State Street SPDR S&P Emerging Markets ex-China ETF
$34.01−0.47 (−1.37%)
- Expense ratio
- 0.19%
- Fund size
- $10M
- 1Y return
- +28.2%
- Yield · Last 12 months
- 2.16%
- Holdings
- 1171
- Volume · 30D
- 0M sh
- NAV per share
- $34.03
- 52W range
The ETF.net XCNY Grade
Score 52 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 37Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 52Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 51Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.FScore 24Category rank
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
- 1,171
- 31%
- 2330.TW
Sectors
- Technology38.2%
- Financials22.0%
- Materials8.7%
- Industrials7.3%
- Consumer Discr.5.4%
- Energy4.4%
- Cons. Staples3.3%
- Communication3.2%
- Utilities2.9%
- Health Care2.7%
- Real Estate2.1%
Geography
- Taiwan (Province of China)61.30%
- India9.75%
- Brazil8.41%
- United States7.59%
- Thailand2.91%
- Poland2.31%
- Indonesia1.81%
- Chile1.03%
- 4.89%
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.
Returns run to the Sep 22, 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 | +23.7% |
| 1 month | +3.5% |
| 3 months | +0.2% |
| 1 year | +28.2% |
| 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 | +23.7% | |
| 2025 | +20.4% | |
| 2024 | −3.1% |
XCNY in the news
ETF.net Research hasn’t filed on XCNY yet — coverage lands here as it’s written.
XCNY Dividends
- 2.16%
- $0.75
- $0.28 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 22, 2026 | Jun 26, 2026 | $0.28 |
| Dec 22, 2025 | Dec 29, 2025 | $0.47 |
| Jun 23, 2025 | Jun 27, 2025 | $0.28 |
| Dec 31, 2024 | Data unavailable | $0.09 |
| Dec 23, 2024 | Dec 30, 2024 | $0.26 |
XCNY Risk
- 14.4%
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.
- 0.91
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
- The middle half of Emerging Markets Total Market funds
- Median 0.07%
3 of the 5 Emerging Markets Total Market funds charge less.