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SPYX vs. XCH.TO
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SPYX vs. XCH.TO

Last updated Jun 14, 2026

SPYX (State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF) and XCH.TO (iShares China Index ETF) are both exchange-traded funds - SPYX is a S&P 500 fund tracking the S&P 500 Fossil Fuel Reserves Free Index, while XCH.TO is a China Equities fund tracking the Morningstar China GR CAD. Both are passively managed. Over the past 10 years, SPYX returned 15.50%/yr vs 2.74%/yr for XCH.TO. At a 0.40 correlation, their price movements are largely independent. SPYX charges 0.20%/yr vs 0.87%/yr for XCH.TO.

Performance

SPYX vs. XCH.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and iShares China Index ETF (XCH.TO). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

SPYX is traded in USD, while XCH.TO is traded in CAD. To make them comparable, the XCH.TO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, SPYX achieves a 8.26% return, which is significantly higher than XCH.TO's -8.08% return. Over the past 10 years, SPYX has outperformed XCH.TO with an annualized return of 15.50%, while XCH.TO has yielded a comparatively lower 2.74% annualized return.

SPYX

1D
0.53%
1M
-0.85%
YTD
8.26%
6M
8.62%
1Y
24.90%
3Y*
20.78%
5Y*
12.96%
10Y*
15.50%

XCH.TO

1D
1.03%
1M
-5.31%
YTD
-8.08%
6M
-8.73%
1Y
-1.44%
3Y*
10.12%
5Y*
-3.55%
10Y*
2.74%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYX vs. XCH.TO - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
SPYX
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF		8.26%17.87%25.46%26.38%-19.59%28.06%19.87%31.62%-4.26%23.25%
XCH.TO
iShares China Index ETF		-8.08%28.33%28.61%-12.68%-20.44%-20.52%9.78%12.76%-13.55%36.52%

Correlation

The correlation between SPYX and XCH.TO is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.38

Correlation (3Y)
Calculated over the trailing 3-year period

0.34

Correlation (5Y)
Calculated over the trailing 5-year period

0.31

Correlation (10Y)
Calculated over the trailing 10-year period

0.39

Correlation (All Time)
Calculated using the full available price history since Dec 1, 2015

0.40

SPYX vs. XCH.TO - Sectors Allocation Comparison

Sectors
SPYX
XCH.TO

Technology

39.7%
9.0%

Financial Services

11.4%
34.5%

Communication Services

10.9%
12.5%

Consumer Cyclical

10.1%
25.6%

Healthcare

8.5%
2.1%

Industrials

7.9%
3.9%

Consumer Defensive

4.6%
0.8%

Utilities

2.2%
0.4%

Real Estate

1.9%
1.1%

Basic Materials

1.7%
3.8%

Energy

1.1%
5.2%

Technology

SPYX
39.7%
XCH.TO
9.0%

Financial Services

SPYX
11.4%
XCH.TO
34.5%

Communication Services

SPYX
10.9%
XCH.TO
12.5%

Consumer Cyclical

SPYX
10.1%
XCH.TO
25.6%

Healthcare

SPYX
8.5%
XCH.TO
2.1%

Industrials

SPYX
7.9%
XCH.TO
3.9%

Consumer Defensive

SPYX
4.6%
XCH.TO
0.8%

Utilities

SPYX
2.2%
XCH.TO
0.4%

Real Estate

SPYX
1.9%
XCH.TO
1.1%

Basic Materials

SPYX
1.7%
XCH.TO
3.8%

Energy

SPYX
1.1%
XCH.TO
5.2%

Compare stocks, funds, or ETFs

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State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF

iShares China Index ETF

Often compared with SPYX:
SPYX vs. SPYSPYX vs. EFIVSPYX vs. QQQSPYX vs. EFAXSPYX vs. SPYGSPYX vs. USXFSPYX vs. SCHD
Often compared with XCH.TO:
XCH.TO vs. VEE.TOXCH.TO vs. XEC.TOXCH.TO vs. XAW.TOXCH.TO vs. ZCH.TOXCH.TO vs. VFV.TOXCH.TO vs. XIC.TOXCH.TO vs. FBRT

