DIDIY vs. KWEB
DIDIY (Didi Global Inc ADR) is a stock, while KWEB (KraneShares CSI China Internet ETF) is China Equities fund tracking the CSI Overseas China Internet Index. Over the past 3 years, DIDIY returned 4.35%/yr vs 0.03%/yr for KWEB. At a 0.41 correlation, their price movements are largely independent.
Performance
DIDIY vs. KWEB - Performance Comparison
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Returns By Period
In the year-to-date period, DIDIY achieves a -33.71% return, which is significantly lower than KWEB's -22.97% return.
DIDIY
- 1D
- -1.13%
- 1M
- -4.37%
- 6M
- -31.24%
- YTD
- -33.71%
- 1Y
- -31.91%
- 3Y*
- 4.35%
- 5Y*
- —
- 10Y*
- —
KWEB
- 1D
- -0.57%
- 1M
- -0.98%
- 6M
- -30.35%
- YTD
- -22.97%
- 1Y
- -17.81%
- 3Y*
- 0.03%
- 5Y*
- -13.12%
- 10Y*
- -0.41%
DIDIY vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DIDIY Didi Global Inc ADR | -33.71% | 15.54% | 15.70% | 24.21% | -14.05% |
KWEB KraneShares CSI China Internet ETF | -22.97% | 23.55% | 12.01% | -9.06% | -1.56% |
Correlation
The correlation between DIDIY and KWEB is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022 | 0.41 |
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Return for Risk
DIDIY vs. KWEB — Risk / Return Rank
DIDIY
KWEB
DIDIY vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Didi Global Inc ADR (DIDIY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DIDIY | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 0.91 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.43 | -0.19 |
| Martin ratioReturn relative to average drawdown | -0.99 | -0.87 | -0.12 |
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Drawdowns
DIDIY vs. KWEB - Drawdown Comparison
The maximum DIDIY drawdown since its inception was -51.94%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for DIDIY and KWEB.
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Drawdown Indicators
| DIDIY | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.94% | -80.92% | +28.98% |
Max Drawdown (1Y)Largest decline over 1 year | -51.94% | -41.62% | -10.32% |
Max Drawdown (3Y)Largest decline over 3 years | -51.94% | -41.62% | -10.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -68.90% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.92% | — |
Current DrawdownCurrent decline from peak | -49.78% | -69.66% | +19.88% |
Average DrawdownAverage peak-to-trough decline | -21.11% | -35.51% | +14.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 32.23% | 20.57% | +11.66% |
Volatility
DIDIY vs. KWEB - Volatility Comparison
Didi Global Inc ADR (DIDIY) has a higher volatility of 12.56% compared to KraneShares CSI China Internet ETF (KWEB) at 7.71%. This indicates that DIDIY'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.
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Volatility by Period
| DIDIY | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 7.71% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 30.03% | 20.51% | +9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.65% | 27.59% | +22.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.16% | 47.58% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.16% | 40.01% | +11.15% |
Dividends
DIDIY vs. KWEB - Dividend Comparison
DIDIY has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 7.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIDIY Didi Global Inc ADR | 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 | 7.99% | 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
DIDIY and KWEB have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIDIY has higher volatility (12.56%) compared to KWEB (7.71%). In terms of maximum drawdown, DIDIY dropped -51.94% vs KWEB's -80.92%.
DIDIY currently has the higher Sharpe Ratio (-0.65 vs -0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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