VNQI vs. KWEB
VNQI (Vanguard Global ex-U.S. Real Estate ETF) and KWEB (KraneShares CSI China Internet ETF) are both exchange-traded funds - VNQI is a REIT fund tracking the S&P Global ex-U.S. Property Index, while KWEB is a China Equities fund tracking the CSI Overseas China Internet Index. Both are passively managed. Over the past 10 years, VNQI returned 2.74%/yr vs 0.12%/yr for KWEB. A 0.51 correlation means they provide meaningful diversification when combined. VNQI charges 0.12%/yr vs 0.70%/yr for KWEB.
Performance
VNQI vs. KWEB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VNQI achieves a -0.33% return, which is significantly higher than KWEB's -22.20% return. Over the past 10 years, VNQI has outperformed KWEB with an annualized return of 2.74%, while KWEB has yielded a comparatively lower 0.12% annualized return.
VNQI
- 1D
- 0.68%
- 1M
- -2.33%
- YTD
- -0.33%
- 6M
- 0.85%
- 1Y
- 7.10%
- 3Y*
- 8.59%
- 5Y*
- -1.50%
- 10Y*
- 2.74%
KWEB
- 1D
- -0.30%
- 1M
- -9.28%
- YTD
- -22.20%
- 6M
- -23.82%
- 1Y
- -17.34%
- 3Y*
- 1.28%
- 5Y*
- -14.40%
- 10Y*
- 0.12%
VNQI vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNQI Vanguard Global ex-U.S. Real Estate ETF | -0.33% | 21.38% | -2.22% | 6.99% | -22.94% | 5.93% | -7.22% | 21.59% | -9.44% | 26.91% |
KWEB KraneShares CSI China Internet ETF | -22.20% | 23.55% | 12.01% | -9.06% | -17.24% | -49.01% | 58.23% | 29.92% | -33.80% | 69.73% |
Correlation
The correlation between VNQI and KWEB is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Aug 1, 2013 | 0.51 |
The correlation between VNQI and KWEB shifts across timeframes, from 0.38 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VNQI vs. KWEB — Risk / Return Rank
VNQI
KWEB
VNQI vs. KWEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Global ex-U.S. Real Estate ETF (VNQI) 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.
| VNQI | KWEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.63 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 0.90 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | -0.55 | +0.95 |
| Martin ratioReturn relative to average drawdown | 1.13 | -1.09 | +2.22 |
Loading charts...
Drawdowns
VNQI vs. KWEB - Drawdown Comparison
The maximum VNQI drawdown since its inception was -38.35%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for VNQI and KWEB.
Loading charts...
Drawdown Indicators
| VNQI | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.35% | -80.92% | +42.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.78% | -35.46% | +20.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.35% | -35.46% | +19.11% |
Max Drawdown (5Y)Largest decline over 5 years | -35.00% | -72.17% | +37.17% |
Max Drawdown (10Y)Largest decline over 10 years | -38.35% | -80.92% | +42.57% |
Current DrawdownCurrent decline from peak | -9.99% | -69.36% | +59.37% |
Average DrawdownAverage peak-to-trough decline | -10.89% | -35.30% | +24.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 17.80% | -12.61% |
Volatility
VNQI vs. KWEB - Volatility Comparison
The current volatility for Vanguard Global ex-U.S. Real Estate ETF (VNQI) is 4.62%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 9.39%. This indicates that VNQI experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VNQI | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 9.39% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.75% | 20.21% | -8.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.73% | 27.20% | -13.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.54% | 47.66% | -32.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.07% | 39.98% | -23.91% |
VNQI vs. KWEB - Expense Ratio Comparison
VNQI has a 0.12% expense ratio, which is lower than KWEB's 0.70% expense ratio.
Dividends
VNQI vs. KWEB - Dividend Comparison
VNQI's dividend yield for the trailing twelve months is around 4.72%, less than KWEB's 7.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KWEB KraneShares CSI China Internet ETF | 7.91% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
VNQI Vanguard Global ex-U.S. Real Estate ETF | 4.72% | 4.70% | 5.16% | 3.74% | 0.57% | 6.48% | 0.93% | 7.58% | 4.62% | 3.86% | 5.18% | 2.86% |
Frequently Asked Questions
VNQI and KWEB have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KWEB has higher volatility (9.39%) compared to VNQI (4.62%). In terms of maximum drawdown, VNQI dropped -38.35% vs KWEB's -80.92%.
On 10-year performance, VNQI leads with 2.74% vs 0.12% for KWEB. On fees, VNQI is cheaper at 0.12% per year. On volatility, VNQI has been the lower-risk option at 4.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, VNQI has performed better with a 2.74% return vs 0.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VNQI is cheaper with a 0.12% expense ratio, compared with 0.70% for KWEB.
KWEB has the higher dividend yield at 7.91%, compared with 4.72% for VNQI.
VNQI is categorized as REIT, while KWEB is China Equities. VNQI tracks S&P Global ex-U.S. Property Index, while KWEB tracks CSI Overseas China Internet Index. They also come from different issuers: Vanguard and KraneShares. Their fees differ too: 0.12% for VNQI and 0.70% for KWEB.
VNQI currently has the higher Sharpe Ratio (0.43 vs -0.71), 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.
Find the right allocation for VNQI and KWEB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer