Data as of . Every figure is the themes desk's own, on published data.
KWEB vs SMH
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 SMH hold 0% of their money in the same securities at the same weight.
| Only in KWEB | Only in SMH |
|---|---|
| Tencent Holdings Limited 10.47% | NVIDIA Corp 17.56% |
| PDD Holdings Inc. 7.94% | Taiwan Semiconductor Manufacturing Co Lt 9.29% |
| Alibaba Group Holding Limited 7.72% | Applied Materials Inc 5.74% |
| NETEASE, INC. 6.99% | Micron Technology Inc 5.68% |
| MEITUAN 6.84% | Advanced Micro Devices Inc 5.63% |
| BAIDU, INC. 4.20% | KLA Corp 5.58% |
| Full Truck Alliance Co Ltd 4.17% | Lam Research Corp 5.32% |
| KUAISHOU TECHNOLOGY 4.09% | Broadcom Inc 5.28% |
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 | SMH | KWEB | SMH | KWEB | SMH | |
| 3 months | −1.2% | −0.5% | −5.9 pts | −5.2 pts | −3.3 pts | −2.5 pts |
| 6 months | −12.3% | +49.0% | −27.5 pts | +33.8 pts | −32.5 pts | +28.8 pts |
| 1 year | −27.2% | +96.2% | −47.2 pts | +76.3 pts | −52.8 pts | +70.6 pts |
| 3 years | +0.5% | +267.0% | −77.4 pts | +189.0 pts | −93.0 pts | +173.5 pts |
| Since launch | +27.7% | +5013.0% | −435.6 pts | +4201.6 pts | −918.5 pts | +3328.9 pts |
| KWEB KraneShares CSI China Internet ETF | SMH VanEck Semiconductor ETF | |
|---|---|---|
| Issuer | KraneShares | VanEck |
| Theme | Internet and e-commerce | Semiconductors |
| In the S&P 500 | 0.0% | 82.0% |
| Active share vs the S&P 500 | 100.0% | 80.6% |
| In the Nasdaq-100 | 7.9% | 85.9% |
| Holdings | 33 | 25 |
| Top ten, share of the fund | 60.2% | 70.3% |
| Expense ratio | 0.69% | 0.35% |
| Fee for the differing part | 0.69% | 0.43% |
| Total return, 1 year | −27.2% | +96.2% |
| vs the S&P 500 | −47.2 pts | +76.3 pts |
| vs the Nasdaq-100 | −52.8 pts | +70.6 pts |
| Below its high | −69.8% | −15.2% |
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.
SMH in plain words
By weight, 82% of SMH's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 70% of the fund across 25 positions, as filed for Jun 30, 2026. Over the year to Sep 4, 2026 the fund returned +96.2% with distributions reinvested against +20.0% for the S&P 500, so a holder was ahead by 76.3 pts. It sits 15.2% below its all-time high of Jun 22, 2026.
Questions people ask
- Do KWEB and SMH 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 SMH?
- KWEB has 0% of its weight in S&P 500 names and SMH has 82%, so KWEB differs more from the index.
- Which is cheaper, KWEB or SMH?
- KWEB charges 0.69% a year and SMH charges 0.35%, so SMH 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 SMH, data as of Sep 4, 2026. https://etfiq.com/compare/themes/KWEB-SMH.html Free to use with attribution; the underlying files are at Open data.