XCNY
SPDR S&P Emerging Markets ex-China ETF
The SPDR S&P Emerging Markets ex-China ETF aims to provide investment results that correspond to the performance of the S&P Emerging Markets ex-China Index by investing in large- and mid-cap companies across emerging market countries, excluding China.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
4.9 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Fund sponsor | SPDR |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 04, 2024 |
| Assets (mns) | $5 |
| Expense ratio | 15 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | |
| Taxation | 1099 |
| Stock selection | |
| Weighting | |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 12.1 % |
| RELIANCE INDUSTRIES LTD | 3.6 % |
| HDFC BANK LIMITED | 1.7 % |
| HON HAI PRECISION INDUSTRY | 1.2 % |
| INFOSYS TECHNOLOGIES LTD | 1.2 % |
| ICICI BANK LTD | 1.2 % |
| SSI US GOV MONEY MARKET CLASS | 1.0 % |
| MEDIATEK INC | 0.8 % |
| BHARTI AIRTEL LIMITED | 0.7 % |
| AL RAJHI BANK | 0.7 % |
Constituent Breakdown
| Number of holdings | 1089 |
| Herfindahl-Hirschman Index | 181 |
| Wgt avg mkt cap (mns) | $135,799 |
| Large cap (>$10bn) | 63.2% |
| Mid cap ($2-10bn) | 26.4% |
| Small cap (<$2bn) | 9.2% |
| Developed mkts. | 2.0% |
| Emerging mkts. | 97.9% |
Country Exposure
 |
INDIA | 30.8 % |
 |
TAIWAN | 28.3 % |
 |
BRAZIL | 5.6 % |
 |
SAUDI ARABIA | 5.2 % |
 |
SOUTH AFRICA | 3.5 % |
 |
MALAYSIA | 2.9 % |
 |
THAILAND | 2.4 % |
 |
MEXICO | 2.4 % |
 |
INDONESIA | 2.3 % |
 |
UAE | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | -3.7% | -- | -- | -- | -- | -- | -3.7% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.00 | 0% |
| MSCI EAFE | 0.00 | 0% |
| MSCI Emg Mkts | 0.00 | 0% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
| ADV of underlying (mns) | $15,392 |
Technical Indicators
| Recent close | $24.40 |
| 30d moving avg. | $25.63 |
| Annualized volatility | 0.0% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.1% |
| 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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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XCNY |
Expenses vs. XCNY |
ALTAR Score™ vs. XCNY |
|---|---|---|---|---|
| EMXC | iShares MSCI Emerging Markets ex China ETF | 73.3% | +10 bp | +0.4% |
| EEM | iShares MSCI Emerging Markets ETF | 58.6% | +54 bp | +0.6% |
| SCHE | Schwab Emerging Markets Equity ETF | 58.6% | -4 bp | +0.8% |
| STXE | Strive Emerging Markets Ex-China ETF | 58.2% | +17 bp | +0.7% |
| VWO | Vanguard FTSE Emerging Markets ETF | 56.8% | -7 bp | +0.6% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 56.0% | -6 bp | +1.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 55.0% | 0 bp | +1.0% |
| XC | WisdomTree Emerging Markets Ex-China Fund | 54.6% | +17 bp | -0.3% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 53.9% | 0 bp | +4.0% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 53.9% | -4 bp | +2.2% |
Risk and Returns: XCNY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 11/14/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XCNY
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
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
XCNY
6.3%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. XCNY's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XCNY in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XCNYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| XCNY (15 bp) Percentile rank | 6 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XCNY | 15.0 | 0.0 | 15 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .