KWEB vs. BEKE
KWEB (KraneShares CSI China Internet ETF) is China Equities fund tracking the CSI Overseas China Internet Index, while BEKE (KE Holdings Inc.) is a stock. Over the past 5 years, KWEB returned -7.53%/yr vs -3.65%/yr for BEKE. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
KWEB vs. BEKE - Performance Comparison
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Returns By Period
In the year-to-date period, KWEB achieves a -16.33% return, which is significantly lower than BEKE's 9.54% return.
KWEB
- 1D
- 1.53%
- 1M
- 14.01%
- 6M
- -19.47%
- YTD
- -16.33%
- 1Y
- -12.39%
- 3Y*
- 0.77%
- 5Y*
- -7.53%
- 10Y*
- 0.31%
- ALL TIME*
- 2.65%
BEKE
- 1D
- -0.24%
- 1M
- 12.33%
- 6M
- -7.78%
- YTD
- 9.54%
- 1Y
- -5.14%
- 3Y*
- 1.26%
- 5Y*
- -3.65%
- 10Y*
- —
- ALL TIME*
- -10.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BEKE KE Holdings Inc. | $56.49M | $58.46M | $76.98M |
| $554.38M | $548.17M | $693.22M |
KWEB vs. BEKE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | -16.33% | 23.55% | 12.01% | -9.06% | -17.24% | -49.01% | 13.83% |
BEKE KE Holdings Inc. | 9.54% | -12.65% | 16.49% | 17.37% | -30.62% | -67.31% | 75.53% |
Correlation
The correlation between KWEB and BEKE is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2020 | 0.68 |
The correlation between KWEB and BEKE shifts across timeframes, from 0.55 (1 year) to 0.71 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
KWEB vs. BEKE — Risk / Return Rank
KWEB
BEKE
KWEB vs. BEKE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) and KE Holdings Inc. (BEKE). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KWEB | BEKE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.00 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | -0.22 | -0.14 |
| Martin ratioReturn relative to average drawdown | -0.67 | -0.39 | -0.28 |
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Drawdowns
KWEB vs. BEKE - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, smaller than the maximum BEKE drawdown of -88.26%. Use the drawdown chart below to compare losses from any high point for KWEB and BEKE.
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Drawdown Indicators
| KWEB | BEKE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.92% | -88.26% | +7.34% |
Max Drawdown (1Y)Largest decline over 1 year | -41.62% | -28.66% | -12.96% |
Max Drawdown (3Y)Largest decline over 3 years | -41.62% | -42.53% | +0.91% |
Max Drawdown (5Y)Largest decline over 5 years | -63.96% | -64.09% | +0.13% |
Max Drawdown (10Y)Largest decline over 10 years | -80.92% | — | — |
Current DrawdownCurrent decline from peak | -67.05% | -76.19% | +9.14% |
Average DrawdownAverage peak-to-trough decline | -35.65% | -68.13% | +32.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.98% | 16.00% | +5.98% |
Volatility
KWEB vs. BEKE - Volatility Comparison
The current volatility for KraneShares CSI China Internet ETF (KWEB) is 7.76%, while KE Holdings Inc. (BEKE) has a volatility of 9.84%. This indicates that KWEB experiences smaller price fluctuations and is considered to be less risky than BEKE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWEB | BEKE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.76% | 9.84% | -2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 20.68% | 27.90% | -7.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.82% | 36.24% | -8.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.99% | 71.22% | -24.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 40.04% | 73.62% | -33.58% |
Dividends
KWEB vs. BEKE - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 7.36%, more than BEKE's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEKE KE Holdings Inc. | 1.63% | 2.28% | 1.91% | 1.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KWEB KraneShares CSI China Internet ETF | 7.36% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
Frequently Asked Questions
KWEB and BEKE have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEKE has higher volatility (9.84%) compared to KWEB (7.76%). In terms of maximum drawdown, KWEB dropped -80.92% vs BEKE's -88.26%.
BEKE currently has the higher Sharpe Ratio (-0.17 vs -0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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