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GXC vs KWEB

State Street SPDR S&P China ETF

GXCANYSE Arca

KraneShares CSI China Internet ETF

KWEBCNYSE Arca

Overlap

Expense ratio

GXC −0.10pt a year

GXC0.59%KWEB0.69%

Avg volume · 30D

KWEB 765.2×the volume

GXC23.4KKWEB17.9M

10Y return · a year

GXC +5.8pt

GXC+2.6%KWEB−3.2%

GXC vs KWEB Performance

Oct 29, 2021 – Oct 30, 2026

−18.2%GXC−42.9%KWEB

Oct 29, 2021 to Oct 30, 2026. GXC −18.2%. KWEB −42.9%. Use the arrow keys to read each point.−50%−30%−10%0%Oct 2021Apr 2024Oct 2026
Expense ratio
GXC 0.59%, better
KWEB 0.69%
Fund size
GXC $421M
KWEB $4.22B
1Y total return
GXC −19.1%, better
KWEB −39.6%
Yield (12M)
GXC 2.46%
KWEB 9.22%, better
Holdings
GXC 1539
KWEB 46
Avg volume (30D)
GXC 23.4K sh
KWEB 17.9M sh, better
NAV per share
GXC $80.17
KWEB $22.70
52W range

ETF.net Grade

GXC: Cost 78, Risk 67, Mission 85, Tradability 69, Holdings 76, Durability 84. KWEB: Cost 38, Risk 16, Mission not scored, Tradability 77, Holdings 35, Durability 79.
Pillar letters and Scores for GXC, KWEB, with each pillar’s weight
PillarGXCKWEB
Cost30% weightA78HigherD38
Mission25% weightA85Not scored
Risk15% weightB67HigherF16
Tradability15% weightB69A77Higher
Holdings10% weightA76HigherD35
Durability5% weightA84HigherA79

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 KWEB 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 KWEB 21st 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 20CNBCENeuberger Berman China Equity ETFScore 44
  7. Rank 21CKWEBKraneShares CSI China Internet ETFScore 43
  8. Rank 22CCCPXCorgi China 2x Daily ETFScore 40

Our read on each fund

ETF.net Research

GXCAState Street SPDR S&P China ETF

KWEBCKraneShares CSI China Internet 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.

KWEB China's internet giants, undiluted: roughly 30 offshore-listed names instead of a whole-market basket. Live since 2013, KWEB is the ticker traders reach for when they want to express a view on China tech.

Stated mandate

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

KWEB The Fund seeks to track, before fees and expenses, the performance of the CSI Overseas China Internet Index, which covers publicly traded China-based companies focused primarily on internet and internet-related businesses.

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.
  • KWEB Tracks the CSI Overseas China Internet Index: about 30 China-based internet companies listed in Hong Kong, on NASDAQ or the NYSE. A sector bet, not a country bet.kraneshares.com
  • Among the most actively traded funds in the China group, with an options market deep enough that KraneShares runs a covered-call fund written on KWEB itself.kraneshares.com
  • At 0.69% a year, the fee sits right at the median for its China peer group despite the narrow single-theme mandate.
  • Trading since 2013 and now a multi-billion-dollar fund: a long operating history for a single-country thematic product.

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.
  • KWEB About 30 stocks, one sector, one country. That concentration cuts both ways, and price swings run large next to broad China funds.
  • The index covers offshore listings only (Hong Kong, NASDAQ, NYSE), so mainland-listed A-share internet names sit outside the portfolio.kraneshares.com
  • Whole-market China exposure is cheaper: FLCH charges 0.19% and MCHI 0.59%, both spanning the full market rather than one theme.

Full GXC profile⁠

Full KWEB profile⁠

GXC vs KWEB 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 KWEB Cost

Overpaying KWEB vs GXC

$1,794

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

  • GXC 0.59%

    $11,635

  • KWEB 0.69%

    $13,429

$10,000
30 years

Cost over time

  • GXC 0.59%
  • KWEB 0.69%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530KWEB $13,429GXC $11,635

Year by year

YearGXCKWEBOverpaying
10$1,058$1,232$174
20$4,051$4,697$646
30$11,635$13,429$1,794

Expense ratio

  • 0.59%GXC, cheaper
  • 0.69%KWEB
  • Middle half of China funds
  • Median 0.65%

GXC 5th cheapest of 28 funds

KWEB 17th cheapest of 28 funds

GXC vs KWEB Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
GXC 2.46%
KWEB 9.22%, better
Payout (12M)
GXC $1.99
KWEB $2.10
Last payment
GXC $0.67
KWEB $2.10
Ex-dividend
GXC Jun 22, 2026
KWEB Dec 22, 2025
Paid on
GXC Jun 26, 2026
KWEB Dec 23, 2025
Frequency
GXC Twice a year
KWEB 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$2.502017202020232026YTD
KWEBAnnual · 9 paymentsAll KWEB payments⁠
One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.34; Dec 26, 2018 $1.27; Dec 27, 2019 $0.04; Dec 29, 2020 $0.22; Dec 29, 2021 $2.58; Dec 18, 2023 $0.42; Dec 27, 2023 $0.04; Dec 17, 2024 $1.02; Dec 22, 2025 $2.10. Use the arrow keys to read each point.$0$2.502017202020232026YTD

GXC vs KWEB Risk

Fall from peak · 5 years

  • GXC
  • KWEB
Oct 29, 2021 to Oct 30, 2026. Worst fall: KWEB −61.9% · Oct 2022. Use the arrow keys to read each point.−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
GXC 20.7%, betterKWEB 31.1%
Return per unit of riskSharpe ratio, 3 years
GXC 0.27, betterKWEB −0.03
Worst fallMax drawdown, 5 years
GXC −46.5%, betterKWEB −61.9%
Market sensitivityBeta, 5 years
GXC 0.69KWEB 0.88

GXC and KWEB in the news

All news⁠

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