Both are US-listed China ETFs, but they solve very different jobs. MCHI is the "whole market in one fund" default; KWEB is a concentrated bet on Chinese internet platforms. Here is the head-to-head so you can choose on purpose rather than by ticker familiarity.
Verified snapshot figures (fees, AUM, holdings, yield) as of August 2026. Live prices as of Aug 28, 2026 (delayed Nasdaq snapshot).
| Metric | MCHI — iShares MSCI China | KWEB — KraneShares CSI China Internet |
|---|---|---|
| Issuer | iShares (BlackRock) | KraneShares |
| Tracks | MSCI China Index | CSI Overseas China Internet Index |
| Strategy | Broad, diversified China | Thematic — China internet only |
| Listing mix | Offshore: HK + US ADRs (~80% HK/US, ~17% A-share via Connect) | Offshore: HK-listed + US ADRs (internet platforms) |
| Expense ratio | 0.59% | 0.69% |
| AUM | $6.2B | $5.2B |
| Dividend yield | ~2.0% | ~0.5% |
| # Holdings | 575 | 40 |
| Top holdings | Tencent, Alibaba, China Construction Bank | Tencent, Alibaba, PDD |
| Last price | $54.90 (Aug 28, 2026) | $26.10 (Aug 28, 2026) |
| Best for | Core, diversified China holding in one position | High-conviction China internet bet |
MCHI holds 575 companies; KWEB holds 40, all internet. If one platform gets hit by regulation or a single earnings miss, KWEB feels it far more. MCHI's wide basket dilutes any one name. The trade-off: concentration is what gives KWEB its upside if internet outperforms.
MCHI spans the whole economy — banks, telecoms, energy and the tech giants. KWEB is pure internet commerce and services (Tencent, Alibaba, PDD, Meituan, JD, Bilibili). If you already own a broad fund, KWEB is how you "lean in" to internet without buying individual ADRs.
MCHI is cheaper (0.59% vs 0.69%) and pays a larger dividend (~2.0% vs ~0.5%) because it owns high-yielding SOE banks and telecoms. KWEB's internet names reinvest rather than pay out, so its yield is thin.
MCHI gets roughly 17% of its basket into mainland A-shares through Stock Connect. KWEB holds none directly — it is entirely offshore (HK + US). If onshore access matters to you, MCHI (or a dedicated A-share fund like ASHR) is the route.
We do not publish 1-year / 3-year / 5-year return figures on this page. Historical numbers change constantly and we will not show unverified performance. For current trailing returns, open the official issuer fact sheet (iShares for MCHI, KraneShares for KWEB) or use your broker's fund research page. What we can show with confidence is the verified structure above (fees, size, holdings, yield) and the delayed live price.