Data as of Sep 13, 2026. Both funds on the fields they both publish, from the same sources.
KWEB vs QQQ: how they differ
Over the year QQQ returned more, +23.0% against −36.0%, and QQQ charges 0.18% against 0.69%.
KraneShares CSI China Internet ETF and Invesco QQQ Trust.
What they hold in common
By the books each fund has filed, KWEB and QQQ hold 0% of their money in the same securities at the same weight.
| Only in KWEB | Only in QQQ |
|---|---|
| TENCENT HOLDINGS LTD 10.25% | NVIDIA Corp 8.52% |
| ALIBABA GROUP HOLDING LTD 8.61% | Apple Inc 7.72% |
| PDD HOLDINGS INC 8.11% | Microsoft Corp 5.89% |
| MEITUAN-CLASS B 7.32% | Micron Technology Inc 4.90% |
| NETEASE INC 6.25% | Amazon.com Inc 4.36% |
| LENOVO GROUP LTD 5.56% | Advanced Micro Devices Inc 3.65% |
| KE HOLDINGS INC-CL A 4.41% | Alphabet Inc 3.12% |
| JD.COM INC-CLASS A 3.94% | Meta Platforms Inc 3.07% |
Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Sep 10, 2026 and Sep 11, 2026.
| KWEB KraneShares CSI China Internet ETF | QQQ Invesco QQQ Trust | |
|---|---|---|
| Where it sits | Thematic ETF | Core index fund |
| Issuer | KraneShares | Invesco |
| What it is | Internet and e-commerce | Nasdaq-100 |
| Total return, 1 year | −36.0% | +23.0% |
| S&P 500 over the same days | +17.5% | +17.5% |
| Gap to the S&P 500 | −53.5 pts | +5.5 pts |
| Expense ratio | 0.69% | 0.18% |
| Already in the S&P 500 | 0.0% | 96.7% |
| Holdings | 45 | 105 |
KWEB in plain words
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 61% of the fund across 45 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned −36.0% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 53.5 pts. It sits 71.5% below its all-time high of Feb 17, 2021.
QQQ in plain words
QQQ is an index equity fund tracking the Nasdaq-100. Over the year to Sep 11, 2026 it returned +23.0% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.18% a year. By its holdings filed for Sep 10, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 47.0%. It sat 4.1% below its high of Jun 2, 2026 on Sep 11, 2026.
Questions people ask
- Which returned more over the last year, KWEB or QQQ?
- In the year to Sep 13, 2026, with distributions reinvested, KWEB returned −36.0% and QQQ returned +23.0%, so QQQ returned more. One year is one year; the longer windows are in the table.
- Which is cheaper, KWEB or QQQ?
- KWEB charges 0.69% a year and QQQ charges 0.18%, so QQQ is cheaper. Fees come from each fund's prospectus.
- How much do KWEB and QQQ overlap with the S&P 500?
- By their latest filed holdings, 0% of KWEB and 97% of QQQ by weight is stocks the S&P 500 already holds. Between the two funds, 0% of their books are the same securities at the same weight.
- Are KWEB and QQQ the same kind of fund?
- No. KWEB is a thematic ETF and QQQ is an index ETF, so they are built for different jobs. The table compares what both publish: return, cost and what each actually holds.
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Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, KWEB against QQQ, data as of Sep 13, 2026. https://etfiq.com/compare/any/kweb-vs-qqq Free to use with attribution; the underlying files are at Open data.
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