KWEB vs. KLXY

Last updated Jun 6, 2026

KWEB (KraneShares CSI China Internet ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - KWEB is a China Equities fund tracking the CSI Overseas China Internet Index, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. At a 0.42 correlation, their price movements are largely independent. KWEB charges 0.70%/yr vs 0.69%/yr for KLXY.

Performance

KWEB vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares CSI China Internet ETF (KWEB) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KWEB

• 1D: -2.76%
• 1M: -11.36%
• YTD: -22.53%
• 6M: -25.55%
• 1Y: -18.21%
• 3Y*: 2.02%
• 5Y*: -14.81%
• 10Y*: -0.39%

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KWEB vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KWEB KraneShares CSI China Internet ETF	-22.53%	23.55%	12.01%	-0.74%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between KWEB and KLXY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.42

The correlation between KWEB and KLXY shifts across timeframes, from 0.25 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

KWEB vs. KLXY - Sectors Allocation Comparison

Sectors	KWEB	KLXY
Consumer Cyclical	37.7%	73.2%
Communication Services	24.8%	-
Technology	17.6%	-
Healthcare	6.0%	4.9%
Real Estate	5.2%	-
Industrials	3.1%	-
Consumer Defensive	3.1%	21.8%
Financial Services	2.2%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

KWEB vs. KLXY — Risk / Return Rank

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

KWEB

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

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 vs. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) and Kraneshares Global Luxury Index ETF (KLXY). 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	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	-0.67	—	—
Sortino ratio: Return per unit of downside risk	-0.85	—	—
Omega ratio: Gain probability vs. loss probability	0.90	—	—
Calmar ratio: Return relative to maximum drawdown	-0.52	—	—
Martin ratio: Return relative to average drawdown	-1.07	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	KWEB	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.67	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.31	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	—	—

Drawdowns

Drawdown Indicators

	KWEB	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-80.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-34.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-34.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-72.17%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-80.92%	—	—
Current Drawdown Current decline from peak	-69.49%	—	—
Average Drawdown Average peak-to-trough decline	-35.26%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	17.12%	—	—

Volatility

Volatility by Period

	KWEB	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.79%	—	—
Volatility (6M) Calculated over the trailing 6-month period	20.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	27.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.66%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.99%	—	—

KWEB vs. KLXY - Expense Ratio Comparison

KWEB has a 0.70% expense ratio, which is higher than KLXY's 0.69% expense ratio.

Dividends

KWEB vs. KLXY - Dividend Comparison

KWEB's dividend yield for the trailing twelve months is around 7.95%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KWEB KraneShares CSI China Internet ETF	7.95%	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

Can I hold both KWEB and KLXY in my portfolio?

KWEB and KLXY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KWEB or KLXY?

On fees, KLXY is cheaper at 0.69% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KWEB or KLXY?

KLXY is cheaper with a 0.69% expense ratio, compared with 0.70% for KWEB.

Which ETF pays a higher dividend yield, KWEB or KLXY?

KWEB has the higher dividend yield at 7.95%, compared with 0.85% for KLXY.

What is the main difference between KWEB and KLXY?

KWEB is categorized as China Equities, while KLXY is Consumer Discretionary Equities. KWEB tracks CSI Overseas China Internet Index, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. Their fees differ too: 0.70% for KWEB and 0.69% for KLXY.