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KWEB.L vs. FXC.L
Performance
Return for Risk
Dividends
Drawdowns
Volatility

KWEB.L vs. FXC.L

Last updated Apr 2, 2026

Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB.L) and iShares China Large Cap UCITS (FXC.L).

KWEB.L and FXC.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FXC.L is a passively managed fund by iShares that tracks the performance of the MSCI China NR USD. It was launched on Oct 21, 2004. Both KWEB.L and FXC.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

KWEB.L vs. FXC.L - Performance Comparison

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

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

2026 (YTD)20252024202320222021202020192018
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%
FXC.L
iShares China Large Cap UCITS		-6.76%29.59%31.55%-13.53%-20.23%-19.62%10.91%14.58%-0.45%
Different Trading Currencies

KWEB.L is traded in USD, while FXC.L is traded in GBp. To make them comparable, the FXC.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 FXC.L's -6.76% 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*
—

FXC.L

1D
0.93%
1M
-2.64%
YTD
-6.76%
6M
-12.43%
1Y
2.51%
3Y*
9.92%
5Y*
-2.74%
10Y*
3.86%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

KraneShares CSI China Internet ETF

iShares China Large Cap UCITS

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Often compared with FXC.L:
FXC.L vs. FRCH.LFXC.L vs. XCX6.LFXC.L vs. ASIL.LFXC.L vs. CSPX.LFXC.L vs. IWDA.LFXC.L vs. SXRV.DEFXC.L vs. IWDA.AS

KWEB.L vs. FXC.L - Expense Ratio Comparison

KWEB.L has a 0.75% expense ratio, which is higher than FXC.L's 0.74% expense ratio.

KWEB.L
KraneShares CSI China Internet ETF
FXC.L
iShares China Large Cap UCITS

Return for Risk

KWEB.L vs. FXC.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: 44
Overall Rank
KWEB.L Sharpe Ratio Rank: 44
Sharpe Ratio Rank
KWEB.L Sortino Ratio Rank: 44
Sortino Ratio Rank
KWEB.L Omega Ratio Rank: 44
Omega Ratio Rank
KWEB.L Calmar Ratio Rank: 55
Calmar Ratio Rank
KWEB.L Martin Ratio Rank: 33
Martin Ratio Rank
FXC.L
FXC.L Risk / Return Rank: 1212
Overall Rank
FXC.L Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
FXC.L Sortino Ratio Rank: 1111
Sortino Ratio Rank
FXC.L Omega Ratio Rank: 1111
Omega Ratio Rank
FXC.L Calmar Ratio Rank: 1313
Calmar Ratio Rank
FXC.L Martin Ratio Rank: 1313
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.

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

This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB.L) and iShares China Large Cap UCITS (FXC.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.LFXC.LDifference

Sharpe ratio

Return per unit of total volatility

-0.51

0.12

-0.63

Sortino ratio

Return per unit of downside risk

-0.57

0.30

-0.87

Omega ratio

Gain probability vs. loss probability

0.93

1.04

-0.11

Calmar ratio

Return relative to maximum drawdown

-0.45

0.21

-0.66

Martin ratio

Return relative to average drawdown

-1.15

0.56

-1.71

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. FXC.L - Sharpe Ratio Comparison

The current KWEB.L Sharpe Ratio is -0.51, which is lower than the FXC.L Sharpe Ratio of 0.12. The chart below compares the historical Sharpe Ratios of KWEB.L and FXC.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.

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Sharpe Ratios by Period

KWEB.LFXC.LDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.51

0.12

-0.63

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.33

-0.09

-0.24

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.15

—

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.05

0.10

-0.15

Correlation

The correlation between KWEB.L and FXC.L is 0.86, 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

KWEB.L vs. FXC.L - Dividend Comparison

KWEB.L has not paid dividends to shareholders, while FXC.L's dividend yield for the trailing twelve months is around 2.55%.

TTM20252024202320222021202020192018201720162015
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%0.00%0.00%
FXC.L
iShares China Large Cap UCITS		2.55%2.37%2.99%3.10%2.85%2.51%3.26%3.22%3.89%3.18%3.04%4.00%

Drawdowns

KWEB.L vs. FXC.L - Drawdown Comparison

The maximum KWEB.L drawdown since its inception was -81.20%, which is greater than FXC.L's maximum drawdown of -70.48%. Use the drawdown chart below to compare losses from any high point for KWEB.L and FXC.L.

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Drawdown Indicators

KWEB.LFXC.LDifference

Max Drawdown

Largest peak-to-trough decline

-81.20%

-60.51%

-20.69%

Max Drawdown (1Y)

Largest decline over 1 year

-31.19%

-14.54%

-16.65%

Max Drawdown (5Y)

Largest decline over 5 years

-75.63%

-47.53%

-28.10%

Max Drawdown (10Y)

Largest decline over 10 years

—

-53.90%

—

Current Drawdown

Current decline from peak

-67.17%

-20.86%

-46.31%

Average Drawdown

Average peak-to-trough decline

-45.88%

-18.75%

-27.13%

Ulcer Index

Depth and duration of drawdowns from previous peaks

12.12%

5.68%

+6.44%

Volatility

KWEB.L vs. FXC.L - Volatility Comparison

KraneShares CSI China Internet ETF (KWEB.L) has a higher volatility of 9.37% compared to iShares China Large Cap UCITS (FXC.L) at 5.71%. This indicates that KWEB.L's price experiences larger fluctuations and is considered to be riskier than FXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KWEB.LFXC.LDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.37%

5.71%

+3.66%

Volatility (6M)

Calculated over the trailing 6-month period

17.79%

13.44%

+4.35%

Volatility (1Y)

Calculated over the trailing 1-year period

28.69%

21.75%

+6.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

46.06%

29.84%

+16.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

42.33%

26.06%

+16.27%