STXE vs. BCHI

Last updated Aug 2, 2026

STXE (Strive Emerging Markets Ex-China ETF) and BCHI (GMO Beyond China ETF) are both Emerging Markets Equities funds. STXE is passively managed, while BCHI is actively managed. Over the past year, STXE returned 56.34% vs 36.96% for BCHI. Their correlation of 0.89 means they have usually moved in the same direction. STXE charges 0.32%/yr vs 0.65%/yr for BCHI.

Performance

STXE vs. BCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive Emerging Markets Ex-China ETF (STXE) and GMO Beyond China ETF (BCHI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, STXE achieves a 31.48% return, which is significantly higher than BCHI's 20.06% return.

STXE

• 1D: 2.93%
• 1M: -5.07%
• 6M: 18.30%
• YTD: 31.48%
• 1Y: 56.34%
• 3Y*: 23.32%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.35%

BCHI

• 1D: 0.10%
• 1M: -4.22%
• 6M: 12.35%
• YTD: 20.06%
• 1Y: 36.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 33.03%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BCHI GMO Beyond China ETF	$56.39K	$51.68K	$47.34K
STXE Strive Emerging Markets Ex-China ETF	$412.67K	$566.81K	$571.67K

STXE vs. BCHI - Yearly Performance Comparison

	2026 (YTD)	2025
STXE Strive Emerging Markets Ex-China ETF	31.48%	31.95%
BCHI GMO Beyond China ETF	20.06%	26.33%

Correlation

The correlation between STXE and BCHI is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.89

The correlation between STXE and BCHI has been stable across timeframes, ranging from 0.89 to 0.90 - a consistent structural relationship.

Return for Risk

STXE vs. BCHI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

STXE

STXE Risk / Return Rank: 79
STXE Sharpe Ratio Rank: 81
STXE Sortino Ratio Rank: 74
STXE Omega Ratio Rank: 81
STXE Calmar Ratio Rank: 77
STXE Martin Ratio Rank: 79

BCHI

BCHI Risk / Return Rank: 65
BCHI Sharpe Ratio Rank: 66
BCHI Sortino Ratio Rank: 63
BCHI Omega Ratio Rank: 70
BCHI Calmar Ratio Rank: 66
BCHI Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

STXE vs. BCHI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive Emerging Markets Ex-China ETF (STXE) and GMO Beyond China ETF (BCHI). 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.

	STXE	BCHI	Difference
Sharpe ratio: Return per unit of total volatility	1.86	1.54	+0.33
Sortino ratio: Return per unit of downside risk	2.40	2.12	+0.29
Omega ratio: Gain probability vs. loss probability	1.34	1.29	+0.05
Calmar ratio: Return relative to maximum drawdown	2.73	2.33	+0.40
Martin ratio: Return relative to average drawdown	10.29	7.51	+2.78

STXE vs. BCHI - Sharpe Ratio Comparison

The current STXE Sharpe Ratio is 1.86, which is comparable to the BCHI Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of STXE and BCHI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

STXE vs. BCHI - Drawdown Comparison

The maximum STXE drawdown since its inception was -20.38%, which is greater than BCHI's maximum drawdown of -16.01%. Use the drawdown chart below to compare losses from any high point for STXE and BCHI.

Drawdown Indicators

	STXE	BCHI	Difference
Max Drawdown Largest peak-to-trough decline	-20.38%	-16.01%	-4.37%
Max Drawdown (1Y) Largest decline over 1 year	-20.38%	-16.01%	-4.37%
Max Drawdown (3Y) Largest decline over 3 years	-20.38%	—	—
Current Drawdown Current decline from peak	-14.59%	-12.64%	-1.95%
Average Drawdown Average peak-to-trough decline	-3.95%	-2.82%	-1.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	4.95%	+0.44%

Volatility

STXE vs. BCHI - Volatility Comparison

Strive Emerging Markets Ex-China ETF (STXE) has a higher volatility of 13.05% compared to GMO Beyond China ETF (BCHI) at 9.11%. This indicates that STXE's price experiences larger fluctuations and is considered to be riskier than BCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	STXE	BCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.05%	9.11%	+3.94%
Volatility (6M) Calculated over the trailing 6-month period	28.09%	22.63%	+5.46%
Volatility (1Y) Calculated over the trailing 1-year period	29.83%	24.26%	+5.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.17%	22.92%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.17%	22.92%	-2.75%

STXE vs. BCHI - Expense Ratio Comparison

STXE has a 0.32% expense ratio, which is lower than BCHI's 0.65% expense ratio.

Dividends

STXE vs. BCHI - Dividend Comparison

STXE's dividend yield for the trailing twelve months is around 1.91%, less than BCHI's 25.19% yield.

Position	TTM	2025	2024	2023
BCHI GMO Beyond China ETF	25.19%	3.67%	0.00%	0.00%
STXE Strive Emerging Markets Ex-China ETF	1.91%	2.66%	3.22%	1.08%

Frequently Asked Questions

Can I hold both STXE and BCHI in my portfolio?

With a correlation of 0.90, STXE and BCHI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, STXE or BCHI?

STXE has higher volatility (13.05%) compared to BCHI (9.11%). In terms of maximum drawdown, STXE dropped -20.38% vs BCHI's -16.01%.

Which ETF is better, STXE or BCHI?

On 1-year performance, STXE leads with 56.34% vs 36.96% for BCHI. On fees, STXE is cheaper at 0.32% per year. On volatility, BCHI has been the lower-risk option at 9.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, STXE or BCHI?

Over the 1-year period, STXE has performed better with a 56.34% return vs 36.96%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, STXE or BCHI?

STXE is cheaper with a 0.32% expense ratio, compared with 0.65% for BCHI.

Which ETF pays a higher dividend yield, STXE or BCHI?

BCHI has the higher dividend yield at 25.19%, compared with 1.91% for STXE.

What is the main difference between STXE and BCHI?

They also come from different issuers: Strive and GMO. Their fees differ too: 0.32% for STXE and 0.65% for BCHI.

Which has better risk-adjusted returns?

STXE currently has the higher Sharpe Ratio (1.86 vs 1.54), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.