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KWEB vs. GXC
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between KWEB and GXC 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.


-0.50.00.51.00.9

Performance

KWEB vs. GXC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares CSI China Internet ETF (KWEB) and SPDR S&P China ETF (GXC). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%30.00%40.00%AugustSeptemberOctoberNovemberDecember2025
1.25%
4.99%
KWEB
GXC

Key characteristics

Sharpe Ratio

KWEB:

0.36

GXC:

0.49

Sortino Ratio

KWEB:

0.85

GXC:

0.95

Omega Ratio

KWEB:

1.10

GXC:

1.13

Calmar Ratio

KWEB:

0.19

GXC:

0.26

Martin Ratio

KWEB:

1.03

GXC:

1.34

Ulcer Index

KWEB:

13.67%

GXC:

11.48%

Daily Std Dev

KWEB:

39.26%

GXC:

31.21%

Max Drawdown

KWEB:

-80.92%

GXC:

-72.16%

Current Drawdown

KWEB:

-69.26%

GXC:

-48.13%

Returns By Period

In the year-to-date period, KWEB achieves a -3.56% return, which is significantly higher than GXC's -4.01% return. Over the past 10 years, KWEB has underperformed GXC with an annualized return of 0.15%, while GXC has yielded a comparatively higher 1.17% annualized return.


KWEB

YTD

-3.56%

1M

-10.42%

6M

1.84%

1Y

16.21%

5Y*

-9.69%

10Y*

0.15%

GXC

YTD

-4.01%

1M

-7.01%

6M

5.65%

1Y

16.96%

5Y*

-5.15%

10Y*

1.17%

*Annualized

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KWEB vs. GXC - Expense Ratio Comparison

KWEB has a 0.76% expense ratio, which is higher than GXC's 0.59% expense ratio.


Expense ratio chart for KWEB: current value at 0.76% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.76%
Expense ratio chart for GXC: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%

Risk-Adjusted Performance

KWEB vs. GXC — Risk-Adjusted Performance Rank

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

KWEB
The Risk-Adjusted Performance Rank of KWEB is 2323
Overall Rank
The Sharpe Ratio Rank of KWEB is 2121
Sharpe Ratio Rank
The Sortino Ratio Rank of KWEB is 2828
Sortino Ratio Rank
The Omega Ratio Rank of KWEB is 2727
Omega Ratio Rank
The Calmar Ratio Rank of KWEB is 1818
Calmar Ratio Rank
The Martin Ratio Rank of KWEB is 1919
Martin Ratio Rank

GXC
The Risk-Adjusted Performance Rank of GXC is 2727
Overall Rank
The Sharpe Ratio Rank of GXC is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of GXC is 3131
Sortino Ratio Rank
The Omega Ratio Rank of GXC is 3333
Omega Ratio Rank
The Calmar Ratio Rank of GXC is 2121
Calmar Ratio Rank
The Martin Ratio Rank of GXC is 2323
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

KWEB vs. GXC - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) and SPDR S&P China ETF (GXC). 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.


The chart of Sharpe ratio for KWEB, currently valued at 0.36, compared to the broader market0.002.004.000.360.49
The chart of Sortino ratio for KWEB, currently valued at 0.85, compared to the broader market-2.000.002.004.006.008.0010.000.850.95
The chart of Omega ratio for KWEB, currently valued at 1.10, compared to the broader market0.501.001.502.002.503.001.101.13
The chart of Calmar ratio for KWEB, currently valued at 0.19, compared to the broader market0.005.0010.0015.000.190.26
The chart of Martin ratio for KWEB, currently valued at 1.03, compared to the broader market0.0020.0040.0060.0080.00100.001.031.34
KWEB
GXC

The current KWEB Sharpe Ratio is 0.36, which is comparable to the GXC Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of KWEB and GXC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.50AugustSeptemberOctoberNovemberDecember2025
0.36
0.49
KWEB
GXC

Dividends

KWEB vs. GXC - Dividend Comparison

KWEB's dividend yield for the trailing twelve months is around 3.63%, more than GXC's 2.92% yield.


TTM20242023202220212020201920182017201620152014
KWEB
KraneShares CSI China Internet ETF
3.63%3.51%1.71%0.00%7.07%0.29%0.08%3.40%0.58%1.19%0.46%0.89%
GXC
SPDR S&P China ETF
2.92%2.80%3.70%2.67%1.35%1.04%1.60%2.03%1.84%2.05%2.85%2.11%

Drawdowns

KWEB vs. GXC - Drawdown Comparison

The maximum KWEB drawdown since its inception was -80.92%, which is greater than GXC's maximum drawdown of -72.16%. Use the drawdown chart below to compare losses from any high point for KWEB and GXC. For additional features, visit the drawdowns tool.


-70.00%-60.00%-50.00%-40.00%-30.00%AugustSeptemberOctoberNovemberDecember2025
-69.26%
-48.13%
KWEB
GXC

Volatility

KWEB vs. GXC - Volatility Comparison

KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 12.49% compared to SPDR S&P China ETF (GXC) at 9.80%. This indicates that KWEB's price experiences larger fluctuations and is considered to be riskier than GXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


5.00%10.00%15.00%20.00%AugustSeptemberOctoberNovemberDecember2025
12.49%
9.80%
KWEB
GXC