KWEB vs QQQ
KraneShares CSI China Internet ETF vs Invesco QQQ Trust, Series 1
Which is better, KWEB or QQQ?
Large Cap Blend against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 60.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | KWEB | QQQ |
|---|---|---|
| Expense Ratio | 0.69% | 0.18%Best |
| AUM | $5.2B | $486.1B |
| Dividend Yield | 7.43% | 0.44% |
| Holdings | 34 | 107 |
| YTD Return | -28.82% | +17.44%Best |
| 1Y Return | -31.08% | +24.69%Best |
| 3Y Return (annualized) | +0.37% | +24.76%Best |
| 5Y Return (annualized) | -10.51% | +14.22%Best |
| Volatility (annualized) | 33.5% | 17.9%Best |
| Max Drawdown | -80.9% | -35.1%Best |
| $10,000 over 5 years | $5,739 | $19,441Best |
| Top 10 Weight | 60.9% | 46.5%Best |
| Fund Family | KraneShares | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Growth |
| Inception | Jul 31, 2013 | Mar 10, 1999 |
Volatility and max drawdown are measured over the window both funds cover: Aug 1, 2013 to Sep 8, 2026 (13.1 years).
KWEB vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.1 years both funds cover.
KWEB vs QQQ Performance
KraneShares CSI China Internet ETF (KWEB) is an ETF from KraneShares and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year KWEB returned -31.08% while QQQ returned +24.69%. Year to date, KWEB is down 28.82% versus a gain of 17.44% for QQQ.
Over three years, KWEB compounded at +0.37% per year against +24.76% for QQQ; over five years the annualized figures are -10.51% and +14.22% respectively. Across the full 13-year window we track, QQQ has the edge at +18.93% annualized vs +1.67%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KWEB has been the more volatile fund, with annualized monthly volatility of 33.5% compared with 17.9% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -80.9% for KWEB and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
KWEB charges 0.69% per year while QQQ charges 0.18%. On a $10,000 position that is $69 vs $18 annually, a gap of $51 per year that compounds over a long holding period. On income, KWEB currently yields 7.43% against 0.44% for QQQ.
Holdings Overlap
8.2% of KWEB's money is in holdings QQQ also owns. 0.3% of QQQ's money is in holdings KWEB also owns.
KWEB and QQQ share little of their money.
1 positions in common, counted across the 31 positions we hold weights for in KWEB and 102 in QQQ, against full books of 34 and 107.
What only one of them owns
Our book lists 94 positions for QQQ that do not appear in our book for KWEB (96.8% of the fund), and 4 for KWEB that do not appear in QQQ (13.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in KWEB | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IEPdd Holdings Inc | 8.22% | 0.27% | 7.95% |
You are not choosing between two funds in isolation.
Whichever of KWEB and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, KWEB or QQQ?
KWEB has an expense ratio of 0.69% while QQQ charges 0.18%. QQQ is the cheaper option, by $51 a year on a $10,000 investment.
Which performed better, KWEB or QQQ?
Over the past year KWEB returned -31.08% vs +24.69% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (13 years), KWEB annualized +1.67% vs +18.93% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KWEB or QQQ?
KWEB has been the more volatile fund at 33.5% annualized versus 17.9% for QQQ. Worst drawdown: KWEB -80.9% vs QQQ -35.1%.
Should I hold both KWEB and QQQ?
KWEB and QQQ have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between KWEB and QQQ?
8.2% of KWEB's money is in holdings QQQ also owns. 0.3% of QQQ's is in holdings KWEB also owns. They hold 1 positions in common, counted across the 31 positions we hold weights for in KWEB and 102 in QQQ.
Which pays a higher dividend, KWEB or QQQ?
KWEB yields 7.43% while QQQ yields 0.44%, so KWEB currently pays the higher dividend yield.
Is QQQ better than KWEB?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. QQQ is less concentrated, with 46.5% of the fund in its ten largest positions against 60.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.