KWEB vs. XBI
Compare and contrast key facts about KraneShares CSI China Internet ETF (KWEB) and SPDR S&P Biotech ETF (XBI).
KWEB and XBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. Both KWEB and XBI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KWEB or XBI.
Performance
KWEB vs. XBI - Performance Comparison
Returns By Period
In the year-to-date period, KWEB achieves a 13.70% return, which is significantly higher than XBI's 5.76% return. Over the past 10 years, KWEB has underperformed XBI with an annualized return of -0.39%, while XBI has yielded a comparatively higher 4.95% annualized return.
KWEB
13.70%
-5.97%
2.57%
11.05%
-5.82%
-0.39%
XBI
5.76%
-4.04%
5.72%
29.73%
1.44%
4.95%
Key characteristics
| KWEB | XBI | |
|---|---|---|
| Sharpe Ratio | 0.31 | 1.18 |
| Sortino Ratio | 0.74 | 1.73 |
| Omega Ratio | 1.09 | 1.21 |
| Calmar Ratio | 0.15 | 0.54 |
| Martin Ratio | 0.92 | 3.96 |
| Ulcer Index | 12.73% | 7.86% |
| Daily Std Dev | 38.16% | 26.34% |
| Max Drawdown | -80.92% | -63.89% |
| Current Drawdown | -67.64% | -45.70% |
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KWEB vs. XBI - Expense Ratio Comparison
KWEB has a 0.76% expense ratio, which is higher than XBI's 0.35% expense ratio.
Correlation
The correlation between KWEB and XBI is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
KWEB vs. XBI - 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 Biotech ETF (XBI). 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.
Dividends
KWEB vs. XBI - Dividend Comparison
KWEB's dividend yield for the trailing twelve months is around 1.50%, more than XBI's 0.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 1.50% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
XBI SPDR S&P Biotech ETF | 0.15% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
Drawdowns
KWEB vs. XBI - Drawdown Comparison
The maximum KWEB drawdown since its inception was -80.92%, which is greater than XBI's maximum drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for KWEB and XBI. For additional features, visit the drawdowns tool.
Volatility
KWEB vs. XBI - Volatility Comparison
KraneShares CSI China Internet ETF (KWEB) has a higher volatility of 11.77% compared to SPDR S&P Biotech ETF (XBI) at 8.40%. This indicates that KWEB's price experiences larger fluctuations and is considered to be riskier than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.