What is the difference between FXI and KWEB?

FXI is the China Large-Cap ETF iShares, offering broad exposure to large-cap Chinese equities with a net asset value of $4.1 billion and an expense ratio of 0.74%. KWEB is the CSI China Internet KraneShares ETF, focusing specifically on China internet and technology stocks with $4.7 billion in assets and a 0.69% expense ratio. While both target Chinese markets, FXI provides diversified sector access, whereas KWEB concentrates on internet-related companies like PDD, which constitutes 8.20% of its portfolio.

What do expense ratios mean?

The expense ratio represents the annual cost of owning the fund, deducted directly from its assets. FXI charges 0.74%, while KWEB charges 0.69%. Over a $1,000 investment, this costs $7.40 and $6.90 respectively per year before other trading expenses. A lower expense ratio generally preserves more capital over time, though investors must weigh these fees against potential returns and risk profiles associated with each ETF's specific market segment.

What does net assets tell investors?

Net assets, or AUM, indicate the total market value of all holdings within an ETF. FXI holds $4.1 billion in net assets, while KWEB holds $4.7 billion. Higher net assets often correlate with better liquidity, meaning it is typically easier to buy and sell shares at fair prices throughout the trading day. These figures reflect the size and popularity of the funds but do not directly predict investment performance or future growth potential.

How do dividend yields compare?

FXI offers a dividend yield of 1.95%, reflecting its focus on large-cap companies that may distribute profits regularly. In contrast, KWEB reports a high yield of 8.20%, which is notable for an equity ETF. Dividend yield represents annual distributions divided by the share price. Investors should examine the sustainability of these payouts and understand that high yields can sometimes indicate higher risk or volatile earnings, rather than just stable income generation.

Which types of goals do these funds support?

FXI supports broad market exposure to China's largest companies, offering a diversified entry into the Greater China Region with a long track record since its inception in October 2004. KWEB supports targeted exposure to the internet and technology sectors, established in July 2013. Investors seeking general economic growth might look at FXI's wider sector spread, while those specifically bullish on digital economy trends would examine KWEB's focused portfolio. Neither is a guaranteed fit for all strategies.

What are top holdings?

Top holdings reveal the specific companies where an ETF has its largest investments. For KWEB, this includes PDD at 8.20%, YMM at 2.93%, and BZ at 2.49%. However, FXI's top holdings are not currently available, limiting transparency into its specific company concentration. Knowing top holdings helps investors understand concentration risk; if a major holding underperforms, it can disproportionately impact the fund's net asset value. Transparency varies between issuers and data sources.

Are there shared holdings between FXI and KWEB?

Based on the provided data, there are no shared holdings among the listed top ten for either fund. FXI's top holdings are not available, while KWEB's top holdings include PDD, YMM, BZ, TAL, and TME. This suggests distinct investment universes, with KWEB focusing on internet-centric stocks and FXI tracking large-cap Chinese equities. The lack of overlap indicates these funds serve different investment theses and may perform differently under varying market conditions.

How does inception date affect fund comparison?

The inception date marks when the fund began trading. FXI launched in October 2004, giving it a long operational history and potentially stable management processes. KWEB launched in July 2013, providing a shorter track record. A longer history can offer more data for analysing performance across different market cycles, while newer funds might employ updated index methodologies. Investors often consider age as a proxy for operational resilience, though past performance never guarantees future results.

What sector exposures do these funds have?

FXI provides diversified exposure to major sectors, though exact sector weights are not available in the supplied data. KWEB specifically targets China internet and technology stocks, indicated by holdings like PDD and TAL. The broader focus of FXI aims to capture general market movements in large-cap China, while KWEB concentrates on specific growth sectors. Without precise sector weights for FXI, investors must rely on the fund name and category to infer its general diversification compared to the niche focus of KWEB.

How can investors monitor FXI and KWEB effectively?

Investors should regularly check updates on both funds' portfolios and expense ratios, as these can change over time. Monitoring KWEB's specific top holdings like PDD and YMM helps track internet sector concentration. For FXI, observing dividend payments and broader market trends is useful given the lack of detailed top holdings availability. Comparing their $4.1 billion and $4.7 billion net assets respectively provides insight into liquidity. Staying informed through official issuer documents ensures data accuracy beyond this snapshot.

