KWEB vs SSBI: Correlation
KraneShares CSI China Internet ETF (KWEB) and Summit State Bank (SSBI) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KWEB and SSBI?
On 3 years of weekly data the KWEB/SSBI correlation comes out at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.01) than the 3-year average (-0.20). The 5-year figure is -0.10, and annualized covariance runs at -254.0 %².
Out of 40 assets tracked against KWEB, SSBI lands near the bottom at #36. Their recent paths diverged sharply: over the last 12 months SSBI outperformed by 32.9 percentage points (-26.1% for KWEB against +6.8% for SSBI).
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 SSBI: side by side
| KWEB (KraneShares CSI China Internet ETF) | SSBI (Summit State Bank) | |
|---|---|---|
| 1-year return | -26.1% | +6.8% |
| 5-year return | -36.2% | -2.9% |
| Volatility (ann.) | 33.9% | 37.6% |
| Beta vs S&P 500 | 0.90 | 0.24 |
| Max drawdown (3Y) | -41.6% | -60.6% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | 39.0 |
| Dividend yield | – | 0.00% |
| Sector / category | ETF · Thematic | US Listed |
Year-by-year returns
| Year | KWEB | SSBI |
|---|---|---|
| 2022 | -17.2% | +5.2% |
| 2023 | -9.1% | -19.6% |
| 2024 | +12.0% | -35.9% |
| 2025 | +23.5% | +52.0% |
| 2026 | -23.3% | +10.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KWEB and SSBI good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between KWEB and SSBI?
The KWEB/SSBI correlation stands at -0.20 on a 3-year window (1 year: 0.01, 5 years: -0.10), computed from weekly returns as of 2026-08-27.
Is SSBI a good diversifier for KWEB?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/kweb-vs-ssbi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/kweb-vs-ssbi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KWEB correlations · SSBI correlations
