KWEB vs VWO overlap - what they share and where they differ
KWEB and VWO share 8.9% of their weight across 32 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 VWO
8.9%
32 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
VWO
VANGUARD EMERGING MARKETS STOCK INDEX FUND
Reported positions cover 98% of the fund, 4,548 positions · Jul 31, 2026
Top 10: 27.5%·Holdings of VWO
Reported positions cover KWEB 100%, VWO 98% of each fund. An overlap cannot exceed the smaller coverage, so a low figure can mean little overlap or thin reporting.
VWO vs KWEB side by side
KWEBKraneShares CSI China Internet ETF
33
stock positions reported to the SEC
0.7% of its weight is in 1 names VWO does not hold
VWOVANGUARD EMERGING MARKETS STOCK INDEX FUND
4,548
stock positions reported to the SEC
88.9% of its weight is in 4,516 names KWEB does not hold
Where each fund's weight sits
Largest sectors for both funds
The widest gap is Technology: KWEB has 23.8 points more of it.
The figures side by side
| KWEB | VWO | |
|---|---|---|
| Filing date | Jun 30, 2026 | Jul 31, 2026 |
| Stock positions reported | 33 | 4,548 |
| Weight of the ten largest | 60.0% | 27.5% |
| Largest position | TENCENT HOLDINGS LIMITED 10.4% | TSM 15.6% |
| Held alone | 1 positions, 0.7% | 4,516 positions, 88.9% |
| Covered by stock positions | 100% | 98% |
Holdings they share
| Stock | In KWEB | In VWO | Counted |
|---|---|---|---|
| TENCENT HOLDINGS LIMITED | 10.44% | 3.31% | 3.31% |
| BABAAlibaba Group Holding Limited | 7.70% | 2.41% | 2.41% |
| PDDPDD Holdings Inc. | 7.92% | 0.59% | 0.59% |
| MEITUAN | 6.83% | 0.56% | 0.56% |
| NTESNETEASE, INC. | 6.97% | 0.42% | 0.42% |
| JDJD.COM, INC. | 3.87% | 0.35% | 0.35% |
| BIDUBAIDU, INC. | 4.19% | 0.26% | 0.26% |
| TCOMTRIP.COM GROUP LIMITED | 3.69% | 0.24% | 0.24% |
| KUAISHOU TECHNOLOGY | 4.08% | 0.15% | 0.15% |
| KE HOLDINGS INC. | 3.89% | 0.10% | 0.10% |
What each holds alone
The heaviest positions one fund reports and the other does not.
Only in KWEB
Only in VWO
Questions people ask
Is KWEB the same as VWO?
8.9% of their weight sits in the same 32 holdings. KWEB also reports NETEASE CLOUD MUSIC INC, which the other does not. VWO also reports TSM, MEDIATEK INC., CHINA CONSTRUCTION BANK CORPORATION, which the other does not.
How is the overlap between KWEB and VWO 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 98% of VWO, so the number cannot exceed the smaller coverage.
Which holds more, VWO or KWEB?
KWEB reports 33 stock positions and VWO reports 4,548. 0.7% of KWEB's weight sits in names VWO does not hold, and 88.9% of VWO's weight in names KWEB does not hold. The ten largest positions are 60.0% of KWEB and 27.5% of VWO.
How do KWEB and VWO differ by sector?
The widest gap is Technology: KWEB has 23.8 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.