GXC vs KTEC

GXCAState Street SPDR S&P China ETF

KTECDKraneShares Hang Seng TECH 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.

KTEC KTEC buys the Hang Seng TECH Index: the 30 largest technology companies listed in Hong Kong, wrapped in one US-listed ticker. A narrow, high-conviction slice of Chinese tech rather than a diversified core holding.

Stated mandate

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

KTEC KTEC seeks to track the Hang Seng TECH Index, representing the 30 largest companies in Hong Kong's technology sector.

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.

• KTEC One ticker for the Hang Seng TECH Index, the 30 biggest tech names listed in Hong Kong. No overseas brokerage account, no ADR scavenger hunt.kraneshares.com
• Rules-based and transparent: it follows a published index instead of a manager's hunches, so the basket it aims to hold is always knowable.kraneshares.com
• A standard US fund wrapper trading on a US exchange in dollars, during US hours, while Hong Kong's market is closed.kraneshares.com
• Live since 2021, so it has traded through a full cycle of sentiment swings in Chinese tech rather than arriving as an untested launch.

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.

• KTEC The expense ratio is 0.69% a year, above what the typical broad index tracker in its peer group charges. Niche access carries a niche price.
• About 30 stocks, one sector, one market. A handful of giants steer the whole basket, and moves can be sharp in both directions.
• Structured for growth exposure, not a paycheck: distributions land at most a couple of times a year.

Full GXC profile⁠

Full KTEC profile⁠