XCNY
SPDR S&P Emerging Markets ex-China ETF
The SPDR S&P Emerging Markets ex-China ETF aims to provide investment results that correspond to the performance of the S&P Emerging Markets ex-China Index by investing in large- and mid-cap companies across emerging market countries, excluding China.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
$ 10.3 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Sep 04, 2024 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| TAIWAN SEMICONDUCTOR MANUFAC | 19.4 % |
| Global X HealthTech ETF | 5.5 % |
| MEDIATEK INC | 2.7 % |
| DELTA ELECTRONICS INC | 1.7 % |
| HON HAI PRECISION INDUSTRY | 1.1 % |
| RELIANCE INDUSTRIES LTD | 1.0 % |
| ADVANCED SEMICONDUCTOR ENGR | 0.9 % |
| HDFC BANK LIMITED | 0.9 % |
| ICICI BANK LTD | 0.8 % |
| ACCTON TECHNOLOGY CORP | 0.7 % |
Constituent Breakdown
| Number of holdings | 1037 |
| Herfindahl-Hirschman Index | 439 |
| Wgt avg mkt cap (mns) | $414,249 |
| Large cap (>$10bn) | 64.6% |
| Mid cap ($2-10bn) | 17.4% |
| Small cap (<$2bn) | 6.1% |
| Developed mkts. | 2.0% |
| Emerging mkts. | 89.3% |
Sector Breakdown
Country Exposure
 |
TAIWAN | 42.0 % |
 |
INDIA | 17.7 % |
 |
BRAZIL | 5.2 % |
 |
SOUTH AFRICA | 3.9 % |
 |
SAUDI ARABIA | 3.5 % |
 |
MEXICO | 2.5 % |
 |
MALAYSIA | 2.3 % |
 |
THAILAND | 1.8 % |
 |
UAE | 1.6 % |
 |
POLAND | 1.6 % |
Historical Performance
Standardized Performance (as of 08/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 19.5% | 28.8% | -- | -- | -- | -- | -- | 15.7% |
| Dividend Yield | 1.0% | 3.2% | -- | -- | -- | -- | -- | 2.8% |
| Total Returns | 20.5% | 32.1% | -- | -- | -- | -- | -- | 18.5% | Ann. Volatility | 22.4% | 19.4% | -- | -- | -- | -- | -- | 18.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.22 | 64% |
| MSCI EAFE | 1.03 | 69% |
| MSCI Emg Mkts | 0.73 | 88% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.34% |
Technical Indicators
| 30d moving avg. (EMA) | $32.82 |
| Relative strength (RSI) | 54 |
| MACD/Signal | 0.18/0.06 |
| Bollinger Bands (Upper/Lower) | $33.92/$31.30 |
| Short interest (% of AUM) | 2.9% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XCNY |
Expenses vs. XCNY |
ALTAR Score™ vs. XCNY |
|---|---|---|---|---|
| VEXC | Vanguard Emerging Markets Ex-China ETF | 73.3% | -8 bp | +0.1% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 65.1% | +10 bp | -0.6% |
| SCHE | Schwab Emerging Markets Equity ETF | 58.0% | -4 bp | +4.1% |
| VWO | Vanguard FTSE Emerging Markets ETF | 57.6% | -8 bp | +3.7% |
| STXE | Strive Emerging Markets Ex-China ETF | 53.3% | +17 bp | -0.5% |
| HEEM | iShares Currency Hedged MSCI Emerging Markets ETF | 52.6% | +54 bp | +2.3% |
| EEM | iShares MSCI Emerging Markets ETF | 52.5% | +54 bp | +2.3% |
| SPEM | SPDR Portfolio Emerging Markets ETF | 52.2% | -8 bp | +4.0% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Reserves Free ETF | 50.8% | +15 bp | +2.5% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 50.6% | +9 bp | -0.5% |
Risk and Returns: XCNY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
6.1%
ALTAR SCORE™
27th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 216 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.5% and a standard deviation
of 2.2%. XCNY's ALTAR Score™ is approximately -0.6 standard
deviations above the category average. This places XCNY in the 27th percentile
among funds in the category.
Sell-Side Consensus
$33.11
PRICE TARGET
-3.3%
UPSIDE