Do IFRA 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, IFRA or KWEB?

IFRA has 72% of its weight in S&P 500 names and KWEB has 0%, so KWEB differs more from the index.

Which is cheaper, IFRA or KWEB?

IFRA charges 0.30% a year and KWEB charges 0.69%, so IFRA is cheaper. Fees come from each fund's prospectus.

Data as of Oct 28, 2026.

Thematic ETFs

IFRA vs KWEB: Holdings Overlap & Returns

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Over the year to Oct 28, 2026, IFRA returned +9.4% to KWEB's −40.6%; 0% of their weight is in the same names.

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Net assets: $4.0bn on Oct 27, 2026 for iShares U.S. Infrastructure ETF, and $4.3bn on Oct 28, 2026 for KraneShares CSI China Internet ETF.

IFRA on its own →KWEB on its own →

At a glance

72.1%

IFRA in the S&P 500

0.0%

KWEB in the S&P 500

+9.4%

IFRA total return, 1 year

−40.6%

KWEB total return, 1 year

IFRA · 1 year to Oct 28, 2026 28% of its weight is outside the S&P 500

72% of IFRA's weight is in S&P 500 companies and 28% is outside the index. Holdings as of Oct 27, 2026.

KWEB · 1 year to Oct 28, 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 Oct 28, 2026.

Pair scorecard

IFRA costs 0.39 points a year less; their one-year returns differ by 50.0 points; KWEB is 1.1 times larger.

IFRA vs KWEB: Holdings Overlap & Returns
Measure	IFRA	KWEB
Return
Measure	IFRA	KWEB
Total return, 1 year	+9.4%	−40.6%
Drawdown
Measure	IFRA	KWEB
Below its all-time high	9.6%, high on Jun 25, 2026	73.4%, high on Feb 17, 2021
Benchmark
Measure	IFRA	KWEB
What it tracks	Infrastructure	Internet and e-commerce
Cost and size
Measure	IFRA	KWEB
Expense ratio	0.30%	0.69%
Net assets, as of Oct 27, 2026	$4.0bn	$4.3bn
Holdings
Measure	IFRA	KWEB
Holdings in common	0%

Holdings in common uses holdings dated Oct 27, 2026 and Oct 28, 2026. Method

Risk and return

Apr 13, 2018 to Oct 23, 2026 · 445 weekly returns

IFRA KWEB

Return

Total return edge IFRA +163.5% −51.5%

Annualized edge IFRA +12.0% −8.1%

Price return edge IFRA +121.3% −61.0%

Risk

Volatility edge IFRA 21.6% 39.0%

Max drawdown edge IFRA −39.2% −79.9%

Risk-adjusted

Sharpe edge IFRA 0.50 −0.10

Sortino edge IFRA 0.72 −0.15

Calmar edge IFRA 0.31 −0.10

Reading

IFRA returned more: +163.5% to −51.5%. IFRA swung less: 21.6% to 39.0%. IFRA fell less at its worst: −39.2% to −79.9%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: IFRA vs KWEB: Holdings Overlap & Returns
Measure	IFRA	KWEB	Edge	How it is measured
Return
Total return	+163.5%	−51.5%	IFRA	Price change plus distributions, reinvested.
Annualized	+12.0%	−8.1%	IFRA	Total return as a yearly rate.
Price return	+121.3%	−61.0%	IFRA	Price change alone, distributions left out.
Risk
Volatility	21.6%	39.0%	IFRA	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	15.1%	25.8%	IFRA	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−39.2%	−79.9%	IFRA	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.50	−0.10	IFRA	Return above Treasury bills per unit of volatility.
Sortino	0.72	−0.15	IFRA	Return above Treasury bills per unit of downside deviation.
Calmar	0.31	−0.10	IFRA	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 445 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

By the books each fund has filed, IFRA and KWEB hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026 and Oct 28, 2026.

