KWEB vs SPY
Comparison between KRANESHARES CSI CHINA INTERNET ETF (KWEB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed KWEB, delivering a return of +13.3% compared to -13.3%
KWEB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
KWEB
$6B
Winner
SPY
$652B
Expense Ratio
KWEB
0.70%
Winner
SPY
0.09%
Max Drawdown
KWEB
82.22%
Winner
SPY
56.47%
Sharpe Ratio
KWEB
-0.21
Winner
SPY
2.07
5Y Beta
Winner
KWEB
0.84
SPY
1.00
P/E Ratio
KWEB
N/A
SPY
28.24
Forward P/E
KWEB
N/A
SPY
21.85
5Y Dividends CAGR
Winner
KWEB
119.33%
SPY
5.43%
5Y EPS CAGR
KWEB
N/A
SPY
25.79%
Debt to Equity
KWEB
N/A
SPY
22.35%
P/S Ratio
KWEB
N/A
SPY
3.55
P/B Ratio
KWEB
N/A
SPY
5.29
KWEB vs SPY - Holdings Comparison
KWEB and SPY have 1 common holdings. Overlap is 0.00%
KWEB's top 25 holdings weight is 95.35%. SPY's top 25 holdings weight is 51.32%.
| Rank | KWEB | SPY |
|---|---|---|
| #1 | TENCENT HOLDINGS LTD (n/a) - 9.82% | NVIDIA CORP (NVDA) - 8.45% |
| #2 | ALIBABA GROUP HOLDING LTD ORDINARY SHARES (n/a) - 9.44% | APPLE INC (AAPL) - 6.48% |
| #3 | PDD HOLDINGS INC ADR (PDD) - 8.42% | MICROSOFT CORP (MSFT) - 5.20% |
| #4 | MEITUAN CLASS B (n/a) - 7.08% | AMAZON.COM INC (AMZN) - 4.14% |
| #5 | NETEASE INC ORDINARY SHARES (n/a) - 5.96% | ALPHABET INC CLASS A (GOOGL) - 3.32% |
| #6 | JD.COM INC ORDINARY SHARES CLASS A (n/a) - 4.98% | BROADCOM INC (AVGO) - 3.09% |
| #7 | BAIDU INC (n/a) - 4.96% | ALPHABET INC CLASS C (GOOG) - 2.65% |
| #8 | KE HOLDINGS INC CLASS A (n/a) - 4.68% | META PLATFORMS INC CLASS A (META) - 2.40% |
| #9 | TRIP.COM GROUP LTD (n/a) - 3.84% | TESLA INC (TSLA) - 1.73% |
| #10 | JD HEALTH INTERNATIONAL INC (n/a) - 3.79% | BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.43% |
| #11 | FULL TRUCK ALLIANCE CO LTD ADR (YMM) - 3.72% | JPMORGAN CHASE & CO (JPM) - 1.37% |
| #12 | TAL EDUCATION GROUP ADR (TAL) - 3.24% | ELI LILLY AND CO (LLY) - 1.13% |
| #13 | KUAISHOU TECHNOLOGY ORDINARY SHARES CLASS B (n/a) - 3.10% | EXXON MOBIL CORP (XOM) - 1.03% |
| #14 | BILIBILI INC CLASS Z (n/a) - 3.07% | MICRON TECHNOLOGY INC (MU) - 0.93% |
| #15 | KANZHUN LTD ADR (BZ) - 3.01% | WALMART INC (WMT) - 0.91% |
| #16 | TENCENT MUSIC ENTERTAINMENT GROUP ADR (TME) - 2.46% | JOHNSON & JOHNSON (JNJ) - 0.90% |
| #17 | VIPSHOP HOLDINGS LTD ADR (VIPS) - 2.41% | ADVANCED MICRO DEVICES INC (AMD) - 0.86% |
| #18 | ALIBABA HEALTH INFORMATION TECHNOLOGY LTD (n/a) - 2.11% | VISA INC CLASS A (V) - 0.85% |
| #19 | KINGSOFT CORP LTD (n/a) - 1.86% | COSTCO WHOLESALE CORP (COST) - 0.72% |
| #20 | TONGCHENG TRAVEL HOLDINGS LTD (n/a) - 1.83% | MASTERCARD INC CLASS A (MA) - 0.67% |
| #21 | XD INC ORDINARY SHARES (n/a) - 1.40% | INTEL CORP (INTC) - 0.65% |
| #22 | EAST BUY HOLDING LTD (n/a) - 1.16% | NETFLIX INC (NFLX) - 0.64% |
| #23 | ZHONGAN ONLINE P&C INSURANCE CO LTD ORDINARY SHARES CLASS H (n/a) - 1.02% | CATERPILLAR INC (CAT) - 0.62% |
| #24 | JOYY INC ADR (JOYY) - 1.01% | CHEVRON CORP (CVX) - 0.58% |
| #25 | QFIN HOLDINGS INC ADR (QFIN) - 0.98% | PROCTER & GAMBLE CO (PG) - 0.57% |
| Total Holdings | 32 | 505 |
KWEB vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
KWEB
+1.55%
Winner
SPY
+9.11%
3M
KWEB
-13.95%
Winner
SPY
+6.59%
6M
KWEB
-19.60%
Winner
SPY
+10.56%
1Y
KWEB
-6.14%
Winner
SPY
+32.04%
5Y(CAGR)
KWEB
-13.26%
Winner
SPY
