Do ISHP and KWEB hold the same stocks?

By their latest filings, 7% 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, ISHP or KWEB?

ISHP has 41% 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.

Data as of Nov 4, 2026.

Thematic ETFs

ISHP vs KWEB: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, ISHP returned −6.8% to KWEB's −34.0%; 7% of their weight is in the same names.

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Net assets: $5.3m on Nov 3, 2026 for First Trust S-Network E-Commerce ETF, and $4.4bn on Nov 4, 2026 for KraneShares CSI China Internet ETF.

ISHP on its own →KWEB on its own →

At a glance

40.6%

ISHP in the S&P 500

0.0%

KWEB in the S&P 500

−6.8%

ISHP total return, 1 year

−34.0%

KWEB total return, 1 year

ISHP · 1 year to Nov 4, 2026 59% of its weight is outside the S&P 500

41% of ISHP's weight is in S&P 500 companies and 59% is outside the index. Holdings as of Nov 3, 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

ISHP costs 0.09 points a year less; their one-year returns differ by 27.2 points; KWEB is far larger, $4.3bn against $5.3m.

Points (pts) are percentage points.

ISHP vs KWEB: Holdings Overlap & Returns
Measure	ISHP	KWEB
Return
Measure	ISHP	KWEB
Total return, 1 year	−6.8%	−34.0%
Drawdown
Measure	ISHP	KWEB
Below its all-time high	13.7%, high on Sep 18, 2025	71.8%, high on Feb 17, 2021
Against its benchmark
Measure	ISHP	KWEB
What it tracks	Internet and e-commerce	Internet and e-commerce
Its benchmark, total return, 1 year	+15.0%
Against its benchmark, 1 year	behind by 21.8 pts
Cost and size
Measure	ISHP	KWEB
Expense ratio	0.60%	0.69%
Net assets, as of Nov 3, 2026	$5.3m	$4.3bn
Holdings
Measure	ISHP	KWEB
Holdings in common	7%

Method

What they share

By the books each fund has filed, ISHP and KWEB hold 7% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026 and Nov 4, 2026.

50%

0 half 100%

half

7% in common

Positions both hold · largest shared weight first ISHP KWEB

JD Health International Inc. 1.84% 2.87%

Meituan (Class B) 1.73% 7.56%

PDD Holdings Inc. (ADR) 1.66% 8.67%

Kuaishou Technology 1.56% 2.81%

Only in one fund ↓

Only in ISHP

Fiserv, Inc. 2.06%

Scout24 SE 1.94%

Global Payments Inc. 1.92%

United Parcel Service, Inc. (Class B) 1.88%

lululemon athletica inc. 1.87%

Allegro.eu SA 1.86%

Autotrader Group Plc 1.84%

CAR Group Limited 1.83%

Only in KWEB

TENCENT HOLDINGS LTD 9.92%

ALIBABA GROUP HOLDING LTD 8.55%

NETEASE INC 6.57%

KE HOLDINGS INC-CL A 4.92%

JD.COM INC-CLASS A 4.28%

LENOVO GROUP LTD 3.89%

TRIP.COM GROUP LTD 3.82%

FULL TRUCK ALLIANCE -SPN ADR 3.24%

Check overlap with more funds →

Window by window

Window by window: ISHP vs KWEB: Holdings Overlap & Returns
	Total return		vs its benchmark
Window	ISHP	KWEB	ISHP	KWEB
3 months	+0.4%	−14.8%	+1.7 pts vs ACWI	not measured
6 months	+3.8%	−18.3%	+1.2 pts vs ACWI	not measured
1 year	−6.8%	−34.0%	−21.8 pts vs ACWI	not measured
3 years	+48.4%	−0.8%	−29.2 pts vs ACWI	not measured
Since launchNot the same days: ISHP Oct 2016 · KWEB Aug 2013	+105.0%	+19.2%	−122.5 pts vs ACWI	not measured

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Side by side

ISHP First Trust S-Network E-Commerce ETF · Holds 60 stocks in internet and e-commerce, 41% 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 First Trust KraneShares

Theme Internet and e-commerce Internet and e-commerce

In the S&P 500 40.6% 0.0%

Active share vs the S&P 500 93.3% 100.0%

In the Nasdaq-100 19.0% 8.7%

Holdings 60 45

Top ten, share of the fund 18.9% 61.4%

Expense ratio 0.60% 0.69%

Fee for the differing part 0.64% 0.69%

Total return, 1 year −6.8% −34.0%

vs its benchmark −21.8 pts vs ACWI not measured

Below its high −13.7% −71.8%

Net assets, ISHP as of Nov 3, 2026 and KWEB as of Nov 4, 2026 $5.3m $4.4bn

As of Nov 4, 2026. Source: ETFIQ.

7% of the two portfolios are the same securities at the same weight.

Alert

About each fund

ISHP

By weight, 41% 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 19% of the fund across 60 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned −6.8% with distributions reinvested against +15.0% for its benchmark, the MSCI ACWI Index, so a holder was behind by 21.8 pts. It sits 13.7% below its all-time high of Sep 18, 2025.

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 ISHP and KWEB hold the same stocks?: By their latest filings, 7% 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, ISHP or KWEB?: ISHP has 41% 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

ISHP vs FDN ISHP vs ARKW ISHP vs PNQI ISHP vs EMQQ KWEB vs ARKW KWEB vs FDN KWEB vs FDNI KWEB vs ONLN

Where to next

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

Sources and dates

ISHP filings on SEC EDGAR ↗

ISHP prospectus with the expense ratio (SEC) ↗

First Trust page for ISHP ↗

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

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