KBA vs. GXC
Compare and contrast key facts about KraneShares Bosera MSCI China A Share ETF (KBA) and SPDR S&P China ETF (GXC).
KBA and GXC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBA is a passively managed fund by CICC that tracks the performance of the MSCI China A Index. It was launched on Mar 5, 2014. 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. Both KBA and GXC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
KBA vs. GXC - Performance Comparison
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KBA vs. GXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | -2.07% | 33.88% | 15.73% | -16.77% | -3.49% | 3.17% | 41.62% | 35.44% | -26.28% | 30.69% |
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% |
Returns By Period
In the year-to-date period, KBA achieves a -2.07% return, which is significantly higher than GXC's -3.81% return. Over the past 10 years, KBA has outperformed GXC with an annualized return of 8.14%, while GXC has yielded a comparatively lower 5.19% annualized return.
KBA
- 1D
- 1.99%
- 1M
- -1.37%
- YTD
- -2.07%
- 6M
- 2.24%
- 1Y
- 30.16%
- 3Y*
- 7.43%
- 5Y*
- 5.20%
- 10Y*
- 8.14%
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%
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KBA vs. GXC - Expense Ratio Comparison
KBA has a 0.60% expense ratio, which is higher than GXC's 0.59% expense ratio.
Return for Risk
KBA vs. GXC — Risk / Return Rank
KBA
GXC
KBA vs. GXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KraneShares Bosera MSCI China A Share ETF (KBA) and SPDR S&P China ETF (GXC). 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.
| KBA | GXC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.63 | 0.49 | +1.13 |
Sortino ratioReturn per unit of downside risk | 2.20 | 0.80 | +1.40 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.11 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 2.54 | 0.65 | +1.89 |
Martin ratioReturn relative to average drawdown | 10.01 | 2.06 | +7.95 |
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
| KBA | GXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.63 | 0.49 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | -0.16 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.20 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.16 | +0.15 |
Correlation
The correlation between KBA and GXC is 0.73, 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
KBA vs. GXC - Dividend Comparison
KBA's dividend yield for the trailing twelve months is around 1.60%, less than GXC's 2.50% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBA KraneShares Bosera MSCI China A Share ETF | 1.60% | 1.56% | 2.18% | 2.34% | 49.05% | 9.07% | 0.65% | 1.53% | 3.77% | 1.46% | 6.62% | 29.08% |
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% |
Drawdowns
KBA vs. GXC - Drawdown Comparison
The maximum KBA drawdown since its inception was -53.24%, smaller than the maximum GXC drawdown of -71.96%. Use the drawdown chart below to compare losses from any high point for KBA and GXC.
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Drawdown Indicators
| KBA | GXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.24% | -71.96% | +18.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.30% | -16.56% | +5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -40.42% | -54.30% | +13.88% |
Max Drawdown (10Y)Largest decline over 10 years | -45.32% | -60.23% | +14.91% |
Current DrawdownCurrent decline from peak | -5.08% | -32.02% | +26.94% |
Average DrawdownAverage peak-to-trough decline | -26.15% | -28.81% | +2.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 5.20% | -2.19% |
Volatility
KBA vs. GXC - Volatility Comparison
The current volatility for KraneShares Bosera MSCI China A Share ETF (KBA) is 5.63%, while SPDR S&P China ETF (GXC) has a volatility of 6.79%. This indicates that KBA experiences smaller price fluctuations and is considered to be less risky than GXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KBA | GXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 6.79% | -1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 13.72% | -1.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.64% | 22.59% | -3.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.07% | 28.94% | -1.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.28% | 26.08% | -0.80% |