GXC

SPDR S&P China ETF

SPDR S&P China ETF objective is to replicate the performance of the S&P China BMI Index. The Index measures publicly traded companies domiciled in China, but legally available to foreign inves


Emerging Market

EQUITY

Passive

MANAGEMENT STYLE

412.8 M

ASSETS UNDER MGMT

59 bp

EXPENSES
Fund Basics
Fund sponsorSSGA Funds Management Inc
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateMar 19, 2007
Assets (mns)$413
Expense ratio59 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
TENCENT HOLDINGS LTD 11.8 %
ALIBABA GROUP HOLDING LTD. 6.4 %
MEITUAN DIANPING 4.1 %
CHINA CONSTRUCTION BANK-H 2.8 %
PINDUODUO, INC. SPONSORED ADR CLASS A 2.7 %
XIAOMI CORP. CLASS B 2.1 %
JD.COM, INC. CLASS A 1.8 %
IND & COMM BK OF CHINA - H 1.6 %
BANK OF CHINA LTD - H 1.5 %
TRIP.COM GROUP LTD. 1.5 %
Constituent Breakdown
Number of holdings561
Herfindahl-Hirschman Index 243
Wgt avg mkt cap (mns)$113,298
Large cap (>$10bn)77.8%
Mid cap ($2-10bn)17.1%
Small cap (<$2bn)5.0%
Developed mkts.22.4%
Emerging mkts.77.6%
Country Exposure
CHINA 72.1 %
HONG KONG 6.4 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 12.7% 11.3% 1.8% -8.4% -2.5% 1.5% 3.9%
Volatility 30.8% 29.5% 28.5% 31.5% 30.0% 26.5% --
Market Correlations
versus...BetaR-squared
S&P 5000.354%
MSCI EAFE0.7818%
MSCI Emg Mkts1.4763%
Liquidity Measures
Avg. volume (000)45
Turnover0.9%
Avg. Bid/Ask (% of price)0.23%
ADV of underlying (mns)$27,325
Technical Indicators
Recent close$77.89
30d moving avg.$77.78
Annualized volatility32.0%
Relative strength (RSI)54
Short interest (ETF)0.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: GXC vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
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Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.0 9.0 1.0 2.7% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GXC



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™

GXC

8.3%

Cat. Avg

7.9%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.2%. GXC's ALTAR Score™ is approximately 0.1 standard deviations above the category average. This places GXC in the 54th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

GXC
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
Emerging Market Equity ETFs
# of ETFs 53
Avg. Expense Ratio 52.8 bp
Std. Deviation 23.2 bp
GXC (59 bp) Percentile rank 62
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GXC 59.0 23.1 82.1
Peer Avg. 53.4 25.5 78.9
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .