KWEB vs CWB

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

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

KWEB vs CWB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

KWEB

$6.20B

CWB

$6.20B

Expense Ratio

KWEB

0.70%

Winner

CWB

0.40%

Max Drawdown

KWEB

82.22%

Winner

CWB

32.16%

Sharpe Ratio

KWEB

-0.80

Winner

CWB

1.77

5Y Beta

KWEB

0.84

Winner

CWB

0.63

5Y Dividends CAGR

Winner

KWEB

119.33%

CWB

-3.87%

KWEB vs CWB - Historical Returns

Returns include dividend reinvestment.

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

KWEB

-9.13%

Winner

CWB

+2.12%

KWEB

-11.88%

Winner

CWB

+16.57%

KWEB

-23.86%

Winner

CWB

+19.37%

KWEB

-19.40%

Winner

CWB

+34.35%

5Y(CAGR)

KWEB

-14.37%

Winner

CWB

+6.71%

10Y(CAGR)

KWEB

+0.19%

Winner

CWB

+12.69%

Max(CAGR)

KWEB

+2.05%

Winner

CWB

+11.89%

KWEB vs CWB - Annual Returns (2009 - 2026)

Returns include dividend reinvestment.

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

KWEB vs CWB Drawdown Comparison

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

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

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

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

Correlation

Correlation between KWEB and CWB 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)

KWEB vs CWB dividend yield comparison.

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