Data as of . Every figure is the themes desk's own, on published data.
KWEB vs NLR
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, KWEB and NLR hold 0% of their money in the same securities at the same weight.
| Only in KWEB | Only in NLR |
|---|---|
| Tencent Holdings Limited 10.47% | Cameco Corp 8.39% |
| PDD Holdings Inc. 7.94% | Constellation Energy Corp 8.03% |
| Alibaba Group Holding Limited 7.72% | Public Service Enterprise Group Inc 7.08% |
| NETEASE, INC. 6.99% | BWX Technologies Inc 6.77% |
| MEITUAN 6.84% | Fortum Oyj 5.74% |
| BAIDU, INC. 4.20% | Oklo Inc 5.21% |
| Full Truck Alliance Co Ltd 4.17% | Centrus Energy Corp 5.04% |
| KUAISHOU TECHNOLOGY 4.09% | Uranium Energy Corp 4.99% |
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 as filed for Jun 30, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KWEB | NLR | KWEB | NLR | KWEB | NLR | |
| 3 months | −1.2% | −1.8% | −5.9 pts | −6.5 pts | −3.3 pts | −3.9 pts |
| 6 months | −12.3% | −11.8% | −27.5 pts | −27.0 pts | −32.5 pts | −32.0 pts |
| 1 year | −27.2% | +4.0% | −47.2 pts | −16.0 pts | −52.8 pts | −21.6 pts |
| 3 years | +0.5% | +95.8% | −77.4 pts | +17.9 pts | −93.0 pts | +2.4 pts |
| Since launch | +27.7% | +200.2% | −435.6 pts | −611.2 pts | −918.5 pts | −1483.9 pts |
| KWEB KraneShares CSI China Internet ETF | NLR VanEck Uranium and Nuclear ETF | |
|---|---|---|
| Issuer | KraneShares | VanEck |
| Theme | Internet and e-commerce | Nuclear and uranium |
| In the S&P 500 | 0.0% | 15.1% |
| Active share vs the S&P 500 | 100.0% | 99.8% |
| In the Nasdaq-100 | 7.9% | 8.0% |
| Holdings | 33 | 25 |
| Top ten, share of the fund | 60.2% | 61.0% |
| Expense ratio | 0.69% | 0.52% |
| Fee for the differing part | 0.69% | 0.52% |
| Total return, 1 year | −27.2% | +4.0% |
| vs the S&P 500 | −47.2 pts | −16.0 pts |
| vs the Nasdaq-100 | −52.8 pts | −21.6 pts |
| Below its high | −69.8% | −27.0% |
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 60% of the fund across 33 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned −27.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 47.2 pts. It sits 69.8% below its all-time high of Feb 17, 2021.
NLR in plain words
By weight, 15% of NLR'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 25 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +4.0% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 16.0 pts. It sits 27.0% below its all-time high of Jan 28, 2026.
Questions people ask
- Do KWEB and NLR hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight, which is mostly different names. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, KWEB or NLR?
- KWEB has 0% of its weight in S&P 500 names and NLR has 15%, so KWEB differs more from the index.
- Which is cheaper, KWEB or NLR?
- KWEB charges 0.69% a year and NLR charges 0.52%, so NLR is cheaper. Fees come from each fund's prospectus.
Other comparisons
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 NLR, data as of Sep 4, 2026. https://etfiq.com/compare/themes/KWEB-NLR.html Free to use with attribution; the underlying files are at Open data.