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GXC vs KBA

State Street SPDR S&P China ETF

GXCANYSE Arca

KraneShares Bosera MSCI China A 50 Connect Index ETF

KBAANYSE Arca

Overlap

Expense ratio

KBA −0.03pt a year

GXC0.59%KBA0.56%

Avg volume · 30D

KBA 1.2×the volume

GXC23.4KKBA29.2K

10Y return · a year

KBA +4.1pt

GXC+2.6%KBA+6.7%

GXC vs KBA Performance

Oct 29, 2021 – Oct 30, 2026

−18.2%GXC+9.0%KBA

Oct 29, 2021 to Oct 30, 2026. GXC −18.2%. KBA +9.0%. Use the arrow keys to read each point.−40%0%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
GXC 0.59%
KBA 0.56%, better
Fund size
GXC $421M
KBA $105M
1Y total return
GXC −19.1%
KBA −5.5%, better
Yield (12M)
GXC 2.46%, better
KBA 1.71%
Holdings
GXC 1539
KBA 52
Avg volume (30D)
GXC 23.4K sh
KBA 29.2K sh, better
NAV per share
GXC $80.17
KBA $28.35
52W range

ETF.net Grade

GXC: Cost 78, Risk 67, Mission 85, Tradability 69, Holdings 76, Durability 84. KBA: Cost 86, Risk 76, Mission 83, Tradability 51, Holdings 61, Durability 60.
Pillar letters and Scores for GXC, KBA, with each pillar’s weight
PillarGXCKBA
Cost30% weightA78A86Higher
Mission25% weightA85HigherA83
Risk15% weightB67A76Higher
Tradability15% weightB69HigherC51
Holdings10% weightA76HigherB61
Durability5% weightA84HigherB60

Rank among China funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. GXC and KBA are both graded against the same 28 China funds, so their Grades compare head to head.

China⁠

Category · 28 funds
See all 28 ›

GXC ranks 4th and KBA 5th of 28 funds in the China Category.

  1. Rank 1ACXSEWisdomTree China ex-State-Owned Enterprises FundScore 81
  2. Rank 2AFLCHFranklin FTSE China ETFScore 80
  3. Rank 3AMCHIiShares MSCI China ETFScore 77
  4. Rank 4AGXCState Street SPDR S&P China ETFScore 76
  5. Rank 5AKBAKraneShares Bosera MSCI China A 50 Connect Index ETFScore 74
  6. Rank 6AASHRXtrackers Harvest CSI 300 China A-Shares ETFScore 73

Our read on each fund

ETF.net Research

GXCAState Street SPDR S&P China ETF

KBAAKraneShares Bosera MSCI China A 50 Connect Index ETF

In short

GXC The whole China market in one ticker: roughly 1,400 stocks from megacaps down to small caps, tracked since 2007. Most China funds buy the famous names. GXC buys the phone book.

KBA The first US-listed ETF built on an MSCI China A-share index, running since 2014. It owns mainland Shanghai and Shenzhen stocks through Stock Connect rather than Hong Kong listings or ADRs.

Stated mandate

GXC The fund seeks to provide returns that generally correspond to the total return performance of the S&P China BMI Index.

KBA The fund tracks the MSCI China A 50 Connect Index, which represents 50 large-cap Chinese A-shares listed in Shanghai and Shenzhen and accessible through Stock Connect.

Why people hold it

  • GXC Holds roughly 1,400 names across large, mid and small caps, so the portfolio reaches well past the handful of megacap internet stocks that dominate narrower China funds.ssga.com
  • Running since 2007, one of the longest-tenured US-listed China index funds, with a track record covering several full boom and bust cycles in the market.ssga.com
  • Tracks the S&P China BMI Index tightly and sits in the upper tier of its single-country China peer group on our review.
  • KBA Most US-listed China funds hold Hong Kong shares and ADRs. This one buys the onshore market itself: 50 large A-shares in Shanghai and Shenzhen, accessed via Stock Connect.kraneshares.com
  • The index takes the 50 largest A-shares but keeps at least two stocks per sector and matches the parent MSCI China A Index's sector weights, curbing the usual financials pile-up.msci.commsci.com 2
  • 0.56% net of a contractual waiver through August 1, 2028 (0.79% gross), below the median fee among the 30 China funds we grade.kraneshares.com
  • Live since March 2014 via a KraneShares and Bosera partnership, and it tracks its index closely. One of the stronger implementations in the China peer group.kraneshares.com

