KWEB
KraneShares CSI China Internet ETF

Price: $48.10
Change: $1.17 (0.02%)
Category: China Equities
Last Updated:

Vitals

Issuer CICC
Brand KraneShares
Structure ETF
Expense Ratio 0.76%
ETF Home Page Home page
Inception Jul 31, 2013

Analyst Report

KraneShares CSI China Internet ETF (KWEB) is the only ETF on the market that offers pureplay exposure to Chinese software and information technology stocks that are China’s answer to U.S. firms like Amazon and Facebook.


KraneShares specializes in Chinese markets, and is majority owned by a leading Chinese investment bank. Their lineup includes other thematic funds targeting narrow slices of the Chinese economy.


KWEB’s portfolio is dominated by well-known large-cap stocks like Alibaba and Tencent, but also owns a sizable chunk of mid- and small-cap firms that many U.S. investors might not recognize. KWEB is the only ETF of its type, which allows it to command a higher fee of 76 basis points, which isn’t an unreasonable premium to pay for targeted exposure to Chinese internet firms.


One foible to keep in mind is that KWEB only invests in overseas-listed shares of Chinese firms, primarily share classes listed in the U.S. and Hong Kong, which means it misses out on a slice of the mainland China market. For the past few years, index giant MSCI Inc. has been slowly and steadily adding slices of mainland China A-shares to its global benchmarks, which has given U.S. investors easier access to companies listed in Shanghai and Shenzhen.


For broader exposure to Chinese stocks, investors might consider KraneShares MSCI All China Index ETF (KALL), Deutsche Bank’s Ztrackers Harvest CSI 300 China A-Shares ETF (ASHR) or iShares MSCI China ETF (MCHI). he KraneShares Bosera MSCI China A Share ETF (KBA) was reconfigured in December 2017 to invest in an index of mainland Chinese stocks added to MSCI’s popular emerging markets indices.

ETF Database Themes

Category China Equities
Asset Class Equity
Asset Class Size Multi-Cap
Asset Class Style Blend
Sector (General) Technology
Sector (Specific) Internet
Region (General) Emerging Asia Pacific
Region (Specific) China

FactSet Classifications

  • Segment Equity: China Internet
  • Category Sector
  • Focus Theme
  • Niche Internet
  • Strategy Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $43.39
  • 52 Week Hi $104.94
  • AUM $7,115.5 M
  • Shares 146.8 M

Historical Trading Data

  • 1 Month Avg. Volume 12,541,824
  • 3 Month Avg. Volume 11,797,677

Alternative ETFs in the ETF Database China Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FLCH 0.19% $129.3 M 40,697 -16.29%
Largest (AUM) MCHI 0.59% $6.1 B 4 M -16.39%
Most Liquid (Volume) FXI 0.74% $4.8 B 24 M -16.18%
Top YTD Performer CHIE 0.66% $4.5 M 6,482 52.42%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

KWEB ETF Database Category Average FactSet Segment Average
Number of Holdings 52 201 52
% of Assets in Top 10 66.63% 45.02% 66.63%
% of Assets in Top 15 78.15% 55.09% 78.15%
% of Assets in Top 50 100.61% 81.88% 100.61%

Size Comparison

KWEB ETF Database Category Average FactSet Segment Average
Large (>12.9B) 71.94% 69.15% 71.94%
Mid (>2.7B) 24.02% 27.30% 24.02%
Small (>600M) 3.68% 3.44% 3.68%
Micro (<600M) 0.36% 0.12% 0.36%

KWEB Valuation

This section compares the P/E ratio of this ETF to its peers.

KWEB
P/E Ratio
30.30
ETF Database Category Average
P/E Ratio
24.67
FactSet Segment Average
P/E Ratio
30.30

KWEB Dividend

This section compares the dividend yield of this ETF to its peers.