50%

0 half 100%

half

0% in common

Positions both hold · largest shared weight first IFRA KWEB

Only in one fund ↓

Only in IFRA

UNION PACIFIC 4.24%

NEXTERA ENERGY 4.04%

CSX 3.81%

CATERPILLAR INC 3.59%

QUANTA SERVICES INC 3.39%

SOUTHERN 3.09%

NORFOLK SOUTHERN CORP 3.00%

UNITED RENTALS 2.84%

Only in KWEB

TENCENT HOLDINGS LTD 9.90%

ALIBABA GROUP HOLDING LTD 8.70%

PDD HOLDINGS INC 8.45%

MEITUAN-CLASS B 7.40%

NETEASE INC 6.54%

KE HOLDINGS INC-CL A 4.97%

LENOVO GROUP LTD 4.59%

JD.COM INC-CLASS A 4.16%

Check overlap with more funds →

Window by window

Window by window: IFRA vs KWEB: Holdings Overlap & Returns
	Total return
Window	IFRA	KWEB
3 months	−3.4%	−17.3%
6 months	−3.8%	−17.9%
1 year	+9.4%	−40.6%
3 years	+76.3%	−3.2%
Since launchNot the same days: IFRA Apr 2018 · KWEB Aug 2013	+167.2%	+12.7%

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Side by side

IFRA iShares U.S. Infrastructure ETF · Holds 164 stocks in infrastructure, 72% 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 iShares KraneShares

Theme Infrastructure Internet and e-commerce

In the S&P 500 72.1% 0.0%

Active share vs the S&P 500 95.7% 100.0%

In the Nasdaq-100 11.2% 8.4%

Holdings 164 45

Top ten, share of the fund 33.4% 61.5%

Expense ratio 0.30% 0.69%

Fee for the differing part 0.31% 0.69%

Total return, 1 year +9.4% −40.6%

vs its benchmark not measured not measured

Below its high −9.6% −73.4%

Net assets, IFRA as of Oct 27, 2026 and KWEB as of Oct 28, 2026 $4.0bn $4.3bn

As of Oct 28, 2026. Source: ETFIQ.

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

Client brief · page 1 of 2 Report BR-BA59E41CB8

IFRA and KWEB are built for the same job. How do they differ in cost, holdings and results?

Theme. IFRA covers Infrastructure and KWEB covers Internet and e-commerce.
Concentration. The top ten holdings are 33.4% of IFRA and 61.5% of KWEB, a gap of 28.1 points.
What each follows. IFRA follows Infrastructure and KWEB follows Internet and e-commerce.

Data as of Oct 28, 2026.

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About each fund

IFRA

By weight, 72% of IFRA's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 96%. The top ten holdings are 33% of the fund across 164 positions, as published by its issuer for Oct 27, 2026. Over the year to Oct 28, 2026 the fund returned +9.4% with distributions reinvested. It sits 9.6% below its all-time high of Jun 25, 2026.

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 62% of the fund across 45 positions, as published by its issuer for Oct 28, 2026. Over the year to Oct 28, 2026 the fund returned −40.6% with distributions reinvested. It sits 73.4% below its all-time high of Feb 17, 2021.

Questions people ask

Do IFRA 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, IFRA or KWEB?: IFRA has 72% of its weight in S&P 500 names and KWEB has 0%, so KWEB differs more from the index.
Which is cheaper, IFRA or KWEB?: IFRA charges 0.30% a year and KWEB charges 0.69%, so IFRA is cheaper. Fees come from each fund's prospectus.

Other comparisons

IFRA vs FDN IFRA vs BOTZ IFRA vs NLR IFRA vs ARKG KWEB vs IGF KWEB vs PAVE KWEB vs ARTY KWEB vs XME

Where to next

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

Sources and dates

IFRA filings on SEC EDGAR ↗

IFRA prospectus with the expense ratio (SEC) ↗

iShares page for IFRA ↗

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.

Cite this pageCitation, APA and Markdown

ETFIQ, IFRA against KWEB, data as of Oct 28, 2026. https://etfiq.com/compare/themes/ifra-vs-kweb

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