KTEC vs. KWEB

Last updated Jun 13, 2026

KTEC (KraneShares Hang Seng TECH Index ETF) and KWEB (KraneShares CSI China Internet ETF) are both China Equities funds from KraneShares - KTEC tracks the Hang Seng Tech Index while KWEB tracks the CSI Overseas China Internet Index. Both are passively managed. Over the past 5 years, KTEC returned -11.24%/yr vs -14.40%/yr for KWEB. Their correlation of 0.94 suggests significant overlap in exposure. KTEC charges 0.69%/yr vs 0.70%/yr for KWEB.

Performance

KTEC vs. KWEB - Performance Comparison

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

Returns By Period

In the year-to-date period, KTEC achieves a -16.16% return, which is significantly higher than KWEB's -22.20% return.

KTEC

• 1D: -0.68%
• 1M: -11.70%
• YTD: -16.16%
• 6M: -17.79%
• 1Y: -16.98%
• 3Y*: 3.50%
• 5Y*: -11.24%
• 10Y*: —

KWEB

• 1D: -0.30%
• 1M: -13.40%
• YTD: -22.20%
• 6M: -23.82%
• 1Y: -19.36%
• 3Y*: 1.28%
• 5Y*: -14.40%
• 10Y*: 0.12%

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

KTEC vs. KWEB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
KTEC KraneShares Hang Seng TECH Index ETF	-16.16%	21.01%	16.13%	-10.41%	-26.12%	-29.98%
KWEB KraneShares CSI China Internet ETF	-22.20%	23.55%	12.01%	-9.06%	-17.24%	-43.13%

Correlation

The correlation between KTEC and KWEB is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 9, 2021	0.94

The correlation between KTEC and KWEB has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

KTEC vs. KWEB - Sectors Allocation Comparison

Sectors	KTEC	KWEB
Consumer Cyclical	48.6%	37.7%
Communication Services	27.6%	24.8%
Technology	21.3%	17.6%
Healthcare	2.5%	6.0%
Basic Materials	-	-
Consumer Defensive	-	3.1%
Energy	-	-
Financial Services	-	2.2%
Industrials	-	3.1%
Real Estate	-	5.2%
Utilities	-	-

Return for Risk

KTEC vs. KWEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KTEC

KTEC Risk / Return Rank: 5
KTEC Sharpe Ratio Rank: 5
KTEC Sortino Ratio Rank: 4
KTEC Omega Ratio Rank: 5
KTEC Calmar Ratio Rank: 5
KTEC Martin Ratio Rank: 5

KWEB

KWEB Risk / Return Rank: 4
KWEB Sharpe Ratio Rank: 4
KWEB Sortino Ratio Rank: 4
KWEB Omega Ratio Rank: 4
KWEB Calmar Ratio Rank: 5
KWEB Martin Ratio Rank: 5

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

KTEC vs. KWEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Hang Seng TECH Index ETF (KTEC) 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.

	KTEC	KWEB	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	-0.71	+0.11
Sortino ratio: Return per unit of downside risk	-0.75	-0.93	+0.18
Omega ratio: Gain probability vs. loss probability	0.92	0.90	+0.02
Calmar ratio: Return relative to maximum drawdown	-0.56	-0.55	-0.01
Martin ratio: Return relative to average drawdown	-1.00	-1.09	+0.09

KTEC vs. KWEB - Sharpe Ratio Comparison

The current KTEC Sharpe Ratio is -0.61, which is comparable to the KWEB Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of KTEC and KWEB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KTEC vs. KWEB - Drawdown Comparison

The maximum KTEC drawdown since its inception was -66.90%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KTEC and KWEB.

Drawdown Indicators

	KTEC	KWEB	Difference
Max Drawdown Largest peak-to-trough decline	-66.90%	-80.92%	+14.02%
Max Drawdown (1Y) Largest decline over 1 year	-30.47%	-35.46%	+4.99%
Max Drawdown (3Y) Largest decline over 3 years	-34.71%	-35.46%	+0.75%
Max Drawdown (5Y) Largest decline over 5 years	-66.90%	-72.17%	+5.27%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.92%	—
Current Drawdown Current decline from peak	-47.09%	-69.36%	+22.27%
Average Drawdown Average peak-to-trough decline	-43.95%	-35.30%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.97%	17.80%	-0.83%

Volatility

KTEC vs. KWEB - Volatility Comparison

KraneShares Hang Seng TECH Index ETF (KTEC) and KraneShares CSI China Internet ETF (KWEB) have volatilities of 9.07% and 9.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KTEC	KWEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.07%	9.39%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	20.61%	20.21%	+0.40%
Volatility (1Y) Calculated over the trailing 1-year period	28.01%	27.20%	+0.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.16%	47.66%	-4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.11%	39.98%	+3.13%

KTEC vs. KWEB - Expense Ratio Comparison

KTEC has a 0.69% expense ratio, which is lower than KWEB's 0.70% expense ratio.

Dividends

KTEC vs. KWEB - Dividend Comparison

KTEC's dividend yield for the trailing twelve months is around 4.00%, less than KWEB's 7.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KTEC KraneShares Hang Seng TECH Index ETF	4.00%	3.36%	0.27%	0.81%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KWEB KraneShares CSI China Internet ETF	7.91%	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 KTEC and KWEB in my portfolio?

With a correlation of 0.94, KTEC and KWEB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, KTEC or KWEB?

KWEB has higher volatility (9.39%) compared to KTEC (9.07%). In terms of maximum drawdown, KTEC dropped -66.90% vs KWEB's -80.92%.

Which ETF is better, KTEC or KWEB?

On 5-year performance, KTEC leads with -11.24% vs -14.40% for KWEB. On fees, KTEC is cheaper at 0.69% per year. On volatility, KTEC has been the lower-risk option at 9.07%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KTEC or KWEB?

Over the 5-year period, KTEC has performed better with a -11.24% return vs -14.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KTEC or KWEB?

KTEC is cheaper with a 0.69% expense ratio, compared with 0.70% for KWEB.

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

KWEB has the higher dividend yield at 7.91%, compared with 4.00% for KTEC.

What is the main difference between KTEC and KWEB?

KTEC tracks Hang Seng Tech Index, while KWEB tracks CSI Overseas China Internet Index. Their fees differ too: 0.69% for KTEC and 0.70% for KWEB.

Which has better risk-adjusted returns?

KTEC currently has the higher Sharpe Ratio (-0.61 vs -0.71), 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.