KWEB vs QQQ: Holdings Overlap
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
QQQInvesco QQQ Trust, Series 1
Invesco · 101 holdings · $479.2B · as of 2026-03-31
How similar are KWEB and QQQ?
KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31 positions; Invesco QQQ Trust, Series 1 (QQQ, by Invesco) holds 101. They have 1 holdings in common, and by portfolio weight the two funds are 0.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1KWEB holds 31 · QQQ holds 101
- Weight in Shared Holdings
- KWEB 9%·QQQ 0%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
30 of 31 positions (91.1% of the fund) are not held by QQQ.
Sector Breakdown
| Sector | KWEB | QQQ |
|---|---|---|
| Information Technology | 0.0% | 49.7% |
| Consumer Discretionary | 39.5% | 12.6% |
| Communication Services | 29.3% | 16.0% |
| Consumer Staples | 4.0% | 8.5% |
| Health Care | 0.0% | 5.1% |
| Other Sectors | 7.9% | 8.0% |
| Unclassified | 19.2% | 0.0% |
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, 0% of QQQ).
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% |
| QQQ | +1.9% | +18.0% | +27.6% | +25.2% | +15.2% | +20.8% | 0.42% |
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 QQQ →
Shared Holdings(1)
 PDDPDD Holdings Inc. SPONSORED ADS | 8.78% | 0.39% | 0.39% |
|---|
Frequently Asked Questions
How much do KWEB and QQQ overlap?
KWEB and QQQ overlap by 0.4% of portfolio weight. They share 1 holdings (KWEB holds 31 positions and QQQ holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KWEB and QQQ?
The two portfolios are 0.4% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of KWEB and QQQ?
The largest positions held by both funds are PDD. Together the top 1 shared positions account for 99% of the total overlap.
What does KWEB own that QQQ doesn't?
30 positions (91.1% of KWEB) are unique to KWEB, led by 700, 9988 and 3690. In the other direction, 100 positions (99.5% of QQQ) are unique to QQQ.