KWT holdings and overlap
iShares MSCI Kuwait ETF (KWT) holds 36 positions in its iShares file of 2026-10-27. Its three largest are National Bank of Kuwait (NBK.KW) at 23.19%, Kuwait Finance House (KFH.KW) at 22.84% and Mobile Tel (ZAIN.KW) at 4.47%, and its ten largest make up 72.0% of the fund.
In its iShares file of 2026-10-27, KWT holds none of the mega-cap tech companies and none of the ten largest US companies by market value. By country, 99.9% of KWT is in Kuwait.
What does KWT hold, as of its issuer file of 2026-10-27?
National Bank of Kuwait is 23.19% of KWT on its own, against a median largest position of 14.3% across the 6 Middle East and Africa funds with a page here. The position KWT carries furthest above that group is Kuwait Finance House at 22.84% of the fund, a company the median fund in that group does not hold at all.
| Rank | Company | Weight | Weight bar |
|---|---|---|---|
| 1 | NBK.KW National Bank of Kuwait | 23.19% | |
| 2 | KFH.KW Kuwait Finance House | 22.84% | |
| 3 | ZAIN.KW Mobile Tel | 4.47% | |
| 4 | MABANEE.KW Mabanee Company | 3.92% | |
| 5 | GBK.KW Gulf Bank | 3.81% | |
| 6 | WARBABANK.KW Warbabank | 3.59% | |
| 7 | ABK.KW Al Ahli Bank | 2.8% | |
| 8 | NIND.KW National Industries Group Holding | 2.56% | |
| 9 | KRE.KW Kuwait Real Est | 2.53% | |
| 10 | BPCC.KW Boubyan Petrochm | 2.27% | |
| 11 | BOURSA.KW Boursa Kuwait Securities Company | 2.17% | |
| 12 | ALTIJARIA.KW Commercial Real Estate | 1.99% | |
| 13 | MKHZN.KW The Public Warehousing (Agility) | 1.84% | |
| 14 | HUMANSOFT.KW Human Soft | 1.7% | |
| 15 | KIB.KW Kuwait International Bank | 1.69% | |
| 16 | STC.KW Kuwait Telecommunications | 1.67% | |
| 17 | BURG.KW Burgan Bank | 1.52% | |
| 18 | ALG.KW Ali Alghanim Sons Automotive | 1.27% | |
| 19 | SRE.KW Salhiya Real Est | 1.22% | |
| 20 | KPROJ.KW Kuwait Projects | 1.21% | |
| 21 | CABLE.KW Gulf Cable and Electrical Industri | 1.18% | |
| 22 | NRE.KW National Real Estate | 1.17% | |
| 23 | AAYAN.KW Aayan Leasing | 0.99% | |
| 24 | ARZAN.KW Arzan Investment and Financial | 0.86% | |
| 25 | NINV.KW National Investments | 0.84% | |
| 26 | MEZZAN.KW Mezzan Holding Co | 0.8% | |
| 27 | NOOR.KW Al Noor Financial Investment | 0.79% | |
| 28 | AZNOULA.KW Shamal Az Zour Al Oula KSC | 0.67% | |
| 29 | SHIP.KW Heavy Eng and SH | 0.66% | |
| 30 | URC.KW United Real Est | 0.62% | |
| 31 | CGC.KW Combined Group Contracting | 0.61% | |
| 32 | INTEGRATED.KW Integrated Holding Company | 0.61% | |
| 33 | ALIMTIAZ.KW Alimtiaz Group Holding | 0.59% | |
| 34 | JAZEERA.KW Jazeera Airways | 0.58% | |
| 35 | IFAHR.KW Ifa Hotels and Resorts | 0.56% | |
| 36 | BOUBYAN.KW Boubyan Bank | 0.14% |
The most recent file iShares has published for KWT is dated 2026-10-27, 1 day before these prices, which is the median for the iShares ETFs covered here. Every one of the 36 positions KWT holds, with its weight, is in the fund's JSON file. See the other 30 ETFs with a page here that hold NBK.KW, and how their weights compare with the 23.19% KWT gives it.
Category: Middle East and Africa, set by TickerInside from the ETF's own latest file. In its file of 2026-10-27, 100% of its stocks with a known country are in Kuwait, which this site counts in Middle East and Africa. How categories are set.
https://tickerinside.com/api/v1/fund/kwt.jsonhttps://tickerinside.com/api/v1/fund/kwt.csv=IMPORTDATA("https://tickerinside.com/api/v1/fund/kwt.csv")If your sheet uses a decimal comma: =IMPORTDATA("https://tickerinside.com/api/v1/fund/kwt.csv"; ","; "en_US")curl -s https://tickerinside.com/api/v1/fund/kwt.jsonHow much money went into or out of KWT?
On the close of Friday, October 23, 2026, KWT neither created nor redeemed shares. Over its last 5 closes, a net inflow of $0.
From KWT's own holdings files. Every ETF's latest flows.
How is KWT split by sector and country?
A sector is found for 11.5% of KWT's stock weight, under the 50% from which this page states sector weights; the weights found are in the fund's JSON file.
| Country | Weight | Weight bar |
|---|---|---|
| Kuwait | 99.9% |
From its iShares file of 2026-10-27. How these are measured.
What did KWT hold in its SEC reports since 2020?
