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 -5.16%/yr vs -14.28%/yr for KWEB. At a 0.30 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 -6.46% return, which is significantly higher than KWEB's -20.06% return.
ISVBF
- 1D
- -2.03%
- 1M
- -2.58%
- YTD
- -6.46%
- 6M
- -7.93%
- 1Y
- 7.29%
- 3Y*
- 9.94%
- 5Y*
- -5.16%
- 10Y*
- —
KWEB
- 1D
- -3.92%
- 1M
- -4.79%
- YTD
- -20.06%
- 6M
- -22.24%
- 1Y
- -12.78%
- 3Y*
- 4.05%
- 5Y*
- -14.28%
- 10Y*
- 0.02%
ISVBF vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS ETF | -6.46% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
KWEB KraneShares CSI China Internet ETF | -20.06% | 23.55% | 12.01% | -9.06% | -17.24% | -46.05% |
Correlation
The correlation between ISVBF and KWEB is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.30 |
Over the past year, ISVBF and KWEB have become more correlated (0.64) than their long-term average of 0.30, 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.
| ISVBF | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.94 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | -0.38 | +0.76 |
| Martin ratioReturn relative to average drawdown | 0.89 | -0.76 | +1.65 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ISVBF | KWEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.24 | -0.47 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.30 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.00 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.15 | 0.06 | -0.21 |
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 | -19.18% | -34.13% | +14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -23.77% | -34.13% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -53.22% | -72.17% | +18.95% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.92% | — |
Current DrawdownCurrent decline from peak | -24.18% | -68.52% | +44.34% |
Average DrawdownAverage peak-to-trough decline | -32.76% | -35.24% | +2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.21% | 16.85% | -8.64% |
Volatility
ISVBF vs. KWEB - Volatility Comparison
The current volatility for iShares MSCI China A UCITS ETF (ISVBF) is 10.81%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 11.52%. This indicates that ISVBF 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.
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Volatility by Period
| ISVBF | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.81% | 11.52% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 26.55% | 20.11% | +6.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.57% | 27.25% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.20% | 47.67% | -17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.21% | 39.99% | -9.78% |
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 7.70%.
| 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 | 7.70% | 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 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWEB has higher volatility (11.52%) compared to ISVBF (10.81%). In terms of maximum drawdown, ISVBF dropped -53.78% vs KWEB's -80.92%.
On 5-year performance, ISVBF leads with -5.16% vs -14.28% for KWEB. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 10.81%. 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 -5.16% return vs -14.28%. 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 7.70%, 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 (0.24 vs -0.47), 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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