Data as of .
ISHP vs KWEB: which is really different?
ISHP and KWEB hold 11% of their weight in the same names, and ISHP returned more over the year.
ETFIQ Off-Index Score: KWEB 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
11% of the two portfolios are the same securities at the same weight.
What they hold in common
By the books each fund has filed, ISHP and KWEB hold 11% of their money in the same securities at the same weight.
| Holding | ISHP | KWEB |
|---|---|---|
| JD Health International Inc. | 1.65% | 2.52% |
| Meituan (Class B) | 1.54% | 7.09% |
| PDD Holdings Inc. (ADR) | 1.52% | 8.17% |
| Kuaishou Technology | 1.21% | 2.99% |
| Only in ISHP | Only in KWEB |
|---|---|
| A.P. Moeller - Maersk A/S (Class B) 2.36% | TENCENT HOLDINGS LTD 9.96% |
| Allegro.eu SA 2.11% | ALIBABA GROUP HOLDING LTD 8.70% |
| LY Corp. 2.07% | LENOVO GROUP LTD 6.63% |
| Cosco Shipping Holdings Company, Ltd. (Class H) 1.98% | NETEASE INC 6.26% |
| Snap Inc. (Class A) 1.95% | KE HOLDINGS INC-CL A 4.23% |
| NAVER Corporation 1.94% | JD.COM INC-CLASS A 3.87% |
| Best Buy Co., Inc. 1.93% | TRIP.COM GROUP LTD 3.57% |
| PayPal Holdings, Inc. 1.92% | 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 Sep 18, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| ISHP | KWEB | ISHP | KWEB | ISHP | KWEB | |
| 3 months | +2.5% | −1.6% | +0.3 pts | −3.9 pts | +5.0 pts | +0.9 pts |
| 6 months | +4.2% | −12.0% | −13.8 pts | −30.1 pts | −20.1 pts | −36.3 pts |
| 1 year | −19.2% | −37.3% | −35.8 pts | −53.8 pts | −41.0 pts | −59.0 pts |
| 3 years | +35.3% | +0.7% | −43.1 pts | −77.7 pts | −62.8 pts | −97.5 pts |
| Since launch | +91.9% | +21.7% | −226.2 pts | −436.7 pts | −465.2 pts | −928.1 pts |
| ISHP First Trust S-Network E-Commerce ETF Holds 66 stocks in internet and e-commerce, 40% 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 | First Trust | KraneShares |
| Theme | Internet and e-commerce | Internet and e-commerce |
| In the S&P 500 | 39.9% | 0.0% |
| Active share vs the S&P 500 | 92.6% | 100.0% |
| In the Nasdaq-100 | 20.3% | 8.2% |
| Holdings | 66 | 46 |
| Top ten, share of the fund | 20.1% | 61.7% |
| Expense ratio | 0.60% | 0.69% |
| Fee for the differing part | 0.65% | 0.69% |
| Total return, 1 year | −19.2% | −37.3% |
| vs the S&P 500 | −35.8 pts | −53.8 pts |
| vs the Nasdaq-100 | −41.0 pts | −59.0 pts |
| Below its high | −19.2% | −71.2% |
| Net assets | $5m | $4.7bn |
ISHP in plain words
By weight, 40% of ISHP's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 93%. The top ten holdings are 20% of the fund across 66 positions, as published by its issuer for Sep 18, 2026. Over the year to Sep 18, 2026 the fund returned −19.2% with distributions reinvested against +16.6% for the S&P 500, so a holder was behind by 35.8 pts. It sits 19.2% below its all-time high of Sep 18, 2025.
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 ISHP and KWEB hold the same stocks?
- By their latest filings, 11% 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, ISHP or KWEB?
- ISHP has 40% of its weight in S&P 500 names and KWEB has 0%, so KWEB differs more from the index.
- Which is cheaper, ISHP or KWEB?
- ISHP charges 0.60% a year and KWEB charges 0.69%, so ISHP 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, ISHP against KWEB, data as of Sep 18, 2026. https://etfiq.com/compare/themes/ishp-vs-kweb Free to use with attribution; the underlying files are at Open data.