Do FMQQ 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.

Which is more different from the S&P 500, FMQQ or KWEB?

FMQQ has 0% of its weight in S&P 500 names and KWEB has 0%, so FMQQ differs more from the index.

Which is cheaper, FMQQ or KWEB?

FMQQ charges 0.86% a year and KWEB charges 0.69%, so KWEB is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FMQQ vs KWEB: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FMQQ returned −18.5% to KWEB's −34.0%; 0% of their weight is in the same names.

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Net assets: $22m on Aug 31, 2026 for FMQQ The Next Frontier Internet ETF, and $4.4bn on Nov 4, 2026 for KraneShares CSI China Internet ETF.

FMQQ on its own →KWEB on its own →

At a glance

0.0%

FMQQ in the S&P 500

0.0%

KWEB in the S&P 500

−18.5%

FMQQ total return, 1 year

−34.0%

KWEB total return, 1 year

FMQQ · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

0% of FMQQ's weight is in S&P 500 companies and 100% is outside the index. Holdings as of Aug 31, 2026.

KWEB · 1 year to Nov 4, 2026 100% of its weight is outside the S&P 500

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 15.5 points.

FMQQ vs KWEB: Holdings Overlap & Returns
Measure	FMQQ	KWEB
Return
Measure	FMQQ	KWEB
Total return, 1 year	−18.5%	−34.0%
Drawdown
Measure	FMQQ	KWEB
Below its all-time high	53.3%, high on Oct 19, 2021	71.8%, high on Feb 17, 2021
Benchmark
Measure	FMQQ	KWEB
What it tracks	Internet and e-commerce	Internet and e-commerce
Cost and size
Measure	FMQQ	KWEB
Expense ratio	0.86%	0.69%
Net assets, FMQQ as of Aug 31, 2026 and KWEB as of Nov 4, 2026	$22m	$4.4bn
Holdings
Measure	FMQQ	KWEB
Holdings in common	0%

Method

What they share

By the books each fund has filed, FMQQ and KWEB hold 0% of their money in the same securities at the same weight. Holdings dated Aug 31, 2026 and Nov 4, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first FMQQ KWEB

Only in one fund ↓

Only in FMQQ

SEA LIMITED 7.94%

MercadoLibre, Inc. 7.74%

RELIANCE INDUSTRIES LIMITED 6.98%

Nu Holdings Ltd. 6.51%

BAJAJ FINANCE LIMITED 6.30%

Eternal Limited 5.32%

Allegro.eu SA 5.05%

Joint Stock Company Kaspi.kz 4.73%

Only in KWEB

TENCENT HOLDINGS LTD 9.92%

PDD HOLDINGS INC 8.67%

ALIBABA GROUP HOLDING LTD 8.55%

MEITUAN-CLASS B 7.56%

NETEASE INC 6.57%

KE HOLDINGS INC-CL A 4.92%

JD.COM INC-CLASS A 4.28%

LENOVO GROUP LTD 3.89%

Check overlap with more funds →

Window by window

Window by window: FMQQ vs KWEB: Holdings Overlap & Returns
	Total return
Window	FMQQ	KWEB
3 months	−6.7%	−14.8%
6 months	−2.2%	−18.3%
1 year	−18.5%	−34.0%
3 years	+16.6%	−0.8%
Since launchNot the same days: FMQQ Sep 2021 · KWEB Aug 2013	−51.7%	+19.2%

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Side by side

FMQQ FMQQ The Next Frontier Internet ETF · Holds 37 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies KWEB KraneShares CSI China Internet ETF · Holds 45 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 7.6% 8.7%

Holdings 37 45

Top ten, share of the fund 58.7% 61.4%

Expense ratio 0.86% 0.69%

Fee for the differing part 0.86% 0.69%

Total return, 1 year −18.5% −34.0%

vs its benchmark not measured not measured

Below its high −53.3% −71.8%

Net assets, FMQQ as of Aug 31, 2026 and KWEB as of Nov 4, 2026 $22m $4.4bn

As of Nov 4, 2026. Source: ETFIQ.

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

Alert

About each fund

FMQQ

By weight, 0% of FMQQ'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 59% of the fund across 37 positions, as filed for Aug 31, 2026. Over the year to Nov 4, 2026 the fund returned −18.5% with distributions reinvested. It sits 53.3% below its all-time high of Oct 19, 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 FMQQ 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.
Which is more different from the S&P 500, FMQQ or KWEB?: FMQQ has 0% of its weight in S&P 500 names and KWEB has 0%, so FMQQ differs more from the index.
Which is cheaper, FMQQ or KWEB?: FMQQ charges 0.86% a year and KWEB charges 0.69%, so KWEB is cheaper. Fees come from each fund's prospectus.

Other comparisons

FMQQ vs ISHP FMQQ vs FDN FMQQ vs ARKW FMQQ vs PNQI KWEB vs ONLN KWEB vs SOCL KWEB vs OGIG KWEB vs PNQI

Where to next

All thematic ETFs ranked by the S&P 500 Difference Score →How the scores are computed →FMQQ on its own →KWEB on its own →FMQQ dividend history →FMQQ holdings →KWEB dividend history →KWEB holdings →Method →Standards and sources →

Sources and dates

FMQQ filings on SEC EDGAR ↗

FMQQ prospectus with the expense ratio (SEC) ↗

EMQQ Global website ↗

KWEB filings on SEC EDGAR ↗

KWEB prospectus with the expense ratio (SEC) ↗

KraneShares page for KWEB ↗

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, FMQQ against KWEB, data as of Nov 4, 2026. https://etfiq.com/compare/themes/fmqq-vs-kweb

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.