AVEM vs KWEB: Holdings Overlap
AVEMAvantis Emerging Markets Equity ETF
Avantis · 3893 holdings · $25.8B · as of 2026-05-31
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
Holdings snapshots are 61 days apart (AVEM: 2026-05-31, KWEB: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are AVEM and KWEB?
Avantis Emerging Markets Equity ETF (AVEM, by Avantis) holds 3893 positions; KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31. They have 21 holdings in common, and by portfolio weight the two funds are 3.1% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21AVEM holds 3893 · KWEB holds 31
- Weight in Shared Holdings
- AVEM 3%·KWEB 60%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in AVEM
3872 of 3893 positions (96.9% of the fund) are not held by KWEB. Showing the top 30 by weight.
Sector Breakdown
| Sector | AVEM | KWEB |
|---|---|---|
| Consumer Discretionary | 5.1% | 39.5% |
| Information Technology | 33.8% | 0.0% |
| Communication Services | 3.1% | 29.3% |
| Financials | 10.7% | 0.0% |
| Real Estate | 0.4% | 4.3% |
| Other Sectors | 10.4% | 7.6% |
| Unclassified | 36.5% | 19.2% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (37% of AVEM, 19% of KWEB).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| AVEM | -0.3% | +20.6% | +33.7% | +21.9% | +9.9% | — | 1.90% |
| KWEB | +12.3% | -15.8% | -15.2% | +2.0% | -6.7% | +0.1% | 7.31% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in AVEM vs KWEB →
Shared Holdings(21)
The top 10 shared positions account for 96% of the overlap, led by 700, PDD and 1024.
 700Tencent Holdings Ltd. | 1.51% | 10.09% | 1.51% |
|---|---|---|---|
 PDDPDD Holdings Inc. SPONSORED ADS | 0.70% | 8.78% | 0.70% |
 1024Kuaishou Technology | 0.25% | 3.33% | 0.25% |
 VIPSVipshop Holdings Ltd | 0.15% | 2.70% | 0.15% |
 3690Meituan, B Shares | 0.12% | 7.36% | 0.12% |
 QFINQfin Holdings Inc | 0.07% | 0.98% | 0.07% |
 780Tongcheng Travel Holdings Ltd | 0.05% | 1.90% | 0.05% |
 6618JD Health International Inc | 0.05% | 4.01% | 0.05% |
 TMETencent Music Entertainment Group SPON ADS | 0.04% | 2.50% | 0.04% |
 ATHMAutohome Inc. SP ADS RP CL A | 0.03% | 0.72% | 0.03% |
 3888Kingsoft Corp. Ltd. | 0.03% | 1.82% | 0.03% |
 1060Damai Entertainment Holdings Ltd | 0.02% | 0.55% | 0.02% |
 WBWeibo Corp. SPONSORED ADR | 0.02% | 0.50% | 0.02% |
 2400XD Inc | 0.02% | 1.34% | 0.02% |
 6060ZhongAn Online P&C Insurance Co Ltd | 0.01% | 1.10% | 0.01% |
 JOYYJOYY Inc. ADS REPSTG COM A | 0.01% | 1.04% | 0.01% |
 BZKanzhun Ltd | 0.01% | 2.86% | 0.01% |
 1797East Buy Holding Ltd | 0.00% | 1.12% | 0.00% |
 9618JD.com Inc | 0.00% | 4.91% | 0.00% |
 9899NetEase Cloud Music Inc | 0.00% | 1.06% | 0.00% |
| Ping An Healthcare and Technology Co Ltd | 0.00% | 0.97% | 0.00% |
Frequently Asked Questions
How much do AVEM and KWEB overlap?
AVEM and KWEB overlap by 3.1% of portfolio weight. They share 21 holdings (AVEM holds 3893 positions and KWEB holds 31), based on each fund's latest SEC-reported holdings.
Is it redundant to own both AVEM and KWEB?
The two portfolios are 3.1% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of AVEM and KWEB?
The largest positions held by both funds are 700, PDD, 1024, VIPS and 3690. Together the top 10 shared positions account for 96% of the total overlap.
What does AVEM own that KWEB doesn't?
3872 positions (96.9% of AVEM) are unique to AVEM, led by 000660, TSM and SMSNRUB. In the other direction, 10 positions (40.2% of KWEB) are unique to KWEB.