KWEBvsMCHIETF Comparison
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KraneShares CSI China Internet ETF (KWEB) belongs to the EM Awakening segment. iShares MSCI China ETF (MCHI) is part of the China Blended Cap segment. KWEB's top 3 sector exposures are Consumer Discretionary, Communication Services and Real Estate. In contrast, MCHI's top sector exposures are Consumer Discretionary, Financials and Communication Services. KWEB is more expensive with a Total Expense Ratio (TER) of 0.7%, versus 0.59% for MCHI. KWEB is down -20.58% year-to-date (YTD) with -$28M in YTD flows. MCHI performs better with -9.79% YTD performance, and -$778M in YTD flows. Run a side-by-side ETF comparison of KWEB and MCHI 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 MCHI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 06/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KWEB MCHI | -4.99%-5.19% | -8.57%-3.25% | -20.58%-9.79% | -14.41%+1.34% | +13.46%+29.87% | -53.36%-25.72% |
| Flows | KWEB MCHI | +$212M-$126M | +$366M-$523M | -$28M-$778M | +$1.70B-$69M | +$2.59B-$2.04B | +$9.27B+$2.80B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KWEB MCHI | +26.35%+21.54% | +23.39%+19.24% | +30.29%+24.59% | +40.78%+28.56% |
| Max drawdown | KWEB MCHI | -13.94%-8.99% | -34.63%-17.66% | -34.63%-25.77% | -71.82%-56.84% |
| Max drawdown duration | KWEB MCHI | 86d23d | 245d246d | 245d422d | 1801d1803d |
Trading data
KWEB | MCHI | |
Last sale 6/5/2026 at 1:30 PM | $26.38 | $54.44 |
| Previous close 06/04/2026 | $27.13 | $55.73 |
| Consolidated volume 06/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 2026
1-year trailing difference
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KWEB | MCHI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 6/5/2026 at 1:30 PM
Live
Closed
KWEB | MCHI | |
|---|---|---|
| Last price | $26.38 | $54.44 |
| 1D performance | -2.76% | -2.31% |
| AuM | $6.25 B | $6.26 B |
| E/R | 0.7% | 0.59% |
Characteristics
KWEB | MCHI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | iShares |
| Benchmark | CSI Overseas China Internet Index | MSCI China Index |
| N° of holdings | 24 | 522 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 31, 2013 | March 29, 2011 |
| ESG | No | No |
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Exposure
Countries
KWEB
Cayman Islands
69.53%
USA
26.66%
Other
3.81%
MCHI
Cayman Islands
46.6%
China
43.94%
Other
9.46%
Sectors
KWEB
Consumer Discreti.
43.68%
Communication Ser.
34.66%
Other
21.66%
MCHI
Consumer Discreti.
25.53%
Financials
19.05%
Communication Ser.
18.28%
Information Techn.
8.57%
Other
28.57%
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Diversification
KWEB
Total weight of top 15 holdings out of 15
79.24%
MCHI
Total weight of top 15 holdings out of 15
49.38%
Top 15 holdings
Data as of April 30, 2026
KWEB
TENCENT HOLDINGS
9.62%
ALIBABA GROUP HOLDING LTD
9.33%
PINDUODUO INC ADR
8.58%
MEITUAN
7.28%
NETEASE INC
6.12%
JD.COM INC
4.98%
KE HOLDINGS
4.78%
BAIDU
4.74%
TRIP.COM GROUP
3.85%
JD HEALTH INTERNATIONAL
3.81%
US35969L1089
3.69%
US8740801043
3.32%
KUAISHOU TECHNOLOGY
3.12%
BILIBILI
3.08%
US48553T1060
2.94%
MCHI
TENCENT HOLDINGS
14.12%
ALIBABA GROUP HOLDING LTD
10.24%
CHINA CONSTRUCTION BANK
3.99%
PINDUODUO INC ADR
2.62%
XIAOMI CORP
2.36%
INDUSTRIAL COMMERC BK CHINA
2.16%
PING AN
2.00%
MEITUAN
1.95%
BYD
1.79%
BANK OF CHINA
1.69%
NETEASE INC
1.48%
JD.COM INC
1.32%
BAIDU
1.25%
TRIP.COM GROUP
1.22%
PETROCHINA
1.20%
Frequently asked questions about KWEB and MCHI
How have the KWEB and MCHI ETFs performed in 2026?
As of June 4, 2026, KWEB is down -20.58% year-to-date (YTD), while MCHI has lost -9.79%. That puts MCHI better performer ahead so far this year.
Which ETF is attracting more investor money: KWEB or MCHI?
Year-to-date, the KWEB ETF saw -$28M in flows, compared to -$778M for MCHI.
Which ETF is more volatile: KWEB or MCHI?
Over the past year, KWEB had a volatility of 23.39%, while MCHI experienced 19.24%.
Which ETF is bigger: KWEB or MCHI?
As of June 4, 2026, KWEB holds $6.25 B in assets under management (AUM), while MCHI manages $6.26 B.
What sectors do the KWEB and MCHI ETFs invest in?
KWEB leans toward sectors like Consumer Discretionary and Communication Services. Meanwhile, MCHI focuses on Consumer Discretionary, Financials and Communication Services.
What are the top holdings of the KWEB ETF and MCHI ETF?
KWEB top holdings include TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and PINDUODUO INC ADR. MCHI holds in its top three: TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and CHINA CONSTRUCTION BANK.
Which ETF is more diversified: KWEB or MCHI?
KWEB holds 31 securities with 79.24% of its assets in the top 15. MCHI has 578 securities and a top 15 weight of 49.38%.
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