CWB vs KWEB

Comparison between STATE STREET(R) SPDR(R) BLOOMBERG CONVERTIBLE SECURITIES ETF (CWB, ETF) and KRANESHARES CSI CHINA INTERNET ETF (KWEB, ETF).

5-Year PerformanceCWB has outperformed KWEB, delivering a return of +6.7% compared to -14.4%

CWB vs KWEB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CWB(ETF)	KWEB(ETF)
Net Assets	$6.20B	$6.20B
Expense Ratio	0.40%	0.70%
Max Drawdown	32.16%	82.22%
Sharpe Ratio	1.77	-0.80
5Y Beta	0.63	0.84
5Y Dividends CAGR	-3.87%	119.33%

Net Assets

CWB

$6.20B

KWEB

$6.20B

Expense Ratio

Winner

CWB

0.40%

KWEB

0.70%

Max Drawdown

Winner

CWB

32.16%

KWEB

82.22%

Sharpe Ratio

Winner

CWB

1.77

KWEB

-0.80

5Y Beta

Winner

CWB

0.63

KWEB

0.84

5Y Dividends CAGR

CWB

-3.87%

Winner

KWEB

119.33%

CWB vs KWEB - Historical Returns

Returns include dividend reinvestment.

Period	CWB	KWEB
1 month	+2.12%	-9.13%
3 months	+16.57%	-11.88%
6 months	+19.37%	-23.86%
1 year	+34.35%	-19.40%
5 years(CAGR)	+6.71%	-14.37%
10 years(CAGR)	+12.69%	+0.19%
Max(CAGR)	+11.89%	+2.05%

Winner

CWB

+2.12%

KWEB

-9.13%

Winner

CWB

+16.57%

KWEB

-11.88%

Winner

CWB

+19.37%

KWEB

-23.86%

Winner

CWB

+34.35%

KWEB

-19.40%

5Y(CAGR)

Winner

CWB

+6.71%

KWEB

-14.37%

10Y(CAGR)

Winner

CWB

+12.69%

KWEB

+0.19%

Max(CAGR)

Winner

CWB

+11.89%

KWEB

+2.05%

CWB vs KWEB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

Year	CWB	KWEB
2026	+18.77%	-25.65%
2025	+16.44%	+25.71%
2024	+10.97%	+15.93%
2023	+14.90%	-13.61%
2022	-20.52%	-16.60%
2021	+2.71%	-48.76%
2020	+52.07%	+48.91%
2019	+22.44%	+29.82%
2018	-3.35%	-36.80%
2017	+15.84%	+67.61%
2016	+11.56%	-4.23%
2015	-0.87%	+16.10%
2014	+8.01%	-2.62%
2013	+19.29%	+27.52%
2012	+14.23%	N/A
2011	-7.95%	N/A
2010	+12.77%	N/A
2009	+29.61%	N/A

CWB vs KWEB Drawdown Comparison

The maximum drawdown for CWB was -32.06%, occurring on Mar 23, 2020. Recovery took 76 trading sessions.

The maximum drawdown for KWEB was -80.88%, occurring on Oct 24, 2022. This drawdown has not yet recovered.

The current CWB drawdown is -3.49%. The current KWEB drawdown is -69.31%.

Rank	CWB	KWEB
#1	-32.06% Feb 19, 2020 - Jun 8, 2020	-80.88% Feb 17, 2021 - Oct 24, 2022
#2	-29.86% Feb 12, 2021 - Jul 16, 2025	-45.26% Jan 26, 2018 - Jul 6, 2020
#3	-17.09% May 2, 2011 - Oct 18, 2012	-36.73% Jun 12, 2015 - Apr 24, 2017
#4	-15.95% Jun 1, 2015 - Jul 22, 2016	-26.16% Mar 6, 2014 - May 21, 2015
#5	-13.79% Jun 20, 2018 - Feb 25, 2019	-14.05% Oct 21, 2013 - Dec 31, 2013
#6	-10.76% Apr 26, 2010 - Oct 5, 2010	-10.93% Jan 22, 2014 - Feb 18, 2014
#7	-9.06% Sep 5, 2014 - Mar 20, 2015	-10.51% Nov 22, 2017 - Jan 2, 2018
#8	-7.61% Sep 1, 2020 - Oct 9, 2020	-9.60% Sep 1, 2020 - Oct 12, 2020
#9	-7.58% Jan 19, 2010 - Mar 8, 2010	-8.71% Jul 9, 2020 - Aug 5, 2020
#10	-7.52% Oct 29, 2025 - Jan 13, 2026	-8.05% Oct 16, 2017 - Nov 20, 2017
#11	-7.36% Jan 26, 2018 - Mar 12, 2018	-7.77% Aug 6, 2020 - Aug 28, 2020
#12	-6.76% Jan 28, 2026 - Apr 8, 2026	-7.13% Nov 6, 2020 - Dec 30, 2020
#13	-6.66% Jun 2, 2026 - Jun 10, 2026	-6.72% Jan 25, 2021 - Feb 3, 2021
#14	-6.52% May 21, 2013 - Jul 22, 2013	-6.24% Oct 4, 2013 - Oct 18, 2013
#15	-6.24% May 3, 2019 - Jul 12, 2019	-6.04% Jun 8, 2017 - Jul 13, 2017

Correlation

Correlation between CWB and KWEB is 0.14 which considered as a very weak or no correlation - the stocks move independently of each other.

0.14

-101

Dividend Comparison (2009 - 2026)

CWB vs KWEB dividend yield comparison.

Year	CWB	KWEB
2026	0.58%	0.00%
2025	1.69%	6.16%
2024	1.85%	3.51%
2023	1.97%	1.71%
2022	2.21%	0.00%
2021	1.97%	7.07%
2020	2.34%	0.29%
2019	3.03%	0.08%
2018	6.17%	3.40%
2017	4.25%	0.58%
2016	4.60%	1.19%
2015	7.52%	0.46%
2014	7.37%	0.89%
2013	3.66%	0.44%
2012	3.84%	0.00%
2011	4.97%	0.00%
2010	4.59%	0.00%
2009	3.88%	0.00%