CQQQ vs KWEB overlap - what they share and where they differ
CQQQ and KWEB share 39.3% of their weight across 13 common positions, read from what each fund reported to the SEC.
Each week Ploutos reads the reported positions of the largest US equity ETFs and measures, pair by pair, the weight they share: for every stock both funds hold, the smaller of the two weights counts. Two funds tracking the same index land near 100%. A sector fund inside a broad index fund lands at roughly that sector's weight.
CQQQ and KWEB
39.3%
13 shared positions
CQQQ
Invesco China Technology ETF
Reported positions cover 100% of the fund, 170 positions · Jul 31, 2026
Top 10: 59.2%·Holdings of CQQQ
KWEB
KraneShares CSI China Internet ETF
Reported positions cover 100% of the fund, 33 positions · Jun 30, 2026
Top 10: 60.0%·Holdings of KWEB
Reported positions cover CQQQ 100%, KWEB 100% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
KWEB vs CQQQ side by side
CQQQInvesco China Technology ETF
170
stock positions reported to the SEC
46.8% of its weight is in 157 names KWEB does not hold
KWEBKraneShares CSI China Internet ETF
33
stock positions reported to the SEC
52.7% of its weight is in 20 names CQQQ does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: KWEB has 19.0 points more of it.
The figures side by side
| CQQQ | KWEB | |
|---|---|---|
| Filing date | Jul 31, 2026 | Jun 30, 2026 |
| Stock positions reported | 170 | 33 |
| Weight of the ten largest | 59.2% | 60.0% |
| Largest position | MEITUAN 12.2% | TENCENT HOLDINGS LIMITED 10.4% |
| Held alone | 157 positions, 46.8% | 20 positions, 52.7% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In CQQQ | In KWEB | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITEDTencent Holdings Ltd. | 10.58% | 10.44% | 10.44% |
| PDDPDD Holdings Inc. | 11.12% | 7.92% | 7.92% |
| MEITUAN | 12.17% | 6.83% | 6.83% |
| BIDUBaidu, Inc. | 8.39% | 4.19% | 4.19% |
| KUAISHOU TECHNOLOGY | 4.91% | 4.08% | 4.08% |
| BILIBilibili Inc. | 1.57% | 3.65% | 1.57% |
| TENCENT MUSIC ENTERTAINMENT GROUP | 1.36% | 3.39% | 1.36% |
| KCKingsoft Corp. Ltd. | 0.96% | 2.09% | 0.96% |
| MEITU INCMeitu, Inc. | 0.57% | 1.00% | 0.57% |
| JOYYJOYY Inc. | 0.54% | 1.28% | 0.54% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in CQQQ
Only in KWEB
Questions people ask
Is CQQQ the same as KWEB?
39.3% of their weight sits in the same 13 holdings. CQQQ also reports HUA HONG GRACE SEMICONDUCTOR LIMITED, SUGP, CAMBRICON TECHNOLOGIES CORP LTD, which the other does not. KWEB also reports BABA, NTES, YMM, which the other does not.
How is the overlap between CQQQ and KWEB measured?
For every stock both funds report, the smaller of the two weights counts, and the sum is the overlap. The reported positions cover 100% of CQQQ and 100% of KWEB, so the number cannot exceed the smaller coverage.
Which holds more, KWEB or CQQQ?
CQQQ reports 170 stock positions and KWEB reports 33. 46.8% of CQQQ's weight sits in names KWEB does not hold, and 52.7% of KWEB's weight in names CQQQ does not hold. The ten largest positions are 59.2% of CQQQ and 60.0% of KWEB.
How do CQQQ and KWEB differ by sector?
The widest gap is Technology: KWEB has 19.0 points more of it. Sectors come from each holding's SIC code in its SEC record, summed by the weight the fund reports.
Where do the numbers come from?
From each fund's own N-PORT filing to the SEC, which lists every position and its weight. The comparison uses every equity position the fund reports; cash, futures and bonds are not counted, which is why a coverage figure sits next to every result. Holdings change between filings.
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Descriptive data from public SEC filings. Nothing on this page is a recommendation to buy, sell or hold any fund or stock, and holdings change between filings.