Return for Risk

SPYX vs. XCH.TO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SPYX
SPYX Risk / Return Rank: 6363
Overall Rank
SPYX Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
SPYX Sortino Ratio Rank: 6363
Sortino Ratio Rank
SPYX Omega Ratio Rank: 6666
Omega Ratio Rank
SPYX Calmar Ratio Rank: 5454
Calmar Ratio Rank
SPYX Martin Ratio Rank: 6767
Martin Ratio Rank
XCH.TO
XCH.TO Risk / Return Rank: 99
Overall Rank
XCH.TO Sharpe Ratio Rank: 99
Sharpe Ratio Rank
XCH.TO Sortino Ratio Rank: 99
Sortino Ratio Rank
XCH.TO Omega Ratio Rank: 99
Omega Ratio Rank
XCH.TO Calmar Ratio Rank: 99
Calmar Ratio Rank
XCH.TO Martin Ratio Rank: 99
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYX vs. XCH.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) and iShares China Index ETF (XCH.TO). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

SPYXXCH.TODifference
Sharpe ratioReturn per unit of total volatility
1.87
-0.15

+2.02

Sortino ratioReturn per unit of downside risk
2.55
-0.07

+2.63

Omega ratioGain probability vs. loss probability

1.34

0.99

+0.35

Calmar ratioReturn relative to maximum drawdown

2.40

-0.18

+2.58

Martin ratioReturn relative to average drawdown

10.78

-0.38

+11.15

SPYX vs. XCH.TO - Sharpe Ratio Comparison

The current SPYX Sharpe Ratio is 1.87, which is higher than the XCH.TO Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of SPYX and XCH.TO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

SPYX vs. XCH.TO - Drawdown Comparison

The maximum SPYX drawdown since its inception was -32.84%, smaller than the maximum XCH.TO drawdown of -60.79%. Use the drawdown chart below to compare losses from any high point for SPYX and XCH.TO.

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Drawdown Indicators

SPYXXCH.TODifference

Max Drawdown

Largest peak-to-trough decline

-32.84%

-60.79%

+27.95%

Max Drawdown (1Y)

Largest decline over 1 year

-9.84%

-16.21%

+6.37%

Max Drawdown (3Y)

Largest decline over 3 years

-18.74%

-28.26%

+9.52%

Max Drawdown (5Y)

Largest decline over 5 years

-26.14%

-55.12%

+28.98%

Max Drawdown (10Y)

Largest decline over 10 years

-32.84%

-60.79%

+27.95%

Current Drawdown

Current decline from peak

-2.38%

-28.78%

+26.40%

Average Drawdown

Average peak-to-trough decline

-4.53%

-23.83%

+19.30%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.19%

7.83%

-5.64%

Volatility

SPYX vs. XCH.TO - Volatility Comparison

The current volatility for State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF (SPYX) is 4.52%, while iShares China Index ETF (XCH.TO) has a volatility of 5.88%. This indicates that SPYX experiences smaller price fluctuations and is considered to be less risky than XCH.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SPYXXCH.TODifference

Volatility (1M)

Calculated over the trailing 1-month period

4.52%

5.88%

-1.36%

Volatility (6M)

Calculated over the trailing 6-month period

9.92%

13.74%

-3.82%

Volatility (1Y)

Calculated over the trailing 1-year period

12.61%

19.87%

-7.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.12%

30.39%

-13.27%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.04%

26.37%

-8.33%

SPYX vs. XCH.TO - Expense Ratio Comparison

SPYX has a 0.20% expense ratio, which is lower than XCH.TO's 0.87% expense ratio.

Dividends

SPYX vs. XCH.TO - Dividend Comparison

SPYX's dividend yield for the trailing twelve months is around 0.86%, less than XCH.TO's 2.25% yield.

PositionTTM20252024202320222021202020192018201720162015
SPYX
State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF		0.86%0.91%1.05%1.21%1.41%1.04%1.33%1.56%1.92%1.68%1.91%0.16%
XCH.TO
iShares China Index ETF		2.25%2.11%1.54%2.86%2.35%1.51%2.17%2.50%2.45%2.41%2.21%2.58%

Frequently Asked Questions

SPYX and XCH.TO have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPYX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPYX is cheaper with a 0.20% expense ratio, compared with 0.87% for XCH.TO.

SPYX is categorized as S&P 500, while XCH.TO is China Equities. SPYX tracks S&P 500 Fossil Fuel Reserves Free Index, while XCH.TO tracks Morningstar China GR CAD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for SPYX and 0.87% for XCH.TO.

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