Data as of .
EMQQ vs KWEB: which is really different?
EMQQ and KWEB hold 40% of their weight in the same names, and EMQQ returned more over the year.
ETFIQ Off-Index Score: EMQQ scores higher
How much of it is not the index it is sold as an alternative to?
A percentile among the 379 thematic ETFs with a holdings filing. It is a position in a set, not a rating, and neither end of it is a recommendation. All thematic ETFs ranked by it · How it is computed
40% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, EMQQ and KWEB hold 40% of their money in the same securities at the same weight.
| Holding | EMQQ | KWEB |
|---|---|---|
| PDD Holdings Inc. | 6.23% | 8.17% |
| NETEASE, INC. | 3.46% | 6.26% |
| KUAISHOU TECHNOLOGY | 1.33% | 2.99% |
| JD Health International Inc | 0.41% | 2.52% |
| Only in EMQQ | Only in KWEB |
|---|---|
| MercadoLibre, Inc. 8.40% | TENCENT HOLDINGS LTD 9.96% |
| RELIANCE INDUSTRIES LIMITED 8.15% | ALIBABA GROUP HOLDING LTD 8.70% |
| Alibaba Group Holding Limited 6.79% | MEITUAN-CLASS B 7.09% |
| SEA LIMITED 6.08% | LENOVO GROUP LTD 6.63% |
| Tencent Holdings Limited 5.95% | KE HOLDINGS INC-CL A 4.23% |
| Nu Holdings Ltd. 5.66% | JD.COM INC-CLASS A 3.87% |
| MEITUAN 4.06% | TRIP.COM GROUP LTD 3.57% |
| NASPERS LIMITED 3.35% | BAIDU INC-CLASS A-HKD 3.22% |
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 dated May 31, 2026 and Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| EMQQ | KWEB | EMQQ | KWEB | EMQQ | KWEB | |
| 3 months | −0.1% | −1.6% | −2.4 pts | −3.9 pts | +2.4 pts | +0.9 pts |
| 6 months | −2.4% | −12.0% | −20.5 pts | −30.1 pts | −26.7 pts | −36.3 pts |
| 1 year | −30.5% | −37.3% | −47.1 pts | −53.8 pts | −52.3 pts | −59.0 pts |
| 3 years | +11.2% | +0.7% | −67.2 pts | −77.7 pts | −87.0 pts | −97.5 pts |
| Since launch | +32.8% | +21.7% | −322.8 pts | −436.7 pts | −634.5 pts | −928.1 pts |
| EMQQ EMQQ The Emerging Markets Internet ETF Holds 58 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies | KWEB KraneShares CSI China Internet ETF Holds 46 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | EMQQ Global | KraneShares |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 0.0% | 0.0% |
| Active share vs the S&P 500 | 100.0% | 100.0% |
| In the Nasdaq-100 | 14.6% | 8.2% |
| Holdings | 58 | 46 |
| Top ten, share of the fund | 58.1% | 61.7% |
| Expense ratio | 0.86% | 0.69% |
| Fee for the differing part | 0.86% | 0.69% |
| Total return, 1 year | −30.5% | −37.3% |
| vs the S&P 500 | −47.1 pts | −53.8 pts |
| vs the Nasdaq-100 | −52.3 pts | −59.0 pts |
| Below its high | −58.8% | −71.2% |
| Net assets | $264m | $4.7bn |
EMQQ in plain words
By weight, 0% of EMQQ'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 58% of the fund across 58 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −30.5% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 47.1 pts. It sits 58.8% below its all-time high of Feb 17, 2021.
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 62% of the fund across 46 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −37.3% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 53.8 pts. It sits 71.2% below its all-time high of Feb 17, 2021.
Questions people ask
- Do EMQQ and KWEB hold the same stocks?
- By their latest filings, 40% of their books are the same securities at the same weight, which is a meaningful overlap. Overlap is the sum of the smaller weight of every security they share.
- Which is more different from the S&P 500, EMQQ or KWEB?
- EMQQ has 0% of its weight in S&P 500 names and KWEB has 0%, so EMQQ differs more from the index.
- Which is cheaper, EMQQ or KWEB?
- EMQQ charges 0.86% a year and KWEB charges 0.69%, so KWEB 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, EMQQ against KWEB, data as of Sep 18, 2026. https://etfiq.com/compare/themes/emqq-vs-kweb Free to use with attribution; the underlying files are at Open data.