XCNY
SPDR S&P Emerging Markets ex-China ETF
The SPDR S&P Emerging Markets ex-China ETF aims to provide investment results that correspond to the performance of the S&P Emerging Markets ex-China Index by investing in large- and mid-cap companies across emerging market countries, excluding China.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 5.8 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 04, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 17.3 % |
| Global X HealthTech ETF | 5.3 % |
| DELTA ELECTRONICS INC | 1.5 % |
| RELIANCE INDUSTRIES LTD | 1.4 % |
| HDFC BANK LIMITED | 1.3 % |
| HON HAI PRECISION INDUSTRY | 1.1 % |
| MEDIATEK INC | 1.0 % |
| ICICI BANK LTD | 0.9 % |
| ACCTON TECHNOLOGY CORP | 0.7 % |
| INFOSYS TECHNOLOGIES LTD | 0.7 % |
Constituent Breakdown
| Number of holdings | 1051 |
| Herfindahl-Hirschman Index | 350 |
| Wgt avg mkt cap (mns) | $247,602 |
| Large cap (>$10bn) | 61.4% |
| Mid cap ($2-10bn) | 18.0% |
| Small cap (<$2bn) | 6.7% |
| Developed mkts. | 1.7% |
| Emerging mkts. | 87.7% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 34.0 % |
 |
INDIA | 20.9 % |
 |
BRAZIL | 6.0 % |
 |
SOUTH AFRICA | 4.7 % |
 |
SAUDI ARABIA | 3.9 % |
 |
MEXICO | 2.8 % |
 |
MALAYSIA | 2.5 % |
 |
THAILAND | 1.9 % |
 |
UAE | 1.8 % |
 |
INDONESIA | 1.6 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 10.8% | 36.1% | -- | -- | -- | -- | -- | 15.6% |
| Dividend Yield | 0.0% | 3.9% | -- | -- | -- | -- | -- | 3.1% |
| Total Returns | 10.8% | 40.0% | -- | -- | -- | -- | -- | 18.6% | Ann. Volatility | 14.3% | 17.1% | -- | -- | -- | -- | -- | 16.0% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 65% |
| MSCI EAFE | 0.86 | 67% |
| MSCI Emg Mkts | 0.85 | 80% |
Liquidity Measures
| Avg. volume (000) | 4 |
| ADV traded (mns) | $0 |
| Turnover | 2.0% |
| Avg. Bid/Ask (% of price) | 0.34% |
Technical Indicators
| 30d moving avg. (EMA) | $30.32 |
| Relative strength (RSI) | 63 |
| MACD/Signal | 0.51/0.51 |
| Bollinger Bands (Upper/Lower) | $31.75/$29.53 |
| Short interest (% of AUM) | 2.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XCNY |
Expenses vs. XCNY |
ALTAR Score™ vs. XCNY |
|---|---|---|---|---|
| VEXC | Vanguard Emerging Markets Ex-China ETF | 72.4% | -8 bp | +0.1% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 63.3% | +10 bp | -0.1% |
| SCHE | Schwab Emerging Markets Equity ETF | 55.6% | -4 bp | +4.0% |
| VWO | Vanguard FTSE Emerging Markets ETF | 55.6% | -8 bp | +3.7% |
| STXE | Strive Emerging Markets Ex-China ETF | 53.9% | +17 bp | +0.0% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 50.1% | +15 bp | +3.1% |
| XCEM | Columbia EM Core ex-China ETF | 49.6% | +1 bp | -0.1% |
| SPEM | SPDR Portfolio Emerging Markets ETF | 49.3% | -8 bp | +4.0% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 49.2% | +51 bp | +2.1% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 49.0% | 0 bp | +3.0% |
Risk and Returns: XCNY 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/8/2026
Peer Group Comparison Sample data. Subscribe for access.
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
6.8%
ALTAR SCORE™
31st
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 196 funds in the Emerging Equity category with an average
ALTAR Score™ of 8.1% and a standard deviation
of 2.4%. XCNY's ALTAR Score™ is approximately -0.5 standard
deviations above the category average. This places XCNY in the 31st percentile
among funds in the category.
Sell-Side Consensus
$33.8
PRICE TARGET
+16.5%
UPSIDE