KWEB vs EEM: Holdings Overlap
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
EEMiShares MSCI Emerging Markets ETF
iShares · 1246 holdings · $30.2B · as of 2026-05-31
Holdings snapshots are 61 days apart (KWEB: 2026-03-31, EEM: 2026-05-31). 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 KWEB and EEM?
KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31 positions; iShares MSCI Emerging Markets ETF (EEM, by iShares) holds 1246. They have 21 holdings in common, and by portfolio weight the two funds are 7.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 21KWEB holds 31 · EEM holds 1246
- Weight in Shared Holdings
- KWEB 88%·EEM 7%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 KWEB
10 of 31 positions (11.9% of the fund) are not held by EEM.
Only in EEM
1225 of 1246 positions (92.6% of the fund) are not held by KWEB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KWEB | EEM |
|---|---|---|
| Information Technology | 0.0% | 41.0% |
| Consumer Discretionary | 39.5% | 6.8% |
| Communication Services | 29.3% | 5.3% |
| Financials | 0.0% | 12.6% |
| Real Estate | 4.3% | 0.6% |
| Other Sectors | 7.6% | 12.0% |
| Unclassified | 19.2% | 21.6% |
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 (19% of KWEB, 22% of EEM).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| KWEB | +12.3% | -15.8% | -15.2% | +2.0% | -6.7% | +0.1% | 7.31% |
| EEM | -0.1% | +20.6% | +35.3% | +20.3% | +7.3% | +8.4% | 1.70% |
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 KWEB vs EEM →
Shared Holdings(21)
The top 10 shared positions account for 96% of the overlap, led by 700, 9988 and PDD.
 700Tencent Holdings Ltd. | 10.09% | 2.71% | 2.71% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 8.93% | 2.08% | 2.08% |
 PDDPDD Holdings Inc. SPONSORED ADS | 8.78% | 0.47% | 0.47% |
 3690Meituan, B Shares | 7.36% | 0.38% | 0.38% |
 9999NetEase Inc | 5.91% | 0.33% | 0.33% |
 9888Baidu, Inc., A Shares | 4.28% | 0.29% | 0.29% |
 9618JD.com Inc | 4.91% | 0.27% | 0.27% |
 9961Trip.com Group Ltd | 3.56% | 0.23% | 0.23% |
 1024Kuaishou Technology | 3.33% | 0.12% | 0.12% |
 2423KE Holdings Inc | 4.34% | 0.09% | 0.09% |
 6618JD Health International Inc | 4.01% | 0.04% | 0.04% |
 TMETencent Music Entertainment Group SPON ADS | 2.50% | 0.04% | 0.04% |
 BZKanzhun Ltd | 2.86% | 0.04% | 0.04% |
 VIPSVipshop Holdings Ltd | 2.70% | 0.03% | 0.03% |
 9626Bilibili Inc., Z Shares | 3.17% | 0.03% | 0.03% |
 TALTAL Education Group | 3.24% | 0.03% | 0.03% |
 3888Kingsoft Corp. Ltd. | 1.82% | 0.02% | 0.02% |
 241Alibaba Health Information Technology Ltd | 2.23% | 0.02% | 0.02% |
 780Tongcheng Travel Holdings Ltd | 1.90% | 0.02% | 0.02% |
 9899NetEase Cloud Music Inc | 1.06% | 0.01% | 0.01% |
 C2XChina Literature Ltd. | 0.98% | 0.01% | 0.01% |
Frequently Asked Questions
How much do KWEB and EEM overlap?
KWEB and EEM overlap by 7.3% of portfolio weight. They share 21 holdings (KWEB holds 31 positions and EEM holds 1246), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KWEB and EEM?
The two portfolios are 7.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of KWEB and EEM?
The largest positions held by both funds are 700, 9988, PDD, 3690 and 9999. Together the top 10 shared positions account for 96% of the total overlap.
What does KWEB own that EEM doesn't?
10 positions (11.9% of KWEB) are unique to KWEB, led by YMM, 2400 and 1797. In the other direction, 1225 positions (92.6% of EEM) are unique to EEM.