KWEBvsCXSEETF Comparison
VS
ETF 2
CXSE
WisdomTree China ex-State-Owned Enterprises Fund
This fund is part of
China Blended Cap
+0.18%
KraneShares CSI China Internet ETF (KWEB) belongs to the EM Awakening segment. WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is part of the China Blended Cap segment. KWEB's top 3 sector exposures are Technology, Consumer Non-Cyclicals and Consumer Services. In contrast, CXSE's top sector exposures are Technology, Consumer Non-Cyclicals and Industrials. KWEB is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.32% for CXSE. KWEB is down -32.95% year-to-date (YTD) with -$1.14B in YTD flows. CXSE performs better with -18.97% YTD performance, and -$17M in YTD flows. Run a side-by-side ETF comparison of KWEB and CXSE 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 CXSE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KWEB CXSE | -7.04%-8.12% | -14.35%-12.60% | -32.95%-18.97% | -40.87%-23.69% | -4.04%+16.62% | -44.51%-37.23% |
| Flows | KWEB CXSE | -$123M-$34M | -$303M-$34M | -$1.14B-$17M | -$1.39B-$17M | +$742M-$211M | +$2.36B-$62M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KWEB CXSE | +21.26%+18.26% | +23.96%+21.01% | +29.75%+24.47% | +39.31%+28.02% |
| Max drawdown | KWEB CXSE | -20.59%-18.35% | -40.92%-25.57% | -43.47%-28.08% | -61.65%-57.12% |
| Max drawdown duration | KWEB CXSE | 78d79d | 365d364d | 390d391d | 1806d1807d |
Trading data
KWEB | CXSE | |
Last sale 10/28/2026 at 1:30 PM | $22.99 | $32.20 |
| Previous close 10/28/2026 | $23.13 | $31.97 |
| Consolidated volume 10/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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KWEB | CXSE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/28/2026 at 1:30 PM
Live
Closed
KWEB | CXSE | |
|---|---|---|
| Last price | $22.99 | $32.20 |
| 1D performance | -0.61% | +0.72% |
| AuM | $4.27 B | $383.61 M |
| E/R | 0.69% | 0.32% |
Characteristics
KWEB | CXSE | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | WisdomTree |
| Benchmark | CSI Overseas China Internet Index | WisdomTree China ex-State-Owned Enterprises Index |
| N° of holdings | 44 | 248 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 31, 2013 | September 19, 2012 |
| ESG | No | No |
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Exposure
Countries
KWEB
China
78.88%
Ireland
8.26%
Hong Kong
8.01%
Other
4.85%
CXSE
China
90.61%
Other
9.39%
Sectors
KWEB
Technology
47.32%
Consumer Non-Cycl.
24.05%
Consumer Services
12.79%
Other
15.84%
CXSE
Technology
35.03%
Consumer Non-Cycl.
16.23%
Industrials
12.36%
Healthcare
10.6%
Consumer Cyclical.
9.11%
Other
16.65%
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Diversification
KWEB
Total weight of top 15 holdings out of 15
74.75%
CXSE
Total weight of top 15 holdings out of 15
43.31%
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%
CXSE
Tencent Holdings Ltd.
7.61%
Alibaba Group Holding Ltd.
7.55%
Contemporary Amperex Technology Co., Ltd.
4.62%
Zhongji Innolight Co., Ltd.
3.62%
Ping An Insurance (Group) Co. of China Ltd.
2.54%
Eoptolink Technology Inc., Ltd.
2.24%
PDD Holdings, Inc.
2.14%
Xiaomi Corp.
2.03%
Meituan
1.77%
Midea Group Co. Ltd.
1.77%
Ping An Insurance (Group) Co. of China Ltd.
1.65%
WuXi AppTec Co., Ltd.
1.52%
NetEase, Inc.
1.46%
BYD Co., Ltd.
1.45%
Cambricon Technologies Corp. Ltd.
1.36%
Frequently asked questions about KWEB and CXSE
How have the KWEB and CXSE ETFs performed in 2026?
As of October 27, 2026, KWEB is down -32.95% year-to-date (YTD), while CXSE has lost -18.97%. That puts CXSE better performer ahead so far this year.
Which ETF is attracting more investor money: KWEB or CXSE?
Year-to-date, the KWEB ETF saw -$1.14B in flows, compared to -$17M for CXSE.
Which ETF is more volatile: KWEB or CXSE?
Over the past year, KWEB had a volatility of 23.96%, while CXSE experienced 21.01%.
Which ETF is bigger: KWEB or CXSE?
As of October 27, 2026, KWEB holds $4.27 B in assets under management (AUM), while CXSE manages $383.61 M.
What sectors do the KWEB and CXSE ETFs invest in?
KWEB leans toward sectors like Technology, Consumer Non-Cyclicals and Consumer Services. Meanwhile, CXSE focuses on Technology, Consumer Non-Cyclicals and Industrials.
What are the top holdings of the KWEB ETF and CXSE ETF?
KWEB top holdings include Tencent Holdings Ltd., Alibaba Group Holding Ltd. and PDD Holdings, Inc.. CXSE holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Contemporary Amperex Technology Co., Ltd..
Which ETF is more diversified: KWEB or CXSE?
KWEB holds 44 securities with 74.75% of its assets in the top 15. CXSE has 260 securities and a top 15 weight of 43.31%.
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