XC vs. SPY
Compare and contrast key facts about WisdomTree Emerging Markets ex-China Fund (XC) and SPDR S&P 500 ETF (SPY).
XC and SPY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XC is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. It was launched on Sep 20, 2022. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both XC and SPY 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: XC or SPY.
Key characteristics
| XC | SPY | |
|---|---|---|
| YTD Return | 9.20% | 27.16% |
| 1Y Return | 20.88% | 37.73% |
| Sharpe Ratio | 1.47 | 3.25 |
| Sortino Ratio | 2.05 | 4.32 |
| Omega Ratio | 1.27 | 1.61 |
| Calmar Ratio | 1.95 | 4.74 |
| Martin Ratio | 6.63 | 21.51 |
| Ulcer Index | 3.37% | 1.85% |
| Daily Std Dev | 15.22% | 12.20% |
| Max Drawdown | -12.29% | -55.19% |
| Current Drawdown | -6.36% | 0.00% |
Correlation
The correlation between XC and SPY is 0.70, 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
XC vs. SPY - Performance Comparison
In the year-to-date period, XC achieves a 9.20% return, which is significantly lower than SPY's 27.16% 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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XC vs. SPY - Expense Ratio Comparison
XC has a 0.32% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
XC vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-China Fund (XC) and SPDR S&P 500 ETF (SPY). 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
XC vs. SPY - Dividend Comparison
XC's dividend yield for the trailing twelve months is around 1.25%, more than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XC WisdomTree Emerging Markets ex-China Fund | 1.25% | 1.42% | 0.57% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
XC vs. SPY - Drawdown Comparison
The maximum XC drawdown since its inception was -12.29%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for XC and SPY. For additional features, visit the drawdowns tool.
Volatility
XC vs. SPY - Volatility Comparison
The current volatility for WisdomTree Emerging Markets ex-China Fund (XC) is 3.03%, while SPDR S&P 500 ETF (SPY) has a volatility of 3.92%. This indicates that XC experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.