GXC vs. VEA
Compare and contrast key facts about SPDR S&P China ETF (GXC) and Vanguard FTSE Developed Markets ETF (VEA).
GXC and VEA 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. VEA is a passively managed fund by Vanguard that tracks the performance of the MSCI EAFE Index. It was launched on Jul 20, 2007. Both GXC and VEA 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 VEA.
Key characteristics
| GXC | VEA | |
|---|---|---|
| YTD Return | 1.60% | 1.63% |
| 1Y Return | -7.56% | 9.37% |
| 3Y Return (Ann) | -17.32% | 1.71% |
| 5Y Return (Ann) | -5.83% | 6.02% |
| 10Y Return (Ann) | 1.85% | 4.49% |
| Sharpe Ratio | -0.39 | 0.64 |
| Daily Std Dev | 23.24% | 12.76% |
| Max Drawdown | -72.16% | -60.70% |
| Current Drawdown | -52.09% | -3.72% |
Correlation
The correlation between GXC and VEA is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
GXC vs. VEA - Performance Comparison
The year-to-date returns for both investments are quite close, with GXC having a 1.60% return and VEA slightly higher at 1.63%. Over the past 10 years, GXC has underperformed VEA with an annualized return of 1.85%, while VEA has yielded a comparatively higher 4.49% 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. VEA - Expense Ratio Comparison
GXC has a 0.59% expense ratio, which is higher than VEA's 0.05% expense ratio.
Risk-Adjusted Performance
GXC vs. VEA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P China ETF (GXC) and Vanguard FTSE Developed Markets ETF (VEA). 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. VEA - Dividend Comparison
GXC's dividend yield for the trailing twelve months is around 3.64%, more than VEA's 3.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GXC SPDR S&P China ETF | 3.64% | 3.70% | 2.67% | 1.35% | 1.04% | 1.60% | 2.03% | 1.84% | 2.05% | 2.85% | 2.11% | 2.29% |
VEA Vanguard FTSE Developed Markets ETF | 3.38% | 3.15% | 2.91% | 3.16% | 2.04% | 3.04% | 3.35% | 2.77% | 3.05% | 2.92% | 3.68% | 2.60% |
Drawdowns
GXC vs. VEA - Drawdown Comparison
The maximum GXC drawdown since its inception was -72.16%, which is greater than VEA's maximum drawdown of -60.70%. Use the drawdown chart below to compare losses from any high point for GXC and VEA. For additional features, visit the drawdowns tool.
Volatility
GXC vs. VEA - Volatility Comparison
SPDR S&P China ETF (GXC) has a higher volatility of 5.13% compared to Vanguard FTSE Developed Markets ETF (VEA) at 3.71%. This indicates that GXC's price experiences larger fluctuations and is considered to be riskier than VEA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.