FXI vs KWEB

Two funds, one decision: we compare cost, performance and what each ETF actually holds in October 2026.

Compare FXI and KWEB: China Large-Cap ETF iShares and CSI China Internet KraneShares. This page reviews fees, holdings, dividends and how each fund tracks its market. Expense ratios are 0.74% and 0.69% respectively. Top holdings for KWEB are listed; FXI top holdings are not available. Educational content, not financial advice.

Compare FXI and KWEB: China Large-Cap ETF iShares and CSI China Internet KraneShares. This page reviews fees, holdings, dividends and how each fund tracks its market. Expense ratios are 0.74% and 0.69...

Fund Snapshot

Key Fund Metrics

FXI

Metric

KWEB

0.74%

Expense Ratio

0.69%

1.95%

Dividend Yield

8.20%

$4.10B

Net Assets

$4.74B

60

Holdings

45

Oct 5, 2004

Inception Date

Jul 31, 2013

–

Index Tracked

–

Greater China Region

Fund Category

Greater China Region

KWEB costs about $5.00 less per year for every $10,000 invested.

Shared Top Holdings

These funds do not share any of their top holdings.

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Investment Analysis

FXI

Pros

FXI offers broad access to large-cap Chinese equities with a 1.95% dividend yield and $4.1 billion net assets.
The fund has a long history since inception in October 2004, which supports established liquidity and operational resilience.
FXI provides diversified exposure to major sectors, though exact sector weights are not available from the supplied fund data.

Considerations

FXI's expense ratio of 0.74% is relatively high for core equity allocation.
Top holdings are not available, which limits transparency about issuer concentration and stock-level exposure.
The fund may carry higher geopolitical and regulatory risks associated with large-cap Chinese companies.

KWEB

Pros

KWEB offers targeted exposure to China internet and technology stocks with $4.7 billion net assets.
Known top holdings include PDD at 8.20%, YMM at 2.93%, BZ at 2.49%, TAL at 2.35% and TME at 2.08%.
The fund reports a high dividend yield of 8.20% relative to many equity ETFs.

Considerations

KWEB's expense ratio of 0.69% may be high for income-focused or cost-conscious investors.
Index methodology and sector weights are not available, so diversification details are unclear.
Internet sector exposure may introduce higher volatility and regulatory risk than broader China large-cap ETFs.

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About FXI and KWEB

FXI (FXI)

iShares China Large-Cap ETF (FXI) provides investors with liquid, broad exposure to large-cap Chinese equities through a single, exchange-traded product. FXI primarily tracks a benchmark of major China-based companies — often H‑shares, Red Chips and other large listings — offering a straightforward way to access prominent names in sectors such as financials, telecommunications and energy. As an ETF, FXI can be bought and sold on an exchange like a share, and its price moves with the underlying index and market sentiment. Investors should note this is a China-focused, large-cap play, so performance depends heavily on Chinese economic conditions, policy, currency movements and geopolitics. Fees, tracking error and concentration risk in the largest holdings can affect returns. This summary is for educational purposes only and not personalised financial advice; values can rise or fall and you could lose capital. Consider your investment horizon, diversification needs and tolerance for emerging-market and country-specific risks before investing.

KWEB (KWEB)

KWEB is the KraneShares China Internet ETF, offering investors diversified exposure to China-based internet, online services and e-commerce companies listed in the US, Hong Kong and elsewhere. It aims to track an index of Chinese internet-related firms rather than picking individual names, which can reduce single-stock concentration but retains sector concentration. Investors should be aware of specific China-related risks — regulatory changes, geopolitical tensions, and currency movement can all affect returns — and the fund’s performance can be volatile. Market capitalisation data may vary by source and is shown here as N/A. This information is educational and not personal advice; suitability depends on your objectives, timeframe and risk tolerance. Values can fall as well as rise and past performance is not a reliable indicator of future results.

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FXI vs KWEB

Fund Snapshot