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KVLE vs. KWEB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KVLE vs. KWEB

Last updated Jun 24, 2026

KVLE (KFA Value Liner Dynamic Core Equity Index ETF) and KWEB (KraneShares CSI China Internet ETF) are both exchange-traded funds - KVLE is a Large Cap Value Equities fund tracking the 3D/L Value Line Dynamic Core Equity Index, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. Both are passively managed. Over the past 5 years, KVLE returned 10.02%/yr vs -15.81%/yr for KWEB. At a 0.29 correlation, their price movements are largely independent. KVLE charges 0.56%/yr vs 0.70%/yr for KWEB.

Performance

KVLE vs. KWEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KFA Value Liner Dynamic Core Equity Index ETF (KVLE) 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, KVLE achieves a 9.27% return, which is significantly higher than KWEB's -28.08% return.

KVLE

1D
-0.36%
1M
0.18%
YTD
9.27%
6M
8.32%
1Y
17.71%
3Y*
14.36%
5Y*
10.02%
10Y*
—

KWEB

1D
-2.24%
1M
-8.99%
YTD
-28.08%
6M
-29.18%
1Y
-22.79%
3Y*
0.71%
5Y*
-15.81%
10Y*
-0.57%
*Multi-year figures are annualized to reflect compound growth (CAGR)

KVLE vs. KWEB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		9.27%9.34%18.25%10.49%-5.96%28.01%1.71%
KWEB
KraneShares CSI China Internet ETF		-28.08%23.55%12.01%-9.06%-17.24%-49.01%1.97%

Correlation

The correlation between KVLE and KWEB is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.37

Correlation (5Y)
Calculated over the trailing 5-year period

0.32

Correlation (All Time)
Calculated using the full available price history since Nov 24, 2020

0.29

KVLE vs. KWEB - Sectors Allocation Comparison

Sectors
KVLE
KWEB

Technology

31.4%
17.5%

Financial Services

12.2%
2.0%

Real Estate

11.8%
3.9%

Consumer Cyclical

9.4%
36.0%

Healthcare

9.3%
6.0%

Industrials

8.9%
3.3%

Consumer Defensive

6.6%
2.7%

Energy

4.4%

-

Communication Services

4.1%
28.4%

Basic Materials

1.3%

-

Utilities

0.6%

-

Technology

KVLE
31.4%
KWEB
17.5%

Financial Services

KVLE
12.2%
KWEB
2.0%

Real Estate

KVLE
11.8%
KWEB
3.9%

Consumer Cyclical

KVLE
9.4%
KWEB
36.0%

Healthcare

KVLE
9.3%
KWEB
6.0%

Industrials

KVLE
8.9%
KWEB
3.3%

Consumer Defensive

KVLE
6.6%
KWEB
2.7%

Energy

KVLE
4.4%
KWEB

-

Communication Services

KVLE
4.1%
KWEB
28.4%

Basic Materials

KVLE
1.3%
KWEB

-

Utilities

KVLE
0.6%
KWEB

-

Compare stocks, funds, or ETFs

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

KFA Value Liner Dynamic Core Equity Index ETF

KraneShares CSI China Internet ETF

Often compared with KVLE:
KVLE vs. SPYKVLE vs. SCHDKVLE vs. VTVKVLE vs. VOOKVLE vs. DOGGKVLE vs. KBAKVLE vs. KLIP
Often compared with KWEB:
KWEB vs. CQQQKWEB vs. FXIKWEB vs. MCHIKWEB vs. KTECKWEB vs. CWEBKWEB vs. KLIPKWEB vs. YINN

Return for Risk

KVLE vs. KWEB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
KVLE
KVLE Risk / Return Rank: 4646
Overall Rank
KVLE Sharpe Ratio Rank: 4949
Sharpe Ratio Rank
KVLE Sortino Ratio Rank: 4949
Sortino Ratio Rank
KVLE Omega Ratio Rank: 4747
Omega Ratio Rank
KVLE Calmar Ratio Rank: 3939
Calmar Ratio Rank
KVLE Martin Ratio Rank: 4646
Martin Ratio Rank
KWEB
KWEB Risk / Return Rank: 33
Overall Rank
KWEB Sharpe Ratio Rank: 22
Sharpe Ratio Rank
KWEB Sortino Ratio Rank: 33
Sortino Ratio Rank
KWEB Omega Ratio Rank: 33
Omega Ratio Rank
KWEB Calmar Ratio Rank: 44
Calmar Ratio Rank
KWEB Martin Ratio Rank: 33
Martin Ratio Rank
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.

