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.

Data as of Sep 4, 2026. Every figure is the themes desk's own, on published data.

KWEB vs SMH

Name: ETFIQ comparison of KWEB and SMH
Creator: ETFIQ

KraneShares CSI China Internet ETF and VanEck Semiconductor ETF, side by side on the themes desk.

0% of the two portfolios are the same securities at the same weight.

Open the live comparison on ETFIQ

KWEB and SMH on the themes desk fields, as of Sep 4, 2026. Source: ETFIQ.
	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

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.

ETFIQ is an independent publisher of exchange-traded fund data. It is not a fund issuer, broker-dealer or investment adviser, and it makes no recommendations; every figure here is stated arithmetic on published data. Standards and sources