KWEB vs NTIP: Correlation
Measured on weekly returns over the past three years, KraneShares CSI China Internet ETF (KWEB) and Network-1 Technologies, Inc. (NTIP) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWEB and NTIP?
Across a 3-year window, the weekly returns of KWEB and NTIP correlate at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.04) than the 3-year average (-0.21). Stretching to 5 years gives -0.12, with an annualized covariance of -213.5 %².
NTIP is close to the least connected end of KWEB's tracked universe, ranking #37 of 40. Their recent paths diverged sharply: over the last 12 months NTIP outperformed by 38.6 percentage points (-26.1% for KWEB against +12.5% for NTIP).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
KWEB vs NTIP: side by side
| KWEB (KraneShares CSI China Internet ETF) | NTIP (Network-1 Technologies, Inc.) | |
|---|---|---|
| 1-year return | -26.1% | +12.5% |
| 5-year return | -36.2% | -36.5% |
| Volatility (ann.) | 33.9% | 30.6% |
| Beta vs S&P 500 | 0.90 | -0.04 |
| Max drawdown (3Y) | -41.6% | -49.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | – | 6.37% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | KWEB | NTIP |
|---|---|---|
| 2022 | -17.2% | -18.7% |
| 2023 | -9.1% | +3.5% |
| 2024 | +12.0% | -35.6% |
| 2025 | +23.5% | +5.4% |
| 2026 | -23.3% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWEB and NTIP good diversifiers for each other?
Yes. With a correlation of -0.21, KWEB and NTIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KWEB and NTIP?
As of 2026-08-27, the correlation of weekly returns between KWEB and NTIP is -0.21 over 3 years, -0.04 over 1 year and -0.12 over 5 years.
Is NTIP a good diversifier for KWEB?
Yes. With a correlation of -0.21, KWEB and NTIP have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kweb-vs-ntip.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kweb-vs-ntip/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KWEB correlations · NTIP correlations
