FMQQvsKWEBETF Comparison
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The Next Frontier Internet & Ecommerce ETF (FMQQ) and KraneShares CSI China Internet ETF (KWEB) belong to the same industry segment: EM Awakening. Both ETFs have the same top 3 sector exposures: FMQQ is more expensive with a Total Expense Ratio (TER) of 0.86%, versus 0.7% for KWEB. FMQQ is down -15.91% year-to-date (YTD) with -$3M in YTD flows. KWEB performs worse with -26.82% YTD performance, and -$538M in YTD flows. Run a side-by-side ETF comparison of FMQQ and KWEB below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FMQQ vs KWEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FMQQ KWEB | +1.31%-7.97% | +3.19%-10.59% | -15.91%-26.82% | -18.91%-20.88% | +9.65%+1.25% | n/a-54.62% |
| Flows | FMQQ KWEB | -$8K-$1.15B | -$2M-$193M | -$3M-$538M | -$6M+$1.19B | +$80K+$1.99B | -+$8.51B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FMQQ KWEB | +20.44%+25.03% | +16.69%+23.38% | +16.19%+30.13% | n/a+40.81% |
| Max drawdown | FMQQ KWEB | -11.43%-17.10% | -30.52%-38.25% | -30.52%-38.25% | n/a-71.82% |
| Max drawdown duration | FMQQ KWEB | 64d67d | 277d263d | 277d263d | n/a1819d |
Trading data
FMQQ | KWEB | |
Last sale 6/23/2026 at 1:30 PM | $11.43 | $24.49 |
| Previous close 06/22/2026 | $11.61 | $25.05 |
| Consolidated volume 06/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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FMQQ | KWEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/23/2026 at 1:30 PM
Live
Closed
FMQQ | KWEB | |
|---|---|---|
| Last price | $11.43 | $24.49 |
| 1D performance | -1.59% | -2.24% |
| AuM | $19.47 M | $5.27 B |
| E/R | 0.86% | 0.7% |
Characteristics
FMQQ | KWEB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Exchange Traded Concepts | KraneShares |
| Benchmark | FMQQ The Next Frontier Internet & Ecommerce Index | CSI Overseas China Internet Index |
| N° of holdings | - | 24 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 27, 2021 | July 31, 2013 |
| ESG | No | No |
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Exposure
Countries
FMQQ
Data will be available soon
KWEB
Cayman Islands
69.53%
USA
26.66%
Other
3.81%
Sectors
FMQQ
Data will be available soon
KWEB
Consumer Discreti.
43.68%
Communication Ser.
34.66%
Other
21.66%
Diversification
FMQQ
Data will be available soon
KWEB
Total weight of top 15 holdings out of 15
79.24%
Top 15 holdings
Data as of January 1, 1970
FMQQ
Data will be available soon
KWEB
TENCENT HOLDINGS
9.62%
ALIBABA GROUP HOLDING LTD
9.33%
PINDUODUO INC ADR
8.58%
MEITUAN
7.28%
NETEASE INC
6.12%
JD.COM INC
4.98%
KE HOLDINGS
4.78%
BAIDU
4.74%
TRIP.COM GROUP
3.85%
JD HEALTH INTERNATIONAL
3.81%
US35969L1089
3.69%
US8740801043
3.32%
KUAISHOU TECHNOLOGY
3.12%
BILIBILI
3.08%
US48553T1060
2.94%
Frequently asked questions about FMQQ and KWEB
How have the FMQQ and KWEB ETFs performed in 2026?
As of June 22, 2026, FMQQ is down -15.91% year-to-date (YTD), while KWEB has lost -26.82%. That puts FMQQ better performer ahead so far this year.
Which ETF is attracting more investor money: FMQQ or KWEB?
Year-to-date, the FMQQ ETF saw -$3M in flows, compared to -$538M for KWEB.
Which ETF is more volatile: FMQQ or KWEB?
Over the past year, FMQQ had a volatility of 16.69%, while KWEB experienced 23.38%.
Which ETF is bigger: FMQQ or KWEB?
As of June 22, 2026, FMQQ holds $19.47 M in assets under management (AUM), while KWEB manages $5.27 B.
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