Data as of Nov 4, 2026.
EMQQ vs KWEB: Holdings Overlap & Returns
Over the year to Nov 4, 2026, EMQQ returned −27.7% to KWEB's −34.0%; 36% of their weight is in the same names.
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Net assets: $259m on Aug 31, 2026 for EMQQ The Emerging Markets Internet ETF, and $4.4bn on Nov 4, 2026 for KraneShares CSI China Internet ETF.
0% of EMQQ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 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 0.17 points a year less; their one-year returns differ by 6.3 points.
| Measure | EMQQ | KWEB |
|---|---|---|
| Return | ||
| Total return, 1 year | −27.7% | −34.0% |
| Drawdown | ||
| Below its all-time high | 59.4%, high on Feb 17, 2021 | 71.8%, high on Feb 17, 2021 |
| Benchmark | ||
| What it tracks | Internet and e-commerce | Internet and e-commerce |
| Cost and size | ||
| Expense ratio | 0.86% | 0.69% |
| Net assets, EMQQ as of Aug 31, 2026 and KWEB as of Nov 4, 2026 | $259m | $4.4bn |
| Holdings | ||
| Holdings in common | 36% | |
Risk and return
Nov 21, 2014 to Oct 30, 2026 · 623 weekly returnsFrom Nov 2014 to Oct 2026, EMQQ returned more: +24.6% to −21.7%. EMQQ swung less: 28.3% to 36.0%. EMQQ fell less at its worst: −71.8% to −79.9%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | EMQQ | KWEB | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +24.6% | −21.7% | EMQQ | Price change plus distributions, reinvested. |
| Annualized | +1.9% | −2.0% | EMQQ | Total return as a yearly rate. |
| Price return | +14.2% | −38.4% | EMQQ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 28.3% | 36.0% | EMQQ | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 19.5% | 24.0% | EMQQ | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −71.8% | −79.9% | EMQQ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.13 | 0.06 | EMQQ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.19 | 0.09 | EMQQ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.03 | −0.03 | EMQQ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 623 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, EMQQ and KWEB hold 36% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.
half
36% in common
Only in one fund ↓
Window by window
| Total return | ||
|---|---|---|
| Window | EMQQ | KWEB |
| 3 months | −10.8% | −14.8% |
| 6 months | −11.0% | −18.3% |
| 1 year | −27.7% | −34.0% |
| 3 years | +10.3% | −0.8% |
| Since launchNot the same days: EMQQ Nov 2014 · KWEB Aug 2013 | +30.9% | +19.2% |
Side by side
As of Nov 4, 2026. Source: ETFIQ.
36% of the two portfolios are the same securities at the same weight.
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EMQQ
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 60% of the fund across 56 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −27.7% with distributions reinvested. It sits 59.4% below its all-time high of Feb 17, 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 EMQQ and KWEB hold the same stocks?
- By their latest filings, 36% 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, EMQQ against KWEB, data as of Nov 4, 2026. https://etfiq.com/compare/themes/emqq-vs-kweb
ETFIQ. (Nov 4, 2026). EMQQ against KWEB. Retrieved from https://etfiq.com/compare/themes/emqq-vs-kweb
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