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 Technology, Consumer Non-Cyclicals and Consumer Services. In contrast, CQQQ's top sector exposures are Technology, Consumer Services and Consumer Non-Cyclicals. KWEB is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.65% for CQQQ. KWEB is down -27.38% year-to-date (YTD) with -$812M in YTD flows. CQQQ performs better with 4.13% YTD performance, and +$309M 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 07/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KWEB CQQQ | -12.79%+0.21% | -11.17%+20.08% | -27.38%+4.13% | -22.11%+28.18% | +0.62%+37.84% | -55.33%-31.07% |
| Flows | KWEB CQQQ | -$844M-$8M | -$349M+$264M | -$812M+$309M | +$914M+$1.94B | +$1.74B+$2.18B | +$8.09B+$2.15B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KWEB CQQQ | +25.16%+34.83% | +23.76%+29.00% | +30.13%+29.46% | +40.81%+33.12% |
| Max drawdown | KWEB CQQQ | -22.16%-9.21% | -42.02%-24.05% | -42.02%-35.64% | -70.18%-65.50% |
| Max drawdown duration | KWEB CQQQ | 77d47d | 273d269d | 273d428d | 1823d1823d |
Trading data
KWEB | CQQQ | |
Last sale 7/2/2026 at 1:30 PM | $24.99 | $53.99 |
| Previous close 07/02/2026 | $25.12 | $56.99 |
| Consolidated volume 07/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 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 7/2/2026 at 1:30 PM
Live
Closed
KWEB | CQQQ | |
|---|---|---|
| Last price | $24.99 | $53.99 |
| 1D performance | -0.52% | -5.26% |
| AuM | $4.95 B | $3.22 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 | 31 | 166 |
| 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
China
83.3%
Ireland
7.66%
Other
9.04%
CQQQ
China
90.54%
Other
9.46%
Sectors
KWEB
Technology
37.53%
Consumer Non-Cycl.
28.73%
Consumer Services
13.39%
Finance
7.43%
Other
12.92%
CQQQ
Technology
70.8%
Consumer Services
7.55%
Other
21.65%
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Diversification
KWEB
Total weight of top 15 holdings out of 15
79.33%
CQQQ
Total weight of top 15 holdings out of 15
55.62%
Top 15 holdings
Data as of May 31, 2026
KWEB
Alibaba Group Holding Ltd.
9.45%
Tencent Holdings Ltd.
9.29%
PDD Holdings, Inc.
7.66%
NetEase, Inc.
7.02%
Meituan
6.79%
Baidu, Inc.
5.48%
KE Holdings, Inc.
5.18%
JD.com, Inc.
5.14%
Full Truck Alliance Co., Ltd.
3.99%
Trip.com Group Ltd.
3.59%
Kuaishou Technology
3.50%
JD Health International, Inc.
3.41%
Kanzhun Ltd.
3.13%
TAL Education Group
3.06%
Bilibili, Inc.
2.64%
CQQQ
Tencent Holdings Ltd.
7.10%
Meituan
7.09%
Baidu, Inc.
6.75%
PDD Holdings, Inc.
6.65%
Hua Hong Semiconductor Ltd.
5.10%
Kuaishou Technology
4.20%
Cambricon Technologies Corp. Ltd.
2.99%
Hygon Information Technology Co., Ltd.
2.50%
Kingboard Laminates Holdings Ltd.
2.23%
Horizon Robotics
2.19%
Sunny Optical Technology (Group) Co., Ltd.
2.07%
SenseTime Group, Inc.
2.04%
Bilibili, Inc.
1.62%
NAURA Technology Group Co., Ltd.
1.62%
Tencent Music Entertainment Group
1.48%
Frequently asked questions about KWEB and CQQQ
How have the KWEB and CQQQ ETFs performed in 2026?
As of July 2, 2026, KWEB is down -27.38% year-to-date (YTD), while CQQQ has returned 4.13%. 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 -$812M in flows, compared to +$309M for CQQQ.
Which ETF is more volatile: KWEB or CQQQ?
Over the past year, KWEB had a volatility of 23.76%, while CQQQ experienced 29%.
Which ETF is bigger: KWEB or CQQQ?
As of July 2, 2026, KWEB holds $4.95 B in assets under management (AUM), while CQQQ manages $3.22 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 and Consumer Services.
What are the top holdings of the KWEB ETF and CQQQ ETF?
KWEB top holdings include Alibaba Group Holding Ltd., Tencent Holdings Ltd. and PDD Holdings, Inc.. CQQQ holds in its top three: Tencent Holdings Ltd., Meituan and Baidu, Inc..
Which ETF is more diversified: KWEB or CQQQ?
KWEB holds 31 securities with 79.33% of its assets in the top 15. CQQQ has 171 securities and a top 15 weight of 55.62%.
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