Data as of Oct 28, 2026.
KLIP vs KWEB: Differences, Returns & Fees
Over the year to Oct 28, 2026, KLIP returned −20.0% to KWEB's −40.6%, and KWEB charges 0.69% to KLIP's 0.94%.
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Net assets on Oct 28, 2026: $84m for KraneShares KWEB Covered Call Strategy ETF and $4.3bn for KraneShares CSI China Internet ETF.
Pair scorecard
KWEB costs 0.25 points a year less; their one-year returns differ by 20.6 points; KWEB is far larger, $4.3bn against $84m.
| Measure | KLIP | KWEB |
|---|---|---|
| Return | ||
| Total return, 1 year | −20.0% | −40.6% |
| Price change, 1 year | fell 36.7% | fell 44.0% |
| Latest payout, annualized | 25.5% | |
| Return of capital, issuer estimate | 100% of the Sep 30, 2026 payment | |
| Drawdown | ||
| Below its all-time high | 73.4%, high on Feb 17, 2021 | |
| Benchmark | ||
| What it tracks | Benchmark: China internet, measured through KWEB | Internet and e-commerce |
| Cost and size | ||
| Expense ratio | 0.94% | 0.69% |
| Net assets | $84m | $4.3bn |
| Active share vs the S&P 500 | 100% | |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 0% | |
| Top ten holdings, share of the fund | 62% | |
Holdings in common uses holdings dated Oct 28, 2026. Method
Risk and return
Jan 20, 2023 to Oct 23, 2026 · 196 weekly returnsKLIP returned more: +12.9% to −26.0%. KLIP swung less: 16.2% to 34.5%. KLIP fell less at its worst: −19.4% to −42.5%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | KLIP | KWEB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +12.9% | −26.0% | KLIP | Price change plus distributions, reinvested. |
| Annualized | +3.3% | −7.7% | KLIP | Total return as a yearly rate. |
| Price return | −71.5% | −33.6% | KWEB | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 16.2% | 34.5% | KLIP | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 12.3% | 22.5% | KLIP | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −19.4% | −42.5% | KLIP | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.00 | −0.20 | KLIP | Return above Treasury bills per unit of volatility. |
| Sortino | −0.01 | −0.30 | KLIP | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.17 | −0.18 | KLIP | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 196 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, KLIP and KWEB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
KLIP and KWEB on the fields both publish, as of Oct 28, 2026. Source: ETFIQ. Cash paid: distributions over the window, as a share of the starting price.
KLIP and KWEB do different jobs. What does each one do in a portfolio?
- What each follows. KLIP is measured against China internet through KWEB and KWEB follows Internet and e-commerce.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 KLIP returned −20.0% and KWEB −40.6% with distributions reinvested, a gap of 20.6 points.
Data as of Oct 28, 2026.
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KLIP
Over the year to Oct 28, 2026, KLIP paid 18.8% of its starting value in cash distributions while its price fell 36.7%. With every distribution reinvested, the fund returned −20.0%. China internet (KWEB) returned −40.6% over the same days, so a holder was ahead by 20.6 pts. At its price on Oct 28, 2026 the latest distribution annualizes to 25.5%, paid monthly. KraneShares estimates that 100% of the distribution paid Sep 30, 2026 was a return of capital (its 19a-1 notice). That is a tax label, not a measure of erosion.
KWEB
By weight, 0% of KWEB's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 100%. The top ten holdings are 62% of the fund across 45 positions, as published by its issuer for Oct 28, 2026. Over the year to Oct 28, 2026 the fund returned −40.6% with distributions reinvested. It sits 73.4% below its all-time high of Feb 17, 2021.
Questions people ask
- Are KLIP and KWEB in the same category?
- KLIP is an option-income ETF and KWEB is a thematic ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, KLIP or KWEB?
- In the year to Oct 28, 2026, with distributions reinvested, KLIP returned −20.0% and KWEB −40.6%.
- Which is cheaper, KLIP or KWEB?
- KWEB is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
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ETFIQ, KLIP against KWEB, data as of Oct 28, 2026. https://etfiq.com/compare/any/klip-vs-kweb
ETFIQ. (Oct 28, 2026). KLIP against KWEB. Retrieved from https://etfiq.com/compare/any/klip-vs-kweb
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