GXC vs. FXI
Compare and contrast key facts about SPDR S&P China ETF (GXC) and iShares China Large-Cap ETF (FXI).
GXC and FXI 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. FXI is a passively managed fund by iShares that tracks the performance of the FTSE China 25 Index. It was launched on Oct 5, 2004. Both GXC and FXI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GXC or FXI.
Key characteristics
| GXC | FXI | |
|---|---|---|
| YTD Return | -2.67% | 1.62% |
| 1Y Return | -13.61% | -11.31% |
| 3Y Return (Ann) | -19.07% | -18.10% |
| 5Y Return (Ann) | -6.47% | -9.18% |
| 10Y Return (Ann) | 1.36% | -1.00% |
| Sharpe Ratio | -0.64 | -0.46 |
| Daily Std Dev | 23.31% | 27.66% |
| Max Drawdown | -72.16% | -72.68% |
| Current Drawdown | -54.11% | -51.89% |
Correlation
The correlation between GXC and FXI is 0.97, 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.
Performance
GXC vs. FXI - Performance Comparison
In the year-to-date period, GXC achieves a -2.67% return, which is significantly lower than FXI's 1.62% return. Over the past 10 years, GXC has outperformed FXI with an annualized return of 1.36%, while FXI has yielded a comparatively lower -1.00% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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GXC vs. FXI - Expense Ratio Comparison
GXC has a 0.59% expense ratio, which is lower than FXI's 0.74% expense ratio.
Risk-Adjusted Performance
GXC vs. FXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and iShares China Large-Cap ETF (FXI). 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.
Dividends
GXC vs. FXI - Dividend Comparison
GXC's dividend yield for the trailing twelve months is around 3.80%, more than FXI's 3.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 3.80% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
FXI iShares China Large-Cap ETF | 3.12% | 3.17% | 2.60% | 1.59% | 2.18% | 2.72% | 2.68% | 2.30% | 2.68% | 2.89% | 2.50% | 2.63% |
Drawdowns
GXC vs. FXI - Drawdown Comparison
The maximum GXC drawdown since its inception was -72.16%, roughly equal to the maximum FXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for GXC and FXI. For additional features, visit the drawdowns tool.
Volatility
GXC vs. FXI - Volatility Comparison
The current volatility for SPDR S&P China ETF (GXC) is 4.66%, while iShares China Large-Cap ETF (FXI) has a volatility of 5.55%. This indicates that GXC experiences smaller price fluctuations and is considered to be less risky than FXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.