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KWEB vs. KTEC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

KWEB vs. KTEC

Last updated Aug 2, 2026
Documentation

KWEB (KraneShares CSI China Internet ETF) and KTEC (KraneShares Hang Seng TECH Index ETF) are both China Equities funds from KraneShares - KWEB tracks the CSI Overseas China Internet Index while KTEC tracks the Hang Seng Tech Index. Both are passively managed. Over the past 5 years, KWEB returned -7.53%/yr vs -7.23%/yr for KTEC. Their correlation of 0.94 means they have usually moved in the same direction. KWEB charges 0.70%/yr vs 0.69%/yr for KTEC.

Performance

KWEB vs. KTEC - Performance Comparison

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

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Returns By Period

In the year-to-date period, KWEB achieves a -16.33% return, which is significantly lower than KTEC's -12.58% 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%

KTEC

1D
0.81%
1M
10.40%
6M
-14.54%
YTD
-12.58%
1Y
-11.77%
3Y*
0.64%
5Y*
-7.23%
10Y*
—
ALL TIME*
-10.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

KTEC

KraneShares Hang Seng TECH Index ETF
$941.66K$1.10M$1.04M

KWEB

KraneShares CSI China Internet ETF
$554.38M$548.17M$693.22M

KWEB vs. KTEC - Yearly Performance Comparison

2026 (YTD)20252024202320222021
KWEB
KraneShares CSI China Internet ETF		-16.33%23.55%12.01%-9.06%-17.24%-43.13%
KTEC
KraneShares Hang Seng TECH Index ETF		-12.58%21.01%16.13%-10.41%-26.12%-29.98%

Correlation

The correlation between KWEB and KTEC is 0.94, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.94

Correlation (3Y)
Balances recent behavior with more history.

0.93

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.94

Correlation (All Time)
Calculated using the full available price history since Jun 9, 2021

0.94

The correlation between KWEB and KTEC has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

KWEB vs. KTEC - Sectors Allocation Comparison

Sectors
KWEB
KTEC

Consumer Cyclical

36.4%
43.0%

Communication Services

32.4%
30.4%

Technology

11.8%
24.7%

Healthcare

6.0%
1.9%

Industrials

4.5%
8.6%

Real Estate

4.0%

-

Consumer Defensive

3.0%

-

Financial Services

1.8%

-

Basic Materials

-

-

Energy

-

-

Utilities

-

-

Consumer Cyclical

KWEB
36.4%
KTEC
43.0%

Communication Services

KWEB
32.4%
KTEC
30.4%

Technology

KWEB
11.8%
KTEC
24.7%

Healthcare

KWEB
6.0%
KTEC
1.9%

Industrials

KWEB
4.5%
KTEC
8.6%

Real Estate

KWEB
4.0%
KTEC

-

Consumer Defensive

KWEB
3.0%
KTEC

-

Financial Services

KWEB
1.8%
KTEC

-

Basic Materials

KWEB

-

KTEC

-

Energy

KWEB

-

KTEC

-

Utilities

KWEB

-

KTEC

-

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

KraneShares Hang Seng TECH Index ETF

Often compared with KWEB:
KWEB vs. CQQQKWEB vs. FXIKWEB vs. MCHIKWEB vs. CWEBKWEB vs. KLIPKWEB vs. YINNKWEB vs. GXC
Often compared with KTEC:
KTEC vs. MCHIKTEC vs. ^HSIKTEC vs. TCHIKTEC vs. HSTE.LKTEC vs. FDVKTEC vs. WEXKTEC vs. OBOR

Return for Risk

KWEB vs. KTEC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
KWEB
KWEB Risk / Return Rank: 55
Overall Rank
KWEB Sharpe Ratio Rank: 55
Sharpe Ratio Rank
KWEB Sortino Ratio Rank: 55
Sortino Ratio Rank
KWEB Omega Ratio Rank: 55
Omega Ratio Rank
KWEB Calmar Ratio Rank: 66
Calmar Ratio Rank
KWEB Martin Ratio Rank: 66
Martin Ratio Rank
KTEC
KTEC Risk / Return Rank: 66
Overall Rank
KTEC Sharpe Ratio Rank: 55
Sharpe Ratio Rank
KTEC Sortino Ratio Rank: 55
Sortino Ratio Rank
KTEC Omega Ratio Rank: 55
Omega Ratio Rank
KTEC Calmar Ratio Rank: 66
Calmar Ratio Rank
KTEC Martin Ratio Rank: 66
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

KWEB vs. KTEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares CSI China Internet ETF (KWEB) and KraneShares Hang Seng TECH Index ETF (KTEC). 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.

