Data as of Nov 4, 2026.
ARKW vs KWEB: Holdings Overlap & Returns
Over the year to Nov 4, 2026, ARKW returned −10.3% to KWEB's −34.0%; 0% of their weight is in the same names.
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Net assets: $1.6bn on Jul 31, 2026 for ARK Next Generation Internet ETF, and $4.4bn on Nov 4, 2026 for KraneShares CSI China Internet ETF.
53% of ARKW's weight is in S&P 500 companies and 47% is outside the index. Holdings as of Jul 31, 2026.
0% of KWEB's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Nov 4, 2026.
Pair scorecard
KWEB costs 0.07 points a year less; their one-year returns differ by 23.7 points.
Points (pts) are percentage points.
| Measure | ARKW | KWEB |
|---|---|---|
| Return | ||
| Total return, 1 year | −10.3% | −34.0% |
| Drawdown | ||
| Below its all-time high | 20.2%, high on Feb 12, 2021 | 71.8%, high on Feb 17, 2021 |
| Against its benchmark | ||
| What it tracks | Internet and e-commerce | Internet and e-commerce |
| Against the S&P 500, 1 year | behind by 25.1 pts | |
| Its benchmark, total return, 1 year | +14.8% | |
| Against its benchmark, 1 year | behind by 25.1 pts | |
| Cost and size | ||
| Expense ratio | 0.76% | 0.69% |
| Net assets, ARKW as of Jul 31, 2026 and KWEB as of Nov 4, 2026 | $1.6bn | $4.4bn |
| Active share vs the S&P 500 | 82% | 100% |
| Holdings | ||
| Holdings in common | 0% | |
Risk and return
Oct 10, 2014 to Oct 30, 2026 · 629 weekly returnsFrom Oct 2014 to Oct 2026, ARKW returned more: +844.0% to −11.9%. ARKW swung slightly less: 34.7% to 35.9%. ARKW and KWEB fell about the same at their worst: −79.8% and −79.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | ARKW | KWEB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +844.0% | −11.9% | ARKW | Price change plus distributions, reinvested. |
| Annualized | +20.4% | −1.0% | ARKW | Total return as a yearly rate. |
| Price return | +675.9% | −30.7% | ARKW | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 34.7% | 35.9% | ARKW (slight) | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 22.8% | 23.9% | ARKW (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −79.8% | −79.9% | Tie | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.65 | 0.09 | ARKW | Return above Treasury bills per unit of volatility. |
| Sortino | 0.98 | 0.13 | ARKW | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.26 | −0.01 | ARKW | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 629 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, ARKW and KWEB hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Nov 4, 2026.
half
0% in common
Only in one fund ↓
Window by window
| Total return | vs its benchmark | |||
|---|---|---|---|---|
| Window | ARKW | KWEB | ARKW | KWEB |
| 3 months | +1.2% | −14.8% | +1.3 pts vs VOO | not measured |
| 6 months | +0.7% | −18.3% | −4.3 pts vs VOO | not measured |
| 1 year | −10.3% | −34.0% | −25.1 pts vs VOO | not measured |
| 3 years | +156.8% | −0.8% | +73.5 pts vs VOO | not measured |
| Since launchNot the same days: ARKW Sep 2014 · KWEB Aug 2013 | +794.7% | +19.2% | +416.2 pts vs VOO | not measured |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
0% of the two portfolios are the same securities at the same weight.
Client brief:
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ARKW
By weight, 53% of ARKW's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 82%. The top ten holdings are 48% of the fund across 43 positions, as filed for Jul 31, 2026. Over the year to Nov 4, 2026 the fund returned −10.3% with distributions reinvested against +14.8% for its benchmark, the S&P 500 Index, so a holder was behind by 25.1 pts. It sits 20.2% below its all-time high of Feb 12, 2021.
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 61% of the fund across 45 positions, as published by its issuer for Nov 4, 2026. Over the year to Nov 4, 2026 the fund returned −34.0% with distributions reinvested. It sits 71.8% below its all-time high of Feb 17, 2021.
Questions people ask
- Do ARKW and KWEB hold the same stocks?
- By their latest filings, 0% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
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.
Every number is an ETFIQ calculation with distributions reinvested.
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ETFIQ, ARKW against KWEB, data as of Nov 4, 2026. https://etfiq.com/compare/themes/arkw-vs-kweb
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