- ISIN
- US78463X4007
- CUSIP
- 78463X400
- Issuer
- State Street
- Inception Date
- Mar 19, 2007
- Region
- Emerging Asia Pacific (China)
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P China BMI Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $460M
Share Price Chart
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Performance
GXC Performance Chart
SPDR S&P China ETF (GXC) is down 6.5% since the beginning of the year. GXC is currently trading at $90 per share. Investors who bought $1,000 worth of GXC shares 5 years ago would now be looking at an investment worth $789.
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Returns By Period
SPDR S&P China ETF (GXC) has returned -6.50% so far this year and 8.50% over the past 12 months. Over the last ten years, GXC has returned 5.28% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
SPDR S&P China ETF
- 1D
- 0.75%
- 1M
- -2.98%
- YTD
- -6.50%
- 6M
- -8.11%
- 1Y
- 8.50%
- 3Y*
- 10.33%
- 5Y*
- -4.63%
- 10Y*
- 5.28%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GXC Monthly Returns History
Based on dividend-adjusted daily data since Mar 23, 2007, GXC's average daily return is +0.04%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +28.8%, while the worst month was Oct 2008 at -23.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, GXC closed higher 51% of trading days. The best single day was Mar 16, 2022 with a return of +19.7%, while the worst single day was Oct 15, 2008 at -15.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.41% | -3.68% | -5.26% | 3.32% | -4.08% | -1.91% | -6.50% | ||||||
| 2025 | 2.14% | 9.61% | 1.24% | -4.86% | 2.27% | 5.86% | 4.51% | 7.70% | 6.51% | -2.92% | -2.28% | -1.46% | 30.84% |
| 2024 | -10.89% | 6.90% | 1.37% | 4.73% | 4.18% | -3.77% | -1.41% | -0.38% | 22.15% | -2.87% | -3.30% | 0.31% | 14.60% |
| 2023 | 12.38% | -9.85% | 3.67% | -3.88% | -9.35% | 3.97% | 10.63% | -9.50% | -3.13% | -3.49% | 2.42% | -1.25% | -9.93% |
| 2022 | -0.43% | -5.22% | -9.57% | -4.90% | 2.74% | 7.58% | -10.07% | -0.44% | -13.89% | -14.42% | 28.79% | 2.16% | -22.12% |
| 2021 | 8.16% | -0.59% | -6.46% | 0.63% | 0.28% | 0.80% | -12.78% | -0.10% | -4.47% | 1.95% | -4.82% | -2.81% | -19.70% |
Benchmark Metrics
SPDR S&P China ETF has an annualized alpha of -1.87%, beta of 1.10, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since March 23, 2007.
- This ETF participated in 92.21% of S&P 500 Index downside but only 75.15% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.87%
- Beta
- 1.10
- R²
- 0.48
- Upside Capture
- 75.15%
- Downside Capture
- 92.21%
Expense Ratio
GXC has an expense ratio of 0.59%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GXC ranks 15 for risk / return — in the bottom 15% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GXC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.58 | ||
| Sortino ratioReturn per unit of downside risk | -2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.37 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 2.78 | -2.20 |
| Martin ratioReturn relative to average drawdown | 1.26 | 12.44 | -11.18 |
Dividends
Dividend History
SPDR S&P China ETF provided a 3.33% dividend yield over the last twelve months, with an annual payout of $2.99 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.99 | $2.33 | $2.13 | $2.52 | $2.10 | $1.40 | $1.35 | $1.64 | $1.72 | $1.97 | $1.47 | $2.10 |
Dividend yield | 3.33% | 2.40% | 2.81% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P China ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.67 | $0.67 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.32 | $2.33 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.50 | $2.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.69 | $2.52 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.33 | $2.10 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $1.40 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the SPDR S&P China ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the SPDR S&P China ETF was 71.96%, occurring on Oct 27, 2008. Recovery took 1627 trading sessions.
The current SPDR S&P China ETF drawdown is 33.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -71.96%Oct 2008 | 12mo 1d | 6y 5mo | 7y 5moNov 2007 - Apr 2015 |
Bear market2022 | -60.23%Oct 2022 | 1y 8mo | — | 5y 4moFeb 2021 - now |
2016 bear market2016 | -39.71%Feb 2016 | 9mo 19d | 1y 5mo | 2y 2moApr 2015 - Jul 2017 |
Rate-hike selloffLate 2018 | -32.96%Oct 2018 | 9mo 3d | 1y 8mo | 2y 5moJan 2018 - Jul 2020 |
2007 correction2007 | -16.82%Aug 2007 | 23d | 11d | 1mo 4dJul 2007 - Aug 2007 |
Drawdown Indicators
| GXC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.96% | -56.78% | -15.18% |
Max Drawdown (1Y)Largest decline over 1 year | -14.63% | -9.10% | -5.53% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -18.90% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -53.99% | -25.43% | -28.56% |
Max Drawdown (10Y)Largest decline over 10 years | -60.23% | -33.92% | -26.31% |
Current DrawdownCurrent decline from peak | -33.92% | -1.80% | -32.12% |
Average DrawdownAverage peak-to-trough decline | -28.83% | -10.71% | -18.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.77% | 2.03% | +4.74% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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