KWBP.L vs. KWBE.L
Compare and contrast key facts about KraneShares CSI China Internet UCITS ETF GBP (KWBP.L) and KraneShares CSI China Internet UCITS ETF EUR (KWBE.L).
KWBP.L and KWBE.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWBP.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 Oct 1, 2020. 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. Both KWBP.L and KWBE.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
KWBP.L vs. KWBE.L - Performance Comparison
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KWBP.L vs. KWBE.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KWBP.L KraneShares CSI China Internet UCITS ETF GBP | -17.08% | 16.32% | 15.36% | -14.43% | -7.71% | -48.70% | 10.03% |
KWBE.L KraneShares CSI China Internet UCITS ETF EUR | -16.84% | 16.79% | 14.83% | -14.93% | -7.49% | -47.56% | 7.58% |
Different Trading Currencies
KWBP.L is traded in GBP, while KWBE.L is traded in EUR. To make them comparable, the KWBE.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with KWBP.L having a -17.08% return and KWBE.L slightly higher at -16.84%.
KWBP.L
- 1D
- -1.04%
- 1M
- -4.55%
- YTD
- -17.08%
- 6M
- -30.02%
- 1Y
- -16.87%
- 3Y*
- -1.78%
- 5Y*
- -14.64%
- 10Y*
- —
KWBE.L
- 1D
- -0.86%
- 1M
- -4.12%
- YTD
- -16.84%
- 6M
- -29.86%
- 1Y
- -16.44%
- 3Y*
- -1.74%
- 5Y*
- -13.72%
- 10Y*
- —
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KWBP.L vs. KWBE.L - Expense Ratio Comparison
Both KWBP.L and KWBE.L have an expense ratio of 0.75%.
Return for Risk
KWBP.L vs. KWBE.L — Risk / Return Rank
KWBP.L
KWBE.L
KWBP.L vs. KWBE.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet UCITS ETF GBP (KWBP.L) and KraneShares CSI China Internet UCITS ETF EUR (KWBE.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.
| KWBP.L | KWBE.L | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.63 | -0.60 | -0.02 |
Sortino ratioReturn per unit of downside risk | -0.77 | -0.73 | -0.04 |
Omega ratioGain probability vs. loss probability | 0.91 | 0.91 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | -0.48 | -0.48 | +0.01 |
Martin ratioReturn relative to average drawdown | -1.19 | -1.20 | +0.01 |
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
| KWBP.L | KWBE.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.63 | -0.60 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.33 | -0.31 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.28 | -0.29 | +0.01 |
Correlation
The correlation between KWBP.L and KWBE.L is 0.92, 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
KWBP.L vs. KWBE.L - Dividend Comparison
Neither KWBP.L nor KWBE.L has paid dividends to shareholders.
Drawdowns
KWBP.L vs. KWBE.L - Drawdown Comparison
The maximum KWBP.L drawdown since its inception was -76.46%, roughly equal to the maximum KWBE.L drawdown of -76.51%. Use the drawdown chart below to compare losses from any high point for KWBP.L and KWBE.L.
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Drawdown Indicators
| KWBP.L | KWBE.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.46% | -76.64% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.02% | -30.06% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -69.68% | -70.40% | +0.72% |
Current DrawdownCurrent decline from peak | -65.32% | -65.62% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -56.02% | -59.69% | +3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.03% | 12.04% | -0.01% |
Volatility
KWBP.L vs. KWBE.L - Volatility Comparison
The current volatility for KraneShares CSI China Internet UCITS ETF GBP (KWBP.L) is 7.91%, while KraneShares CSI China Internet UCITS ETF EUR (KWBE.L) has a volatility of 8.36%. This indicates that KWBP.L experiences smaller price fluctuations and is considered to be less risky than KWBE.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWBP.L | KWBE.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.91% | 8.36% | -0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 16.67% | 16.98% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.82% | 27.11% | -0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 44.52% | 45.40% | -0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.78% | 45.79% | -2.01% |