KWEBKTECDifference
Sharpe ratioReturn per unit of total volatility
-0.53
-0.49

-0.05

Sortino ratioReturn per unit of downside risk
-0.62
-0.54

-0.07

Omega ratioGain probability vs. loss probability

0.93

0.94

-0.01

Calmar ratioReturn relative to maximum drawdown

-0.35

-0.38

+0.02

Martin ratioReturn relative to average drawdown

-0.67

-0.67

0.00

KWEB vs. KTEC - Sharpe Ratio Comparison

The current KWEB Sharpe Ratio is -0.53, which is comparable to the KTEC Sharpe Ratio of -0.49. The chart below compares the historical Sharpe Ratios of KWEB and KTEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

KWEB vs. KTEC - Drawdown Comparison

The maximum KWEB drawdown since its inception was -80.92%, which is greater than KTEC's maximum drawdown of -66.90%. Use the drawdown chart below to compare losses from any high point for KWEB and KTEC.

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Drawdown Indicators

KWEBKTECDifference

Max Drawdown

Largest peak-to-trough decline

-80.92%

-66.90%

-14.02%

Max Drawdown (1Y)

Largest decline over 1 year

-41.62%

-36.49%

-5.13%

Max Drawdown (3Y)

Largest decline over 3 years

-41.62%

-36.49%

-5.13%

Max Drawdown (5Y)

Largest decline over 5 years

-63.96%

-60.08%

-3.88%

Max Drawdown (10Y)

Largest decline over 10 years

-80.92%

—

—

Current Drawdown

Current decline from peak

-67.05%

-44.83%

-22.22%

Average Drawdown

Average peak-to-trough decline

-35.65%

-44.05%

+8.40%

Ulcer Index

Depth and duration of drawdowns from previous peaks

21.98%

20.47%

+1.51%

Volatility

KWEB vs. KTEC - Volatility Comparison

KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 7.76% compared to KraneShares Hang Seng TECH Index ETF (KTEC) at 7.27%. This indicates that KWEB's price experiences larger fluctuations and is considered to be riskier than KTEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

KWEBKTECDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.76%

7.27%

+0.49%

Volatility (6M)

Calculated over the trailing 6-month period

20.68%

20.32%

+0.36%

Volatility (1Y)

Calculated over the trailing 1-year period

27.82%

28.20%

-0.38%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

46.99%

42.63%

+4.36%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

40.04%

42.75%

-2.71%

KWEB vs. KTEC - Expense Ratio Comparison

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

Dividends

KWEB vs. KTEC - Dividend Comparison

KWEB's dividend yield for the trailing twelve months is around 7.36%, more than KTEC's 3.84% yield.

PositionTTM20252024202320222021202020192018201720162015
KTEC
KraneShares Hang Seng TECH Index ETF		3.84%3.36%0.27%0.81%0.16%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

With a correlation of 0.94, KWEB and KTEC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

KWEB has higher volatility (7.76%) compared to KTEC (7.27%). In terms of maximum drawdown, KWEB dropped -80.92% vs KTEC's -66.90%.

On 5-year performance, KTEC leads with -7.23% vs -7.53% for KWEB. On fees, KTEC is cheaper at 0.69% per year. On volatility, KTEC has been the lower-risk option at 7.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, KTEC has performed better with a -7.23% return vs -7.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

KWEB has the higher dividend yield at 7.36%, compared with 3.84% for KTEC.

KWEB tracks CSI Overseas China Internet Index, while KTEC tracks Hang Seng Tech Index. Their fees differ too: 0.70% for KWEB and 0.69% for KTEC.

KTEC currently has the higher Sharpe Ratio (-0.49 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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