State Street SPDR S&P Emerging Markets ex-China ETF
$33.930.00 (0.00%)
- 0.19%
- $10M
- +29.1%
- 2.20%
- 0M sh
- $33.97
- low $27.31high $34.59
The ETF.net XCNY Grade
C
Score 52 out of 100
- 4 of 5
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D37 out of 100Rank 4 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 5Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C51 out of 100Rank 2 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F12 out of 100Rank 5 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.C53 out of 100Rank 4 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.F24 out of 100Rank 5 of 5
Our read on XCNY
CEmerging markets with China removed, and unusually, small caps left in. XCNY tracks an S&P broad-market index of roughly 1,200 large, mid and small-cap companies across emerging economies, none of them China-domiciled.
The fund seeks to provide investment results that correspond to the price and yield performance of the S&P Emerging Ex-China BMI.
Why people hold it
- The index reaches down to small caps, roughly 1,200 names. Most ex-China rivals track MSCI indexes that stop at large and mid caps, about 85% of each country's float.ssga.commsci.com
- It does exactly what the label says: a market-cap-weighted S&P index of emerging market companies, with China-domiciled companies excluded by rule, not by manager discretion.ssga.com
- At 0.19%, the fee sits right at the median for broad emerging-market funds, and you get State Street's indexing desk behind it.
Worth knowing
- You pay up for the China screen. Sister fund SPEM charges 0.07% and VWO 0.06% for emerging markets with China left in.
- One of the thinner-traded funds in its category. Wide-ish spreads are part of the deal, and the asset base is small for a fund this broad.
- Launched in September 2024, so the tracking and trading record is still short compared with the decades-old EM funds it sits beside.
XCNY Holdings
- Stocks
- 1,196
- 31%
- 2330.TW
Sectors
- Technology40.9%
- Financials20.8%
- Materials8.0%
- Industrials7.2%
- Consumer Discretionary5.1%
- Energy4.2%
- Communication3.1%
- Consumer Staples3.1%
- Health Care2.9%
- Utilities2.9%
- Real Estate2.0%
Geography
- Taiwan (Province of China)61.86%
- Brazil9.63%
- India9.08%
- United States7.09%
- Thailand2.84%
- Poland2.21%
- Indonesia1.62%
- Cayman Islands0.97%
- 4.71%
Developed 1% · Emerging 99%
XCNY Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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XCNY$12,909
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | XCNY |
|---|---|
| Year to date | +21.7% |
| 1 month | −0.2% |
| 3 months | +1.3% |
| 1 year | +29.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XCNY |
|---|---|---|
| 2026 YTD | +21.7% | |
| 2025 | +20.4% | |
| 2024 | −3.1% |
XCNY in the news
XCNY Dividends
- 2.20%
- $0.75
- $0.28 per share
- Twice a year
Distribution history
XCNY Risk
- 14.1%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.88
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.4%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.72
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XCNY Cost
0.19%
XCNY0.19%
- The middle half of Emerging Markets Total Market funds
- Median 0.07%
3 of the 5 Emerging Markets Total Market funds charge less.
Other funds in Emerging Markets Total Market
- AVWOVanguard FTSE Emerging Markets ETFExpense ratio 0.06%1 year return +16.3%
- ASCHESchwab Emerging Markets Equity ETFExpense ratio 0.06%1 year return +16.8%
- BSPEMState Street SPDR Portfolio Emerging Markets ETFExpense ratio 0.07%1 year return +17.7%
- CDFAEDimensional - Emerging Core Equity Market ETFExpense ratio 0.29%1 year return +29.6%