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Launched

State Street SPDR S&P Emerging Markets ex-China ETF

XCNYNasdaqSPDRC

$31.44+0.04 (+0.14%)

At close: Nov 2, 2026, 4:00 PM ET

C52/ 100

Rank 4 of 5 in Emerging Markets Total Market

C52/100Rank 4 of 5inEmerging Markets Total Market
Intraday session: up, 79 prints from 31.39 to 31.44. Range 28.25 to 34.53. Use the arrow keys to read each point.28.0029.0030.0033.0034.0010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$10M
1Y total return
+14.0%
Yield · Last 12 months
2.38%
Holdings
1195
Avg volume · 30D
543 sh
52W range
low $27.31high $34.59
Launched

The ETF.net XCNY Grade

C

Score 52 out of 100

Category
Emerging Markets Total Market⁠
Rank
4 of 5
Six-pillar profile for XCNY. Scores out of 100: Cost 37, Risk 55, Mission 100, Tradability 12, Holdings 51, Durability 24. Strongest: Mission (100). Weakest: Tradability (12). Leans toward Mission.

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 100
    Rank 4 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 5

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B55 out of 100
    Rank 1 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F12 out of 100
    Rank 5 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C51 out of 100
    Rank 4 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    F24 out of 100
    Rank 5 of 5

Our read on XCNY

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Sep 4, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
XCNY$11,398
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XCNY $11,398. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for XCNY. Periods over one year show the average yearly return.
PeriodXCNY
Year to date+12.6%
1 month−6.6%
3 months−2.7%
1 year+14.0%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XCNY
YearReturn barXCNY
2026 YTD+12.6%
2025+20.4%
2024−3.1%

History from Sep 5, 2024

XCNY in the news

XCNY Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.38%Last 12 months
Payout per share
$0.75Last 12 months
Last payment
$0.28 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2024–2026

One bar per payment. 5 payments from 2024 to 2026 YTD. Dec 23, 2024 $0.26; Dec 31, 2024 $0.09; Jun 23, 2025 $0.28; Dec 22, 2025 $0.47; Jun 22, 2026 $0.28. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 22, 2026Jun 26, 2026$0.28
Dec 22, 2025Dec 29, 2025$0.47
Jun 23, 2025Jun 27, 2025$0.28
Dec 31, 2024No data$0.09
Dec 23, 2024Dec 30, 2024$0.26

— Pay date not on file.

$10,000 in XCNY 1 year ago paid $264 in dividends.

XCNY Risk

Risk pillarB55 out of 100Rank 1 of 5 in Emerging Markets Total Market
How much the fund’s monthly returns vary, scaled to a year.
14.9%
Annualised · 25 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
0.58
vs 3-month T-bills · 25 months to Oct 2026
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.

The largest fall from a peak to the low that followed.
−19.4%
25 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.77
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XCNY Cost

Compare XCNY and VWO

Overpaying vs VWO, tied cheapest in Emerging Markets Total Market

$2,682

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XCNY 0.19%

    $3,952

  • VWO 0.06% Tied cheapest

    $1,270

$10,000
30 years

Cost over time

  • XCNY 0.19%
  • VWO 0.06%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530XCNY $3,952VWO $1,270

Year by year

YearXCNYVWOOverpaying
10$347$110$237
20$1,351$432$919
30$3,952$1,270$2,682

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