Data as of Oct 28, 2026.
KWEB vs VUG: Differences, Returns & Fees
Over the year to Oct 28, 2026, KWEB returned −40.6% to VUG's +6.6%, and VUG charges 0.03% to KWEB's 0.69%.
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Net assets: $4.3bn on Oct 28, 2026 for KraneShares CSI China Internet ETF, and $232.9bn on Sep 30, 2026 for Vanguard Morningstar Growth ETF.
Pair scorecard
VUG costs 0.66 points a year less; their one-year returns differ by 47.2 points.
| Measure | KWEB | VUG |
|---|---|---|
| Return | ||
| Total return, 1 year | −40.6% | +6.6% |
| Drawdown | ||
| Below its all-time high | 73.4%, high on Feb 17, 2021 | |
| Below its high | 4.1%, high on Oct 6, 2026 | |
| Benchmark | ||
| What it tracks | Internet and e-commerce | Morningstar US Large Cap Growth Index |
| Cost and size | ||
| Expense ratio | 0.69% | 0.03% |
| Net assets, KWEB as of Oct 28, 2026 and VUG as of Sep 30, 2026 | $4.3bn | $232.9bn |
| Active share vs the S&P 500 | 100% | |
| Holdings | ||
| Holdings in common | 0% | |
| Top ten holdings, share of the fund | 62% | 63.1% |
Holdings in common uses holdings dated Sep 30, 2026 and Oct 28, 2026. Method
Risk and return
Aug 9, 2013 to Oct 23, 2026 · 689 weekly returnsVUG returned more: +607.5% to +14.8%. VUG swung less: 18.8% to 35.3%. VUG fell less at its worst: −35.6% to −79.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | KWEB | VUG | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +14.8% | +607.5% | VUG | Price change plus distributions, reinvested. |
| Annualized | +1.0% | +15.9% | VUG | Total return as a yearly rate. |
| Price return | −10.9% | +526.7% | VUG | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 35.3% | 18.8% | VUG | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 23.5% | 12.6% | VUG | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −79.9% | −35.6% | VUG | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.15 | 0.78 | VUG | Return above Treasury bills per unit of volatility. |
| Sortino | 0.22 | 1.16 | VUG | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.01 | 0.45 | VUG | 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 VUG hold 0% of their money in the same securities at the same weight. Holdings dated Sep 30, 2026 and Oct 28, 2026.
half
0% in common
Only in one fund ↓
Side by side
KWEB and VUG on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
KWEB and VUG do different jobs. What does each one do in a portfolio?
- What each follows. KWEB follows Internet and e-commerce and VUG follows Morningstar US Large Cap Growth Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 28, 2026 and Sep 30, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 KWEB returned −40.6% and VUG +6.6% with distributions reinvested, a gap of 47.2 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.
VUG
VUG tracks an index of US growth. Over the year to Oct 28, 2026 it returned +6.6% with distributions reinvested. The prospectus expense ratio is 0.03% a year. By its holdings published by its issuer as of Sep 30, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 137 positions, with the top ten at 63.1%. It sat 4.1% below its high of Oct 6, 2026 on Oct 28, 2026.
Questions people ask
- Are KWEB and VUG in the same category?
- KWEB is a thematic ETF and VUG 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 VUG?
- In the year to Oct 28, 2026, with distributions reinvested, KWEB returned −40.6% and VUG +6.6%.
- Which is cheaper, KWEB or VUG?
- VUG is cheaper, by 0.66 percentage points a year. That is about $66 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 VUG, data as of Oct 28, 2026. https://etfiq.com/compare/any/kweb-vs-vug
ETFIQ. (Oct 28, 2026). KWEB against VUG. Retrieved from https://etfiq.com/compare/any/kweb-vs-vug
[KWEB against VUG (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/kweb-vs-vug)
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