KBND vs. KWEB

Last updated Aug 1, 2026

KBND (KraneShares Bloomberg China Bond Inclusion Index ETF) and KWEB (KraneShares CSI China Internet ETF) are both exchange-traded funds - KBND is a International Government Bonds fund tracking the KBND-US - Bloomberg China Inclusion Focused Bond Index, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. Both are passively managed. Their 0.13 correlation means their historical movements had little consistent relationship. KBND charges 0.50%/yr vs 0.70%/yr for KWEB.

Performance

KBND vs. KWEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) and KraneShares CSI China Internet ETF (KWEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KBND

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

KWEB

• 1D: 1.53%
• 1M: 14.01%
• 6M: -19.47%
• YTD: -16.33%
• 1Y: -12.39%
• 3Y*: 0.77%
• 5Y*: -7.53%
• 10Y*: 0.31%
• ALL TIME*: 2.65%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KWEB KraneShares CSI China Internet ETF	$554.38M	$548.17M	$693.22M

KBND vs. KWEB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.89%	3.13%	-6.81%	4.41%	9.38%	1.25%	-0.09%	9.89%
KWEB KraneShares CSI China Internet ETF	-16.33%	23.55%	12.01%	-9.06%	-17.24%	-49.01%	58.23%	29.92%	-33.80%	69.73%

Correlation

The correlation between KBND and KWEB is 0.13, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.11
Correlation (5Y) Shows whether the relationship held over a longer period.	0.12
Correlation (10Y) Provides a long-term view across more market conditions.	0.14
Correlation (All Time) Calculated using the full available price history since Dec 3, 2014	0.13

Return for Risk

KBND vs. KWEB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

KBND

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KWEB

KWEB Risk / Return Rank: 5
KWEB Sharpe Ratio Rank: 5
KWEB Sortino Ratio Rank: 5
KWEB Omega Ratio Rank: 5
KWEB Calmar Ratio Rank: 6
KWEB Martin Ratio Rank: 6

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KBND vs. KWEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Bloomberg China Bond Inclusion Index ETF (KBND) 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.

	KBND	KWEB	Difference
Sharpe ratio: Return per unit of total volatility	—	-0.53	—
Sortino ratio: Return per unit of downside risk	—	-0.62	—
Omega ratio: Gain probability vs. loss probability	—	0.93	—
Calmar ratio: Return relative to maximum drawdown	—	-0.35	—
Martin ratio: Return relative to average drawdown	—	-0.67	—

Drawdowns

Drawdown Indicators

	KBND	KWEB	Difference
Max Drawdown Largest peak-to-trough decline	—	-80.92%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-41.62%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-63.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-80.92%	—
Current Drawdown Current decline from peak	—	-67.05%	—
Average Drawdown Average peak-to-trough decline	—	-35.65%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.98%	—

Volatility

Volatility by Period

	KBND	KWEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.76%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	27.82%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	46.99%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	40.04%	—

KBND vs. KWEB - Expense Ratio Comparison

KBND has a 0.50% expense ratio, which is lower than KWEB's 0.70% expense ratio.

Dividends

KBND vs. KWEB - Dividend Comparison

KBND has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 7.36%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KBND KraneShares Bloomberg China Bond Inclusion Index ETF	0.00%	0.00%	0.40%	2.20%	2.51%	6.97%	2.27%	3.47%	4.98%	0.00%	0.04%	1.16%
KWEB KraneShares CSI China Internet ETF	7.36%	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

Can I hold both KBND and KWEB in my portfolio?

KBND and KWEB have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KBND or KWEB?

On fees, KBND is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KBND or KWEB?

KBND is cheaper with a 0.50% expense ratio, compared with 0.70% for KWEB.

Which ETF pays a higher dividend yield, KBND or KWEB?

KWEB has the higher dividend yield at 7.36%, compared with 0.00% for KBND.

What is the main difference between KBND and KWEB?

KBND is categorized as International Government Bonds, while KWEB is China Equities. KBND tracks KBND-US - Bloomberg China Inclusion Focused Bond Index, while KWEB tracks CSI Overseas China Internet Index. They also come from different issuers: CICC and KraneShares. Their fees differ too: 0.50% for KBND and 0.70% for KWEB.