GXC vs. ECNS
Compare and contrast key facts about SPDR S&P China ETF (GXC) and iShares MSCI China Small-Cap ETF (ECNS).
GXC and ECNS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GXC is a passively managed fund by State Street that tracks the performance of the S&P China BMI Index. It was launched on Mar 19, 2007. ECNS is a passively managed fund by iShares that tracks the performance of the MSCI China Small Cap Index. It was launched on Sep 28, 2010. Both GXC and ECNS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GXC vs. ECNS - Performance Comparison
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GXC vs. ECNS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | -4.21% | 30.84% | 14.60% | -9.93% | -22.12% | -19.70% | 28.31% | 23.07% | -19.39% | 51.66% |
ECNS iShares MSCI China Small-Cap ETF | 1.03% | 36.49% | 5.64% | -23.05% | -24.58% | 2.11% | 25.42% | 7.84% | -18.27% | 27.55% |
Returns By Period
In the year-to-date period, GXC achieves a -4.21% return, which is significantly lower than ECNS's 1.03% return. Over the past 10 years, GXC has outperformed ECNS with an annualized return of 5.15%, while ECNS has yielded a comparatively lower 2.41% annualized return.
GXC
- 1D
- -0.42%
- 1M
- -5.54%
- YTD
- -4.21%
- 6M
- -10.98%
- 1Y
- 10.37%
- 3Y*
- 7.19%
- 5Y*
- -4.63%
- 10Y*
- 5.15%
ECNS
- 1D
- 1.81%
- 1M
- -6.73%
- YTD
- 1.03%
- 6M
- -12.80%
- 1Y
- 25.53%
- 3Y*
- 5.23%
- 5Y*
- -5.25%
- 10Y*
- 2.41%
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GXC vs. ECNS - Expense Ratio Comparison
Both GXC and ECNS have an expense ratio of 0.59%.
Return for Risk
GXC vs. ECNS — Risk / Return Rank
GXC
ECNS
GXC vs. ECNS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and iShares MSCI China Small-Cap ETF (ECNS). 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 | ECNS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | 1.02 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.76 | 1.42 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.59 | -0.95 |
Martin ratioReturn relative to average drawdown | 2.01 | 3.54 | -1.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GXC | ECNS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | 1.02 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.18 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.09 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.04 | +0.12 |
Correlation
The correlation between GXC and ECNS is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GXC vs. ECNS - Dividend Comparison
GXC's dividend yield for the trailing twelve months is around 2.51%, less than ECNS's 6.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 2.51% | 2.40% | 2.81% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% |
ECNS iShares MSCI China Small-Cap ETF | 6.14% | 6.20% | 5.98% | 4.89% | 3.54% | 4.87% | 3.59% | 3.23% | 6.16% | 3.18% | 4.29% | 3.58% |
Drawdowns
GXC vs. ECNS - Drawdown Comparison
The maximum GXC drawdown since its inception was -71.96%, which is greater than ECNS's maximum drawdown of -63.43%. Use the drawdown chart below to compare losses from any high point for GXC and ECNS.
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Drawdown Indicators
| GXC | ECNS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.96% | -63.43% | -8.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | -16.93% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | -54.30% | -59.61% | +5.31% |
Max Drawdown (10Y)Largest decline over 10 years | -60.23% | -63.43% | +3.20% |
Current DrawdownCurrent decline from peak | -32.31% | -34.96% | +2.65% |
Average DrawdownAverage peak-to-trough decline | -28.81% | -29.33% | +0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 7.63% | -2.37% |
Volatility
GXC vs. ECNS - Volatility Comparison
SPDR S&P China ETF (GXC) and iShares MSCI China Small-Cap ETF (ECNS) have volatilities of 6.07% and 5.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXC | ECNS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 5.98% | +0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 15.21% | -1.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.60% | 25.26% | -2.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.92% | 29.43% | -0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.08% | 26.05% | +0.03% |