Worth knowing

  • GXC The 0.59% expense ratio sits at the pricier end of the shelf. Plain index rivals such as FLCH and CXSE charge less for China exposure.
  • Volume is light next to the category's biggest China funds, so bid-ask spreads can widen. Limit orders are the usual defense.
  • One country, one policy regime: Chinese regulation, politics and currency moves drive the whole ride, and payouts land only once or twice a year.
  • KBA Thinly traded next to the big offshore China funds, so spreads can widen. Limit orders matter, especially since US hours do not overlap mainland trading.
  • FLCH (0.19%) and CXSE (0.32%) charge less, but they hold offshore China shares, a different market with different companies.
  • Fifty mega caps only: no small or mid caps, and distributions come once or twice a year rather than quarterly.

Full GXC profile⁠

Full KBA profile⁠

GXC vs KBA Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GXC vs KBA Cost

Overpaying GXC vs KBA

$547

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

  • GXC 0.59%

    $11,635

  • KBA 0.56%

    $11,088

$10,000
30 years

Cost over time

  • GXC 0.59%
  • KBA 0.56%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530GXC $11,635KBA $11,088

Year by year

YearGXCKBAOverpaying
10$1,058$1,006$52
20$4,051$3,855$196
30$11,635$11,088$547

Expense ratio

  • 0.59%GXC
  • 0.56%KBA, cheaper
  • Middle half of China funds
  • Median 0.65%

KBA 4th cheapest of 28 funds

GXC 5th cheapest of 28 funds

GXC vs KBA Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GXC 2.46%, better
KBA 1.71%
Payout (12M)
GXC $1.99
KBA $0.48
Last payment
GXC $0.67
KBA $0.48
Ex-dividend
GXC Jun 22, 2026
KBA Dec 22, 2025
Paid on
GXC Jun 26, 2026
KBA Dec 23, 2025
Frequency
GXC Twice a year
KBA Annual

Distribution history

Per share, 2017 to 2026, same scale for both

GXCTwice a year · 19 paymentsAll GXC payments⁠
One bar per payment. 19 payments from 2017 to 2026 YTD. Jun 16, 2017 $0.26; Dec 15, 2017 $1.71; Jun 15, 2018 $0.56; Dec 24, 2018 $1.16; Jun 24, 2019 $0.81; Dec 23, 2019 $0.83; Jun 22, 2020 $0.56; Dec 21, 2020 $0.79; Jun 21, 2021 $0.50; Dec 20, 2021 $0.90; Jun 21, 2022 $0.76; Dec 20, 2022 $1.33; Jun 20, 2023 $0.83; Dec 18, 2023 $1.69; Jun 24, 2024 $0.63; Dec 23, 2024 $1.50; Jun 23, 2025 $1.00; Dec 22, 2025 $1.32; Jun 22, 2026 $0.67. Use the arrow keys to read each point.$0$52017202020232026YTD
KBAAnnual · 10 paymentsAll KBA payments⁠
One bar per payment. 10 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.34; Dec 26, 2018 $0.92; Dec 27, 2019 $0.50; Dec 29, 2020 $0.30; Dec 29, 2021 $3.94; Dec 14, 2022 $6.25; Dec 28, 2022 $6.25; Dec 18, 2023 $0.48; Dec 17, 2024 $0.51; Dec 22, 2025 $0.48. Use the arrow keys to read each point.$0$52017202020232026YTD

GXC vs KBA Risk

Fall from peak · 5 years

  • GXC
  • KBA
Oct 29, 2021 to Oct 30, 2026. Worst fall: GXC −46.5% · Oct 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
GXC 20.7%KBA 19.2%, better
Return per unit of riskSharpe ratio, 3 years
GXC 0.27KBA 0.43, better
Worst fallMax drawdown, 5 years
GXC −46.5%KBA −39.7%, better
Market sensitivityBeta, 5 years
GXC 0.69KBA 0.68

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