SPDR® S&P China ETF

10-Year Study

GXC.US · · US · ETF

Executive Summary: SPDR® S&P China ETF has compounded at 5.7% annually over the last 10 years, with a maximum drawdown of 56.1% and an annualized volatility of 26.8%.

1Y CAGR
+20.7%
3Y CAGR
+14.3%
5Y CAGR
-3.6%
10Y CAGR
+5.7%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
56.1%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
0.16
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
0.28
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
22.9%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2017 · +51.7%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -22.1%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
60%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20265.4-3.7-5.34.1————————0.1%
20252.19.61.2-4.92.35.94.57.76.5-2.9-2.3-1.530.8%
2024-10.96.91.44.74.2-3.8-1.4-0.422.1-2.9-3.30.314.6%
202312.4-9.83.7-3.9-9.44.010.6-9.5-3.1-3.52.4-1.2-9.9%
2022-0.4-5.2-9.6-4.92.77.6-10.1-0.4-13.9-14.428.82.2-22.1%
20218.2-0.6-6.50.60.30.8-12.8-0.1-4.51.9-4.8-2.8-19.7%
2020-6.53.2-7.84.92.37.79.65.8-2.34.33.32.328.3%
201912.81.92.91.6-12.17.6-1.7-3.7-0.23.92.08.223.1%
201812.6-7.3-1.1-2.12.7-5.4-1.5-4.7-1.6-10.98.0-7.6-19.4%
20177.33.92.22.14.52.38.44.01.83.21.02.051.7%
2016———-0.5-0.11.43.16.44.2-3.3-0.4-5.05.4%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 26.8%. The dominant macroeconomic risk driver is VWO.US, accounting for 97.4% of variance. Idiosyncratic stock-specific factors contribute 10.3%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019945.55431250333
2016-05-019936.959494255321
2016-06-0110078.028164011863
2016-07-0110393.834460959282
2016-08-0111060.021664624508
2016-09-0111522.89879779092
2016-10-0111139.328396640207
2016-11-0111090.316623159837
2016-12-0110539.964129064336
2017-01-0111305.045016248467
2017-02-0111743.913483565073
2017-03-0112002.841262230746
2017-04-0112255.908937545504
2017-05-0112805.95954752899
2017-06-0113099.30211496457
2017-07-0114199.705219043559
2017-08-0114767.513717969206
2017-09-0115040.416955232364
2017-10-0115517.269546996253
2017-11-0115674.24928524497
2017-12-0115984.532878731377
2018-01-0118000.692557668743
2018-02-0116682.435672047308
2018-03-0116506.472750519417
2018-04-0116159.004137588123
2018-05-0116601.9036456946
2018-06-0115701.720739438493
2018-07-0115458.970397599134
2018-08-0114724.68168984071
2018-09-0114486.406336014772
2018-10-0112909.949745174292
2018-11-0113942.446681938449
2018-12-0112885.426100545168
2019-01-0114535.418109495144
2019-02-0114805.853000195335
2019-03-0115238.861364161026
2019-04-0115488.040061797452
2019-05-0113608.633885603678
2019-06-0114646.973167829807
2019-07-0114400.280574645285
2019-08-0113860.920213804984
2019-09-0113830.28785537975
2019-10-0114371.17539466908
2019-11-0114651.572461065829
2019-12-0115857.617246461741
2020-01-0114821.035995240883
2020-02-0115289.13394775629
2020-03-0114096.514126400652
2020-04-0114793.2448990464
2020-05-0115126.915632269634
2020-06-0116295.970734999022
2020-07-0117858.487383019907
2020-08-0118889.79454122494
2020-09-0118454.903841031377
2020-10-0119253.24525420418
2020-11-0119897.803349137852
2020-12-0120347.504128709177
2021-01-0122008.61257613695
2021-02-0121878.908955303392
2021-03-0120464.706195727453
2021-04-0120592.847122334093
2021-05-0120650.666808729777
2021-06-0120816.117060003908
2021-07-0118155.68341235594
2021-08-0118136.860050077245
2021-09-0117325.85726208868
2021-10-0117663.115088878232
2021-11-0116811.340187878464
2021-12-0116339.051373572709
