GXC vs. DRAG

Last updated Jun 4, 2026

GXC (SPDR S&P China ETF) and DRAG (Roundhill China Dragons ETF) are both China Equities funds. GXC is passively managed, while DRAG is actively managed. Both charge a 0.59% expense ratio.

Performance

GXC vs. DRAG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P China ETF (GXC) and Roundhill China Dragons ETF (DRAG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GXC

• 1D: -2.27%
• 1M: -2.82%
• YTD: -3.93%
• 6M: -5.13%
• 1Y: 12.26%
• 3Y*: 10.65%
• 5Y*: -4.55%
• 10Y*: 5.25%

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GXC vs. DRAG - Yearly Performance Comparison

	2026 (YTD)
GXC SPDR S&P China ETF	-8.12%
DRAG Roundhill China Dragons ETF	0.00%

GXC vs. DRAG - Sectors Allocation Comparison

Sectors	GXC	DRAG
Consumer Cyclical	22.9%	72.4%
Financial Services	17.1%	-
Communication Services	14.3%	17.3%
Technology	11.9%	10.2%
Industrials	9.1%	-
Basic Materials	7.0%	-
Healthcare	6.7%	-
Consumer Defensive	3.7%	-
Energy	3.5%	-
Real Estate	1.9%	-
Utilities	1.8%	-

Return for Risk

GXC vs. DRAG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GXC

GXC Risk / Return Rank: 19
GXC Sharpe Ratio Rank: 19
GXC Sortino Ratio Rank: 19
GXC Omega Ratio Rank: 19
GXC Calmar Ratio Rank: 20
GXC Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GXC vs. DRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and Roundhill China Dragons ETF (DRAG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GXC	DRAG	Difference
Sharpe ratio Return per unit of total volatility	0.65	—	—
Sortino ratio Return per unit of downside risk	1.03	—	—
Omega ratio Gain probability vs. loss probability	1.13	—	—
Calmar ratio Return relative to maximum drawdown	0.90	—	—
Martin ratio Return relative to average drawdown	2.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	GXC	DRAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	—	—

Drawdowns

GXC vs. DRAG - Drawdown Comparison

The maximum GXC drawdown since its inception was -71.96%, which is greater than DRAG's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for GXC and DRAG.

Drawdown Indicators

	GXC	DRAG	Difference
Max Drawdown Largest peak-to-trough decline	-71.96%	0.00%	-71.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.73%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-53.99%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-60.23%	—	—
Current Drawdown Current decline from peak	-32.10%	0.00%	-32.10%
Average Drawdown Average peak-to-trough decline	-28.82%	0.00%	-28.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.09%	—	—

Volatility

Volatility by Period

	GXC	DRAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.88%	0.00%	+18.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.97%	0.00%	+28.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.09%	0.00%	+26.09%

GXC vs. DRAG - Expense Ratio Comparison

Both GXC and DRAG have an expense ratio of 0.59%.

Dividends

GXC vs. DRAG - Dividend Comparison

GXC's dividend yield for the trailing twelve months is around 2.50%, while DRAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DRAG Roundhill China Dragons ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GXC SPDR S&P China ETF	2.50%	2.40%	2.81%	3.70%	2.67%	1.35%	1.04%	1.60%	2.03%	1.84%	2.05%	2.85%

Frequently Asked Questions

Which ETF is better, GXC or DRAG?

Both ETFs have the same 0.59% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXC or DRAG?

GXC and DRAG have the same expense ratio: 0.59% per year.

Which ETF pays a higher dividend yield, GXC or DRAG?

GXC has the higher dividend yield at 2.50%, compared with 0.00% for DRAG.

What is the main difference between GXC and DRAG?

They also come from different issuers: State Street and Roundhill.