KWEB.L vs. CTEC.L

Last updated Apr 2, 2026

Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB.L) and ConvaTec Group plc (CTEC.L).

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.

Performance

KWEB.L vs. CTEC.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares CSI China Internet ETF (KWEB.L) and ConvaTec Group plc (CTEC.L). The values are adjusted to include any dividend payments, if applicable.

KWEB.L vs. CTEC.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
KWEB.L KraneShares CSI China Internet ETF	-17.53%	25.34%	13.46%	-9.86%	-18.00%	-49.61%	61.62%	25.51%	-2.77%
CTEC.L ConvaTec Group plc	-10.72%	20.63%	-9.27%	13.04%	9.84%	-1.98%	6.00%	53.03%	-12.83%

Different Trading Currencies

KWEB.L is traded in USD, while CTEC.L is traded in GBp. To make them comparable, the CTEC.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, KWEB.L achieves a -17.53% return, which is significantly lower than CTEC.L's -10.72% return.

KWEB.L

• 1D: 1.76%
• 1M: -6.64%
• YTD: -17.53%
• 6M: -28.79%
• 1Y: -14.72%
• 3Y*: 0.65%
• 5Y*: -15.41%
• 10Y*: —

CTEC.L

• 1D: 2.62%
• 1M: -11.47%
• YTD: -10.72%
• 6M: -7.43%
• 1Y: -11.08%
• 3Y*: 3.28%
• 5Y*: 3.53%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

KWEB.L vs. CTEC.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KWEB.L

KWEB.L Risk / Return Rank: 4
KWEB.L Sharpe Ratio Rank: 4
KWEB.L Sortino Ratio Rank: 4
KWEB.L Omega Ratio Rank: 4
KWEB.L Calmar Ratio Rank: 5
KWEB.L Martin Ratio Rank: 3

CTEC.L

CTEC.L Risk / Return Rank: 22
CTEC.L Sharpe Ratio Rank: 20
CTEC.L Sortino Ratio Rank: 19
CTEC.L Omega Ratio Rank: 19
CTEC.L Calmar Ratio Rank: 24
CTEC.L Martin Ratio Rank: 27

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.

KWEB.L vs. CTEC.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB.L) and ConvaTec Group plc (CTEC.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.

	KWEB.L	CTEC.L	Difference
Sharpe ratio Return per unit of total volatility	-0.51	-0.35	-0.16
Sortino ratio Return per unit of downside risk	-0.57	-0.30	-0.28
Omega ratio Gain probability vs. loss probability	0.93	0.96	-0.03
Calmar ratio Return relative to maximum drawdown	-0.45	-0.39	-0.05
Martin ratio Return relative to average drawdown	-1.15	-0.62	-0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KWEB.L vs. CTEC.L - Sharpe Ratio Comparison

The current KWEB.L Sharpe Ratio is -0.51, which is lower than the CTEC.L Sharpe Ratio of -0.35. The chart below compares the historical Sharpe Ratios of KWEB.L and CTEC.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KWEB.L	CTEC.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.51	-0.35	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.33	0.12	-0.45
Sharpe Ratio (All Time) Calculated using the full available price history	-0.05	0.08	-0.12

Correlation

The correlation between KWEB.L and CTEC.L is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KWEB.L vs. CTEC.L - Dividend Comparison

KWEB.L has not paid dividends to shareholders, while CTEC.L's dividend yield for the trailing twelve months is around 2.29%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KWEB.L KraneShares CSI China Internet ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CTEC.L ConvaTec Group plc	2.29%	2.07%	2.23%	2.06%	1.97%	2.11%	2.21%	2.27%	3.17%	0.52%

Drawdowns

KWEB.L vs. CTEC.L - Drawdown Comparison

The maximum KWEB.L drawdown since its inception was -81.20%, which is greater than CTEC.L's maximum drawdown of -64.67%. Use the drawdown chart below to compare losses from any high point for KWEB.L and CTEC.L.

Drawdown Indicators

	KWEB.L	CTEC.L	Difference
Max Drawdown Largest peak-to-trough decline	-81.20%	-64.62%	-16.58%
Max Drawdown (1Y) Largest decline over 1 year	-31.19%	-26.66%	-4.53%
Max Drawdown (5Y) Largest decline over 5 years	-75.63%	-36.12%	-39.51%
Current Drawdown Current decline from peak	-67.17%	-25.23%	-41.94%
Average Drawdown Average peak-to-trough decline	-45.88%	-29.03%	-16.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.12%	17.29%	-5.17%

Volatility

KWEB.L vs. CTEC.L - Volatility Comparison

KraneShares CSI China Internet ETF (KWEB.L) has a higher volatility of 9.37% compared to ConvaTec Group plc (CTEC.L) at 8.84%. This indicates that KWEB.L's price experiences larger fluctuations and is considered to be riskier than CTEC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KWEB.L	CTEC.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.37%	8.84%	+0.53%
Volatility (6M) Calculated over the trailing 6-month period	17.79%	20.47%	-2.68%
Volatility (1Y) Calculated over the trailing 1-year period	28.69%	31.30%	-2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.06%	29.78%	+16.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.33%	33.91%	+8.42%