KraneShares CSI China Internet ETF (KWEB) Performance
KWEB total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −32.0% since Dec 31, 2025
- 1 year
- −39.0% total return
- 5 years
- −12.1% a year
- 10 years
- −3.3% a year
- Since first price
- +0.9% a year since 2013
KWEB trailing returns vs SPY, QQQ, AGG
| Period | KWEB total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −6.9% | −6.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −11.9% | −11.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.6% | −18.6% | +7.8% | +8.4% | −1.5% |
| YTD | −32.0% | −32.0% | +12.3% | +15.1% | −1.0% |
| 1 year | −39.0% | −42.5% | +14.4% | +15.9% | −1.1% |
| 3 years | −0.2%−0.1%/yr | −10.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −47.5%−12.1%/yr | −56.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | −28.7%−3.3%/yr | −43.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionAug 1, 2013 | +13.3%+0.9%/yr | −11.9% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: KWEB vs SPY
From Aug 1, 2013: KWEB grew to $11,326, SPY to $55,670.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
KWEB returns by calendar year
6 of 12 full years positive. Best 2017 (+69.7%), worst 2021 (−49.0%). 2026 is year to date.
KWEB annual returns table
| Year | KWEB | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −32.0% | −38.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +23.5% | −26.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.0% | −23.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −9.1% | −31.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.2% | −52.7% | −18.2% | −32.6% | −13.0% |
| 2021 | −49.0% | −64.7% | +28.7% | +27.4% | −1.8% |
| 2020 | +58.2% | −26.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +29.9% | −22.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −33.8% | −44.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +69.7% | −10.5% | +21.7% | +32.7% | +3.6% |
| 2016 | −8.5% | −20.4% | +12.0% | +7.1% | +2.4% |
| 2015 | +18.4% | −36.7% | +1.2% | +9.4% | +0.5% |
| 2014 | −1.5% | −26.2% | +13.5% | +19.2% | +6.0% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
KWEB largest drawdowns
Now 73.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −80.9% | Oct 24, 2022 | not yet | 1.7 years | 5.7 years so far |
| Jan 26, 2018 | −45.2% | Jan 3, 2019 | Jul 6, 2020 | 11 months | 2.4 years |
| Jun 12, 2015 | −36.7% | Aug 24, 2015 | Apr 24, 2017 | 2 months | 1.9 years |
| Mar 6, 2014 | −26.2% | May 8, 2014 | May 21, 2015 | 2 months | 1.2 years |
| Oct 21, 2013 | −14.1% | Nov 7, 2013 | Dec 31, 2013 | 17 days | 2 months |
| Jan 22, 2014 | −10.9% | Feb 5, 2014 | Feb 18, 2014 | 14 days | 27 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
KWEB risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | −0.0% | −9.1% | −2.8% | +1.3% |
| Volatility (annualized) | 31.0% | 40.3% | 34.8% | 33.5% |
| Sharpe ratio | -0.00 | -0.14 | 0.02 | 0.15 |
| Sortino ratio | -0.00 | -0.23 | 0.03 | 0.23 |
| Best month | +32.4% | +48.0% | +48.0% | +48.0% |
| Worst month | −13.6% | −22.1% | −27.7% | −27.7% |
| Best 12 months | +53.7% | +53.7% | +84.3% | +84.3% |
| Worst 12 months | −38.1% | −56.8% | −60.0% | −60.0% |
| Positive months | 47% | 47% | 52% | 54% |
| Beta vs S&P 500 | 0.44 | 0.33 | 0.56 | — |
| Correlation with S&P 500 | 0.18 | 0.13 | 0.25 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
KWEB rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 147 | −60.0% | +2.7% | +84.3% | 52% |
| 3-year (a year) | 123 | −33.5% | +5.3% | +29.8% | 67% |
| 5-year (a year) | 99 | −17.6% | −5.2% | +23.7% | 42% |
| 10-year (a year) | 39 | −3.0% | +0.1% | +5.3% | 56% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
KWEB performance overview
KraneShares CSI China Internet ETF (KWEB) returned −39.0% over the past year and −3.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +0.9% a year, turning $10,000 into about $11,326. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −80.9%, from Feb 17, 2021 to Oct 24, 2022; the fund has not yet regained that high. KWEB finished 6 of its 12 full calendar years with a gain; the best year was 2017 (+69.7%) and the worst 2021 (−49.0%). Volatility has been 33.5% a year.
Related: KWEB chart, KWEB holdings, KWEB dividends. See the KWEB overview for the latest quote and fund facts.
KWEB performance FAQ
What is the KWEB return over the past year?
KWEB returned −39.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 42.5%.
What is the average annual return of KWEB?
KWEB has returned −12.1% a year over 5 years, −3.3% a year over 10 years, +0.9% a year since August 1, 2013 (total return, distributions reinvested).
How much would $10,000 invested in KWEB be worth?
$10,000 invested in KWEB at its first recorded close on August 1, 2013 would be worth about $11,326 on October 23, 2026 with distributions reinvested.
What was the worst year for KWEB?
The worst calendar year was 2021, with a total return of −49.0%. The best was 2017 at +69.7%.
What is the biggest drawdown of KWEB?
The largest peak-to-trough decline was −80.9% between February 17, 2021 and October 24, 2022. It has not yet recovered to that high; it is 73.2% below its peak.
How volatile is KWEB?
Over the past 3 years KWEB had an annualized volatility of 31.0% and a Sharpe ratio of -0.00 (excess return over 1–3 month T-bills per unit of risk).