2022-01-0116269.422691030488
2022-02-0115419.636673592244
2022-03-0113944.772965389873
2022-04-0113261.129756894501
2022-05-0113625.113206542006
2022-06-0114655.603501855698
2022-07-0113179.17709942642
2022-08-0113121.730328698522
2022-09-0111298.954060341306
2022-10-019669.312592119048
2022-11-0112452.95047324774
2022-12-0112722.461953722941
2023-01-0114297.338092447571
2023-02-0112889.687993891286
2023-03-0113362.154387086464
2023-04-0112844.22779819935
2023-05-0111642.764548150517
2023-06-0112111.235416333706
2023-07-0113398.362722639531
2023-08-0112126.009979933586
2023-09-0111746.75474579582
2023-10-0111336.316658675616
2023-11-0111610.498463942604
2023-12-0111465.469784951965
2024-01-0110216.592971427555
2024-02-0110921.829772876601
2024-03-0111071.617566103741
2024-04-0111595.066858451866
2024-05-0112079.82171079502
2024-06-0111624.189796317012
2024-07-0111461.15461793902
2024-08-0111417.0085060288
2024-09-0113945.625344059095
2024-10-0113544.84754852343
2024-11-0113098.2188837391
2024-12-0113139.328396640207
2025-01-0113419.849768259548
2025-02-0114709.871610462948
2025-03-0114891.69463534175
2025-04-0114167.883082059205
2025-05-0114489.957913803206
2025-06-0115339.743931241454
2025-07-0116031.822136984356
2025-08-0117267.060891801182
2025-09-0118391.91660895353
2025-10-0117854.01239500648
2025-11-0117445.776286115106
2025-12-0117191.41228490757
2026-01-0118121.925665476887
2026-02-0117454.229041251576
2026-03-0116536.14618294177
2026-04-0117216.273329426596
Annual Return Matrix
YearAnnual Return
20170.5165642579990799
2018-0.19388159802341198
20190.2306630081709773
20200.28313754913268885
2021-0.19699972683533062
2022-0.22134635219394383
2023-0.09880101613533587
20240.1459912801728478
20250.30839353168945083
20260.001446131597975464
Total Factor Risk
0.26754919023820295
VTI.US Exposure
0.0005602450201361737
VEA.US Exposure
-0.10694036470201379
VWO.US Exposure
0.9737348267578008
QQQ.US Exposure
-0.043282967978834616
VTV.US Exposure
0.009276962984655654
IJR.US Exposure
-0.0170950955083845
QUAL.US Exposure
0.0333533937331223
SHV.US Exposure
0.043628626681256444
TLT.US Exposure
-0.03078922955280036
LQD.US Exposure
0.08396277127824123
HYG.US Exposure
-0.014957405624626335
GLD.US Exposure
-0.021917135717274654
USO.US Exposure
0.0033654141287214035
VNQ.US Exposure
-0.02006030596869675
BTC-USD.CC Exposure
0.0009095036054738972
CPER.US Exposure
-0.005330542247886382
VIX.INDX Exposure
-0.007514888642725177
UUP.US Exposure
0.00487442804144587
TIP.US Exposure
0.0114718865828721
Idiosyncratic Exposure
0.10274987712951678
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
0
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
26.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →0.00%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$0
Avg Yield on Cost
0.00%

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.5%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
7.9% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.83
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is SPDR® S&P China ETF a high-risk investment?

SPDR® S&P China ETF (GXC.US) has an annualized volatility of 26.8% and experienced a maximum drawdown of 56.1% over the last 10 years. Its primary macro risk driver is VWO.US.

What is the 10-year return of GXC.US?

Over the past 10 years, GXC.US has generated a Compound Annual Growth Rate (CAGR) of 5.7%. It has had a positive return in 60% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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