KWEB vs VEU: Holdings Overlap
KWEBKraneShares CSI China Internet ETF
KraneShares · 31 holdings · $5.7B · as of 2026-03-31
VEUVanguard FTSE All-world Ex-us Index Fund
Vanguard · 3855 holdings · $69.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (KWEB: 2026-03-31, VEU: 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 VEU?
KraneShares CSI China Internet ETF (KWEB, by KraneShares) holds 31 positions; Vanguard FTSE All-world Ex-us Index Fund (VEU, by Vanguard) holds 3855. They have 29 holdings in common, and by portfolio weight the two funds are 2.6% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 29KWEB holds 31 · VEU holds 3855
- Weight in Shared Holdings
- KWEB 98%·VEU 3%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 VEU.
Sector Breakdown
| Sector | KWEB | VEU |
|---|---|---|
| Consumer Discretionary | 39.5% | 6.1% |
| Communication Services | 29.3% | 3.7% |
| Financials | 0.0% | 20.0% |
| Information Technology | 0.0% | 16.2% |
| Industrials | 3.6% | 11.7% |
| Other Sectors | 8.4% | 23.8% |
| Unclassified | 19.2% | 17.4% |
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, 18% of VEU).
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% |
| VEU | +2.8% | +16.6% | +28.4% | +19.2% | +9.6% | +9.9% | 2.48% |
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 VEU →
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% | 0.96% | 0.96% |
|---|---|---|---|
 9988Alibaba Group Holding Ltd | 8.93% | 0.75% | 0.75% |
 PDDPDD Holdings Inc. SPONSORED ADS | 8.78% | 0.19% | 0.19% |
 3690Meituan, B Shares | 7.36% | 0.15% | 0.15% |
 9999NetEase Inc | 5.91% | 0.11% | 0.11% |
 9618JD.com Inc | 4.91% | 0.09% | 0.09% |
 9888Baidu, Inc., A Shares | 4.28% | 0.09% | 0.09% |
 9961Trip.com Group Ltd | 3.56% | 0.08% | 0.08% |
 1024Kuaishou Technology | 3.33% | 0.04% | 0.04% |
 2423KE Holdings Inc | 4.34% | 0.03% | 0.03% |
 9626Bilibili Inc., Z Shares | 3.17% | 0.02% | 0.02% |
 YMMFull Truck Alliance Co Ltd | 3.59% | 0.02% | 0.02% |
 6618JD Health International Inc | 4.01% | 0.02% | 0.02% |
 TALTAL Education Group | 3.24% | 0.01% | 0.01% |
 TMETencent Music Entertainment Group SPON ADS | 2.50% | 0.01% | 0.01% |
 BZKanzhun Ltd | 2.86% | 0.01% | 0.01% |
 241Alibaba Health Information Technology Ltd | 2.23% | 0.01% | 0.01% |
 VIPSVipshop Holdings Ltd | 2.70% | 0.01% | 0.01% |
 3888Kingsoft Corp. Ltd. | 1.82% | 0.01% | 0.01% |
 780Tongcheng Travel Holdings Ltd | 1.90% | 0.01% | 0.01% |
 JOYYJOYY Inc. ADS REPSTG COM A | 1.04% | 0.00% | 0.00% |
 6060ZhongAn Online P&C Insurance Co Ltd | 1.10% | 0.00% | 0.00% |
 1797East Buy Holding Ltd | 1.12% | 0.00% | 0.00% |
 QFINQfin Holdings Inc | 0.98% | 0.00% | 0.00% |
 9899NetEase Cloud Music Inc | 1.06% | 0.00% | 0.00% |
Frequently Asked Questions
How much do KWEB and VEU overlap?
KWEB and VEU overlap by 2.6% of portfolio weight. They share 29 holdings (KWEB holds 31 positions and VEU holds 3855), based on each fund's latest SEC-reported holdings.
Is it redundant to own both KWEB and VEU?
The two portfolios are 2.6% 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 VEU?
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 VEU doesn't?
2 positions (1.8% of KWEB) are unique to KWEB, led by 2400 and WB. In the other direction, 3826 positions (96.2% of VEU) are unique to VEU.