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 Technology, Consumer Non-Cyclicals and Consumer Services. In contrast, MCHI's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. KWEB is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.59% for MCHI. KWEB is down -29.13% year-to-date (YTD) with -$1.15B in YTD flows. MCHI performs better with -14.58% YTD performance, and -$878M 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 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KWEB MCHI | -0.90%-2.43% | -9.54%-5.61% | -29.13%-14.58% | -35.38%-17.82% | -0.47%+27.43% | -42.01%-18.88% |
| Flows | KWEB MCHI | -$138M-$115M | -$317M-$5M | -$1.15B-$878M | -$1.30B-$929M | +$647M-$1.32B | +$3.17B+$2.59B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KWEB MCHI | +23.29%+15.61% | +24.11%+18.27% | +29.70%+23.92% | +39.36%+27.88% |
| Max drawdown | KWEB MCHI | -16.99%-9.76% | -39.40%-22.01% | -42.02%-23.40% | -62.67%-50.46% |
| Max drawdown duration | KWEB MCHI | 66d67d | 353d354d | 378d379d | 1821d1436d |
Trading data
KWEB | MCHI | |
Last sale 10/19/2026 at 1:30 PM | $24.28 | $50.87 |
| Previous close 10/16/2026 | $24.41 | $51.20 |
| Consolidated volume 10/16/2026 | ||
| 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 | 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 10/19/2026 at 1:30 PM
Live
Closed
KWEB | MCHI | |
|---|---|---|
| Last price | $24.28 | $50.87 |
| 1D performance | -0.53% | -0.64% |
| AuM | $4.50 B | $5.79 B |
| E/R | 0.69% | 0.59% |
Characteristics
KWEB | MCHI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | iShares |
| Benchmark | CSI Overseas China Internet Index | MSCI China Index |
| N° of holdings | 44 | 527 |
| 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
China
78.88%
Ireland
8.26%
Hong Kong
8.01%
Other
4.85%
MCHI
China
89.8%
Other
10.2%
Sectors
KWEB
Technology
47.32%
Consumer Non-Cycl.
24.05%
Consumer Services
12.79%
Other
15.84%
MCHI
Technology
28.1%
Finance
21.74%
Consumer Non-Cycl.
15.08%
Consumer Cyclical.
7.01%
Other
28.07%
Diversification
KWEB
Total weight of top 15 holdings out of 15
74.75%
MCHI
Total weight of top 15 holdings out of 15
47.52%
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%
MCHI
Tencent Holdings Ltd.
13.87%
Alibaba Group Holding Ltd.
9.56%
China Construction Bank Corp.
3.99%
Industrial & Commercial Bank of China Ltd.
2.46%
Xiaomi Corp.
2.35%
Meituan
1.98%
Bank of China Ltd.
1.97%
Ping An Insurance (Group) Co. of China Ltd.
1.74%
PDD Holdings, Inc.
1.69%
NetEase, Inc.
1.69%
BYD Co., Ltd.
1.60%
JD.com, Inc.
1.28%
China Life Insurance Co. Ltd.
1.13%
Lenovo Group Ltd.
1.11%
Zijin Mining Group Co., Ltd.
1.09%
Frequently asked questions about KWEB and MCHI
How have the KWEB and MCHI ETFs performed in 2026?
As of October 15, 2026, KWEB is down -29.13% year-to-date (YTD), while MCHI has lost -14.58%. 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 -$1.15B in flows, compared to -$878M for MCHI.
Which ETF is more volatile: KWEB or MCHI?
Over the past year, KWEB had a volatility of 24.11%, while MCHI experienced 18.27%.
Which ETF is bigger: KWEB or MCHI?
As of October 15, 2026, KWEB holds $4.50 B in assets under management (AUM), while MCHI manages $5.79 B.
What sectors do the KWEB and MCHI ETFs invest in?
KWEB leans toward sectors like Technology, Consumer Non-Cyclicals and Consumer Services. Meanwhile, MCHI focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the KWEB ETF and MCHI ETF?
KWEB top holdings include Tencent Holdings Ltd., Alibaba Group Holding Ltd. and PDD Holdings, Inc.. MCHI holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Construction Bank Corp..
Which ETF is more diversified: KWEB or MCHI?
KWEB holds 44 securities with 74.75% of its assets in the top 15. MCHI has 577 securities and a top 15 weight of 47.52%.
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