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) operates within the Single Country - Emerging category, where ETFValuer tracks a total of 22 funds. Managed by State Street Investment Management, the fund holds $435 million in assets under management and trades at a price of $89.69. It carries an expense ratio of 0.59% and offers a dividend yield of 2.31%. Across all tracked categories, the ETF holds an overall rank of #442 out of 458 funds, receiving an ETFValuer grade of F with a score of 32.4 out of 100. The combination of a lower asset base relative to the category size and a low overall rank suggests limited investor adoption compared to higher-ranked peers. These metrics collectively characterize the fund as a smaller, lower-rated vehicle within its specific investment niche.

Recent performance data shows a mixed trajectory across various time horizons, starting with a 1-day return of +0.06% and a 1-week gain of +0.47%. The fund posted a stronger 1-month return of +4.41% before reversing course with a 3-month decline of -5.08%. This negative trend continued into the 6-month period with a return of -11.87%, contributing to a year-to-date loss of -9.71%. The 1-year return stands at -1.98%, indicating that short-term gains have not yet offset longer-term losses. However, the 3-year return shows a significant positive divergence, reaching +25.75% despite the recent underperformance. This pattern highlights a sharp deceleration in returns over the last year compared to the three-year historical average.

The fund is assigned a Moderate volatility label and exhibits a beta of 0.69, indicating that its price movements have historically been less sensitive to broad market fluctuations. Despite this lower beta, the fund recorded a maximum drawdown of -25.54%, reflecting substantial peak-to-trough declines during adverse market conditions. The Sharpe ratio of -0.36 suggests that the risk-adjusted returns have been negative over the measured period, meaning the fund has not adequately compensated investors for the volatility taken. This combination of moderate volatility, a low beta, and a significant maximum drawdown implies that while the fund may move less than the market on average, it has experienced severe declines that have negatively impacted its risk-adjusted performance metrics.

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 7 of the same companies as GXC's top 10 (29.3% 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: 4.65% (as of 2026-07-27) — 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): 18.67 (as of 2026-07-27) — 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 4.77% 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