KWEB vs MCHI overlap - what they share and where they differ
KWEB and MCHI share 26.7% of their weight across 15 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.
KWEB and MCHI
26.7%
15 shared positions
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
MCHI
iShares MSCI China ETF
Reported positions cover 96% of the fund, 500 positions · Aug 31, 2026
Top 10: 42.0%·Holdings of MCHI
Reported positions cover KWEB 100%, MCHI 96% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
MCHI vs KWEB side by side
KWEBKraneShares CSI China Internet ETF
33
stock positions reported to the SEC
34.3% of its weight is in 18 names MCHI does not hold
MCHIiShares MSCI China ETF
500
stock positions reported to the SEC
64.4% of its weight is in 485 names KWEB does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: KWEB has 31.1 points more of it.
The figures side by side
| KWEB | MCHI | |
|---|---|---|
| Filing date | Jun 30, 2026 | Aug 31, 2026 |
| Stock positions reported | 33 | 500 |
| Weight of the ten largest | 60.0% | 42.0% |
| Largest position | TENCENT HOLDINGS LIMITED 10.4% | TENCENT HOLDINGS LIMITED 13.9% |
| Held alone | 18 positions, 34.3% | 485 positions, 64.4% |
| Covered by stock positions | 100% | 96% |
Holdings they share
| Stock | In KWEB | In MCHI | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITED | 10.44% | 13.93% | 10.44% |
| BABAAlibaba Group Holding Limited | 7.70% | 9.42% | 7.70% |
| MEITUAN | 6.83% | 1.98% | 1.98% |
| NTESNETEASE, INC. | 6.97% | 1.68% | 1.68% |
| JDJD.COM, INC. | 3.87% | 1.27% | 1.27% |
| TCOMTRIP.COM GROUP LIMITED | 3.69% | 1.04% | 1.04% |
| BIDUBAIDU, INC. | 4.19% | 0.98% | 0.98% |
| KUAISHOU TECHNOLOGY | 4.08% | 0.48% | 0.48% |
| KE HOLDINGS INC. | 3.89% | 0.46% | 0.46% |
| JD HEALTH INTERNATIONAL INC | 3.50% | 0.19% | 0.19% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in KWEB
Only in MCHI
Questions people ask
Is KWEB the same as MCHI?
26.7% of their weight sits in the same 15 holdings. KWEB also reports PDD, YMM, TENCENT MUSIC ENTERTAINMENT GROUP, which the other does not. MCHI also reports CHINA CONSTRUCTION BANK CORPORATION, INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, XIAOMI CORPORATION, which the other does not.
How is the overlap between KWEB and MCHI 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 KWEB and 96% of MCHI, so the number cannot exceed the smaller coverage.
Which holds more, MCHI or KWEB?
KWEB reports 33 stock positions and MCHI reports 500. 34.3% of KWEB's weight sits in names MCHI does not hold, and 64.4% of MCHI's weight in names KWEB does not hold. The ten largest positions are 60.0% of KWEB and 42.0% of MCHI.
How do KWEB and MCHI differ by sector?
The widest gap is Technology: KWEB has 31.1 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.