KCAIvsEWHETF Comparison
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KraneShares China Alpha Index ETF (KCAI) and iShares MSCI Hong Kong ETF (EWH) belong to the same industry segment: China Blended Cap. KCAI's top 3 sector exposures are Financials, Industrials and Materials. In contrast, EWH's top sector exposures are Financials, Real Estate and Industrials. KCAI is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.5% for EWH. KCAI is up 7% year-to-date (YTD) with +$3M in YTD flows. EWH performs better with 8.95% YTD performance, and +$202M in YTD flows. Run a side-by-side ETF comparison of KCAI and EWH 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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KCAI vs EWH performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KCAI EWH | +3.33%+3.59% | +7.17%-0.18% | +7.00%+8.95% | +64.82%+43.29% | n/a+28.17% | n/a+1.96% |
| Flows | KCAI EWH | -+$90M | +$3M+$202M | +$3M+$202M | -$2M+$140M | -+$68M | --$95M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KCAI EWH | +14.54%+16.29% | +13.36%+15.02% | n/a+19.52% | n/a+18.96% |
| Max drawdown | KCAI EWH | -4.37%-7.26% | -4.37%-7.26% | n/a-26.56% | n/a-42.70% |
| Max drawdown duration | KCAI EWH | 32d57d | 32d57d | n/a520d | n/a1702d |
Trading data
KCAI | EWH | |
Last sale 4/28/2026 at 1:30 PM | $32.45 | $23.33 |
| Previous close 04/28/2026 | $32.43 | $23.27 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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KCAI | EWH | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
KCAI | EWH | |
|---|---|---|
| Last price | $32.45 | $23.33 |
| 1D performance | +0.05% | +0.26% |
| AuM | $11.40 M | $913.55 M |
| E/R | 0.79% | 0.5% |
Characteristics
KCAI | EWH | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | iShares |
| Benchmark | Qi China Alpha Index | MSCI Hong Kong 25/50 Index |
| N° of holdings | 40 | 26 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | March 12, 1996 |
| ESG | No | No |
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Exposure
Countries
KCAI
China
99.77%
Other
0.23%
EWH
Hong Kong
75.99%
Cayman Islands
15.72%
Other
8.29%
Sectors
KCAI
Financials
41.38%
Industrials
21.31%
Materials
14.32%
Information Techn.
12.29%
Consumer Discreti.
10.47%
Other
0.23%
EWH
Financials
43.44%
Real Estate
19.1%
Industrials
15.18%
Utilities
11.14%
Other
11.14%
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Diversification
KCAI
Total weight of top 15 holdings out of 15
48.47%
EWH
Total weight of top 15 holdings out of 15
82.88%
Top 15 holdings
Data as of March 31, 2026
KCAI
EOPTOLINK TECHNOLOGY INC
3.43%
SATELLITE CHEMICAL CO LTD
3.43%
BANK OF CHINA
3.34%
CONSTR BANK
3.34%
ICBC
3.31%
HUA XIA BANK
3.28%
NINGXIA BAOFENG ENERGY GROUP CO LTD
3.28%
BANK OF COMM
3.21%
PUDONG DEV
3.19%
BANK OF JIANGSU CO LTD-A
3.17%
DAQIN RAILWAY
3.15%
AGRI BANK OF CN
3.11%
BEIJING BANK
3.08%
BANK OF SHANGHAI CO LTD
3.08%
ZHONGJI INNOLIGHT
3.07%
EWH
AIA
24.13%
HONG KONG EXCHANGES AND CLEARING
14.69%
CK HUTCHISON HLDGS LTD
5.20%
BOC HONG KONG
4.62%
SUN HUNG KAI PROPS
4.49%
CLP HOLDINGS
4.01%
TECHTRONIC
3.90%
LINK REIT
3.19%
WH GROUP
2.95%
CK ASSET HOLDINGS LTD
2.92%
POWER ASSETS
2.90%
HONG KONG AND CHINA GAS
2.72%
JARDINE MATHESON
2.53%
GALAXY ENTERTAINMENT GROUP
2.47%
US36118L1061
2.16%
Frequently asked questions about KCAI and EWH
How have the KCAI and EWH ETFs performed in 2026?
As of April 27, 2026, KCAI is up 7% year-to-date (YTD), while EWH has returned 8.95%. That puts EWH better performer ahead so far this year.
Which ETF is attracting more investor money: KCAI or EWH?
Year-to-date, the KCAI ETF saw +$3M in flows, compared to +$202M for EWH.
Which ETF is more volatile: KCAI or EWH?
Over the past year, KCAI had a volatility of 13.36%, while EWH experienced 15.02%.
Which ETF is bigger: KCAI or EWH?
As of April 27, 2026, KCAI holds $11.40 M in assets under management (AUM), while EWH manages $913.55 M.
What sectors do the KCAI and EWH ETFs invest in?
KCAI leans toward sectors like Financials, Industrials and Materials. Meanwhile, EWH focuses on Financials, Real Estate and Industrials.
What are the top holdings of the KCAI ETF and EWH ETF?
KCAI top holdings include EOPTOLINK TECHNOLOGY INC, SATELLITE CHEMICAL CO LTD and BANK OF CHINA. EWH holds in its top three: AIA, HONG KONG EXCHANGES AND CLEARING and CK HUTCHISON HLDGS LTD.
Which ETF is more diversified: KCAI or EWH?
KCAI holds 40 securities with 48.47% of its assets in the top 15. EWH has 27 securities and a top 15 weight of 82.88%.
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