KWBE.L vs. KWEB.L
Compare and contrast key facts about KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) and KraneShares CSI China Internet ETF (KWEB.L).
KWBE.L and KWEB.L 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.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 Nov 20, 2018. Both KWBE.L and KWEB.L 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.L - Performance Comparison
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KWBE.L vs. KWEB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KWBE.L KraneShares CSI China Internet UCITS ETF EUR | -16.05% | 10.85% | 20.30% | -13.19% | -12.04% | -43.71% | 8.17% |
KWEB.L KraneShares CSI China Internet ETF | -16.79% | 10.46% | 20.95% | -12.56% | -12.92% | -45.84% | 11.92% |
Different Trading Currencies
KWBE.L is traded in EUR, while KWEB.L is traded in USD. To make them comparable, the KWEB.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with KWBE.L having a -16.05% return and KWEB.L slightly lower at -16.79%.
KWBE.L
- 1D
- 1.24%
- 1M
- -5.74%
- YTD
- -16.05%
- 6M
- -27.83%
- 1Y
- -20.28%
- 3Y*
- -1.72%
- 5Y*
- -13.89%
- 10Y*
- —
KWEB.L
- 1D
- -0.44%
- 1M
- -4.30%
- YTD
- -16.79%
- 6M
- -29.44%
- 1Y
- -19.89%
- 3Y*
- -1.26%
- 5Y*
- -15.21%
- 10Y*
- —
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KWBE.L vs. KWEB.L - Expense Ratio Comparison
Both KWBE.L and KWEB.L have an expense ratio of 0.75%.
Return for Risk
KWBE.L vs. KWEB.L — Risk / Return Rank
KWBE.L
KWEB.L
KWBE.L vs. KWEB.L - 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.L). 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.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.72 | -0.69 | -0.03 |
Sortino ratioReturn per unit of downside risk | -0.92 | -0.87 | -0.05 |
Omega ratioGain probability vs. loss probability | 0.89 | 0.90 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.57 | -0.07 |
Martin ratioReturn relative to average drawdown | -1.57 | -1.44 | -0.13 |
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.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.72 | -0.69 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.32 | -0.34 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.27 | -0.06 | -0.21 |
Correlation
The correlation between KWBE.L and KWEB.L is 0.91, 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.L - Dividend Comparison
Neither KWBE.L nor KWEB.L has paid dividends to shareholders.
Drawdowns
KWBE.L vs. KWEB.L - Drawdown Comparison
The maximum KWBE.L drawdown since its inception was -76.64%, roughly equal to the maximum KWEB.L drawdown of -76.95%. Use the drawdown chart below to compare losses from any high point for KWBE.L and KWEB.L.
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Drawdown Indicators
| KWBE.L | KWEB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.64% | -81.20% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -30.06% | -31.19% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -70.40% | -75.63% | +5.23% |
Current DrawdownCurrent decline from peak | -65.26% | -67.46% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -59.68% | -45.89% | -13.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.26% | 11.97% | +0.29% |
Volatility
KWBE.L vs. KWEB.L - Volatility Comparison
The current volatility for KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) is 8.57%, while KraneShares CSI China Internet ETF (KWEB.L) has a volatility of 9.40%. This indicates that KWBE.L experiences smaller price fluctuations and is considered to be less risky than KWEB.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWBE.L | KWEB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | 9.40% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 17.82% | -0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.18% | 28.83% | -0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.52% | 44.75% | +0.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.88% | 41.40% | +4.48% |