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KTEC vs. KWEB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KTEC vs. KWEB

Last updated Aug 2, 2026
Documentation

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 -7.23%/yr vs -7.53%/yr for KWEB. Their correlation of 0.94 means they have usually moved in the same direction. 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.

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Returns By Period

In the year-to-date period, KTEC achieves a -12.58% return, which is significantly higher than KWEB's -16.33% return.

KTEC

1D
0.81%
1M
10.40%
6M
-14.54%
YTD
-12.58%
1Y
-11.77%
3Y*
0.64%
5Y*
-7.23%
10Y*
—
ALL TIME*
-10.38%

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

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

KTEC

KraneShares Hang Seng TECH Index ETF
$941.66K$1.10M$1.04M

KWEB

KraneShares CSI China Internet ETF
$554.38M$548.17M$693.22M

KTEC vs. KWEB - Yearly Performance Comparison

2026 (YTD)20252024202320222021
KTEC
KraneShares Hang Seng TECH Index ETF		-12.58%21.01%16.13%-10.41%-26.12%-29.98%
KWEB
KraneShares CSI China Internet ETF		-16.33%23.55%12.01%-9.06%-17.24%-43.13%

Correlation

The correlation between KTEC and KWEB is 0.94, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.94

Correlation (3Y)
Balances recent behavior with more history.

0.93

Correlation (5Y)
Shows whether the relationship held over a longer 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 0.93 to 0.94 - a consistent structural relationship.

KTEC vs. KWEB - Sectors Allocation Comparison

Sectors
KTEC
KWEB

Consumer Cyclical

43.0%
36.4%

Communication Services

30.4%
32.4%

Technology

24.7%
11.8%

Industrials

8.6%
4.5%

Healthcare

1.9%
6.0%

Basic Materials

-

-

Consumer Defensive

-

3.0%

Energy

-

-

Financial Services

-

1.8%

Real Estate

-

4.0%

Utilities

-

-

Consumer Cyclical

KTEC
43.0%
KWEB
36.4%

Communication Services

KTEC
30.4%
KWEB
32.4%

Technology

KTEC
24.7%
KWEB
11.8%

Industrials

KTEC
8.6%
KWEB
4.5%

Healthcare

KTEC
1.9%
KWEB
6.0%

Basic Materials

KTEC

-

KWEB

-

Consumer Defensive

KTEC

-

KWEB
3.0%

Energy

KTEC

-

KWEB

-

Financial Services

KTEC

-

KWEB
1.8%

Real Estate

KTEC

-

KWEB
4.0%

Utilities

KTEC

-

KWEB

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

KraneShares Hang Seng TECH Index ETF

KraneShares CSI China Internet ETF

Often compared with KTEC:
KTEC vs. MCHIKTEC vs. ^HSIKTEC vs. TCHIKTEC vs. HSTE.LKTEC vs. FDVKTEC vs. WEXKTEC vs. OBOR
Often compared with KWEB:
KWEB vs. CQQQKWEB vs. FXIKWEB vs. MCHIKWEB vs. CWEBKWEB vs. KLIPKWEB vs. YINNKWEB vs. GXC

Return for Risk

KTEC vs. KWEB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KTEC
KTEC Risk / Return Rank: 66
Overall Rank
KTEC Sharpe Ratio Rank: 55
Sharpe Ratio Rank
KTEC Sortino Ratio Rank: 55
Sortino Ratio Rank
KTEC Omega Ratio Rank: 55
Omega Ratio Rank
KTEC Calmar Ratio Rank: 66
Calmar Ratio Rank
KTEC Martin Ratio Rank: 66
Martin Ratio Rank
KWEB
KWEB Risk / Return Rank: 55
Overall Rank
KWEB Sharpe Ratio Rank: 55
Sharpe Ratio Rank
KWEB Sortino Ratio Rank: 55
Sortino Ratio Rank
KWEB Omega Ratio Rank: 55
Omega Ratio Rank
KWEB Calmar Ratio Rank: 66
Calmar Ratio Rank
KWEB Martin Ratio Rank: 66
Martin Ratio Rank
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.

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.

KTECKWEBDifference
Sharpe ratioReturn per unit of total volatility
-0.49
-0.53

+0.05

Sortino ratioReturn per unit of downside risk
-0.54
-0.62

+0.07

Omega ratioGain probability vs. loss probability

0.94

0.93

+0.01

Calmar ratioReturn relative to maximum drawdown

-0.38

-0.35

-0.02

Martin ratioReturn relative to average drawdown

-0.67

-0.67

0.00

KTEC vs. KWEB - Sharpe Ratio Comparison

The current KTEC Sharpe Ratio is -0.49, which is comparable to the KWEB Sharpe Ratio of -0.53. 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.

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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.

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Drawdown Indicators

KTECKWEBDifference

Max Drawdown

Largest peak-to-trough decline

-66.90%

-80.92%

+14.02%

Max Drawdown (1Y)

Largest decline over 1 year

-36.49%

-41.62%

+5.13%

Max Drawdown (3Y)

Largest decline over 3 years

-36.49%

-41.62%

+5.13%

Max Drawdown (5Y)

Largest decline over 5 years

-60.08%

-63.96%

+3.88%

Max Drawdown (10Y)

Largest decline over 10 years

—

-80.92%

—

Current Drawdown

Current decline from peak

-44.83%

-67.05%

+22.22%

Average Drawdown

Average peak-to-trough decline

-44.05%

-35.65%

-8.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

20.47%

21.98%

-1.51%

Volatility

KTEC vs. KWEB - Volatility Comparison

The current volatility for KraneShares Hang Seng TECH Index ETF (KTEC) is 7.27%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 7.76%. This indicates that KTEC 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

KTECKWEBDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.27%

7.76%

-0.49%

Volatility (6M)

Calculated over the trailing 6-month period

20.32%

20.68%

-0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

28.20%

27.82%

+0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

42.63%

46.99%

-4.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.75%

40.04%

+2.71%

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 3.84%, less than KWEB's 7.36% yield.

PositionTTM20252024202320222021202020192018201720162015
KTEC
KraneShares Hang Seng TECH Index ETF		3.84%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		7.36%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

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.

KWEB has higher volatility (7.76%) compared to KTEC (7.27%). In terms of maximum drawdown, KTEC dropped -66.90% vs KWEB's -80.92%.

On 5-year performance, KTEC leads with -7.23% vs -7.53% for KWEB. On fees, KTEC is cheaper at 0.69% per year. On volatility, KTEC has been the lower-risk option at 7.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KTEC has performed better with a -7.23% return vs -7.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

KWEB has the higher dividend yield at 7.36%, compared with 3.84% for KTEC.

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.

KTEC currently has the higher Sharpe Ratio (-0.49 vs -0.53), 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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