GXC vs VOO
State Street SPDR S&P China ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. GXC offers more diversification with 1231 holdings.
Side-by-Side Comparison
| Metric | GXC | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.59% | 0.03% | |
| AUM | $464M | $979.0B | |
| Dividend Yield | 2.31% | 1.09% | |
| Holdings | 1,267 | 509 | |
| YTD Return | -8.26% | +13.72% | |
| 1Y Return | -0.75% | +21.63% | |
| 3Y Return (annualized) | +9.27% | +21.55% | |
| 5Y Return (annualized) | -2.65% | +13.26% | |
| Volatility (annualized) | 25.9% | 14.1% | |
| Max Drawdown | -72.3% | -34.3% | |
| Fund Family | SPDR State Street Global Advisors | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Mar 19, 2007 | Sep 7, 2010 |
GXC vs VOO Performance
State Street SPDR S&P China ETF (GXC) is a ETF from SPDR State Street Global Advisors and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year GXC returned -0.75% while VOO returned +21.63%. Year to date, GXC is down 8.26% versus a gain of 13.72% for VOO.
Over three years, GXC compounded at +9.27% per year against +21.55% for VOO; over five years the annualized figures are -2.65% and +13.26% respectively. Across the full 16-year window we track, VOO has the edge at +13.56% annualized vs +3.39%. 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 14.1% for VOO. 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 -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.43. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GXC charges 0.59% per year while VOO 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 2.31% against 1.09% for VOO.
Holdings Overlap
GXC and VOO share 1 holdings out of 1735 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in GXC | Weight in VOO | Difference |
|---|---|---|---|
| UNH | 0.01% | 0.59% | 0.58% |
Frequently Asked Questions
Which is cheaper, GXC or VOO?
GXC has an expense ratio of 0.59% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $56 per year of difference.
Which performed better, GXC or VOO?
Over the past year GXC returned -0.75% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), GXC annualized +3.39% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, GXC or VOO?
GXC has been the more volatile fund at 25.9% annualized versus 14.1% for VOO. Worst drawdown: GXC -72.3% vs VOO -34.3%.
Should I hold both GXC and VOO?
GXC and VOO have a monthly-return correlation of 0.43, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GXC and VOO?
GXC and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 1735 unique securities.
Which pays a higher dividend, GXC or VOO?
GXC yields 2.31% while VOO yields 1.09%, so GXC currently pays the higher dividend yield.
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