KWEBvsCQQQETF Comparison
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KraneShares CSI China Internet ETF (KWEB) belongs to the EM Awakening segment. Invesco China Technology ETF (CQQQ) is part of the China Blended Cap segment. KWEB's top 3 sector exposures are Consumer Discretionary, Communication Services and Real Estate. In contrast, CQQQ's top sector exposures are Information Technology, Communication Services and Consumer Discretionary. KWEB is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.65% for CQQQ. KWEB is down -17.25% year-to-date (YTD) with +$728M in YTD flows. CQQQ performs better with 3.16% YTD performance, and +$317M in YTD flows. Run a side-by-side ETF comparison of KWEB and CQQQ 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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KWEB vs CQQQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 05/19/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KWEB CQQQ | -5.66%+6.17% | -13.83%+0.84% | -17.25%+3.16% | -12.28%+28.61% | +18.61%+36.51% | -51.30%-29.38% |
| Flows | KWEB CQQQ | +$1.13B+$320M | +$943M+$159M | +$728M+$317M | +$2.40B+$2.03B | +$3.16B+$2.18B | +$10.41B+$2.28B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KWEB CQQQ | +24.80%+31.95% | +22.74%+27.26% | +30.33%+29.10% | +40.77%+32.86% |
| Max drawdown | KWEB CQQQ | -15.38%-15.96% | -31.43%-24.05% | -31.43%-35.95% | -72.73%-67.09% |
| Max drawdown duration | KWEB CQQQ | 89d75d | 229d226d | 229d470d | 1813d1787d |
Trading data
KWEB | CQQQ | |
Last sale 5/21/2026 at 3:46 PM | $27.24 | $52.19 |
| Previous close 05/20/2026 | $28.12 | $53.67 |
| Consolidated volume 05/20/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 30, 2026
1-year trailing difference
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KWEB | CQQQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 5/21/2026 at 3:46 PM
Live
Closed
KWEB | CQQQ | |
|---|---|---|
| Last price | $27.24 | $52.19 |
| 1D performance | -3.13% | -2.77% |
| AuM | $7.30 B | $3.20 B |
| E/R | 0.7% | 0.65% |
Characteristics
KWEB | CQQQ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | Invesco |
| Benchmark | CSI Overseas China Internet Index | FTSE China Incl A 25% Technology Capped Index |
| N° of holdings | 24 | 145 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 31, 2013 | December 8, 2009 |
| ESG | No | No |
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Exposure
Countries
KWEB
Cayman Islands
69.08%
USA
26.91%
Other
4.01%
CQQQ
Cayman Islands
47.52%
China
37.29%
USA
12.31%
Other
2.88%
Sectors
KWEB
Consumer Discreti.
43.77%
Communication Ser.
35.03%
Other
21.2%
CQQQ
Information Techn.
37.91%
Communication Ser.
28.66%
Consumer Discreti.
19.81%
Other
13.62%
Diversification
KWEB
Total weight of top 15 holdings out of 15
78.36%
CQQQ
Total weight of top 15 holdings out of 15
61.74%
Top 15 holdings
Data as of March 31, 2026
KWEB
TENCENT HOLDINGS
10.09%
ALIBABA GROUP HOLDING LTD
8.93%
PINDUODUO INC ADR
8.78%
MEITUAN
7.36%
NETEASE INC
5.91%
JD.COM INC
4.91%
KE HOLDINGS
4.34%
BAIDU
4.28%
JD HEALTH INTERNATIONAL
4.01%
US35969L1089
3.59%
TRIP.COM GROUP
3.56%
KUAISHOU TECHNOLOGY
3.33%
US8740801043
3.24%
BILIBILI
3.17%
US48553T1060
2.86%
CQQQ
MEITUAN
9.80%
TENCENT HOLDINGS
9.63%
PINDUODUO INC ADR
9.49%
BAIDU
6.60%
KUAISHOU TECHNOLOGY
4.97%
KYG4602S1057
3.03%
HUA HONG SEMICONDUCTOR
2.88%
SENSETIME GROUP INC
2.65%
BILIBILI
2.51%
CNE100005PT2
2.00%
TENCENT MUSIC ENTERTAINMENT GROUP ADR
1.82%
SUNNY OPTICAL TECHNOLOGY
1.75%
CAMBRICON TECHNOLOGIES CORP LTD
1.68%
GDS HOLDINGS
1.64%
NAURA TECHNOLOGY GROUP CO LTD
1.28%
Frequently asked questions about KWEB and CQQQ
How have the KWEB and CQQQ ETFs performed in 2026?
As of May 19, 2026, KWEB is down -17.25% year-to-date (YTD), while CQQQ has returned 3.16%. That puts CQQQ better performer ahead so far this year.
Which ETF is attracting more investor money: KWEB or CQQQ?
Year-to-date, the KWEB ETF saw +$728M in flows, compared to +$317M for CQQQ.
Which ETF is more volatile: KWEB or CQQQ?
Over the past year, KWEB had a volatility of 22.74%, while CQQQ experienced 27.26%.
Which ETF is bigger: KWEB or CQQQ?
As of May 19, 2026, KWEB holds $7.30 B in assets under management (AUM), while CQQQ manages $3.20 B.
What sectors do the KWEB and CQQQ ETFs invest in?
KWEB leans toward sectors like Consumer Discretionary and Communication Services. Meanwhile, CQQQ focuses on Information Technology, Communication Services and Consumer Discretionary.
What are the top holdings of the KWEB ETF and CQQQ ETF?
KWEB top holdings include TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and PINDUODUO INC ADR. CQQQ holds in its top three: MEITUAN, TENCENT HOLDINGS and PINDUODUO INC ADR.
Which ETF is more diversified: KWEB or CQQQ?
KWEB holds 31 securities with 78.36% of its assets in the top 15. CQQQ has 173 securities and a top 15 weight of 61.74%.
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