KVLE vs. KWEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) 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.

KVLEKWEBDifference
Sharpe ratioReturn per unit of total volatility
1.58
-0.84

+2.42

Sortino ratioReturn per unit of downside risk
2.25
-1.15

+3.39

Omega ratioGain probability vs. loss probability

1.28

0.87

+0.41

Calmar ratioReturn relative to maximum drawdown

1.85

-0.58

+2.43

Martin ratioReturn relative to average drawdown

7.07

-1.22

+8.29

KVLE vs. KWEB - Sharpe Ratio Comparison

The current KVLE Sharpe Ratio is 1.58, which is higher than the KWEB Sharpe Ratio of -0.84. The chart below compares the historical Sharpe Ratios of KVLE 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

KVLE vs. KWEB - Drawdown Comparison

The maximum KVLE drawdown since its inception was -18.38%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KVLE and KWEB.

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Drawdown Indicators

KVLEKWEBDifference

Max Drawdown

Largest peak-to-trough decline

-18.38%

-80.92%

+62.54%

Max Drawdown (1Y)

Largest decline over 1 year

-9.59%

-39.49%

+29.90%

Max Drawdown (3Y)

Largest decline over 3 years

-16.39%

-39.49%

+23.10%

Max Drawdown (5Y)

Largest decline over 5 years

-18.38%

-72.17%

+53.79%

Max Drawdown (10Y)

Largest decline over 10 years

—

-80.92%

—

Current Drawdown

Current decline from peak

-1.76%

-71.68%

+69.92%

Average Drawdown

Average peak-to-trough decline

-3.19%

-35.36%

+32.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.51%

18.70%

-16.19%

Volatility

KVLE vs. KWEB - Volatility Comparison

The current volatility for KFA Value Liner Dynamic Core Equity Index ETF (KVLE) is 3.68%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 8.34%. This indicates that KVLE 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

KVLEKWEBDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.68%

8.34%

-4.66%

Volatility (6M)

Calculated over the trailing 6-month period

8.73%

20.47%

-11.74%

Volatility (1Y)

Calculated over the trailing 1-year period

11.25%

27.17%

-15.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.53%

47.70%

-33.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.33%

40.00%

-25.67%

KVLE vs. KWEB - Expense Ratio Comparison

KVLE has a 0.56% expense ratio, which is lower than KWEB's 0.70% expense ratio.

Dividends

KVLE vs. KWEB - Dividend Comparison

KVLE's dividend yield for the trailing twelve months is around 7.37%, less than KWEB's 8.56% yield.

PositionTTM20252024202320222021202020192018201720162015
KVLE
KFA Value Liner Dynamic Core Equity Index ETF		7.37%7.90%7.99%2.53%5.78%9.51%0.35%0.00%0.00%0.00%0.00%0.00%
KWEB
KraneShares CSI China Internet ETF		8.56%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

KVLE and KWEB have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KWEB has higher volatility (8.34%) compared to KVLE (3.68%). In terms of maximum drawdown, KVLE dropped -18.38% vs KWEB's -80.92%.

On 5-year performance, KVLE leads with 10.02% vs -15.81% for KWEB. On fees, KVLE is cheaper at 0.56% per year. On volatility, KVLE has been the lower-risk option at 3.68%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KVLE has performed better with a 10.02% return vs -15.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

KVLE is cheaper with a 0.56% expense ratio, compared with 0.70% for KWEB.

KWEB has the higher dividend yield at 8.56%, compared with 7.37% for KVLE.

KVLE is categorized as Large Cap Value Equities, while KWEB is China Equities. KVLE tracks 3D/L Value Line Dynamic Core Equity Index, while KWEB tracks CSI Overseas China Internet Index. They also come from different issuers: CICC and KraneShares. Their fees differ too: 0.56% for KVLE and 0.70% for KWEB.

KVLE currently has the higher Sharpe Ratio (1.58 vs -0.84), 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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