GXC vs IVV
State Street SPDR S&P China ETF vs iShares Core S&P 500 ETF
Which is better, GXC or IVV?
IVV has been ahead.
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. GXC is less concentrated, with 33.2% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GXC | IVV |
|---|---|---|
| Expense Ratio | 0.59% | 0.03%Best |
| AUM | $470M | $876.4B |
| Dividend Yield | 2.18% | 1.06% |
| Holdings | 1,267 | 508 |
| YTD Return | -11.66% | +11.57%Best |
| 1Y Return | -10.40% | +17.57%Best |
| 3Y Return (annualized) | +8.52% | +20.71%Best |
| 5Y Return (annualized) | -3.53% | +12.80%Best |
| Volatility (annualized) | 25.9% | 15.5%Best |
| Max Drawdown | -72.3% | -56.5%Best |
| $10,000 over 5 years | $8,355 | $18,262Best |
| Top 10 Weight | 33.2%Best | 37.9% |
| Fund Family | SPDR State Street Global Advisors | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Mar 19, 2007 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Mar 23, 2007 to Sep 10, 2026 (19.5 years).
GXC vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.5 years both funds cover.
GXC vs IVV Performance
State Street SPDR S&P China ETF (GXC) is an ETF from SPDR State Street Global Advisors and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year GXC returned -10.40% while IVV returned +17.57%. Year to date, GXC is down 11.66% versus a gain of 11.57% for IVV.
Over three years, GXC compounded at +8.52% per year against +20.71% for IVV; over five years the annualized figures are -3.53% and +12.80% respectively. Across the full 20-year window we track, IVV has the edge at +9.37% annualized vs +3.18%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GXC has been the more volatile fund, with annualized monthly volatility of 25.9% compared with 15.5% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -72.3% for GXC and -56.5% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.52. They move together some of the time, and apart the rest.
Fees and Cost Over Time
GXC charges 0.59% per year while IVV charges 0.03%. On a $10,000 position that is $59 vs $3 annually, a gap of $56 per year that compounds over a long holding period. On income, GXC currently yields 2.18% against 1.06% for IVV.
Holdings Overlap
0.6% of IVV's money is in holdings GXC also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 127 days apart, GXC as of Mar 31, 2026 and IVV as of Aug 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 1,231 positions we hold weights for in GXC and 505 in IVV, against full books of 1,267 and 508.
What only one of them owns
Our book lists 494 positions for IVV that do not appear in our book for GXC (98.8% of the fund), and 39 for GXC that do not appear in IVV (5.8%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in GXC | Weight in IVV | Difference |
|---|---|---|---|
| UNHUnitedhealth Group Inc. | 0.01% | 0.56% | 0.55% |
You are not choosing between two funds in isolation.
Whichever of GXC and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GXC or IVV?
GXC has an expense ratio of 0.59% while IVV charges 0.03%. IVV is the cheaper option, by $56 a year on a $10,000 investment.
Which performed better, GXC or IVV?
Over the past year GXC returned -10.40% vs +17.57% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (20 years), GXC annualized +3.18% vs +9.37% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GXC or IVV?
GXC has been the more volatile fund at 25.9% annualized versus 15.5% for IVV. Worst drawdown: GXC -72.3% vs IVV -56.5%.
Should I hold both GXC and IVV?
GXC and IVV have a monthly-return correlation of 0.52, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GXC or IVV?
GXC yields 2.18% while IVV yields 1.06%, so GXC currently pays the higher dividend yield.
Is IVV better than GXC?
IVV has a lower expense ratio. IVV led over 1Y, 3Y, 5Y and the full window. GXC is less concentrated, with 33.2% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.