FXI vs KWEB overlap - what they share and where they differ
FXI and KWEB share 33.6% of their weight across 8 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.
FXI and KWEB
33.6%
8 shared positions
FXI
iShares China Large-Cap ETF
Reported positions cover 100% of the fund, 50 positions · Apr 30, 2026
Top 10: 56.6%·Holdings of FXI
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 FXI 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 FXI side by side
FXIiShares China Large-Cap ETF
50
stock positions reported to the SEC
65.3% of its weight is in 42 names KWEB does not hold
KWEBKraneShares CSI China Internet ETF
33
stock positions reported to the SEC
52.0% of its weight is in 25 names FXI does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: KWEB has 27.9 points more of it.
The figures side by side
| FXI | KWEB | |
|---|---|---|
| Filing date | Apr 30, 2026 | Jun 30, 2026 |
| Stock positions reported | 50 | 33 |
| Weight of the ten largest | 56.6% | 60.0% |
| Largest position | BABA 8.7% | TENCENT HOLDINGS LIMITED 10.4% |
| Held alone | 42 positions, 65.3% | 25 positions, 52.0% |
| Covered by stock positions | 100% | 100% |
Holdings they share
| Stock | In FXI | In KWEB | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITED | 7.72% | 10.44% | 7.72% |
| BABAAlibaba Group Holding Limited | 8.66% | 7.70% | 7.70% |
| MEITUAN | 4.79% | 6.83% | 4.79% |
| NTESNETEASE, INC. | 3.56% | 6.97% | 3.56% |
| JDJD.COM, INC. | 3.00% | 3.87% | 3.00% |
| BIDUBAIDU, INC. | 2.83% | 4.19% | 2.83% |
| TCOMTRIP.COM GROUP LIMITED | 2.69% | 3.69% | 2.69% |
| KUAISHOU TECHNOLOGY | 1.31% | 4.08% | 1.31% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in FXI
Only in KWEB
Questions people ask
Is FXI the same as KWEB?
33.6% of their weight sits in the same 8 holdings. FXI also reports CHINA CONSTRUCTION BANK CORPORATION, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, XIAOMI CORPORATION, which the other does not. KWEB also reports PDD, YMM, KE HOLDINGS INC., which the other does not.
How is the overlap between FXI 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 FXI and 100% of KWEB, so the number cannot exceed the smaller coverage.
Which holds more, KWEB or FXI?
FXI reports 50 stock positions and KWEB reports 33. 65.3% of FXI's weight sits in names KWEB does not hold, and 52.0% of KWEB's weight in names FXI does not hold. The ten largest positions are 56.6% of FXI and 60.0% of KWEB.
How do FXI and KWEB differ by sector?
The widest gap is Technology: KWEB has 27.9 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.