KWIN vs. KWEB
KWIN (KraneShares Wahed Alternative Income Index ETF) and KWEB (KraneShares CSI China Internet ETF) are both exchange-traded funds - KWIN is a Large Cap Value Equities fund tracking the Wahed Alternative Income Index, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. Both are passively managed. At a 0.05 correlation, their price movements are largely independent. KWIN charges 0.51%/yr vs 0.70%/yr for KWEB.
Performance
KWIN vs. KWEB - Performance Comparison
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Returns By Period
In the year-to-date period, KWIN achieves a 1.30% return, which is significantly higher than KWEB's -28.14% return.
KWIN
- 1D
- -0.21%
- 1M
- -0.09%
- YTD
- 1.30%
- 6M
- 1.11%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KWEB
- 1D
- 0.70%
- 1M
- -8.45%
- YTD
- -28.14%
- 6M
- -28.85%
- 1Y
- -24.38%
- 3Y*
- 0.47%
- 5Y*
- -15.56%
- 10Y*
- -0.84%
KWIN vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KWIN KraneShares Wahed Alternative Income Index ETF | 1.30% | 0.61% |
KWEB KraneShares CSI China Internet ETF | -28.14% | -7.49% |
Correlation
The correlation between KWIN and KWEB is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.05 |
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Return for Risk
KWIN vs. KWEB — Risk / Return Rank
KWIN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KWEB
KWIN vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Wahed Alternative Income Index ETF (KWIN) and KraneShares CSI China Internet ETF (KWEB). 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.
| KWIN | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 0.86 | — |
| Calmar ratioReturn relative to maximum drawdown | — | -0.59 | — |
| Martin ratioReturn relative to average drawdown | — | -1.25 | — |
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Drawdowns
KWIN vs. KWEB - Drawdown Comparison
The maximum KWIN drawdown since its inception was -0.93%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for KWIN and KWEB.
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Drawdown Indicators
| KWIN | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.93% | -80.92% | +79.99% |
Max Drawdown (1Y)Largest decline over 1 year | — | -41.62% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -41.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -70.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.92% | — |
Current DrawdownCurrent decline from peak | -0.27% | -71.70% | +71.43% |
Average DrawdownAverage peak-to-trough decline | -0.21% | -35.42% | +35.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.54% | — |
Volatility
KWIN vs. KWEB - Volatility Comparison
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Volatility by Period
| KWIN | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 8.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 20.68% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.31% | 27.18% | -23.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.31% | 47.70% | -44.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.31% | 40.00% | -36.69% |
KWIN vs. KWEB - Expense Ratio Comparison
KWIN has a 0.51% expense ratio, which is lower than KWEB's 0.70% expense ratio.
Dividends
KWIN vs. KWEB - Dividend Comparison
KWIN has not paid dividends to shareholders, while KWEB's dividend yield for the trailing twelve months is around 8.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 8.57% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
KWIN KraneShares Wahed Alternative Income Index 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% |
Frequently Asked Questions
KWIN and KWEB have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KWIN is cheaper with a 0.51% expense ratio, compared with 0.70% for KWEB.
KWEB has the higher dividend yield at 8.57%, compared with 0.00% for KWIN.
KWIN is categorized as Large Cap Value Equities, while KWEB is China Equities. KWIN tracks Wahed Alternative Income Index, while KWEB tracks CSI Overseas China Internet Index. Their fees differ too: 0.51% for KWIN and 0.70% for KWEB.
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