ETF comparison

KWEB vs KWBE

KraneShares CSI China Internet UCITS ETF Class USD Shares
IE00BFXR7892KraneShares
KraneShares CSI China Internet UCITS ETF Class EUR
IE00BFXR7900KraneShares
Figures as of October 2, 2026 (KWEB) · October 2, 2026 (KWBE)

The comparison in short

KWEB (KraneShares CSI China Internet UCITS ETF Class USD Shares, IE00BFXR7892) and KWBE (KraneShares CSI China Internet UCITS ETF Class EUR, IE00BFXR7900) both track the CSI Overseas China Internet index. KWEB and KWBE have the same total expense ratio (TER), 0.75% a year. KWBE is the larger fund, with USD 750m in assets against USD 647,733,598 for KWEB. KWEB reports 44 holdings and KWBE 37. 10 of the holdings published by KWEB (top 10) and KWBE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 61.9%. Shared holdings include TENCENT HOLDINGS LTD, ALIBABA GROUP HOLDING LTD, PDD HOLDINGS INC, MEITUAN-CLASS B and NETEASE INC. In 2025, KWEB returned +23.8% and KWBE +9.2%, a gap of 14.6 percentage points. Returns are in each share class's currency (USD and EUR), so part of the gap reflects exchange rates. KWEB and KWBE both reinvest their income (accumulating share classes). Both are domiciled in Ireland. KWEB and KWBE both carry a risk indicator (SRRI) of 6 on the 1–7 scale. This is a factual comparison from the fund houses' documents, not investment advice.

Side by side

FigureKWEBKWBE
ISINIE00BFXR7892IE00BFXR7900
Exchange tickersKWEB, KWBEKWBE
Fund houseKraneSharesKraneShares
Total expense ratio (TER)0.75%0.75%
Ongoing charges (KID)0.75%0.75%
Fund sizeUSD 647,733,598USD 750m
Launch dateNovember 21, 2018October 1, 2020
ReplicationPhysical—
DomicileIrelandIreland
Distribution policyAccumulatingAccumulating
Share class currencyUSDEUR
Number of holdings4437
Risk indicator (SRRI)6 / 76 / 7
BenchmarkCSI Overseas China Internet IndexCSI Overseas China Internet Index

Performance

Calendar-year returns

YearKWEBKWBEDifference
2025+23.8%+9.2%+14.6
2024+13.2%+20.5%−7.3
2023−9.9%−12.9%+3.0
2022−16.4%−10.2%−6.2
2021−49.2%−45.3%−3.9
Returns as published by each fund house, in each share class's currency and net of the fund's charges. The difference is in percentage points. Past performance does not predict future returns.

Holdings

10 of the holdings published by KWEB (top 10) and KWBE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 61.9%. Shared holdings include TENCENT HOLDINGS LTD, ALIBABA GROUP HOLDING LTD, PDD HOLDINGS INC, MEITUAN-CLASS B and NETEASE INC.

Top 10 holdings of KWEB

#HoldingWeight
1
TENCENT HOLDINGS LTDIn both
10.33%
2
ALIBABA GROUP HOLDING LTDIn both
8.65%
3
PDD HOLDINGS INCIn both
8.09%
4
MEITUAN-CLASS BIn both
7.05%
5
NETEASE INCIn both
6.56%
6
LENOVO GROUP LTDIn both
6.20%
7
KE HOLDINGS INC-CL AIn both
4.44%
8
JD.COM INC-CLASS AIn both
3.93%
9
TRIP.COM GROUP LTDIn both
3.50%
10
BAIDU INC-CLASS A-HKDIn both
3.17%

Top 10 holdings of KWBE

#HoldingWeight
1
TENCENT HOLDINGS LTDIn both
10.33%
2
ALIBABA GROUP HOLDING LTDIn both
8.65%
3
PDD HOLDINGS INCIn both
8.09%
4
MEITUAN-CLASS BIn both
7.05%
5
NETEASE INCIn both
6.56%
6
LENOVO GROUP LTDIn both
6.20%
7
KE HOLDINGS INC-CL AIn both
4.44%
8
JD.COM INC-CLASS AIn both
3.93%
9
TRIP.COM GROUP LTDIn both
3.50%
10
BAIDU INC-CLASS A-HKDIn both
3.17%
Compare every published holding of KWEB and KWBE in the overlap checker

Sectors and countries

Largest sectors of KWEB

  1. Communication Services39.8%
  2. Consumer Discretionary39.6%
  3. Industrials7.6%
  4. Consumer Staples6.7%
  5. Real Estate3.8%
  6. Financials1.8%

Largest sectors of KWBE

  1. Communication Services39.8%
  2. Consumer Discretionary39.6%
  3. Industrials7.6%
  4. Consumer Staples6.7%
  5. Real Estate3.8%
  6. Financials1.8%

Frequently asked questions

What is the difference between KWEB and KWBE?

KWEB (KraneShares CSI China Internet UCITS ETF Class USD Shares, IE00BFXR7892) and KWBE (KraneShares CSI China Internet UCITS ETF Class EUR, IE00BFXR7900) both track the CSI Overseas China Internet index. KWEB and KWBE have the same total expense ratio (TER), 0.75% a year. KWEB and KWBE both reinvest their income (accumulating share classes). Both are domiciled in Ireland. The share class of KWEB is in USD, that of KWBE in EUR. This is a factual comparison from the fund houses' documents, not investment advice.

Which is cheaper, KWEB or KWBE?

KWEB and KWBE have the same total expense ratio (TER), 0.75% a year. Their key information documents state ongoing charges of 0.75% for KWEB and 0.75% for KWBE.

Which is bigger, KWEB or KWBE?

KWBE is the larger fund, with USD 750m in assets against USD 647,733,598 for KWEB.

Do KWEB and KWBE hold the same companies?

10 of the holdings published by KWEB (top 10) and KWBE (top 10) appear in both lists; measured on those published positions only, the overlap is at least 61.9%. Shared holdings include TENCENT HOLDINGS LTD, ALIBABA GROUP HOLDING LTD, PDD HOLDINGS INC, MEITUAN-CLASS B and NETEASE INC.

How did KWEB and KWBE perform in 2025?

In 2025, KWEB returned +23.8% and KWBE +9.2%, a gap of 14.6 percentage points. Returns are in each share class's currency (USD and EUR), so part of the gap reflects exchange rates. Past performance does not predict future returns.

Are KWEB and KWBE accumulating or distributing?

KWEB is accumulating: it reinvests its income in the fund. KWBE is accumulating: it reinvests its income in the fund.

Go further

Figures are read from the documents each fund house publishes (product page, factsheet, key information document, holdings file) and refreshed weekly. Names and tickers identify the products; FundFacts API is independent of every fund house and index provider. This comparison is factual information, not investment advice or a recommendation to buy or sell either fund.