GXC vs. KWEB
Compare and contrast key facts about SPDR S&P China ETF (GXC) and KraneShares CSI China Internet ETF (KWEB).
GXC and KWEB 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. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both GXC and KWEB 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 KWEB.
Performance
GXC vs. KWEB - Performance Comparison
Returns By Period
In the year-to-date period, GXC achieves a 14.24% return, which is significantly higher than KWEB's 13.44% return. Over the past 10 years, GXC has outperformed KWEB with an annualized return of 1.98%, while KWEB has yielded a comparatively lower -0.26% annualized return.
GXC
14.24%
-4.77%
1.09%
11.33%
-2.36%
1.98%
KWEB
13.44%
-5.96%
-5.05%
12.64%
-5.97%
-0.26%
Key characteristics
| GXC | KWEB | |
|---|---|---|
| Sharpe Ratio | 0.28 | 0.34 |
| Sortino Ratio | 0.63 | 0.80 |
| Omega Ratio | 1.08 | 1.09 |
| Calmar Ratio | 0.14 | 0.17 |
| Martin Ratio | 0.83 | 1.04 |
| Ulcer Index | 10.28% | 12.65% |
| Daily Std Dev | 30.49% | 38.39% |
| Max Drawdown | -72.16% | -80.92% |
| Current Drawdown | -46.13% | -67.72% |
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GXC vs. KWEB - Expense Ratio Comparison
GXC has a 0.59% expense ratio, which is lower than KWEB's 0.76% expense ratio.
Correlation
The correlation between GXC and KWEB is 0.86, 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.
Risk-Adjusted Performance
GXC vs. KWEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and KraneShares CSI China Internet ETF (KWEB). 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. KWEB - Dividend Comparison
GXC's dividend yield for the trailing twelve months is around 3.00%, more than KWEB's 1.51% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 3.00% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
KWEB KraneShares CSI China Internet ETF | 1.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% | 0.89% | 0.31% |
Drawdowns
GXC vs. KWEB - Drawdown Comparison
The maximum GXC drawdown since its inception was -72.16%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for GXC and KWEB. For additional features, visit the drawdowns tool.
Volatility
GXC vs. KWEB - Volatility Comparison
The current volatility for SPDR S&P China ETF (GXC) is 9.33%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 11.61%. This indicates that GXC experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.