Data as of .
FMQQ vs KWEB: which is really different?
FMQQ and KWEB hold 0% of their weight in the same names, and FMQQ returned more over the year.
ETFIQ Off-Index Score: FMQQ 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
0% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, FMQQ and KWEB hold 0% of their money in the same securities at the same weight.
| Only in FMQQ | Only in KWEB |
|---|---|
| BAJAJ FINANCE LIMITED 8.21% | TENCENT HOLDINGS LTD 9.96% |
| MercadoLibre, Inc. 8.13% | ALIBABA GROUP HOLDING LTD 8.70% |
| RELIANCE INDUSTRIES LIMITED 7.90% | PDD HOLDINGS INC 8.17% |
| Eternal Ltd 7.83% | MEITUAN-CLASS B 7.09% |
| Nu Holdings Ltd. 7.49% | LENOVO GROUP LTD 6.63% |
| SEA LIMITED 6.47% | NETEASE INC 6.26% |
| Joint Stock Company Kaspi.kz 6.43% | KE HOLDINGS INC-CL A 4.23% |
| GRAB HOLDINGS LIMITED 3.96% | JD.COM INC-CLASS A 3.87% |
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 | |||
|---|---|---|---|---|---|---|
| FMQQ | KWEB | FMQQ | KWEB | FMQQ | KWEB | |
| 3 months | +5.7% | −1.6% | +3.4 pts | −3.9 pts | +8.2 pts | +0.9 pts |
| 6 months | +11.2% | −12.0% | −6.8 pts | −30.1 pts | −13.0 pts | −36.3 pts |
| 1 year | −21.2% | −37.3% | −37.8 pts | −53.8 pts | −43.0 pts | −59.0 pts |
| 3 years | +16.0% | +0.7% | −62.4 pts | −77.7 pts | −82.2 pts | −97.5 pts |
| Since launch | −50.2% | +21.7% | −138.0 pts | −436.7 pts | −156.5 pts | −928.1 pts |
| FMQQ FMQQ The Next Frontier Internet ETF Holds 38 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 | 8.1% | 8.2% |
| Holdings | 38 | 46 |
| Top ten, share of the fund | 63.7% | 61.7% |
| Expense ratio | 0.86% | 0.69% |
| Fee for the differing part | 0.86% | 0.69% |
| Total return, 1 year | −21.2% | −37.3% |
| vs the S&P 500 | −37.8 pts | −53.8 pts |
| vs the Nasdaq-100 | −43.0 pts | −59.0 pts |
| Below its high | −51.8% | −71.2% |
| Net assets | $20m | $4.7bn |
FMQQ in plain words
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 64% of the fund across 38 positions, as filed for May 31, 2026. Over the year to Sep 18, 2026 the fund returned −21.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 37.8 pts. It sits 51.8% below its all-time high of Oct 19, 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 FMQQ and KWEB 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, 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
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, FMQQ against KWEB, data as of Sep 18, 2026. https://etfiq.com/compare/themes/fmqq-vs-kweb Free to use with attribution; the underlying files are at Open data.