KWEBvsCQQQETF Comparison

ETF 1

KWEB

KraneShares CSI China Internet ETF

This fund is part of

EM Awakening

-1.59%

Full KWEB fund page

ETF 2

CQQQ

Invesco China Technology ETF

This fund is part of

China Blended Cap

-1.03%

Full CQQQ fund page

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. Both ETFs have the same top 3 sector exposures: Technology, Consumer Non-Cyclicals and Consumer Services. KWEB is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.65% for CQQQ. KWEB is down -20.84% year-to-date (YTD) with -$832M in YTD flows. CQQQ performs better with -2.09% YTD performance, and +$482M 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

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Data Services

Historic performance and flows

Data as of 08/13/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	KWEB CQQQ	+3.27%-3.94%	-8.35%-8.52%	-20.84%-2.09%	-22.76%+6.47%	+4.78%+29.95%	-32.59%-23.42%
Flows	KWEB CQQQ	+$312K+$192M	-$1.07B+$299M	-$832M+$482M	-$128M+$2.04B	+$908M+$2.35B	+$5.92B+$2.37B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	KWEB CQQQ	+29.51%+34.84%	+24.94%+30.36%	+30.01%+29.63%	+40.11%+33.03%
Max drawdown	KWEB CQQQ	-20.45%-13.31%	-42.02%-24.05%	-42.02%-30.81%	-63.46%-62.06%
Max drawdown duration	KWEB CQQQ	92d44d	315d311d	315d410d	1801d1801d

Trading data

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	KWEB	CQQQ
Last sale 8/14/2026 at 1:30 PM	$27.01	$50.88
Previous close 08/13/2026	$26.85	$51.05
Consolidated volume 08/13/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of July 31, 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

Main metrics

Last update 8/14/2026 at 1:30 PM

Live

Closed

	KWEB	CQQQ
Last price	$27.01	$50.88
1D performance	+0.60%	-0.33%
AuM	$5.37 B	$3.20 B
E/R	0.69%	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	33	174
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	July 31, 2013	December 8, 2009
ESG	No	No

More KWEB data on Trackinsight

More CQQQ data on Trackinsight

Exposure

Countries

KWEB

China

81.9%

Ireland

7.92%

Other

10.18%

CQQQ

China

86.66%

Ireland

8.98%

Other

4.36%

Sectors

KWEB

Technology

41.73%

Consumer Non-Cycl.

26.87%

Consumer Services

13.19%

Other

18.21%

CQQQ

Technology

68.11%

Consumer Non-Cycl.

8.98%

Consumer Services

8.29%

Other

14.62%

Diversification

KWEB

Total weight of top 15 holdings out of 15

77.49%

CQQQ

Total weight of top 15 holdings out of 15

58.25%

Top 15 holdings

Data as of June 30, 2026

KWEB

Tencent Holdings Ltd.

10.44%

PDD Holdings, Inc.

7.92%

Alibaba Group Holding Ltd.

7.70%

NetEase, Inc.

6.97%

Meituan

6.83%

Baidu, Inc.

4.19%

Full Truck Alliance Co., Ltd.

4.15%

Kuaishou Technology

4.08%

KE Holdings, Inc.

3.89%

JD.com, Inc.

3.88%

Trip.com Group Ltd.

3.69%

Bilibili, Inc.

3.65%

JD Health International, Inc.

3.50%

Tencent Music Entertainment Group

3.39%

Kanzhun Ltd.

3.21%

CQQQ

PDD Holdings, Inc.

8.98%

Tencent Holdings Ltd.

8.57%

Meituan

7.99%

Baidu, Inc.

7.33%

Hua Hong Semiconductor Ltd.

4.59%

Kuaishou Technology

3.90%

Kingboard Laminates Holdings Ltd.

3.86%

Cambricon Technologies Corp. Ltd.

2.51%

Hygon Information Technology Co., Ltd.

2.20%

NAURA Technology Group Co., Ltd.

1.62%

GigaDevice Semiconductor, Inc.

1.41%

SenseTime Group, Inc.

1.38%

Sunny Optical Technology (Group) Co., Ltd.

1.36%

Suzhou Dongshan Precision Manufacturing Co., Ltd.

1.30%

Bilibili, Inc.

1.26%

Frequently asked questions about KWEB and CQQQ

How have the KWEB and CQQQ ETFs performed in 2026?

As of August 13, 2026, KWEB is down -20.84% year-to-date (YTD), while CQQQ has lost -2.09%. 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 -$832M in flows, compared to +$482M for CQQQ.

Which ETF is more volatile: KWEB or CQQQ?

Over the past year, KWEB had a volatility of 24.94%, while CQQQ experienced 30.36%.

Which ETF is bigger: KWEB or CQQQ?

As of August 13, 2026, KWEB holds $5.37 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 Technology, Consumer Non-Cyclicals and Consumer Services. Meanwhile, CQQQ focuses on Technology, Consumer Non-Cyclicals and Consumer Services.

What are the top holdings of the KWEB ETF and CQQQ ETF?

KWEB top holdings include Tencent Holdings Ltd., PDD Holdings, Inc. and Alibaba Group Holding Ltd.. CQQQ holds in its top three: PDD Holdings, Inc., Tencent Holdings Ltd. and Meituan.

KWEBvsCQQQETF Comparison

KraneShares CSI China Internet ETF

Invesco China Technology ETF

KWEB vs CQQQ performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the KWEB and CQQQ ETFs performed in 2026?

As of August 13, 2026, KWEB is down -20.84% year-to-date (YTD), while CQQQ has lost -2.09%. 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 -$832M in flows, compared to +$482M for CQQQ.

Which ETF is more volatile: KWEB or CQQQ?

Over the past year, KWEB had a volatility of 24.94%, while CQQQ experienced 30.36%.

Which ETF is bigger: KWEB or CQQQ?

As of August 13, 2026, KWEB holds $5.37 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 Technology, Consumer Non-Cyclicals and Consumer Services. Meanwhile, CQQQ focuses on Technology, Consumer Non-Cyclicals and Consumer Services.

What are the top holdings of the KWEB ETF and CQQQ ETF?

KWEB top holdings include Tencent Holdings Ltd., PDD Holdings, Inc. and Alibaba Group Holding Ltd.. CQQQ holds in its top three: PDD Holdings, Inc., Tencent Holdings Ltd. and Meituan.

Which ETF is more diversified: KWEB or CQQQ?

KWEB holds 33 securities with 77.49% of its assets in the top 15. CQQQ has 180 securities and a top 15 weight of 58.25%.

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