KWEB
KraneShares CSI China Internet ETF

Price: $31.15
Change: $0.35 (0.01%)
Category: China Equities
Last Updated:

Vitals

Issuer CICC
Brand KraneShares
Structure ETF
Expense Ratio 0.70%
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 $22.68
  • 52 Week Hi $39.17
  • AUM $5,797.3 M
  • Shares 187.1 M

Historical Trading Data

  • 1 Month Avg. Volume 20,166,910
  • 3 Month Avg. Volume 26,941,852

Alternative ETFs in the ETF Database China Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest FLCH 0.19% $148.5 M 92,269 17.74%
Largest (AUM) FXI 0.74% $7.3 B 65 M 26.77%
Most Liquid (Volume) FXI 0.74% $7.3 B 65 M 26.77%
Top YTD Performer FXI 0.74% $7.3 B 65 M 26.77%

Alternative ETFs in the FactSet Equity: China Internet Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest KLIP 0.93% $123.8 M 177,429 2.14%
Largest (AUM) KLIP 0.93% $123.8 M 177,429 2.14%
Most Liquid (Volume) KLIP 0.93% $123.8 M 177,429 2.14%
Top YTD Performer KLIP 0.93% $123.8 M 177,429 2.14%

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 33 213 10
% of Assets in Top 10 62.45% 46.14% 90.61%
% of Assets in Top 15 78.85% 55.50% 94.71%
% of Assets in Top 50 99.99% 81.20% 100.00%

Size Comparison

KWEB ETF Database Category Average FactSet Segment Average
Large (>12.9B) 64.72% 61.75% 16.18%
Mid (>2.7B) 30.58% 29.76% 7.65%
Small (>600M) 4.21% 3.29% 1.05%
Micro (<600M) 0.31% 0.17% 0.08%

KWEB Valuation

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

KWEB
P/E Ratio
0.05
ETF Database Category Average
P/E Ratio
10.29
FactSet Segment Average
P/E Ratio
0.03

KWEB Dividend

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

KWEB ETF Database Category Average FactSet Segment Average
Dividend $ 0.04 $ 0.45 $ 0.15
Dividend Date 2023-12-27 N/A N/A
Annual Dividend Rate $ 0.46 $ 0.84 $ 1.68
Annual Dividend Yield 1.50% 4.45% 14.89%

KWEB Price and Volume Charts

View charts featuring KWEB price and volume data.

KWEB Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: -8.77 M 1 Month Net Flows: -1.03 B 3 Month Net Flows: 972.64 M 6 Month Net Flows: -120.56 M 1 Year Net Flows: -239.39 M 3 Year Net Flows: 873.09 M 5 Year Net Flows: 9.45 B 10 Year Net Flows: 11.06 B

KWEB Price vs Flows AUM Influence Charts

View charts that break down the influence that fund flows and price had on overall assets.

5 Day Net AUM Change: 176.43 M
1 Month Net AUM Change: -1.34 B
3 Month Net AUM Change: 1.75 B
6 Month Net AUM Change: -133.61 M
1 Year Net AUM Change: 38.39 M
3 Year Net AUM Change: -2.61 B
5 Year Net AUM Change: 4.09 B
10 Year Net AUM Change: 5.59 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 ETF Database 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 ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A FXI
Expenses B- FLCH
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
0.70%
ETF Database Category Average
Expense Ratio
0.65%
FactSet Segment Average
Expense Ratio
0.90%

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
5.52/10
ESG Score
28.37%
Global Percentile
27.0%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      3.46%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      19.19
      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 (%)
      3.46%
      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. Returns over 1 year are annualized.

KWEB ETF Database
Category Average
Factset Segment
Average
1 Month Return -3.14% -1.63% -0.88%
3 Month Return 21.25% 18.01% 9.08%
YTD Return 15.37% 12.26% 4.38%
1 Year Return 14.50% 11.37% 4.60%
3 Year Return -7.81% -9.14% -1.95%
5 Year Return -6.04% -0.20% -1.51%

Geographic Exposure

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

Region Percentage
Asia Pacific 67.29%
North, Central and South America 32.52%
Other 0.18%
Country Percentage
China 90.11%
Ireland 5.11%
Hong Kong 3.76%
Singapore 0.83%
Other 0.18%

Holdings Analysis

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

Sector Percentage
Technology Services 41.1%
Retail Trade 25.12%
Transportation 10.37%
Finance 8.98%
Consumer Services 7.93%
Commercial Services 3.55%
Health Services 2.76%
CASH 0.18%
Market Cap Percentage
Large 64.72%
Mid 30.58%
Small 4.21%
Micro 0.31%
Region Percentage
Asset Percentage
Share/Common/Ordinary 67.29%
American Depositary Receipt 32.52%
CASH 0.18%
Sector Percentage
Technology Services 41.1%
Retail Trade 25.12%
Transportation 10.37%
Finance 8.98%
Consumer Services 7.93%
Commercial Services 3.55%
Health Services 2.76%
CASH 0.18%

KWEB Technicals

Volatility Analysis

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

5 Day Volatility 190.45%
20 Day Volatility 41.73%
50 Day Volatility 58.91%
200 Day Volatility 46.02%
Beta 0.51
Standard Deviation 3.02%
5 Day Volatility
190.45%
Rank
9 of 25

20 Day Volatility
41.73%
Rank
5 of 25

50 Day Volatility
58.91%
Rank
10 of 25

200 Day Volatility
46.02%
Rank
6 of 25

Beta
0.51
Rank
12 of 24

Standard Deviation
3.02%
Rank
7 of 25

Technicals

  • 20 Day MA $31.22
  • 60 Day MA $31.39
  • MACD 15 Period 0.51
  • MACD 100 Period 1.77
  • Williams % Range 10 Day 5.14
  • Williams % Range 20 Day 69.68
  • RSI 10 Day 51
  • RSI 20 Day 50
  • RSI 30 Day 51
  • Ultimate Oscillator 52

Bollinger Bands

  • Lower Bollinger (10 Day) $29.67
  • Upper Bollinger (10 Day) $31.45
  • Lower Bollinger (20 Day) $28.84
  • Upper Bollinger (20 Day) $33.60
  • Lower Bollinger (30 Day) $29.33
  • Upper Bollinger (30 Day) $33.89

Support & Resistance

  • Support Level 1 $30.89
  • Support Level 2 $30.64
  • Resistance Level 1 $31.29
  • Resistance Level 2 $31.44

Stochastic

  • Stochastic Oscillator %D (1 Day) 71.91
  • Stochastic Oscillator %D (5 Day) 71.76
  • Stochastic Oscillator %K (1 Day) 62.63
  • Stochastic Oscillator %K (5 Day) 55.45

Tradability

  • Tracking Difference Median (%) n/a
  • Tracking Difference Max Upside (%) n/a
  • Tracking Difference Max Downside (%) n/a
  • Median Premium Discount (%) -0.08
  • Maximum Premium Discount (%) 3.87
  • Average Spread (%) 1.00
  • Average Spread ($) 1.00

Financial Advisor Report

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Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETF Database. 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

Copyright © 2024 FactSet Research Systems Inc. All rights reserved.

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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