KWT's largest position in its SEC filings has been National Bank of Kuwait (NBK.KW) since 2020-11-30: 21.08% then and 22.62% in its report for 2026-05-31, across 23 quarterly reports.
| Report | Positions | Largest | Top 10 |
|---|---|---|---|
| 2020-11-30 | 26 | NBK.KW 21.08% | 73.9% |
| 2021-11-30 | 30 | NBK.KW 23.76% | 67.3% |
| 2022-11-30 | 31 | NBK.KW 24.03% | 69.5% |
| 2023-11-30 | 34 | NBK.KW 22.76% | 70.4% |
| 2024-11-30 | 35 | NBK.KW 22.41% | 67.4% |
| 2025-11-30 | 36 | KFH.KW 22.34% | 67.7% |
| 2026-05-31 | 37 | NBK.KW 22.62% | 72.2% |
The first report, then the last of each year, of the 23 reports KWT filed on SEC Form N-PORT from 2020-11-30 to 2026-05-31, each company under its ticker today. Every position of every report is in its quarterly file, and at any date at /api/v1/history/kwt/{date}.json. How these are read.
What does KWT share with other ETFs?
The ETF nearest to KWT is EELV: the two hold 4.5% of their weight in common, in the 7 companies both own, and 61.2% of KWT itself is also held there. KWT barely overlaps any covered ETF.
| ETF | Overlap by weight | Of KWT held there | Of that ETF in KWT | Companies in both | Overlap bar |
|---|---|---|---|---|---|
| EELV | 4.5% | 61.2% | 5.2% | 7 | |
| EDIV | 3.4% | 33.4% | 3.4% | 5 | |
| EWX | 1.3% | 30.2% | 1.4% | 23 | |
| EMXF | 1.2% | 62.0% | 1.2% | 7 | |
| EEMS | 0.8% | 31.3% | 0.8% | 19 | |
| SPEM | 0.7% | 82.3% | 0.7% | 20 | |
| EMXC | 0.7% | 62.0% | 0.7% | 7 | |
| AVES | 0.7% | 66.7% | 0.7% | 15 | |
| SCHE | 0.7% | 63.5% | 0.7% | 8 | |
| VWO | 0.7% | 90.1% | 0.7% | 23 | |
| EEMX | 0.6% | 62.0% | 0.6% | 7 | |
| EEM | 0.6% | 62.0% | 0.6% | 7 |
AVES's holdings are from its SEC Form N-PORT for the period ended 2026-05-31, filed 2026-07-29. SCHE's holdings are from its SEC Form N-PORT for the period ended 2026-08-31, filed 2026-10-27. VWO's holdings are from its SEC Form N-PORT for the period ended 2026-07-31, filed 2026-09-28. The other ETFs' holdings are from their issuers' latest files. Check KWT against any ETF in the ETF overlap calculator · how overlap is measured.
What adds something different to KWT?
IYR shares 0% of weight with KWT and its weekly returns correlate with it at 0.18 over three years. The table lists the covered ETFs with the least in common with KWT, least shared weight first and, among equals, lowest correlation.
| ETF | Name | Overlap by weight | Correlation, 3y | Companies in both |
|---|---|---|---|---|
| IYR | iShares U.S. Real Estate ETF | 0.0% | 0.18 | 0 |
| USRT | iShares Core U.S. REIT ETF | 0.0% | 0.19 | 0 |
| REET | iShares Global REIT ETF | 0.0% | 0.24 | 0 |
| USMV | iShares MSCI USA Min Vol Factor ETF | 0.0% | 0.38 | 0 |
| IJR | iShares Core S&P Small-Cap ETF | 0.0% | 0.40 | 0 |
| VLUE | iShares MSCI USA Value Factor ETF | 0.0% | 0.43 | 0 |
| IJH | iShares Core S&P Mid-Cap ETF | 0.0% | 0.45 | 0 |
| THRO | iShares U.S. Thematic Rotation Active ETF | 0.0% | 0.48 | 0 |
Cost, returns and risk
| Expense ratio | 0.75% |
|---|---|
| Dividend yield | 5.59% |
| Total return, 1 year | -7.0% |
| Total return, 3 years cumulative | 37.3% |
| Total return, 5 years cumulative | 27.2% |
| Volatility, annualised | 12.1% |
| Worst fall, 3 years | -12.8% |
| Beta against SPY, 3 years of weekly returns | 0.44 |
| Weight in the ten largest positions | 72.0% |
| Largest single position | 23.2% |
| Assets under management | $0.1B |
Expense ratio, yield and assets are reference data (the expense ratio from KWT's SEC filing of 2025-12-19); the weight in the ten largest positions and the largest single position are from the issuer file of 2026-10-27; every other figure is computed here from weekly closes.
How it moves with the market
| Against | Correlation, 3 years | Covariance, annualised, in percent squared |
|---|---|---|
| SPY | 0.51loosely linked | 85 |
| QQQ | 0.46loosely linked | 108 |
Weekly total returns. What the bands mean · why the covariance is printed.
Year by year
| Year | Total return |
|---|---|
| 2026 | -5.4% |
| 2025 | 25.4% |
| 2024 | 11.3% |
| 2023 | -4.7% |
| 2022 | 3.8% |
One year
Where to go next
- QAT, iShares MSCI Qatar ETF
- UAE, iShares MSCI UAE ETF
- EIS, iShares MSCI Israel ETF
- EZA, iShares MSCI South Africa ETF
- Run a portfolio x-ray to see what KWT carries once you look through it
- Compare KWT against any other ETF in the builder
Holdings from the most recent file iShares has published, dated 2026-10-27. Prices through 2026-10-28. How every figure here is produced. Measurements, not investment advice.
Cite this page
TickerInside, iShares MSCI Kuwait ETF (KWT), holdings from the issuer's file of 2026-10-27, https://tickerinside.com/etf/kwt/, CC BY 4.0
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