BILI vs. KWEB

Last updated Apr 2, 2026

Compare and contrast key facts about Bilibili Inc. (BILI) and KraneShares CSI China Internet ETF (KWEB).

KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013.

Performance

BILI vs. KWEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bilibili Inc. (BILI) and KraneShares CSI China Internet ETF (KWEB). The values are adjusted to include any dividend payments, if applicable.

BILI vs. KWEB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BILI Bilibili Inc.	-6.91%	35.78%	48.81%	-48.63%	-48.94%	-45.87%	360.37%	27.62%	29.80%
KWEB KraneShares CSI China Internet ETF	-16.89%	23.55%	12.01%	-9.06%	-17.24%	-49.01%	58.23%	29.92%	-35.44%

Returns By Period

In the year-to-date period, BILI achieves a -6.91% return, which is significantly higher than KWEB's -16.89% return.

BILI

• 1D: 1.46%
• 1M: -15.94%
• YTD: -6.91%
• 6M: -19.63%
• 1Y: 20.54%
• 3Y*: -0.87%
• 5Y*: -27.21%
• 10Y*: —

KWEB

• 1D: -0.46%
• 1M: -7.67%
• YTD: -16.89%
• 6M: -29.25%
• 1Y: -14.27%
• 3Y*: 0.43%
• 5Y*: -15.48%
• 10Y*: -0.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

BILI vs. KWEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BILI

BILI Risk / Return Rank: 53
BILI Sharpe Ratio Rank: 55
BILI Sortino Ratio Rank: 52
BILI Omega Ratio Rank: 49
BILI Calmar Ratio Rank: 52
BILI Martin Ratio Rank: 55

KWEB

KWEB Risk / Return Rank: 4
KWEB Sharpe Ratio Rank: 4
KWEB Sortino Ratio Rank: 4
KWEB Omega Ratio Rank: 4
KWEB Calmar Ratio Rank: 5
KWEB Martin Ratio Rank: 3

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BILI vs. KWEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bilibili Inc. (BILI) and KraneShares CSI China Internet ETF (KWEB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	BILI	KWEB	Difference
Sharpe ratio Return per unit of total volatility	0.40	-0.48	+0.89
Sortino ratio Return per unit of downside risk	0.92	-0.52	+1.43
Omega ratio Gain probability vs. loss probability	1.11	0.94	+0.17
Calmar ratio Return relative to maximum drawdown	0.50	-0.45	+0.95
Martin ratio Return relative to average drawdown	1.37	-1.15	+2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BILI vs. KWEB - Sharpe Ratio Comparison

The current BILI Sharpe Ratio is 0.40, which is higher than the KWEB Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of BILI and KWEB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BILI	KWEB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	-0.48	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	-0.33	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	-0.00	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.13	0.07	+0.06

Correlation

The correlation between BILI and KWEB is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BILI vs. KWEB - Dividend Comparison

BILI has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 7.41%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILI Bilibili Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KWEB KraneShares CSI China Internet ETF	7.41%	6.16%	3.51%	1.71%	0.00%	7.07%	0.29%	0.08%	3.40%	0.58%	1.19%	0.46%

Drawdowns

BILI vs. KWEB - Drawdown Comparison

The maximum BILI drawdown since its inception was -94.30%, which is greater than KWEB's maximum drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for BILI and KWEB.

Drawdown Indicators

	BILI	KWEB	Difference
Max Drawdown Largest peak-to-trough decline	-94.30%	-80.92%	-13.38%
Max Drawdown (1Y) Largest decline over 1 year	-39.62%	-31.36%	-8.26%
Max Drawdown (5Y) Largest decline over 5 years	-92.97%	-75.23%	-17.74%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.92%	—
Current Drawdown Current decline from peak	-85.36%	-67.27%	-18.09%
Average Drawdown Average peak-to-trough decline	-57.28%	-34.81%	-22.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.41%	12.20%	+2.21%

Volatility

BILI vs. KWEB - Volatility Comparison

Bilibili Inc. (BILI) has a higher volatility of 16.51% compared to KraneShares CSI China Internet ETF (KWEB) at 8.58%. This indicates that BILI's price experiences larger fluctuations and is considered to be riskier than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILI	KWEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.51%	8.58%	+7.93%
Volatility (6M) Calculated over the trailing 6-month period	35.52%	19.06%	+16.46%
Volatility (1Y) Calculated over the trailing 1-year period	51.30%	29.53%	+21.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.37%	47.62%	+31.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.26%	39.87%	+34.39%