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SWEB ETF — Holdings & Analysis

The AXS Short China Internet ETF (SWEB) offers a unique approach to accessing the Chinese internet sector through swap agreements. With an expense ratio of 0.95%, SWEB seeks to provide inverse exposure to the performance of other China Internet ETFs. The fund is relatively small, with an AUM of $0.00B, and holds only two positions, making it a highly concentrated investment vehicle. As of 2026-03-15, SWEB has a dividend yield of 1.01% and a beta of 0.00 over the past three years.

AXS Short China Internet ETF (SWEB) ETF — Price, Holdings & Analysis

The AXS Short China Internet ETF (SWEB) offers a unique approach to accessing the Chinese internet sector through swap agreements. With an expense ratio of 0.95%, SWEB seeks to provide inverse exposure to the performance of other China Internet ETFs. The fund is relatively small, with an AUM of $0.00B, and holds only two positions, making it a highly concentrated investment vehicle. As of 2026-03-15, SWEB has a dividend yield of 1.01% and a beta of 0.00 over the past three years.

ETF Overview

The fund will enter into one or more swap agreements with major global financial institutions for a specified period ranging from a day to more than one year whereby the fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on the China Internet ETF. It is non-diversified.
The AXS Short China Internet ETF (SWEB) employs a strategy that uses swap agreements to gain inverse exposure to the China Internet sector. Instead of directly holding equity securities, SWEB enters into agreements with major global financial institutions to exchange returns, effectively betting against the performance of other China Internet ETFs. This approach allows investors to potentially profit from a decline in the value of Chinese internet companies. As a non-diversified fund, SWEB concentrates its investments, with 50% allocated to Cash & Others and 50% to Financial Services. This concentrated approach can lead to higher volatility compared to more diversified ETFs. Investors should carefully consider their risk tolerance and investment objectives before investing in SWEB, as its inverse strategy and concentrated holdings may not be suitable for all portfolios. The fund's inception date was 2022-04-28.

Risk Metrics

SWEB presents several risk factors that investors may want to research. Its non-diversified nature, with only two holdings, means that performance is heavily reliant on these positions, increasing concentration risk. The fund's use of swap agreements introduces counterparty risk, as SWEB's performance depends on the financial stability of the institutions it contracts with. The expense ratio of 0.95% is relatively high, which can create a significant drag on returns, especially in a low-return environment. With a beta of 0.00, SWEB has historically shown very low correlation with the broader market, but this could change. Investors should be aware that past performance does not guarantee future results, and the fund's inverse strategy can lead to losses if the China Internet sector performs positively.

Expense Ratio

0.95%

Sector Allocation

  • Cash & Others: 50.0%
  • Financial Services: 50.0%

Dividend Yield

1.01%
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Risk Metrics

  • Beta: 0.00

Questions & Answers

What is SWEB and what does it track?

The AXS Short China Internet ETF (SWEB) is designed to provide inverse exposure to the Chinese internet sector. It does not directly hold stocks but instead uses swap agreements with major financial institutions. These agreements allow the fund to profit from the decline in value of other China Internet ETFs. The fund is non-diversified and has a concentrated portfolio. As of 2026-03-15, SWEB has a dividend yield of 1.01% and an AUM of $0.00B. The fund's net asset value (NAV) is $20.00.

What is the expense ratio for SWEB?

The expense ratio for the AXS Short China Internet ETF (SWEB) is 0.95%. This means that for every $10,000 invested, $95 is used to cover the fund's operating expenses annually. The expense ratio is relatively high compared to broader market ETFs, which often have expense ratios below 0.50%. the may be worth researching impact of this expense ratio on their overall returns, especially over long investment horizons. While there isn't a specific category average for inverse China internet ETFs, this expense ratio is higher than the average equity ETF.

What are the top holdings in SWEB?

As of 2026-03-15, the AXS Short China Internet ETF (SWEB) has a highly concentrated portfolio with only two holdings. 50% of the fund is allocated to Cash & Others, while the remaining 50% is allocated to Financial Services. Due to the fund's strategy of using swap agreements, it does not hold direct equity positions in Chinese internet companies. The fund's performance is therefore dependent on the terms and performance of these swap agreements rather than the individual performance of specific companies.

Is SWEB a good long-term investment?

The AXS Short China Internet ETF (SWEB) is designed for investors seeking short-term, inverse exposure to the Chinese internet sector, rather than long-term investment. Its use of swap agreements and concentrated holdings make it a higher-risk investment. The expense ratio of 0.95% can also erode returns over time. With a beta of 0.00, SWEB's performance is not strongly correlated with the broader market. Past performance does not guarantee future results, and investors should carefully consider their risk tolerance and investment objectives before investing in SWEB.

How does SWEB compare to similar ETFs?

The AXS Short China Internet ETF (SWEB) differentiates itself through its inverse exposure to the Chinese internet sector using swap agreements. Many similar ETFs offer direct exposure to Chinese internet companies. SWEB's expense ratio of 0.95% is relatively high compared to some other China-focused ETFs. With an AUM of $0.00B, SWEB is also smaller than many of its competitors, which may impact liquidity. Investors should compare SWEB's strategy, expense ratio, and AUM to those of other ETFs before making an investment decision.

Does SWEB pay dividends?

Yes, the AXS Short China Internet ETF (SWEB) does pay dividends. As of 2026-03-15, SWEB has a dividend yield of 1.01%. It's important to note that dividend yields can fluctuate and are not guaranteed. The dividend yield represents the annual dividend payment as a percentage of the fund's current share price. the may be worth researching dividend yield as part of their overall investment strategy and income needs.