KCSH vs. KWEB
KCSH (KraneShares Sustainable Ultra Short Duration Index ETF) and KWEB (KraneShares CSI China Internet ETF) are both exchange-traded funds - KCSH is a Ultrashort Bond fund tracking the Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. Both are passively managed. Over the past year, KCSH returned 3.96% vs -27.19% for KWEB. At a 0.09 correlation, their price movements are largely independent. KCSH charges 0.20%/yr vs 0.70%/yr for KWEB.
Performance
KCSH vs. KWEB - Performance Comparison
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Returns By Period
In the year-to-date period, KCSH achieves a 1.69% return, which is significantly higher than KWEB's -30.60% return.
KCSH
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.69%
- 6M
- 1.76%
- 1Y
- 3.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWEB
- 1D
- -2.76%
- 1M
- -13.32%
- YTD
- -30.60%
- 6M
- -31.53%
- 1Y
- -27.19%
- 3Y*
- -0.64%
- 5Y*
- -16.73%
- 10Y*
- -0.63%
KCSH vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 1.69% | 4.49% | 1.98% |
KWEB KraneShares CSI China Internet ETF | -30.60% | 23.55% | 15.08% |
Correlation
The correlation between KCSH and KWEB is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | 0.09 |
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Return for Risk
KCSH vs. KWEB — Risk / Return Rank
KCSH
KWEB
KCSH vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) 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.
| KCSH | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.19 | ||
| Sortino ratioReturn per unit of downside risk | +5.94 | ||
| Omega ratioGain probability vs. loss probability | 2.08 | 0.84 | +1.24 |
| Calmar ratioReturn relative to maximum drawdown | 6.82 | -0.66 | +7.48 |
| Martin ratioReturn relative to average drawdown | 57.29 | -1.43 | +58.72 |
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Drawdowns
KCSH vs. KWEB - Drawdown Comparison
The maximum KCSH drawdown since its inception was -0.58%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KCSH and KWEB.
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Drawdown Indicators
| KCSH | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.58% | -80.92% | +80.34% |
Max Drawdown (1Y)Largest decline over 1 year | -0.58% | -41.62% | +41.04% |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -72.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.92% | — |
Current DrawdownCurrent decline from peak | -0.00% | -72.67% | +72.67% |
Average DrawdownAverage peak-to-trough decline | -0.03% | -35.39% | +35.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.07% | 19.04% | -18.97% |
Volatility
KCSH vs. KWEB - Volatility Comparison
The current volatility for KraneShares Sustainable Ultra Short Duration Index ETF (KCSH) is 0.20%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 8.14%. This indicates that KCSH 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
| KCSH | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | 8.14% | -7.94% |
Volatility (6M)Calculated over the trailing 6-month period | 0.45% | 20.56% | -20.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.25% | 27.10% | -25.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.31% | 47.70% | -46.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.31% | 40.00% | -38.69% |
KCSH vs. KWEB - Expense Ratio Comparison
KCSH has a 0.20% expense ratio, which is lower than KWEB's 0.70% expense ratio.
Dividends
KCSH vs. KWEB - Dividend Comparison
KCSH's dividend yield for the trailing twelve months is around 3.96%, less than KWEB's 8.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KCSH KraneShares Sustainable Ultra Short Duration Index ETF | 3.96% | 4.35% | 2.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 8.87% | 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
KCSH and KWEB have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWEB has higher volatility (8.14%) compared to KCSH (0.20%). In terms of maximum drawdown, KCSH dropped -0.58% vs KWEB's -80.92%.
On 1-year performance, KCSH leads with 3.96% vs -27.19% for KWEB. On fees, KCSH is cheaper at 0.20% per year. On volatility, KCSH has been the lower-risk option at 0.20%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KCSH has performed better with a 3.96% return vs -27.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KCSH is cheaper with a 0.20% expense ratio, compared with 0.70% for KWEB.
KWEB has the higher dividend yield at 8.87%, compared with 3.96% for KCSH.
KCSH is categorized as Ultrashort Bond, while KWEB is China Equities. KCSH tracks Solactive ISS Sustainable Select 0-1 Year USD Corporate IG Index, while KWEB tracks CSI Overseas China Internet Index. Their fees differ too: 0.20% for KCSH and 0.70% for KWEB.
KCSH currently has the higher Sharpe Ratio (3.18 vs -1.01), 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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