CTEC.L vs. KWEB.L

Last updated Apr 2, 2026

Compare and contrast key facts about ConvaTec Group plc (CTEC.L) and KraneShares CSI China Internet ETF (KWEB.L).

KWEB.L is a passively managed fund by Waystone Management that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Nov 20, 2018.

Performance

CTEC.L vs. KWEB.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in ConvaTec Group plc (CTEC.L) and KraneShares CSI China Internet ETF (KWEB.L). The values are adjusted to include any dividend payments, if applicable.

CTEC.L vs. KWEB.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
CTEC.L ConvaTec Group plc	-9.70%	12.17%	-7.73%	7.37%	22.99%	-1.08%	2.85%	47.13%	-12.50%
KWEB.L KraneShares CSI China Internet ETF	-16.17%	16.41%	15.45%	-14.37%	-8.26%	-49.13%	56.88%	20.74%	-2.54%

Different Trading Currencies

CTEC.L is traded in GBp, while KWEB.L is traded in USD. To make them comparable, the KWEB.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CTEC.L achieves a -9.70% return, which is significantly higher than KWEB.L's -16.17% return.

CTEC.L

• 1D: 1.95%
• 1M: -10.80%
• YTD: -9.70%
• 6M: -6.23%
• 1Y: -13.63%
• 3Y*: 0.69%
• 5Y*: 4.34%
• 10Y*: —

KWEB.L

• 1D: 1.53%
• 1M: -5.58%
• YTD: -16.17%
• 6M: -27.58%
• 1Y: -16.86%
• 3Y*: -1.74%
• 5Y*: -14.68%
• 10Y*: —

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

Return for Risk

CTEC.L vs. KWEB.L — Risk / Return Rank

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

CTEC.L

CTEC.L Risk / Return Rank: 22
CTEC.L Sharpe Ratio Rank: 20
CTEC.L Sortino Ratio Rank: 19
CTEC.L Omega Ratio Rank: 19
CTEC.L Calmar Ratio Rank: 24
CTEC.L Martin Ratio Rank: 27

KWEB.L

KWEB.L Risk / Return Rank: 4
KWEB.L Sharpe Ratio Rank: 4
KWEB.L Sortino Ratio Rank: 4
KWEB.L Omega Ratio Rank: 4
KWEB.L Calmar Ratio Rank: 5
KWEB.L 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.

CTEC.L vs. KWEB.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ConvaTec Group plc (CTEC.L) and KraneShares CSI China Internet ETF (KWEB.L). 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.

	CTEC.L	KWEB.L	Difference
Sharpe ratio Return per unit of total volatility	-0.46	-0.61	+0.14
Sortino ratio Return per unit of downside risk	-0.49	-0.74	+0.25
Omega ratio Gain probability vs. loss probability	0.94	0.91	+0.02
Calmar ratio Return relative to maximum drawdown	-0.49	-0.52	+0.02
Martin ratio Return relative to average drawdown	-0.76	-1.29	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CTEC.L vs. KWEB.L - Sharpe Ratio Comparison

The current CTEC.L Sharpe Ratio is -0.46, which is comparable to the KWEB.L Sharpe Ratio of -0.61. The chart below compares the historical Sharpe Ratios of CTEC.L and KWEB.L, 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

	CTEC.L	KWEB.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	-0.61	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	-0.33	+0.48
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	-0.06	+0.11

Correlation

The correlation between CTEC.L and KWEB.L is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CTEC.L vs. KWEB.L - Dividend Comparison

CTEC.L's dividend yield for the trailing twelve months is around 2.29%, while KWEB.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CTEC.L ConvaTec Group plc	2.29%	2.07%	2.23%	2.06%	1.97%	2.11%	2.21%	2.27%	3.17%	0.52%
KWEB.L KraneShares CSI China Internet ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

CTEC.L vs. KWEB.L - Drawdown Comparison

The maximum CTEC.L drawdown since its inception was -64.62%, smaller than the maximum KWEB.L drawdown of -76.83%. Use the drawdown chart below to compare losses from any high point for CTEC.L and KWEB.L.

Drawdown Indicators

	CTEC.L	KWEB.L	Difference
Max Drawdown Largest peak-to-trough decline	-64.62%	-81.20%	+16.58%
Max Drawdown (1Y) Largest decline over 1 year	-26.66%	-31.19%	+4.53%
Max Drawdown (5Y) Largest decline over 5 years	-36.12%	-75.63%	+39.51%
Current Drawdown Current decline from peak	-25.23%	-67.17%	+41.94%
Average Drawdown Average peak-to-trough decline	-29.03%	-45.88%	+16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.29%	12.12%	+5.17%

Volatility

CTEC.L vs. KWEB.L - Volatility Comparison

ConvaTec Group plc (CTEC.L) and KraneShares CSI China Internet ETF (KWEB.L) have volatilities of 9.19% and 9.49%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CTEC.L	KWEB.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.19%	9.49%	-0.30%
Volatility (6M) Calculated over the trailing 6-month period	20.63%	17.67%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	29.29%	27.77%	+1.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	44.73%	-17.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.07%	41.33%	-9.26%