GXC vs. MCHI
Compare and contrast key facts about SPDR S&P China ETF (GXC) and iShares MSCI China ETF (MCHI).
GXC and MCHI 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. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both GXC and MCHI 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 MCHI.
Key characteristics
| GXC | MCHI | |
|---|---|---|
| YTD Return | 1.13% | 2.77% |
| 1Y Return | -9.53% | -8.89% |
| 3Y Return (Ann) | -17.47% | -18.40% |
| 5Y Return (Ann) | -5.60% | -6.33% |
| 10Y Return (Ann) | 1.80% | 1.36% |
| Sharpe Ratio | -0.42 | -0.37 |
| Daily Std Dev | 23.24% | 24.98% |
| Max Drawdown | -72.16% | -62.84% |
| Current Drawdown | -52.32% | -54.10% |
Correlation
The correlation between GXC and MCHI is 0.98, 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. MCHI - Performance Comparison
In the year-to-date period, GXC achieves a 1.13% return, which is significantly lower than MCHI's 2.77% return. Over the past 10 years, GXC has outperformed MCHI with an annualized return of 1.80%, while MCHI has yielded a comparatively lower 1.36% 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. MCHI - Expense Ratio Comparison
Both GXC and MCHI have an expense ratio of 0.59%.
Risk-Adjusted Performance
GXC vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and iShares MSCI China ETF (MCHI). 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. MCHI - Dividend Comparison
GXC's dividend yield for the trailing twelve months is around 3.66%, more than MCHI's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 3.66% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
MCHI iShares MSCI China ETF | 3.40% | 3.49% | 2.14% | 1.03% | 1.03% | 1.44% | 1.58% | 1.54% | 1.64% | 2.76% | 2.35% | 2.37% |
Drawdowns
GXC vs. MCHI - Drawdown Comparison
The maximum GXC drawdown since its inception was -72.16%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for GXC and MCHI. For additional features, visit the drawdowns tool.
Volatility
GXC vs. MCHI - Volatility Comparison
The current volatility for SPDR S&P China ETF (GXC) is 5.12%, while iShares MSCI China ETF (MCHI) has a volatility of 5.86%. This indicates that GXC experiences smaller price fluctuations and is considered to be less risky than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.