KWEB vs SOXX: Correlation
Measured on weekly returns over the past three years, KraneShares CSI China Internet ETF (KWEB) and iShares Semiconductor ETF (SOXX) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWEB and SOXX?
On 3 years of weekly data the KWEB/SOXX correlation comes out at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.27 lands near the 3-year figure. The 5-year figure is 0.30, and annualized covariance runs at 395.3 %².
Among the 40 assets we track against KWEB, SOXX ranks #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SOXX outperformed by 136.1 percentage points (-26.1% for KWEB against +110.0% for SOXX). On a rolling one-year basis the correlation drifted between 0.26 and 0.65, a moderate band.
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 SOXX: side by side
| KWEB (KraneShares CSI China Internet ETF) | SOXX (iShares Semiconductor ETF) | |
|---|---|---|
| 1-year return | -26.1% | +110.0% |
| 5-year return | -36.2% | +247.5% |
| Volatility (ann.) | 33.9% | 35.2% |
| Beta vs S&P 500 | 0.90 | 1.93 |
| Max drawdown (3Y) | -41.6% | -41.4% |
| Dividend yield | – | 0.29% |
| Expense ratio | – | 0.33% |
| Assets under management | – | $44.7B |
| Sector / category | ETF · Thematic | ETF · Thematic |
On the fund side, SOXX sits in the Technology category at iShares, with $44.7B under management, 30 holdings, a 0.33% expense ratio, a 0.29% trailing dividend yield.
Year-by-year returns
| Year | KWEB | SOXX |
|---|---|---|
| 2022 | -17.2% | -35.1% |
| 2023 | -9.1% | +67.1% |
| 2024 | +12.0% | +12.9% |
| 2025 | +23.5% | +40.7% |
| 2026 | -23.3% | +74.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWEB and SOXX good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between KWEB and SOXX?
As of 2026-08-27, the correlation of weekly returns between KWEB and SOXX is 0.33 over 3 years, 0.27 over 1 year and 0.30 over 5 years.
Is SOXX a good diversifier for KWEB?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kweb-vs-soxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/kweb-vs-soxx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KWEB correlations · SOXX correlations
