KWEB vs. EUM ETF Comparison

Comparison of KraneShares CSI China Internet ETF (KWEB) to ProShares Short MSCI Emerging Markets (EUM)

KWEB

KraneShares CSI China Internet ETF

KWEB Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of a specific foreign equity securities benchmark. The fund will normally invest at least 80% of its total assets in equity securities of its current benchmark, the CSI Overseas China Internet Index or in depositary receipts representing securities of the underlying index. The underlying index is designed to measure the performance of the investable universe of publicly traded China-based companies whose primary business or businesses are in the Internet and Internet-related sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$30.70

Average Daily Volume

30,677,165

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EUM

ProShares Short MSCI Emerging Markets

EUM Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets IndexÂ®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.63

Average Daily Volume

10,126

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KWEB	EUM
30 Days	-5.97%	5.59%
60 Days	14.72%	1.66%
90 Days	16.38%	2.56%
12 Months	10.88%	-6.06%

4 Overlapping Holdings

Symbol	Grade	Weight in KWEB	Weight in EUM	Overlap
BABA	D	9.61%	6.01%	6.01%
BIDU	F	3.29%	0.6%	0.6%
TAL	F	2.9%	0.32%	0.32%
TCOM	B	4.63%	0.29%	0.29%

KWEB Overweight 12 Positions Relative to EUM

Symbol	Grade	Weight
PDD	F	6.04%
BEKE	D	4.75%
BILI	D	3.66%
YMM	C	3.6%
VIPS	F	3.38%
TME	D	2.87%
QFIN	A	2.81%
BZ	F	2.4%
ATHM	C	1.17%
YY	B	0.79%
WB	D	0.48%
IQ	F	0.42%

KWEB Underweight 5 Positions Relative to EUM

Symbol	Grade	Weight
JD	D	-0.46%
NTES	D	-0.39%
EDU	D	-0.3%
YUMC	C	-0.28%
BAP	A	-0.23%