KWBE.L vs. KWEB
Compare and contrast key facts about KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) and KraneShares CSI China Internet ETF (KWEB).
KWBE.L and KWEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWBE.L is a passively managed fund by Waystone Management that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Sep 30, 2020. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both KWBE.L and KWEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KWBE.L vs. KWEB - Performance Comparison
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KWBE.L vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KWBE.L KraneShares CSI China Internet UCITS ETF EUR | -16.90% | 10.85% | 20.30% | -13.19% | -12.04% | -43.71% | 8.17% |
KWEB KraneShares CSI China Internet ETF | -16.01% | 8.88% | 19.41% | -11.78% | -12.11% | -45.20% | 8.78% |
Different Trading Currencies
KWBE.L is traded in EUR, while KWEB is traded in USD. To make them comparable, the KWEB values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, KWBE.L achieves a -16.90% return, which is significantly lower than KWEB's -16.01% return.
KWBE.L
- 1D
- -1.01%
- 1M
- -4.44%
- YTD
- -16.90%
- 6M
- -29.90%
- 1Y
- -20.06%
- 3Y*
- -1.55%
- 5Y*
- -14.06%
- 10Y*
- —
KWEB
- 1D
- -0.29%
- 1M
- -5.16%
- YTD
- -16.01%
- 6M
- -29.50%
- 1Y
- -19.99%
- 3Y*
- -1.62%
- 5Y*
- -15.26%
- 10Y*
- -0.21%
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KWBE.L vs. KWEB - Expense Ratio Comparison
KWBE.L has a 0.75% expense ratio, which is lower than KWEB's 0.76% expense ratio.
Return for Risk
KWBE.L vs. KWEB — Risk / Return Rank
KWBE.L
KWEB
KWBE.L vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) 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.
| KWBE.L | KWEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | -0.67 | -0.04 |
Sortino ratioReturn per unit of downside risk | -0.91 | -0.82 | -0.09 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.90 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.57 | -0.68 | +0.11 |
Martin ratioReturn relative to average drawdown | -1.43 | -1.59 | +0.15 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KWBE.L | KWEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | -0.67 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.33 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | 0.10 | -0.37 |
Correlation
The correlation between KWBE.L and KWEB is 0.78, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
KWBE.L vs. KWEB - Dividend Comparison
KWBE.L has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 7.46%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWBE.L KraneShares CSI China Internet UCITS ETF EUR | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 7.46% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
Drawdowns
KWBE.L vs. KWEB - Drawdown Comparison
The maximum KWBE.L drawdown since its inception was -76.64%, roughly equal to the maximum KWEB drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for KWBE.L and KWEB.
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Drawdown Indicators
| KWBE.L | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.64% | -80.92% | +4.28% |
Max Drawdown (1Y)Largest decline over 1 year | -30.06% | -31.36% | +1.30% |
Max Drawdown (5Y)Largest decline over 5 years | -70.40% | -75.23% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.92% | — |
Current DrawdownCurrent decline from peak | -65.62% | -67.51% | +1.89% |
Average DrawdownAverage peak-to-trough decline | -59.69% | -34.82% | -24.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.04% | 12.34% | -0.30% |
Volatility
KWBE.L vs. KWEB - Volatility Comparison
KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) and KraneShares CSI China Internet ETF (KWEB) have volatilities of 8.48% and 8.16%, 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.
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Volatility by Period
| KWBE.L | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.48% | 8.16% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 17.19% | 19.03% | -1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.16% | 30.09% | -1.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.50% | 46.17% | -0.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.87% | 39.10% | +6.77% |