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KraneShares CSI China Internet ETF (KWEB) Diversifiers

ETF · Currency in USD · Last updated Jul 15, 2026

KWEB, or the KraneShares CSI Overseas China Internet ETF, is an exchange-traded fund (ETF) managed by China International Capital Corporation (CICC). It is designed to track the investment results of the CSI Overseas China Internet index, which consists of companies listed on global stock exchanges that are engaged in the internet industry in China. This index is designed to provide investors with exposure to the growing internet industry in China, which has been driven by the increasing adoption of mobile devices, the expansion of e-commerce, and the growth of the digital economy in the country.

KWEB was launched on July 31, 2013, and has a 0.76% expense ratio, which is high compared to other passive mutual funds or ETFs.

KWEB is a passive ETF, meaning it tracks the performance of the underlying index rather than actively seeking to outperform it. This can make it a suitable investment for those looking for exposure to the internet industry in China without the added risk and cost of active management. So, KWEB can be a good investment option for those who want to diversify their portfolio and gain exposure to the growing internet industry in China.

Looking to diversify beyond KWEB? The ETFs below have the lowest correlation with KWEB — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from KWEB.

Best Diversifiers for KWEB

613 ETFs have low correlation with KWEB (below 0.3), 63 of which are negatively correlated. The least correlated is T-REX 2X Inverse MSTR Daily Target ETF (MSTZ) (Inverse Equities) with a 1Y correlation of -0.36, roughly unchanged from -0.31 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
MSTZ
T-REX 2X Inverse MSTR Daily Target ETF-0.36-0.31-0.31
65
Inverse Equities, Leveraged EquitiesKWEB vs MSTZ
BITI
ProShares Short Bitcoin ETF-0.36-0.22-0.26
53
CryptocurrencyKWEB vs BITI
SMST
Defiance Daily Target 2X Short MSTR ETF-0.36-0.30-0.30
56
Inverse EquitiesKWEB vs SMST
WNTR
YieldMax Short MSTR Option Income Strategy ETF-0.34——
70
Derivative IncomeKWEB vs WNTR
RSBY
Return Stacked Bonds & Futures Yield ETF-0.21——
54
MultistrategyKWEB vs RSBY
See all 2065 diversifiers for KWEB

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from KWEB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to KWEB and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.23, down from -0.03 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
DUK
Duke Energy Corporation-0.23-0.01-0.03
65
Utilities
SO
The Southern Company-0.180.03-0.00
58
Utilities
MO
Altria Group, Inc.-0.18-0.000.03
78
Consumer Defensive
CB
Chubb Limited-0.15-0.010.05
83
Financial Services
KO
The Coca-Cola Company-0.100.050.05
82
Consumer Defensive
See all 166 low-correlation stocks for KWEB

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Diversification Analysis

Build a portfolio that complements KWEB

Add KWEB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with KWEB