KWEB vs SCHE: Holdings Overlap
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
SCHESchwab Emerging Markets Equity ETF
Schwab · 2180 holdings · $12.7B · as of 2026-05-31
Holdings snapshots are 61 days apart (KWEB: 2026-03-31, SCHE: 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 SCHE?
KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31 positions; Schwab Emerging Markets Equity ETF (SCHE, by Schwab) holds 2180. They have 29 holdings in common, and by portfolio weight the two funds are 8.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 29KWEB holds 31 · SCHE holds 2180
- Weight in Shared Holdings
- KWEB 98%·SCHE 9%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
2 of 31 positions (1.8% of the fund) are not held by SCHE.
Only in SCHE
2151 of 2180 positions (90.8% of the fund) are not held by KWEB. Showing the top 30 by weight.
Sector Breakdown
| Sector | KWEB | SCHE |
|---|---|---|
| Consumer Discretionary | 39.5% | 7.0% |
| Communication Services | 29.3% | 5.9% |
| Information Technology | 0.0% | 29.1% |
| Financials | 0.0% | 13.4% |
| Real Estate | 4.3% | 0.6% |
| Other Sectors | 7.6% | 12.8% |
| Unclassified | 19.2% | 30.8% |
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, 31% of SCHE).
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% |
| SCHE | +3.4% | +13.1% | +22.4% | +17.1% | +6.7% | +8.0% | 2.57% |
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 SCHE →
Shared Holdings(29)
The top 10 shared positions account for 95% of the overlap, led by 700, 9988 and PDD.
 700Tencent Holdings Ltd. | 10.09% | 3.15% | 3.15% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 8.93% | 2.57% | 2.57% |
 PDDPDD Holdings Inc. SPONSORED ADS | 8.78% | 0.60% | 0.60% |
 3690Meituan, B Shares | 7.36% | 0.46% | 0.46% |
 9999NetEase Inc | 5.91% | 0.42% | 0.42% |
 9888Baidu, Inc., A Shares | 4.28% | 0.33% | 0.33% |
 9618JD.com Inc | 4.91% | 0.32% | 0.32% |
 9961Trip.com Group Ltd | 3.56% | 0.26% | 0.26% |
 1024Kuaishou Technology | 3.33% | 0.15% | 0.15% |
 2423KE Holdings Inc | 4.34% | 0.10% | 0.10% |
 YMMFull Truck Alliance Co Ltd | 3.59% | 0.06% | 0.06% |
 6618JD Health International Inc | 4.01% | 0.05% | 0.05% |
 9626Bilibili Inc., Z Shares | 3.17% | 0.05% | 0.05% |
 TMETencent Music Entertainment Group SPON ADS | 2.50% | 0.04% | 0.04% |
 BZKanzhun Ltd | 2.86% | 0.04% | 0.04% |
 TALTAL Education Group | 3.24% | 0.04% | 0.04% |
 VIPSVipshop Holdings Ltd | 2.70% | 0.03% | 0.03% |
 241Alibaba Health Information Technology Ltd | 2.23% | 0.02% | 0.02% |
 3888Kingsoft Corp. Ltd. | 1.82% | 0.02% | 0.02% |
 780Tongcheng Travel Holdings Ltd | 1.90% | 0.02% | 0.02% |
 JOYYJOYY Inc. ADS REPSTG COM A | 1.04% | 0.02% | 0.02% |
 QFINQfin Holdings Inc | 0.98% | 0.01% | 0.01% |
 6060ZhongAn Online P&C Insurance Co Ltd | 1.10% | 0.01% | 0.01% |
 1797East Buy Holding Ltd | 1.12% | 0.01% | 0.01% |
 9899NetEase Cloud Music Inc | 1.06% | 0.01% | 0.01% |
Frequently Asked Questions
How much do KWEB and SCHE overlap?
KWEB and SCHE overlap by 8.8% of portfolio weight. They share 29 holdings (KWEB holds 31 positions and SCHE holds 2180), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KWEB and SCHE?
The two portfolios are 8.8% 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 SCHE?
The largest positions held by both funds are 700, 9988, PDD, 3690 and 9999. Together the top 10 shared positions account for 95% of the total overlap.
What does KWEB own that SCHE doesn't?
2 positions (1.8% of KWEB) are unique to KWEB, led by 2400 and WB. In the other direction, 2151 positions (90.8% of SCHE) are unique to SCHE.