GXC — State Street SPDR S&P China ETF

GXC Price Performance — Growth of $10,000

Value of a $10,000 investment in GXC over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

GXC Drawdown

The "underwater" chart: GXC's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The State Street SPDR S&P China ETF is a Single Country - Emerging market fund issued by State Street Investment Management with $457 million in assets. It holds an ETFValuer grade of F, ranking 19th out of 22 peers in its category and 447th of 458 tracked ETFs overall. The fund charges an expense ratio of 0.59%, which matches the category median, while offering a dividend yield of 2.45% that trails the peer average of 2.68%. Concentration is notable, with the top 10 holdings comprising 30.7% of assets and Tencent Holdings Ltd serving as the largest single position at 9.9%.

Price action shows the fund trading at $81.21, near the bottom of its 52-week range at just 2.8% above the low. Short-term returns are negative across one-day, one-week, one-month, and three-month horizons, with the one-month decline reaching -7.21%. The one-year return of -17.69% significantly underperforms the category median of +7.84%, though the three-year record remains positive at +26.49%. The ETFValuer grade has remained unchanged at F for the last 35 tracked days, and price history is available for only 3.0 years.

The fund exhibits a beta of 0.60, indicating it moves less than the broader market, alongside a moderate annualized volatility of 17.57%. A Sharpe ratio of -1.29 suggests poor risk-adjusted returns relative to the risk-free rate during the measurement period. Maximum drawdowns have reached -25.54%, reflecting significant downside potential. Liquidity is limited, with an average daily volume of only 20,018 shares.

AI-generated summary based on the data on this page.

GXC Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 30.7% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how GXC's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With GXC

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with GXC's top 10 — MCHI overlaps most, holding 8 of the same companies as GXC's top 10 (27.3% of GXC's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.96% (as of 2026-10-22) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 19.03 (as of 2026-10-22) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GXC Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 20K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $457M provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: GXC is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

GXC Performance History

How GXC Compares to Other Single Country - Emerging ETFs