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. 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 -28.4% year-to-date (YTD) with -$1.17B in YTD flows. CQQQ performs better with -13.24% YTD performance, and +$182M 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 09/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KWEB CQQQ | -6.23%-8.31% | +1.03%-18.59% | -28.40%-13.24% | -37.77%-20.34% | -0.83%+28.31% | -36.86%-28.67% |
| Flows | KWEB CQQQ | -$329M-$275M | -$445M-$149M | -$1.17B+$182M | -$1.07B+$883M | +$614M+$2.06B | +$3.59B+$2.05B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KWEB CQQQ | +25.10%+28.72% | +24.30%+29.24% | +29.77%+29.60% | +39.48%+32.74% |
| Max drawdown | KWEB CQQQ | -15.64%-20.86% | -42.02%-24.05% | -42.02%-25.87% | -62.67%-61.50% |
| Max drawdown duration | KWEB CQQQ | 50d91d | 362d358d | 362d316d | 1805d1773d |
Trading data
KWEB | CQQQ | |
Last sale 9/30/2026 at 1:30 PM | $24.50 | $44.90 |
| Previous close 09/29/2026 | $24.37 | $45.17 |
| Consolidated volume 09/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 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 | ||
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Main metrics
Last update 9/30/2026 at 1:30 PM
Live
Closed
KWEB | CQQQ | |
|---|---|---|
| Last price | $24.50 | $44.90 |
| 1D performance | +0.53% | -0.60% |
| AuM | $4.52 B | $2.55 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 | 44 | 174 |
| 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
78.88%
Ireland
8.26%
Hong Kong
8.01%
Other
4.85%
CQQQ
China
86.65%
Ireland
10.9%
Other
2.45%
Sectors
KWEB
Technology
47.32%
Consumer Non-Cycl.
24.05%
Consumer Services
12.79%
Other
15.84%
CQQQ
Technology
65.99%
Consumer Non-Cycl.
10.9%
Consumer Services
10.74%
Other
12.37%
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Diversification
KWEB
Total weight of top 15 holdings out of 15
74.75%
CQQQ
Total weight of top 15 holdings out of 15
60.76%
Top 15 holdings
Data as of August 31, 2026
KWEB
Tencent Holdings Ltd.
10.24%
Alibaba Group Holding Ltd.
8.65%
PDD Holdings, Inc.
8.26%
Meituan
7.28%
NetEase, Inc.
6.24%
Lenovo Group Ltd.
5.03%
KE Holdings, Inc.
4.35%
JD.com, Inc.
3.93%
Trip.com Group Ltd.
3.81%
Baidu, Inc.
3.37%
Kuaishou Technology
3.11%
Full Truck Alliance Co., Ltd.
2.86%
Kanzhun Ltd.
2.71%
SenseTime Group, Inc.
2.49%
JD Health International, Inc.
2.42%
CQQQ
PDD Holdings, Inc.
10.90%
Meituan
10.38%
Tencent Holdings Ltd.
10.11%
Baidu, Inc.
7.54%
Kuaishou Technology
3.86%
Hua Hong Grace Semiconductor Ltd.
3.26%
Cambricon Technologies Corp. Ltd.
1.99%
Kingboard Laminates Holdings Ltd.
1.89%
Hygon Information Technology Co., Ltd.
1.73%
SenseTime Group, Inc.
1.67%
Horizon Robotics
1.61%
NAURA Technology Group Co., Ltd.
1.58%
Sunny Optical Technology (Group) Co., Ltd.
1.56%
Bilibili, Inc.
1.41%
Tencent Music Entertainment Group
1.28%
Frequently asked questions about KWEB and CQQQ
How have the KWEB and CQQQ ETFs performed in 2026?
As of September 29, 2026, KWEB is down -28.4% year-to-date (YTD), while CQQQ has lost -13.24%. 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 -$1.17B in flows, compared to +$182M for CQQQ.
Which ETF is more volatile: KWEB or CQQQ?
Over the past year, KWEB had a volatility of 24.3%, while CQQQ experienced 29.24%.
Which ETF is bigger: KWEB or CQQQ?
As of September 29, 2026, KWEB holds $4.52 B in assets under management (AUM), while CQQQ manages $2.55 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., Alibaba Group Holding Ltd. and PDD Holdings, Inc.. CQQQ holds in its top three: PDD Holdings, Inc., Meituan and Tencent Holdings Ltd..
Which ETF is more diversified: KWEB or CQQQ?
KWEB holds 44 securities with 74.75% of its assets in the top 15. CQQQ has 180 securities and a top 15 weight of 60.76%.
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