KWEB ETF Database Category Average FactSet Segment Average
Dividend $ 0.22 $ 0.20 $ 0.22
Dividend Date 2020-12-29 N/A N/A
Annual Dividend Rate $ 0.22 $ 0.36 $ 0.22
Annual Dividend Yield 0.47% 1.14% 0.47%

KWEB Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: -156.56 M 1 Month Net Flows: 1.43 B 3 Month Net Flows: 4.22 B 6 Month Net Flows: 5.67 B 1 Year Net Flows: 6.11 B 3 Year Net Flows: 7 B 5 Year Net Flows: 8.15 B 10 Year Net Flows: 8.38 B

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for KWEB on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the China Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

KWEB Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

KWEB
Expense Ratio
0.76%
ETF Database Category Average
Expense Ratio
0.63%
FactSet Segment Average
Expense Ratio
0.76%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
4.12/10
ESG Score
11.42%
Global Percentile
12.66%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      2.13%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      16.01
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      2.13%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      0.0%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    • Entrenched Board (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    • Accounting Flag (%)
      Lower improves ESG score

KWEB Performance

This section shows how this ETF has performed relative to its peers.

KWEB ETF Database
Category Average
Factset Segment
Average
1 Month Return -1.82% -0.68% -1.82%
3 Month Return -31.88% -10.86% -31.88%
YTD Return -37.36% -4.94% -37.36%
1 Year Return -27.38% 11.46% -27.38%
3 Year Return 1.01% 31.73% 1.01%
5 Year Return 23.38% 39.62% 23.38%

KWEB Price and Volume Chart

Geographic Exposure

The following charts reflect the geographic spread of KWEB's underlying holdings.

Sector Breakdown

Asset Percentage
American Depositary Receipt 65.03%
Share/Common/Ordinary 35.58%
CASH -0.66%
Sector Percentage
Technology Services 54.77%
Retail Trade 28.01%
Consumer Services 6.96%
Transportation 5.25%
Health Services 3.31%
Finance 1.48%
Commercial Services 0.83%
CASH -0.66%
Market Cap Percentage
Large 71.94%
Mid 24.02%
Small 3.68%
Micro 0.36%
Region Percentage
North, Central and South America 65.03%
Asia Pacific 35.58%
Other -0.66%
Region Percentage
Country Percentage
China 97.71%
Hong Kong 2.04%
Singapore 0.86%
Other -0.66%
Asset Percentage
American Depositary Receipt 65.03%
Share/Common/Ordinary 35.58%
CASH -0.66%

KWEB Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

5 Day Volatility
378.61%
Rank
1 of 35

20 Day Volatility
43.35%
Rank
3 of 35

50 Day Volatility
58.76%
Rank
1 of 35

200 Day Volatility
47.76%
Rank
1 of 35

Beta
0.79
Rank
7 of 35

Standard Deviation
13.41%
Rank
1 of 32

Technicals

  • 20 Day MA $50.14
  • 60 Day MA $52.49
  • MACD 15 Period -1.48
  • MACD 100 Period -11.20
  • Williams % Range 10 Day 48.95
  • Williams % Range 20 Day 74.61
  • RSI 10 Day 45
  • RSI 20 Day 44
  • RSI 30 Day 43
  • Ultimate Oscillator 51

Bollinger Bands

  • Lower Bollinger (10 Day) $46.18
  • Upper Bollinger (10 Day) $49.80
  • Lower Bollinger (20 Day) $45.13
  • Upper Bollinger (20 Day) $54.97
  • Lower Bollinger (30 Day) $43.27
  • Upper Bollinger (30 Day) $54.60

Support & Resistance

  • Support Level 1 $46.80
  • Support Level 2 $45.50
  • Resistance Level 1 $48.78
  • Resistance Level 2 $49.46

Stochastic

  • Stochastic Oscillator %D (1 Day) 70.28
  • Stochastic Oscillator %D (5 Day) 52.73
  • Stochastic Oscillator %K (1 Day) 61.76
  • Stochastic Oscillator %K (5 Day) 44.53

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Data Lineage

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Analyst Report Authors

ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.

Disclosures

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Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
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