GXC vs. FHKCX
Compare and contrast key facts about SPDR S&P China ETF (GXC) and Fidelity China Region Fund (FHKCX).
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. FHKCX is managed by Fidelity. It was launched on Nov 1, 1995.
Performance
GXC vs. FHKCX - Performance Comparison
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GXC vs. FHKCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | -3.81% | 30.84% | 14.60% | -9.93% | -22.12% | -19.70% | 28.31% | 23.07% | -19.39% | 51.66% |
FHKCX Fidelity China Region Fund | 5.51% | 42.56% | 23.15% | -0.29% | -23.87% | -13.69% | 47.85% | 35.12% | -17.43% | 51.94% |
Returns By Period
In the year-to-date period, GXC achieves a -3.81% return, which is significantly lower than FHKCX's 5.51% return. Over the past 10 years, GXC has underperformed FHKCX with an annualized return of 5.19%, while FHKCX has yielded a comparatively higher 12.16% annualized return.
GXC
- 1D
- 2.12%
- 1M
- -5.26%
- YTD
- -3.81%
- 6M
- -10.09%
- 1Y
- 11.04%
- 3Y*
- 7.34%
- 5Y*
- -4.55%
- 10Y*
- 5.19%
FHKCX
- 1D
- -0.67%
- 1M
- -9.04%
- YTD
- 5.51%
- 6M
- 6.28%
- 1Y
- 43.83%
- 3Y*
- 19.86%
- 5Y*
- 2.80%
- 10Y*
- 12.16%
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GXC vs. FHKCX - Expense Ratio Comparison
GXC has a 0.59% expense ratio, which is lower than FHKCX's 0.91% expense ratio.
Return for Risk
GXC vs. FHKCX — Risk / Return Rank
GXC
FHKCX
GXC vs. FHKCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and Fidelity China Region Fund (FHKCX). 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 | FHKCX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.49 | 1.87 | -1.38 |
Sortino ratioReturn per unit of downside risk | 0.80 | 2.41 | -1.61 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.35 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.65 | 2.51 | -1.87 |
Martin ratioReturn relative to average drawdown | 2.06 | 9.74 | -7.68 |
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 | FHKCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.49 | 1.87 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | 0.12 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.55 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.40 | -0.24 |
Correlation
The correlation between GXC and FHKCX is 0.87, 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. FHKCX - Dividend Comparison
GXC's dividend yield for the trailing twelve months is around 2.50%, more than FHKCX's 1.66% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FHKCX Fidelity China Region Fund | 1.66% | 1.75% | 1.39% | 1.92% | 1.05% | 10.77% | 4.85% | 0.66% | 0.83% | 0.39% | 1.35% | 15.47% |
Drawdowns
GXC vs. FHKCX - Drawdown Comparison
The maximum GXC drawdown since its inception was -71.96%, which is greater than FHKCX's maximum drawdown of -61.96%. Use the drawdown chart below to compare losses from any high point for GXC and FHKCX.
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Drawdown Indicators
| GXC | FHKCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.96% | -61.96% | -10.00% |
Max Drawdown (1Y)Largest decline over 1 year | -16.56% | -15.94% | -0.62% |
Max Drawdown (5Y)Largest decline over 5 years | -54.30% | -53.82% | -0.48% |
Max Drawdown (10Y)Largest decline over 10 years | -60.23% | -58.41% | -1.82% |
Current DrawdownCurrent decline from peak | -32.02% | -10.80% | -21.22% |
Average DrawdownAverage peak-to-trough decline | -28.81% | -20.37% | -8.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.20% | 4.12% | +1.08% |
Volatility
GXC vs. FHKCX - Volatility Comparison
The current volatility for SPDR S&P China ETF (GXC) is 6.79%, while Fidelity China Region Fund (FHKCX) has a volatility of 9.27%. This indicates that GXC experiences smaller price fluctuations and is considered to be less risky than FHKCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GXC | FHKCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 9.27% | -2.48% |
Volatility (6M)Calculated over the trailing 6-month period | 13.72% | 16.45% | -2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.59% | 23.16% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.94% | 23.97% | +4.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.08% | 22.10% | +3.98% |