>$10bn) | 70.2% |
| Mid cap ($2-10bn) | 23.6% |
| Small cap (<$2bn) | 0.5% |
| Developed mkts. | 2.7% |
| Emerging mkts. | 91.6% |
Sector Breakdown
Country Exposure
 |
CHINA | 91.6 % |
 |
HONG KONG | 2.7 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -8.8% | -8.5% | 10.7% | 2.1% | -19.1% | -0.5% | -- | 1.3% |
| Dividend Yield | 0.0% | 5.6% | 5.3% | 3.8% | 3.0% | 2.4% | -- | 2.0% |
| Total Returns | -8.8% | -2.9% | 15.9% | 5.9% | -16.2% | 1.9% | -- | 3.4% | Ann. Volatility | 29.0% | 30.8% | 35.5% | 35.8% | 48.2% | 39.8% | -- | 38.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.89 | 31% |
| MSCI EAFE | 1.10 | 34% |
| MSCI Emg Mkts | 1.39 | 67% |
Liquidity Measures
| Avg. volume (000) | 25,812 |
| ADV traded (mns) | $728 |
| Turnover | 11.1% |
| Avg. Bid/Ask (% of price) | 0.03% |
Technical Indicators
| 30d moving avg. (EMA) | $31.26 |
| Relative strength (RSI) | 31 |
| MACD/Signal | -1.06/-1.02 |
| Bollinger Bands (Upper/Lower) | $32.54/$28.36 |
| Short interest (% of AUM) | 17.7% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. KWEB |
Expenses vs. KWEB |
ALTAR Score™ vs. KWEB |
|---|---|---|---|---|
| KTEC | KraneShares Hang Seng TECH Index ETF | 51.9% | 0 bp | -3.6% |
| FDNI | First Trust Dow Jones International Internet ETF | 45.3% | -4 bp | -0.8% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 40.6% | +17 bp | -12.2% |
| CQQQ | Invesco China Technology ETF | 39.4% | +1 bp | -7.8% |
| KEMQ | KraneShares Emerging Markets Consumer Technology Index ETF | 36.1% | -9 bp | -15.0% |
| FXI | iShares China Large-Cap ETF | 35.5% | +5 bp | -4.5% |
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 35.5% | -4 bp | -12.3% |
| TCHI | iShares MSCI China Multisector Tech ETF | 33.2% | -10 bp | -10.0% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 32.3% | -37 bp | -11.2% |
| MCH | Matthews China Active ETF | 32.0% | +10 bp | -10.1% |
Risk and Returns: KWEB vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 3/27/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
27.0%
ALTAR SCORE™
99th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 197 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.3% and a standard deviation
of 2.4%. KWEB's ALTAR Score™ is approximately 7.9 standard
deviations above the category average. This places KWEB in the 99th percentile
among funds in the category.
Sell-Side Consensus
$44.73
PRICE TARGET
+58.6%
UPSIDE