KraneShares CSI China Internet ETF (KWEB) is a China-focused ETF. As of October 28, 2026, ETF Copilot scores KWEB 3.6 out of 10 — highest on Value (9.8), lowest on Return (0.1). It trades at 11.9 times earnings, against its own median of 20.2. Its ten largest holdings are 61% of the fund.
What stands out in KWEB's data
Tracks Chinese internet innovators in the digital economy sector.
Priced cheaper than its own history and most peers — you pay less for the same earnings.
EBITDA multiple of 6.1x is below the category median of 7.8x and well under its own 15.2x historical median. Holdings 45.
Functions as a concentrated China internet exposure for a portfolio already holding broad emerging market equities.
Why did KWEB move this week? It fell 3.2% in the week to October 28, 2026 — Netease and Alibaba drove it
KWEB fell 3.2% in the week to October 28, 2026. The holdings that moved it most were Netease (−9.4%), Alibaba (−4.6%) and Lenovo (−8.5%); Knowledge Atlas Technology JSC (+15.3%) pushed the other way.
How is KWEB rated? ETF Copilot scores KraneShares CSI China Internet ETF (KWEB) 3.6 out of 10
As of October 28, 2026, ETF Copilot scores KraneShares CSI China Internet ETF (KWEB) 3.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.6 / 10
- Growth: 7.0 / 10
- Value: 9.8 / 10
- Risk: 0.4 / 10
- Quality: 1.0 / 10
- Return: 0.1 / 10
Is KWEB expensive right now? It trades at 11.9 times earnings, against its own median of 20.2
As of October 28, 2026, KWEB is cheaper than 99% of its own last 9 years.
Trailing 12 months, built from KWEB's holdings. How we calculate this →
What's inside KWEB? 26% Tech
What's inside KWEB: Size (Large 50%, Mid 33%, Small 17%); Geography (International 100%, US 0%); Tech 25.7%; Semiconductors 0.2%; Memory 2.2%.
What are KWEB's top holdings? The ten largest are 61% of the fund
Tencent, Alibaba, Pinduoduo, Meituan, Netease, KE, Lenovo, JD.com, Trip.com and Full Truck Alliance 20 ADR a 1:20 are KWEB's largest holdings, in that order.
More concentrated than 83% of China ETFs.
Half of KWEB's weight sits in its 7 largest positions, and once those weights are taken into account it behaves like 20 equally weighted holdings.
What is KWEB's expense ratio? 0.69% a year
As of October 28, 2026, KWEB charges 0.69% a year, yields 9.13% and holds $4.3B in assets across 45 positions.
| Measure | KWEB |
|---|---|
| Expense ratio | 0.69% |
| Dividend yield | 9.13% |
| Assets under management | $4.3B |
| Holdings | 45 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “KraneShares CSI China Internet ETF (KWEB) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/kweb
ETF Copilot Pro unlocks KWEB's price and what each holding weighs.
Try Pro free →