Data as of Oct 28, 2026.
KWEB vs QQQ: Differences, Returns & Fees
Over the year to Oct 28, 2026, KWEB returned −40.6% to QQQ's +15.2%, and QQQ charges 0.18% to KWEB's 0.69%.
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Net assets: $4.3bn on Oct 28, 2026 for KraneShares CSI China Internet ETF, and $483.0bn on Oct 27, 2026 for Invesco QQQ Trust, Series 1.
Pair scorecard
QQQ costs 0.51 points a year less; their one-year returns differ by 55.8 points; QQQ is far larger, $483.0bn against $4.3bn.
| Measure | KWEB | QQQ |
|---|---|---|
| Return | ||
| Total return, 1 year | −40.6% | +15.2% |
| Drawdown | ||
| Below its all-time high | 73.4%, high on Feb 17, 2021 | |
| Below its high | 4.5%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Internet and e-commerce | Nasdaq-100 Index |
| Cost and size | ||
| Expense ratio | 0.69% | 0.18% |
| Net assets, as of Oct 27, 2026 | $4.3bn | $483.0bn |
| Active share vs the S&P 500 | 100% | |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 62% | 46.7% |
Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method
Risk and return
Aug 9, 2013 to Oct 23, 2026 · 689 weekly returnsQQQ returned more: +926.7% to +14.8%. QQQ swung less: 19.3% to 35.3%. QQQ fell less at its worst: −35.1% to −79.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | KWEB | QQQ | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +14.8% | +926.7% | QQQ | Price change plus distributions, reinvested. |
| Annualized | +1.0% | +19.2% | QQQ | Total return as a yearly rate. |
| Price return | −10.9% | +820.9% | QQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 35.3% | 19.3% | QQQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 23.5% | 12.8% | QQQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −79.9% | −35.1% | QQQ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.15 | 0.91 | QQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.22 | 1.37 | QQQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.01 | 0.55 | QQQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 689 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, KWEB and QQQ hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
KWEB and QQQ on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
KWEB and QQQ do different jobs. What does each one do in a portfolio?
- What each follows. KWEB follows Internet and e-commerce and QQQ follows Nasdaq-100 Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 KWEB returned −40.6% and QQQ +15.2% with distributions reinvested, a gap of 55.8 points.
Data as of Oct 28, 2026.
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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.
QQQ
QQQ tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.18% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 103 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Are KWEB and QQQ in the same category?
- KWEB is a thematic ETF and QQQ is a stock ETF, so they do different jobs. The table compares what both publish: return, cost and holdings.
- Which returned more over the last year, KWEB or QQQ?
- In the year to Oct 28, 2026, with distributions reinvested, KWEB returned −40.6% and QQQ +15.2%.
- Which is cheaper, KWEB or QQQ?
- QQQ is cheaper, by 0.51 percentage points a year. That is about $51 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, KWEB against QQQ, data as of Oct 28, 2026. https://etfiq.com/compare/any/kweb-vs-qqq
ETFIQ. (Oct 28, 2026). KWEB against QQQ. Retrieved from https://etfiq.com/compare/any/kweb-vs-qqq
[KWEB against QQQ (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/kweb-vs-qqq)
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