GXC
SPDR S&P China ETF
SPDR S&P China ETF objective is to replicate the performance of the S&P China BMI Index. The Index measures publicly traded companies domiciled in China, but legally available to foreign inves
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
429.0 M
ASSETS UNDER MGMT
59 bp
EXPENSES
Fund Basics
| Fund sponsor | SSGA Funds Management Inc |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 19, 2007 |
| Assets (mns) | $429 |
| Expense ratio | 59 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TENCENT HOLDINGS LTD | 12.5 % |
| ALIBABA GROUP HOLDING LTD. | 7.1 % |
| XIAOMI CORP. CLASS B | 3.9 % |
| CHINA CONSTRUCTION BANK-H | 3.2 % |
| MEITUAN DIANPING | 2.9 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 2.4 % |
| IND & COMM BK OF CHINA - H | 1.9 % |
| BYD CO LTD-H | 1.8 % |
| BANK OF CHINA LTD - H | 1.6 % |
| JD.COM, INC. CLASS A | 1.5 % |
Constituent Breakdown
| Number of holdings | 557 |
| Herfindahl-Hirschman Index | 281 |
| Wgt avg mkt cap (mns) | $124,734 |
| Large cap (>$10bn) | 62.7% |
| Mid cap ($2-10bn) | 13.4% |
| Small cap (<$2bn) | 4.7% |
| Developed mkts. | 6.2% |
| Emerging mkts. | 73.5% |
Country Exposure
 |
CHINA | 73.4 % |
 |
HONG KONG | 5.9 % |
Historical Performance
Standardized Performance (as of 06/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.4% | 27.9% | 8.9% | -1.6% | -3.6% | -0.2% | -- | 2.7% |
| Dividend Yield | 0.0% | 0.0% | 1.9% | 2.1% | 1.7% | 1.9% | -- | 1.9% |
| Total Returns | 15.4% | 27.9% | 10.8% | 0.5% | -1.8% | 1.8% | -- | 4.6% | Ann. Volatility | 28.8% | 34.2% | 28.8% | 29.0% | 29.8% | 27.0% | -- | 32.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.47 | 6% |
| MSCI EAFE | 1.01 | 27% |
| MSCI Emg Mkts | 1.59 | 71% |
Liquidity Measures
| Avg. volume (000) | 10 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.23% |
Technical Indicators
| Recent close | $87.55 |
| 30d moving avg. | $86.40 |
| Annualized volatility | 32.0% |
| Relative strength (RSI) | 54 |
| Short interest | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| FLCH | Franklin FTSE China ETF | 69.3% | -40 bp | 0.0% |
| MCHI | iShares MSCI China ETF | 69.2% | 0 bp | 0.0% |
| KALL | KraneShares MSCI All China Index ETF | 57.1% | -10 bp | 0.0% |
| BKF | iShares MSCI BIC ETF | 48.1% | +10 bp | 0.0% |
| FXI | iShares China Large-Cap ETF | 47.4% | +15 bp | 0.0% |
| AIA | iShares Asia 50 ETF | 41.9% | -9 bp | 0.0% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 41.6% | -27 bp | 0.0% |
| MCH | Matthews China Active ETF | 38.1% | +20 bp | 0.0% |
| JCHI | JPMorgan Active China ETF | 36.5% | +6 bp | 0.0% |
| EMSG | Xtrackers MSCI Emerging Markets ESG Leaders Equity ETF | 33.7% | -39 bp | 0.0% |
Risk and Returns: vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 7/1/2025
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
GXC
0.0%
Cat. Avg
9.1%
ALTAR Score™ Calculation
Category Overview
There are 8 funds in the Emerging Equity category, with an average ALTAR Score™
of 9.1% and a standard deviation of
1.5%. GXC's ALTAR Score™ is approximately
0.0 standard deviations
below
the category average. This places GXC in the percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GXCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| (59 bp) Percentile rank | 63 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| GXC | 59.0 | 0.0 | 59 |
| Peer Avg. | 50.3 | 27.3 | 77.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .