Data as of . Every figure is the themes desk's own, on published data.
KWEB vs SHLD
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 SHLD hold 0% of their money in the same securities at the same weight.
| Only in KWEB | Only in SHLD |
|---|---|
| Tencent Holdings Limited 10.47% | LOCKHEED MARTIN CORPORATION 8.45% |
| PDD Holdings Inc. 7.94% | RTX CORPORATION 7.78% |
| Alibaba Group Holding Limited 7.72% | GENERAL DYNAMICS CORPORATION 7.70% |
| NETEASE, INC. 6.99% | PALANTIR TECHNOLOGIES INC. 7.09% |
| MEITUAN 6.84% | Rheinmetall Aktiengesellschaft 5.78% |
| BAIDU, INC. 4.20% | BAE SYSTEMS PLC 4.90% |
| Full Truck Alliance Co Ltd 4.17% | L3HARRIS TECHNOLOGIES, INC. 4.71% |
| KUAISHOU TECHNOLOGY 4.09% | HANWHA AEROSPACE CO., LTD. 4.41% |
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 and May 31, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KWEB | SHLD | KWEB | SHLD | KWEB | SHLD | |
| 3 months | −1.2% | +0.2% | −5.9 pts | −4.5 pts | −3.3 pts | −1.9 pts |
| 6 months | −12.3% | −18.2% | −27.5 pts | −33.4 pts | −32.5 pts | −38.4 pts |
| 1 year | −27.2% | +2.3% | −47.2 pts | −17.7 pts | −52.8 pts | −23.3 pts |
| 3 years | +0.5% | n/a | −77.4 pts | n/a | −93.0 pts | n/a |
| Since launch | +27.7% | +158.9% | −435.6 pts | +79.9 pts | −918.5 pts | +63.5 pts |
| KWEB KraneShares CSI China Internet ETF | SHLD Global X Defense Tech ETF | |
|---|---|---|
| Issuer | KraneShares | Global X |
| Theme | Internet and e-commerce | Defense |
| In the S&P 500 | 0.0% | 44.8% |
| Active share vs the S&P 500 | 100.0% | 98.7% |
| In the Nasdaq-100 | 7.9% | 7.1% |
| Holdings | 33 | 48 |
| Top ten, share of the fund | 60.2% | 59.5% |
| Expense ratio | 0.69% | 0.50% |
| Fee for the differing part | 0.69% | 0.51% |
| Total return, 1 year | −27.2% | +2.3% |
| vs the S&P 500 | −47.2 pts | −17.7 pts |
| vs the Nasdaq-100 | −52.8 pts | −23.3 pts |
| Below its high | −69.8% | −19.0% |
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.
SHLD in plain words
By weight, 45% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 60% of the fund across 48 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +2.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 17.7 pts. It sits 19.0% below its all-time high of Mar 9, 2026.
Questions people ask
- Do KWEB and SHLD 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 SHLD?
- KWEB has 0% of its weight in S&P 500 names and SHLD has 45%, so KWEB differs more from the index.
- Which is cheaper, KWEB or SHLD?
- KWEB charges 0.69% a year and SHLD charges 0.50%, so SHLD 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 SHLD, data as of Sep 4, 2026. https://etfiq.com/compare/themes/KWEB-SHLD.html Free to use with attribution; the underlying files are at Open data.