Dividend comparison

KWEB vs QQQ: Which Is Better?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for KraneShares CSI China Internet ETF and Invesco QQQ Trust, Series 1, side by side. Updated October 21, 2026.

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KWEB vs QQQ: key differences
The short answer, from the latest data on this page.
  • Fees. QQQ is cheaper at 0.18% a year versus 0.69% for KWEB. On $10,000 that is $51 a year less in fees.
  • Income. KWEB pays more income, yielding 8.61% over the last twelve months versus 0.53% for QQQ. That is about $808 more a year on $10,000. Both pay annual.
  • Performance. Over the last 5 years, QQQ returned 97.0% versus -48.6% for KWEB, with dividends reinvested. $10,000 would have grown to $19,698 in QQQ and $5,143 in KWEB.
  • Risk. KWEB has been the bumpier ride. Its worst peak-to-trough decline over the last 5 years was -63.0%, against -35.1% for QQQ.
  • Diversification. QQQ holds 102 positions and KWEB holds 30. The ten largest positions make up 62.1% of KWEB and 47.2% of QQQ.
  • Overlap. 0% of the two portfolios overlap by weight, across 1 shared holdings. They mostly own different companies, so they can complement each other.
  • Dividend growth. KWEB grew its yearly payout 113.2% a year over the last 2 years, versus 13.3% for QQQ.
  • Size. QQQ is the larger fund with $487.5 billion in assets, against $4.5 billion for KWEB.

Bottom line: KWEB fits better if you care most about more income today and faster dividend growth. QQQ fits better if you care most about lower fees, stronger 5-year returns, smaller drawdowns and broader diversification.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricKWEB
KraneShares CSI China Internet ETF
QQQ
Invesco QQQ Trust, Series 1
Dividend yield (TTM)8.61%0.53%
Dividend / share (TTM)$2.10$3.79
Payout frequencyAnnualAnnual
Last dividend$2.0962 on Dec 23, 2025$0.7514 on Oct 8, 2026
Ex-dividend dateDec 22, 2025Dec 21, 2026
Next payment—$0.7941 on Dec 28, 2026
Dividend growth (CAGR)113.2% over 2 yrs13.3% over 4 yrs
Price$24.35$717.63
Dividend growth streak2 years—
Beta0.881.23
Max drawdown (5Y)-63.0%-35.1%
Market cap$4.52B$479.05B
ExchangeAMEXNASDAQ
Expense ratio0.69%0.18%
Assets under management$4.50B$487.46B
Number of holdings30102
Top 10 concentration62.1%47.2%
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

KWEB

$71.74/mo

$861 /yr at 8.61% yield

QQQ

$4.40/mo

$53 /yr at 0.53% yield

Dividend history
Total dividends paid per share in each calendar year. KWEB pays annual; QQQ pays annual.
YearKWEBQQQ
2025$2.0962$2.7949
2024$1.0250$3.0623
2023$0.4612$2.3200
2022—$2.1351
2021—$1.6968
Strategy: Broad index
Low-cost funds that hold an entire market or index at market-cap weights and make no attempt to select securities. Return is the index return less a small fee, and dividends are a by-product of what the underlying companies choose to pay rather than an objective of the strategy. Differences between funds tracking the same index usually come down to fee, wrapper structure, share price and trading liquidity, not to holdings.

Current income is low and outside your control, so these need pairing with something else if the portfolio has to produce cash today.

What KWEB vs QQQ actually do

QQQ
Invesco's fund tracking the Nasdaq-100, the largest non-financial companies listed on the Nasdaq exchange.

The index is modified market-cap weighted and excludes financials by rule, which is why it lands so heavily in technology, communication services and consumer discretionary names. In December 2025 the fund converted from a unit investment trust to a conventional open-end fund and cut its fee, so it can now reinvest income and lend securities like its peers. It remains the most liquid Nasdaq-100 vehicle by a wide margin and the reference asset for a large share of the options-income products in this category.

Suits investors who want concentrated large-cap growth exposure and anyone who needs deep options liquidity. Dividends are incidental, so it does not answer an income mandate on its own.

