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KWEBvsKLIPETF Comparison

ETF 1

KWEB

KraneShares CSI China Internet ETF

This fund is part of

EM Awakening

-0.02%

Full KWEB fund page

VS

ETF 2

KLIP

KraneShares China Internet and Covered Call Strategy ETF

This fund is part of

Options Strategies

-0.16%

Full KLIP fund page

KraneShares CSI China Internet ETF (KWEB) and KraneShares China Internet and Covered Call Strategy ETF (KLIP) have similar underlying exposures to countries and sectors. Both ETFs have the same top 3 sector exposures: Consumer Discretionary, Communication Services and Real Estate. KWEB is less expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.95% for KLIP. KWEB is down -17.05% year-to-date (YTD) with -$223M in YTD flows. KLIP performs better with -6.79% YTD performance, and +$9M in YTD flows. Run a side-by-side ETF comparison of KWEB and KLIP 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 KLIP performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	KWEB KLIP	+0.39%+4.14%	-20.95%-11.68%	-17.05%-6.79%	-5.74%+7.66%	+14.94%+37.20%	-56.39%n/a
Flows	KWEB KLIP	+$154M-$622K	-$580M+$4M	-$223M+$9M	+$1.55B+$40M	+$1.89B+$211M	+$9.57B-

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	KWEB KLIP	+24.49%+18.97%	+23.37%+14.49%	+30.39%+17.63%	+40.84%n/a
Max drawdown	KWEB KLIP	-23.73%-15.70%	-31.43%-15.70%	-31.43%-18.00%	-74.55%n/a
Max drawdown duration	KWEB KLIP	88d88d	207d88d	207d88d	1825dn/a

Trading data

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	KWEB	KLIP
Last sale 4/29/2026 at 6:29 PM	$28.08	$25.79
Previous close 04/28/2026	$28.11	$26.27
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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KLIP

is actively managed and doesn’t replicate an index

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	KWEB	KLIP
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/29/2026 at 6:29 PM

Live

Closed

	KWEB	KLIP
Last price	$28.08	$25.79
1D performance	-0.12%	-1.81%
AuM	$6.39 B	$113.27 M
E/R	0.7%	0.95%

Characteristics

	KWEB	KLIP
Management strategy	Passive	Active
Provider	KraneShares	KraneShares
Benchmark	CSI Overseas China Internet Index	-
N° of holdings	24	24
Asset class	Equities	-
Trailing 12m distribution yield	Join	Join
Inception date	July 31, 2013	January 12, 2023
ESG	No	No

More KWEB data on Trackinsight

More KLIP data on Trackinsight

Exposure

Countries

KWEB

Cayman Islands

69.08%

USA

26.91%

Other

4.01%

KLIP

Cayman Islands

70.29%

USA

27.38%

Other

2.33%

Sectors

KWEB

Consumer Discreti.

43.77%

Communication Ser.

35.03%

Other

21.2%

KLIP

Consumer Discreti.

44.54%

Communication Ser.

35.64%

Other

19.82%

Diversification

KWEB

Total weight of top 15 holdings out of 15

78.36%

KLIP

Total weight of top 15 holdings out of 15

79.73%

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%

KLIP

TENCENT HOLDINGS

10.27%

ALIBABA GROUP HOLDING LTD

9.09%

PINDUODUO INC ADR

8.93%

MEITUAN

7.49%

NETEASE INC

6.01%

JD.COM INC

5.00%

KE HOLDINGS

4.42%

BAIDU

4.35%

JD HEALTH INTERNATIONAL

4.08%

US35969L1089

3.65%

TRIP.COM GROUP

3.62%

KUAISHOU TECHNOLOGY

3.39%

US8740801043

3.30%

BILIBILI

3.23%

US48553T1060

2.91%

Frequently asked questions about KWEB and KLIP

How have the KWEB and KLIP ETFs performed in 2026?

As of April 27, 2026, KWEB is down -17.05% year-to-date (YTD), while KLIP has lost -6.79%. That puts KLIP better performer ahead so far this year.

Which ETF is attracting more investor money: KWEB or KLIP?

Year-to-date, the KWEB ETF saw -$223M in flows, compared to +$9M for KLIP.

Which ETF is more volatile: KWEB or KLIP?

Over the past year, KWEB had a volatility of 23.37%, while KLIP experienced 14.49%.

Which ETF is bigger: KWEB or KLIP?

As of April 27, 2026, KWEB holds $6.39 B in assets under management (AUM), while KLIP manages $113.27 M.

What sectors do the KWEB and KLIP ETFs invest in?

KWEB leans toward sectors like Consumer Discretionary and Communication Services. Meanwhile, KLIP focuses on Consumer Discretionary and Communication Services.

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

KWEB top holdings include TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and PINDUODUO INC ADR. KLIP holds in its top three: TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and PINDUODUO INC ADR.

Which ETF is more diversified: KWEB or KLIP?

KWEB holds 31 securities with 78.36% of its assets in the top 15. KLIP has 31 securities and a top 15 weight of 79.73%.

KLIP

There's an ETF for that? The 3 Best ETFs for Investing in China's Comeback

May 31, 2024

KWEB

KLIP

KWEBvsKLIPETF Comparison

KraneShares CSI China Internet ETF

KraneShares China Internet and Covered Call Strategy ETF

KWEB vs KLIP 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 KLIP ETFs performed in 2026?

As of April 27, 2026, KWEB is down -17.05% year-to-date (YTD), while KLIP has lost -6.79%. That puts KLIP better performer ahead so far this year.

Which ETF is attracting more investor money: KWEB or KLIP?

Year-to-date, the KWEB ETF saw -$223M in flows, compared to +$9M for KLIP.

Which ETF is more volatile: KWEB or KLIP?

Over the past year, KWEB had a volatility of 23.37%, while KLIP experienced 14.49%.

Which ETF is bigger: KWEB or KLIP?

As of April 27, 2026, KWEB holds $6.39 B in assets under management (AUM), while KLIP manages $113.27 M.

What sectors do the KWEB and KLIP ETFs invest in?

KWEB leans toward sectors like Consumer Discretionary and Communication Services. Meanwhile, KLIP focuses on Consumer Discretionary and Communication Services.

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

KWEB top holdings include TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and PINDUODUO INC ADR. KLIP holds in its top three: TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and PINDUODUO INC ADR.

Which ETF is more diversified: KWEB or KLIP?

KWEB holds 31 securities with 78.36% of its assets in the top 15. KLIP has 31 securities and a top 15 weight of 79.73%.

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