- Issuer
- State Street
- Inception Date
- Sep 4, 2024
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- S&P Emerging ex-China BMI
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $9M
Highlights
- Avg. Volume (1M)
- 480
- Avg. Volume Value (1M)
- $15.72K
Share Price Chart
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Performance
XCNY Performance Chart
SPDR S&P Emerging Markets ex-China ETF (XCNY) is up 15.7% since the beginning of the year. XCNY is currently trading at $32 per share.
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Returns By Period
SPDR S&P Emerging Markets ex-China ETF (XCNY) has returned 15.72% so far this year and 28.31% over the past 12 months.
SPDR S&P Emerging Markets ex-China ETF
- 1D
- 0.95%
- 1M
- -2.62%
- 6M
- 10.07%
- YTD
- 15.72%
- 1Y
- 28.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 16.79%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
XCNY Monthly Returns History
Based on dividend-adjusted daily data since Sep 5, 2024, XCNY's average daily return is +0.07%, while the average monthly return is +1.37%. At this rate, an investment would double in approximately 4.2 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2026 with a return of +11.0%, while the worst month was Mar 2026 at -7.6%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 5 months.
On a daily basis, XCNY closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.7%, while the worst single day was Apr 4, 2025 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.13% | 5.42% | -7.56% | 11.03% | 4.62% | 1.71% | -4.40% | 15.72% | |||||
| 2025 | -0.63% | -4.07% | 1.92% | 2.30% | 4.76% | 5.19% | -0.88% | 1.18% | 4.70% | 3.44% | -1.00% | 2.26% | 20.42% |
| 2024 | 2.94% | -3.70% | -1.41% | -1.40% | -3.63% |
Benchmark Metrics
SPDR S&P Emerging Markets ex-China ETF has an annualized alpha of 2.14%, beta of 0.87, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since September 05, 2024.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (72.05%) than losses (46.55%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.14% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.87 and R2 of 0.58, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.14%
- Beta
- 0.87
- R²
- 0.58
- Upside Capture
- 72.05%
- Downside Capture
- 46.55%
Expense Ratio
XCNY has an expense ratio of 0.15%, which is considered low.
Return for Risk
Risk / Return Rank
XCNY ranks 64 for risk / return — above 64% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for SPDR S&P Emerging Markets ex-China ETF (XCNY) 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.
| XCNY | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | 2.00 | +0.40 |
| Martin ratioReturn relative to average drawdown | 7.99 | 8.49 | -0.50 |
Dividends
Dividend History
SPDR S&P Emerging Markets ex-China ETF provided a 2.31% dividend yield over the last twelve months, with an annual payout of $0.75 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.75 | $0.75 | $0.26 |
Dividend yield | 2.31% | 2.68% | 1.07% |
Monthly Dividends
The table displays the monthly dividend distributions for SPDR S&P Emerging Markets ex-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 | $0.28 | $0.00 | $0.28 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.75 |
| 2024 | $0.26 | $0.26 |
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 Emerging Markets ex-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 Emerging Markets ex-China ETF was 19.70%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current SPDR S&P Emerging Markets ex-China ETF drawdown is 6.26%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-19.70%Apr 2025 | 6mo 13d | 2mo 20d | 9mo 3dSep 2024 - Jun 2025 | 2025 selloff2025 |
-11.86%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
-9.84%Jul 2026 | 1mo 6d | — | 1mo 11dJun 2026 - now | — |
-6.02%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 | — |
-5.42%May 2026 | 12d | 7d | 19dMay 2026 - May 2026 | — |
Drawdown Indicators
| XCNY | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.70% | -56.78% | +37.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.86% | -9.10% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.26% | -1.58% | -4.68% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -10.70% | +6.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.14% | +1.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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