+13.35%
10Y(CAGR)
KWEB
+1.03%
Winner
SPY
+15.49%
Max(CAGR)
KWEB
+2.95%
Winner
SPY
+8.50%
KWEB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | KWEB | SPY |
|---|---|---|
| 2026 | -17.06% | +8.27% |
| 2025 | +25.71% | +18.00% |
| 2024 | +15.93% | +25.59% |
| 2023 | -13.61% | +26.72% |
| 2022 | -16.60% | -18.64% |
| 2021 | -48.76% | +30.52% |
| 2020 | +48.91% | +17.28% |
| 2019 | +29.82% | +31.09% |
| 2018 | -36.80% | -5.24% |
| 2017 | +67.61% | +20.78% |
| 2016 | -4.23% | +13.59% |
| 2015 | +16.10% | +1.31% |
| 2014 | -2.62% | +14.56% |
| 2013 | +27.52% | +29.00% |
| 2012 | N/A | +14.17% |
| 2011 | N/A | +0.85% |
| 2010 | N/A | +13.14% |
| 2009 | N/A | +22.67% |
| 2008 | N/A | -36.25% |
| 2007 | N/A | +5.32% |
| 2006 | N/A | +13.85% |
| 2005 | N/A | +5.32% |
| 2004 | N/A | +10.75% |
| 2003 | N/A | +24.18% |
| 2002 | N/A | -22.42% |
| 2001 | N/A | -10.13% |
| 2000 | N/A | -8.84% |
| 1999 | N/A | +8.61% |
KWEB vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current KWEB drawdown is -65.77%.
| Rank | KWEB | SPY |
|---|---|---|
| #1 | -80.88% Feb 17, 2021 - Oct 24, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -45.26% Jan 26, 2018 - Jul 6, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.73% Jun 12, 2015 - Apr 24, 2017 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.16% Mar 6, 2014 - May 21, 2015 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -14.05% Oct 21, 2013 - Dec 31, 2013 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -10.93% Jan 22, 2014 - Feb 18, 2014 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.51% Nov 22, 2017 - Jan 2, 2018 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -9.60% Sep 1, 2020 - Oct 12, 2020 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.71% Jul 9, 2020 - Aug 5, 2020 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -8.05% Oct 16, 2017 - Nov 20, 2017 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.77% Aug 6, 2020 - Aug 28, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.13% Nov 6, 2020 - Dec 30, 2020 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.72% Jan 25, 2021 - Feb 3, 2021 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.24% Oct 4, 2013 - Oct 18, 2013 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -6.04% Jun 8, 2017 - Jul 13, 2017 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between KWEB and SPY is -0.03 which considered as a very weak or no correlation - the stocks move independently of each other.
-0.03
-101
Dividend Comparison (1999 - 2026)
KWEB vs SPY dividend yield comparison.
| Year | KWEB | SPY |
|---|---|---|
| 2026 | 0.00% | 0.24% |
| 2025 | 6.16% | 1.07% |
| 2024 | 3.51% | 1.21% |
| 2023 | 1.71% | 1.40% |
| 2022 | 0.00% | 1.65% |
| 2021 | 7.07% | 1.20% |
| 2020 | 0.29% | 1.52% |
| 2019 | 0.08% | 1.75% |
| 2018 | 3.40% | 2.04% |
| 2017 | 0.58% | 1.80% |
| 2016 | 1.19% | 2.03% |
| 2015 | 0.46% | 2.06% |
| 2014 | 0.89% | 1.87% |
| 2013 | 0.44% | 1.81% |
| 2012 | 0.00% | 2.18% |
| 2011 | 0.00% | 2.05% |
| 2010 | 0.00% | 1.80% |
| 2009 | 0.00% | 1.95% |
| 2008 | 0.00% | 3.02% |
| 2007 | 0.00% | 1.85% |
| 2006 | 0.00% | 1.73% |
| 2005 | 0.00% | 1.73% |
| 2004 | 0.00% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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