Growth-tilted core, concentrated

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Oct 20, 2021 would now be worth $5,143 in KWEB and $19,698 in QQQ.
PeriodKWEBQQQ
1 month-1.93%-0.43%
3 months-9.18%3.10%
Year to date-28.49%17.09%
1 year-39.67%17.78%
3 years-0.08%105.61%
5 years-48.57%96.98%
  • KWEB
  • QQQ
3012421920212022202320242025202651197

Both series indexed to 100 on 2021-10-20 using the adjusted closing price series. Past performance does not guarantee future results.

Sector allocation
Weight of each sector within the fund. Sectors are aligned on the same row so the two funds can be read against each other directly.
  • KWEB
  • QQQ
0%15%29%44%59%Technology24.7%58.8%Consumer Cyclical35.0%10.2%Communication Services27.1%12.1%Consumer Defensive2.6%6.1%Healthcare4.0%4.4%Industrials0.8%5.5%Real Estate4.6%0.1%Financial Services0.9%0.2%Utilities1.1%Basic Materials1.0%Other0.1%0.6%
KWEB vs QQQ holdings overlap
0% overlap by weight, with 1 holdings in common. Overlap adds up the smaller of the two weights for every stock both funds own, so 100% would mean identical portfolios.
Largest shared holdingsKWEB weightQQQ weight
PDDPDD HOLDINGS INC8.32%0.23%
Top 10 holdings
Largest positions by portfolio weight.

KWEB30 holdings total

NameWeight
0700.HKTENCENT HOLDINGS LTD9.99%
9988.HKALIBABA GROUP HOLDING LTD8.96%
PDDPDD HOLDINGS INC8.32%
3690.HKMEITUAN-CLASS B7.37%
9999.HKNETEASE INC6.87%
0992.HKLENOVO GROUP LTD5.07%
2423.HKKE HOLDINGS INC-CL A4.78%
9618.HKJD.COM INC-CLASS A4.13%
9961.HKTRIP.COM GROUP LTD3.58%
YMMFULL TRUCK ALLIANCE -SPN ADR3.08%

QQQ102 holdings total

NameWeight
NVDANVIDIA Corp8.17%
AAPLApple Inc7.82%
MSFTMicrosoft Corp6.19%
AMZNAmazon.com Inc4.42%
MUMicron Technology Inc4.41%
AMDAdvanced Micro Devices Inc3.79%
METAMeta Platforms Inc3.28%
GOOGLAlphabet Inc3.15%
TSLATesla Inc3.02%
GOOGAlphabet Inc2.94%

Quick verdict

KWEB fits better if you care most about more income today and faster dividend growth. QQQ fits better if you care most about lower fees, stronger 5-year returns, smaller drawdowns and broader diversification. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is KWEB or QQQ better for dividend income?
It depends on your goals. KWEB currently yields 8.61% Trailing Twelve Months (TTM) while QQQ yields 0.53%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between KWEB and QQQ?
KraneShares CSI China Internet ETF (KWEB) is an ETF listed on AMEX. Invesco QQQ Trust, Series 1 (QQQ) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
Which is cheaper, KWEB or QQQ?
QQQ has the lower expense ratio. KWEB charges 0.69% a year and QQQ charges 0.18%, a difference of $51 a year on a $10,000 investment.
Which has performed better, KWEB or QQQ?
Over the last 5 years, QQQ has the higher total return with dividends reinvested: KWEB returned -48.6% and QQQ returned 97.0%. Past performance does not predict future returns.
Which is riskier, KWEB or QQQ?
Measured by the worst peak-to-trough decline over the last five years, KWEB has been riskier: KWEB fell as much as 63.0% and QQQ as much as 35.1%. Their betas are 0.88 and 1.23.
How much do KWEB and QQQ overlap?
About 0% of the two portfolios overlap by weight, across 1 shared holdings. The largest shared positions are PDD. Holding both still adds meaningful diversification.
How often do KWEB and QQQ pay dividends?
Both pay annual. The most recent payments were $2.0962 for KWEB and $0.7514 for QQQ.
How much income does $10,000 in KWEB vs QQQ generate?
At current TTM yields, $10,000 in KWEB would generate roughly $71.74 per month ($861 annually). The same amount in QQQ would produce about $4.40 per month ($53 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both KWEB and QQQ?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare KWEB vs QQQ with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how KWEB and QQQ fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.