KWEB vs FXI: Holdings Overlap
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
FXIiShares China Large-Cap ETF
iShares · 52 holdings · $4.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (KWEB: 2026-03-31, FXI: 2026-04-30). 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 FXI?
KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31 positions; iShares China Large-Cap ETF (FXI, by iShares) holds 52. They have 8 holdings in common, and by portfolio weight the two funds are 34.6% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 34.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 8KWEB holds 31 · FXI holds 52
- Weight in Shared Holdings
- KWEB 48%·FXI 35%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
23 of 31 positions (51.5% of the fund) are not held by FXI.
Only in FXI
44 of 52 positions (65.4% of the fund) are not held by KWEB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KWEB | FXI |
|---|---|---|
| Consumer Discretionary | 39.5% | 25.4% |
| Financials | 0.0% | 31.0% |
| Communication Services | 29.3% | 15.4% |
| Energy | 0.0% | 5.6% |
| Information Technology | 0.0% | 5.4% |
| Other Sectors | 11.9% | 8.8% |
| Unclassified | 19.2% | 8.3% |
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, 8% of FXI).
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% |
| FXI | +11.3% | -4.8% | -2.4% | +10.4% | +0.1% | +2.5% | 1.88% |
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 FXI →
Shared Holdings(8)
The top 8 shared positions account for 100% of the overlap, led by 9988, 700 and 3690.
 9988Alibaba Group Holding Ltd | 8.93% | 8.66% | 8.66% |
|---|---|---|---|
 700Tencent Holdings Ltd. | 10.09% | 7.72% | 7.72% |
 3690Meituan, B Shares | 7.36% | 4.79% | 4.79% |
 9999NetEase Inc | 5.91% | 3.56% | 3.56% |
 9618JD.com Inc | 4.91% | 3.00% | 3.00% |
 9888Baidu, Inc., A Shares | 4.28% | 2.83% | 2.83% |
 9961Trip.com Group Ltd | 3.56% | 2.69% | 2.69% |
 1024Kuaishou Technology | 3.33% | 1.31% | 1.31% |
Frequently Asked Questions
How much do KWEB and FXI overlap?
KWEB and FXI overlap by 34.6% of portfolio weight. They share 8 holdings (KWEB holds 31 positions and FXI holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KWEB and FXI?
The two portfolios are 34.6% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of KWEB and FXI?
The largest positions held by both funds are 9988, 700, 3690, 9999 and 9618. Together the top 8 shared positions account for 100% of the total overlap.
What does KWEB own that FXI doesn't?
23 positions (51.5% of KWEB) are unique to KWEB, led by PDD, 2423 and 6618. In the other direction, 44 positions (65.4% of FXI) are unique to FXI.