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 (GXC) is a Single Country - Emerging fund managed by State Street Investment Management. With $435 million in assets under management and a share price of $88.03, the fund represents a moderate level of investor adoption within its specific niche. It carries an expense ratio of 0.59% and offers a dividend yield of 2.31%. The ETF holds an overall rank of #442 out of 458 tracked funds across all categories, resulting in an ETFValuer grade of F with a score of 32.1 out of 100. This low ranking contrasts with the fund's position as one of 22 ETFs tracked in the Single Country - Emerging category. The combination of a high expense ratio relative to its low grade and modest asset size suggests limited competitive advantage among its peers.

Recent performance data shows a mixed trajectory with short-term gains contrasting against significant medium-term losses. The fund posted a 1-day return of -0.46% followed by a 1-week gain of +0.53% and a 1-month increase of +1.00%. However, these short-term positives were overshadowed by a 3-month decline of -6.93% and a 6-month drop of -13.61%. Year-to-date returns stand at -11.38%, while the 1-year return is recorded at -4.12%. In contrast, the 3-year return shows a positive trend of +17.54%, indicating a divergence between recent underperformance and longer-term historical results.

The fund is classified with a Moderate volatility label and exhibits a beta of 0.69, suggesting it moves less than the broader market. Despite this lower beta, the fund experienced a maximum drawdown of -25.54%, indicating significant downside risk during market declines. The Sharpe ratio of -0.47 reflects a negative risk-adjusted return profile over the measured period. This combination of moderate volatility, a low beta, and a substantial maximum drawdown implies that the fund has struggled to generate returns commensurate with the capital at risk. The negative Sharpe ratio further confirms that the recent losses have outweighed the compensation provided for the volatility endured.

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

GXC Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 34.4% 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 9 of the same companies as GXC's top 10 (32.7% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

GXC Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 0.16% and average daily volume is 28K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $435M 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