CBUK.DE vs. KWEB
CBUK.DE (iShares MSCI China Tech UCITS ETF USD Acc) and KWEB (KraneShares CSI China Internet ETF) are both exchange-traded funds - CBUK.DE is a Technology Equities fund tracking the MSCI China Technology Sub-Industries ESG Screened Select Capped, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. Both are passively managed. Over the past 3 years, CBUK.DE returned 13.37%/yr vs -0.48%/yr for KWEB. Their correlation of 0.81 suggests significant overlap in exposure. CBUK.DE charges 0.45%/yr vs 0.70%/yr for KWEB.
Performance
CBUK.DE vs. KWEB - Performance Comparison
Loading charts...
Different Trading Currencies
CBUK.DE is traded in EUR, while KWEB is traded in USD. To make them comparable, the KWEB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CBUK.DE achieves a 2.62% return, which is significantly higher than KWEB's -21.01% return.
CBUK.DE
- 1D
- -0.11%
- 1M
- 4.25%
- YTD
- 2.62%
- 6M
- 0.39%
- 1Y
- 20.86%
- 3Y*
- 13.37%
- 5Y*
- —
- 10Y*
- —
KWEB
- 1D
- -1.99%
- 1M
- -9.61%
- YTD
- -21.01%
- 6M
- -24.77%
- 1Y
- -18.76%
- 3Y*
- -0.48%
- 5Y*
- -13.88%
- 10Y*
- -0.53%
CBUK.DE vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 2.62% | 21.05% | 18.05% | -9.04% | -1.49% |
KWEB KraneShares CSI China Internet ETF | -21.01% | 8.88% | 19.41% | -11.78% | 6.50% |
Correlation
The correlation between CBUK.DE and KWEB is 0.77, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2022 | 0.81 |
The correlation between CBUK.DE and KWEB has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CBUK.DE vs. KWEB — Risk / Return Rank
CBUK.DE
KWEB
CBUK.DE vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) 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.
| CBUK.DE | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.65 | ||
| Sortino ratioReturn per unit of downside risk | +2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.90 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | -0.56 | +1.48 |
| Martin ratioReturn relative to average drawdown | 1.88 | -1.11 | +2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CBUK.DE | KWEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | -0.70 | +1.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.30 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.08 | +0.13 |
Drawdowns
CBUK.DE vs. KWEB - Drawdown Comparison
The maximum CBUK.DE drawdown since its inception was -37.29%, smaller than the maximum KWEB drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for CBUK.DE and KWEB.
Loading charts...
Drawdown Indicators
| CBUK.DE | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.29% | -76.74% | +39.45% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -33.74% | +9.75% |
Max Drawdown (3Y)Largest decline over 3 years | -28.54% | -33.74% | +5.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -76.74% | — |
Current DrawdownCurrent decline from peak | -11.37% | -68.11% | +56.74% |
Average DrawdownAverage peak-to-trough decline | -16.27% | -32.61% | +16.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.77% | 16.91% | -5.14% |
Volatility
CBUK.DE vs. KWEB - Volatility Comparison
The current volatility for iShares MSCI China Tech UCITS ETF USD Acc (CBUK.DE) is 8.51%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 10.41%. This indicates that CBUK.DE experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CBUK.DE | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.51% | 10.41% | -1.90% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 19.43% | -2.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.47% | 26.85% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.52% | 46.24% | -14.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.52% | 39.17% | -7.65% |
CBUK.DE vs. KWEB - Expense Ratio Comparison
CBUK.DE has a 0.45% expense ratio, which is lower than KWEB's 0.70% expense ratio.
Dividends
CBUK.DE vs. KWEB - Dividend Comparison
CBUK.DE has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 7.95%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CBUK.DE iShares MSCI China Tech UCITS ETF USD Acc | 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 | 7.95% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
Frequently Asked Questions
CBUK.DE and KWEB have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CBUK.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CBUK.DE is cheaper with a 0.45% expense ratio, compared with 0.70% for KWEB.
CBUK.DE is categorized as Technology Equities, while KWEB is China Equities. CBUK.DE tracks MSCI China Technology Sub-Industries ESG Screened Select Capped, while KWEB tracks CSI Overseas China Internet Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.45% for CBUK.DE and 0.70% for KWEB.
Find the right allocation for CBUK.DE and KWEB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer