KWEB vs. ISVBF
KWEB (KraneShares CSI China Internet ETF) and ISVBF (iShares MSCI China A UCITS ETF) are both China Equities funds - KWEB tracks the CSI Overseas China Internet Index while ISVBF tracks the MSCI China A Inclusion Index. Both are passively managed. Over the past 5 years, KWEB returned -14.33%/yr vs -5.16%/yr for ISVBF. At a 0.30 correlation, their price movements are largely independent. KWEB charges 0.70%/yr vs 0.40%/yr for ISVBF.
Performance
KWEB vs. ISVBF - Performance Comparison
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Returns By Period
In the year-to-date period, KWEB achieves a -20.32% return, which is significantly lower than ISVBF's -6.46% return.
KWEB
- 1D
- -0.33%
- 1M
- -4.91%
- YTD
- -20.32%
- 6M
- -22.46%
- 1Y
- -15.17%
- 3Y*
- 4.22%
- 5Y*
- -14.33%
- 10Y*
- -0.18%
ISVBF
- 1D
- -2.03%
- 1M
- -2.58%
- YTD
- -6.46%
- 6M
- -7.93%
- 1Y
- 7.29%
- 3Y*
- 9.94%
- 5Y*
- -5.16%
- 10Y*
- —
KWEB vs. ISVBF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | -20.32% | 23.55% | 12.01% | -9.06% | -17.24% | -46.05% |
ISVBF iShares MSCI China A UCITS ETF | -6.46% | 30.64% | 18.96% | -9.28% | -23.01% | -22.12% |
Correlation
The correlation between KWEB and ISVBF is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since May 6, 2021 | 0.30 |
Over the past year, KWEB and ISVBF have become more correlated (0.63) than their long-term average of 0.30, meaning their price movements have been converging.
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Return for Risk
KWEB vs. ISVBF — Risk / Return Rank
KWEB
ISVBF
KWEB vs. ISVBF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) and iShares MSCI China A UCITS ETF (ISVBF). 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 | ISVBF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.07 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 0.38 | -0.83 |
| Martin ratioReturn relative to average drawdown | -0.90 | 0.89 | -1.79 |
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
| KWEB | ISVBF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.56 | 0.24 | -0.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | -0.17 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.00 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.15 | +0.21 |
Drawdowns
KWEB vs. ISVBF - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, which is greater than ISVBF's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for KWEB and ISVBF.
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Drawdown Indicators
| KWEB | ISVBF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.92% | -53.78% | -27.14% |
Max Drawdown (1Y)Largest decline over 1 year | -34.13% | -19.18% | -14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -34.13% | -23.77% | -10.36% |
Max Drawdown (5Y)Largest decline over 5 years | -72.17% | -53.22% | -18.95% |
Max Drawdown (10Y)Largest decline over 10 years | -80.92% | — | — |
Current DrawdownCurrent decline from peak | -68.62% | -24.18% | -44.44% |
Average DrawdownAverage peak-to-trough decline | -35.25% | -32.76% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.97% | 8.21% | +8.76% |
Volatility
KWEB vs. ISVBF - Volatility Comparison
KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 11.53% compared to iShares MSCI China A UCITS ETF (ISVBF) at 10.81%. This indicates that KWEB's price experiences larger fluctuations and is considered to be riskier than ISVBF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KWEB | ISVBF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.53% | 10.81% | +0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 20.09% | 26.55% | -6.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.25% | 30.57% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.67% | 30.20% | +17.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.98% | 30.21% | +9.77% |
KWEB vs. ISVBF - Expense Ratio Comparison
KWEB has a 0.70% expense ratio, which is higher than ISVBF's 0.40% expense ratio.
Dividends
KWEB vs. ISVBF - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 7.73%, while ISVBF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISVBF iShares MSCI China A UCITS 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% |
KWEB KraneShares CSI China Internet ETF | 7.73% | 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 ISVBF have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWEB has higher volatility (11.53%) compared to ISVBF (10.81%). In terms of maximum drawdown, KWEB dropped -80.92% vs ISVBF's -53.78%.
On 5-year performance, ISVBF leads with -5.16% vs -14.33% for KWEB. On fees, ISVBF is cheaper at 0.40% per year. On volatility, ISVBF has been the lower-risk option at 10.81%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ISVBF has performed better with a -5.16% return vs -14.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISVBF is cheaper with a 0.40% expense ratio, compared with 0.70% for KWEB.
KWEB has the higher dividend yield at 7.73%, compared with 0.00% for ISVBF.
KWEB tracks CSI Overseas China Internet Index, while ISVBF tracks MSCI China A Inclusion Index. They also come from different issuers: KraneShares and iShares. Their fees differ too: 0.70% for KWEB and 0.40% for ISVBF.
ISVBF currently has the higher Sharpe Ratio (0.24 vs -0.56), 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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