Data as of .
KWEB vs SHLD: which is really different?
SHLD holds 40.5% of its weight in S&P 500 companies and KWEB 0.0%.
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 371 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
What they hold in common
By the books each fund has filed, KWEB and SHLD hold 0% of their money in the same securities at the same weight.
| Only in KWEB | Only in SHLD |
|---|---|
| TENCENT HOLDINGS LTD 10.25% | PALANTIR TECHNOLOGIES INC-A 10.28% |
| ALIBABA GROUP HOLDING LTD 8.61% | RTX CORPORATION 9.40% |
| PDD HOLDINGS INC 8.11% | GENERAL DYNAMICS CORP 8.73% |
| MEITUAN-CLASS B 7.32% | LOCKHEED MARTIN CORP 8.26% |
| NETEASE INC 6.25% | NORTHROP GRUMMAN CORP 7.86% |
| LENOVO GROUP LTD 5.56% | BAE SYSTEMS PLC 4.54% |
| KE HOLDINGS INC-CL A 4.41% | HANWHA AEROSPACE CO LTD 4.04% |
| JD.COM INC-CLASS A 3.94% | RHEINMETALL AG 3.82% |
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 11, 2026.
Performance, window by window
| Window | Total return | vs the S&P 500 | vs the Nasdaq-100 | |||
|---|---|---|---|---|---|---|
| KWEB | SHLD | KWEB | SHLD | KWEB | SHLD | |
| 3 months | −7.1% | −2.9% | −10.4 pts | −6.2 pts | −6.3 pts | −2.1 pts |
| 6 months | −18.4% | −18.1% | −34.5 pts | −34.1 pts | −39.1 pts | −38.8 pts |
| 1 year | −36.0% | −4.8% | −53.5 pts | −22.4 pts | −59.0 pts | −27.8 pts |
| 3 years | −1.9% | not published | −79.8 pts | not published | −97.0 pts | not published |
| Since launch | +20.6% | +153.8% | −438.4 pts | +76.2 pts | −919.7 pts | +59.5 pts |
| KWEB KraneShares CSI China Internet ETF Holds 45 stocks in internet and e-commerce, 0% of its weight in S&P 500 companies | SHLD Global X Defense Tech ETF Holds 52 stocks in defense, 40% of its weight in S&P 500 companies | |
|---|---|---|
| Issuer | KraneShares | Global X |
| Theme | Internet and e-commerce | Defense |
| In the S&P 500 | 0.0% | 40.5% |
| Active share vs the S&P 500 | 100.0% | 99.1% |
| In the Nasdaq-100 | 8.1% | 0.0% |
| Holdings | 45 | 52 |
| Top ten, share of the fund | 61.2% | 64.3% |
| Expense ratio | 0.69% | 0.50% |
| Fee for the differing part | 0.69% | 0.50% |
| Total return, 1 year | −36.0% | −4.8% |
| vs the S&P 500 | −53.5 pts | −22.4 pts |
| vs the Nasdaq-100 | −59.0 pts | −27.8 pts |
| Below its high | −71.5% | −20.6% |
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 61% of the fund across 45 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned −36.0% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 53.5 pts. It sits 71.5% below its all-time high of Feb 17, 2021.
SHLD in plain words
By weight, 40% of SHLD's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 99%. The top ten holdings are 64% of the fund across 52 positions, as published by its issuer for Sep 11, 2026. Over the year to Sep 11, 2026 the fund returned −4.8% with distributions reinvested against +17.5% for the S&P 500, so a holder was behind by 22.4 pts. It sits 20.6% below its all-time high of Mar 9, 2026.
Questions people ask
- Which is more different from the S&P 500, KWEB or SHLD?
- KWEB has 0% of its weight in S&P 500 names and SHLD has 40%, so KWEB differs more from the index.
- Which is cheaper, KWEB or SHLD?
- KWEB charges 0.69% a year and SHLD charges 0.50%, so SHLD 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, KWEB against SHLD, data as of Sep 11, 2026. https://etfiq.com/compare/themes/kweb-vs-shld Free to use with attribution; the underlying files are at Open data.