ISVBF vs. KWEB
ISVBF (iShares MSCI China A UCITS ETF) and KWEB (KraneShares CSI China Internet ETF) are both China Equities funds - ISVBF tracks the MSCI China A Inclusion Index while KWEB tracks the CSI Overseas China Internet Index. Both are passively managed. Over the past 5 years, ISVBF returned -6.48%/yr vs -16.26%/yr for KWEB. At a 0.31 correlation, their price movements are largely independent. ISVBF charges 0.40%/yr vs 0.70%/yr for KWEB.
Performance
ISVBF vs. KWEB - Performance Comparison
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Returns By Period
In the year-to-date period, ISVBF achieves a -14.08% return, which is significantly higher than KWEB's -28.63% return.
ISVBF
- 1D
- -1.68%
- 1M
- -5.25%
- YTD
- -14.08%
- 6M
- -14.23%
- 1Y
- -5.03%
- 3Y*
- 8.21%
- 5Y*
- -6.48%
- 10Y*
- —
KWEB
- 1D
- -0.78%
- 1M
- -9.70%
- YTD
- -28.63%
- 6M
- -29.59%
- 1Y
- -25.64%
- 3Y*
- 0.45%
- 5Y*
- -16.26%
- 10Y*
- -0.65%
ISVBF vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -14.08% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
KWEB KraneShares CSI China Internet ETF | -28.63% | 23.55% | 12.01% | -9.06% | -17.24% | -46.39% |
Correlation
The correlation between ISVBF and KWEB is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since May 5, 2021 | 0.31 |
Over the past year, ISVBF and KWEB have become more correlated (0.61) than their long-term average of 0.31, meaning their price movements have been converging.
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Return for Risk
ISVBF vs. KWEB — Risk / Return Rank
ISVBF
KWEB
ISVBF vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (ISVBF) 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.
| ISVBF | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.85 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | -0.64 | +0.41 |
| Martin ratioReturn relative to average drawdown | -0.54 | -1.36 | +0.82 |
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Drawdowns
ISVBF vs. KWEB - Drawdown Comparison
The maximum ISVBF drawdown since its inception was -53.78%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for ISVBF and KWEB.
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Drawdown Indicators
| ISVBF | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.78% | -80.92% | +27.14% |
Max Drawdown (1Y)Largest decline over 1 year | -21.97% | -39.96% | +17.99% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -39.96% | +16.19% |
Max Drawdown (5Y)Largest decline over 5 years | -52.51% | -72.17% | +19.66% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.92% | — |
Current DrawdownCurrent decline from peak | -30.36% | -71.89% | +41.53% |
Average DrawdownAverage peak-to-trough decline | -32.68% | -35.38% | +2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.28% | 18.86% | -9.58% |
Volatility
ISVBF vs. KWEB - Volatility Comparison
iShares MSCI China A UCITS ETF (ISVBF) has a higher volatility of 8.48% compared to KraneShares CSI China Internet ETF (KWEB) at 8.05%. This indicates that ISVBF'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
| ISVBF | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 8.05% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 26.93% | 20.44% | +6.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.96% | 27.15% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.32% | 47.69% | -17.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.15% | 40.00% | -9.85% |
ISVBF vs. KWEB - Expense Ratio Comparison
ISVBF has a 0.40% expense ratio, which is lower than KWEB's 0.70% expense ratio.
Dividends
ISVBF vs. KWEB - Dividend Comparison
ISVBF has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 8.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | 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 | 8.63% | 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
ISVBF and KWEB have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISVBF has higher volatility (8.48%) compared to KWEB (8.05%). In terms of maximum drawdown, ISVBF dropped -53.78% vs KWEB's -80.92%.
On 5-year performance, ISVBF leads with -6.48% vs -16.26% for KWEB. On fees, ISVBF is cheaper at 0.40% per year. On volatility, KWEB has been the lower-risk option at 8.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -6.48% return vs -16.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.70% for KWEB.
KWEB has the higher dividend yield at 8.63%, compared with 0.00% for ISVBF.
ISVBF tracks MSCI China A Inclusion Index, while KWEB tracks CSI Overseas China Internet Index. They also come from different issuers: iShares and KraneShares. Their fees differ too: 0.40% for ISVBF and 0.70% for KWEB.
ISVBF currently has the higher Sharpe Ratio (-0.16 vs -0.95), 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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