KCAIvsGXCETF Comparison
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KraneShares China Alpha Index ETF (KCAI) and State Street SPDR S&P China ETF (GXC) belong to the same industry segment: China Blended Cap. KCAI's top 3 sector exposures are Financials, Industrials and Materials. In contrast, GXC's top sector exposures are Consumer Discretionary, Financials and Communication Services. KCAI is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.59% for GXC. KCAI is up 7% year-to-date (YTD) with +$3M in YTD flows. GXC performs worse with -3.19% YTD performance, and +$469K in YTD flows. Run a side-by-side ETF comparison of KCAI and GXC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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KCAI vs GXC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | KCAI GXC | +3.33%+3.55% | +7.17%-9.67% | +7.00%-3.19% | +64.82%+18.07% | n/a+31.45% | n/a-20.20% |
| Flows | KCAI GXC | --$20M | +$3M+$469K | +$3M+$469K | -$2M+$11M | --$747M | --$528M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | KCAI GXC | +14.54%+20.92% | +13.36%+17.76% | n/a+22.71% | n/a+25.21% |
| Max drawdown | KCAI GXC | -4.37%-14.20% | -4.37%-14.69% | n/a-24.55% | n/a-54.24% |
| Max drawdown duration | KCAI GXC | 32d89d | 32d208d | n/a423d | n/a1792d |
Trading data
KCAI | GXC | |
Last sale 4/28/2026 at 1:30 PM | $32.45 | $95.02 |
| Previous close 04/28/2026 | $32.43 | $94.46 |
| Consolidated volume 04/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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KCAI | GXC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/28/2026 at 1:30 PM
Live
Closed
KCAI | GXC | |
|---|---|---|
| Last price | $32.45 | $95.02 |
| 1D performance | +0.05% | +0.59% |
| AuM | $11.40 M | $476.72 M |
| E/R | 0.79% | 0.59% |
Characteristics
KCAI | GXC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | KraneShares | State Street Investment Management |
| Benchmark | Qi China Alpha Index | S&P China BMI Index |
| N° of holdings | 40 | 1053 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 28, 2024 | March 20, 2007 |
| ESG | No | No |
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Exposure
Countries
KCAI
China
99.77%
Other
0.23%
GXC
China
49.76%
Cayman Islands
38.6%
Other
11.64%
Sectors
KCAI
Financials
41.38%
Industrials
21.31%
Materials
14.32%
Information Techn.
12.29%
Consumer Discreti.
10.47%
Other
0.23%
GXC
Consumer Discreti.
22.34%
Financials
16.87%
Communication Ser.
14.38%
Information Techn.
9.12%
Industrials
8.22%
Materials
7.03%
Other
22.03%
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Diversification
KCAI
Total weight of top 15 holdings out of 15
48.47%
GXC
Total weight of top 15 holdings out of 15
38.9%
Top 15 holdings
Data as of March 31, 2026
KCAI
EOPTOLINK TECHNOLOGY INC
3.43%
SATELLITE CHEMICAL CO LTD
3.43%
BANK OF CHINA
3.34%
CONSTR BANK
3.34%
ICBC
3.31%
HUA XIA BANK
3.28%
NINGXIA BAOFENG ENERGY GROUP CO LTD
3.28%
BANK OF COMM
3.21%
PUDONG DEV
3.19%
BANK OF JIANGSU CO LTD-A
3.17%
DAQIN RAILWAY
3.15%
AGRI BANK OF CN
3.11%
BEIJING BANK
3.08%
BANK OF SHANGHAI CO LTD
3.08%
ZHONGJI INNOLIGHT
3.07%
GXC
TENCENT HOLDINGS
10.66%
ALIBABA GROUP HOLDING LTD
8.22%
CHINA CONSTRUCTION BANK
3.05%
PINDUODUO INC ADR
2.26%
XIAOMI CORP
1.99%
INDUSTRIAL COMMERC BK CHINA
1.95%
MEITUAN
1.69%
BANK OF CHINA
1.47%
BYD
1.42%
PING AN
1.40%
JD.COM INC
1.22%
NETEASE INC
1.08%
BAIDU
0.88%
TRIP.COM GROUP
0.81%
ZIJIN MINING
0.80%
Frequently asked questions about KCAI and GXC
How have the KCAI and GXC ETFs performed in 2026?
As of April 27, 2026, KCAI is up 7% year-to-date (YTD), while GXC has lost -3.19%. That puts KCAI better performer ahead so far this year.
Which ETF is attracting more investor money: KCAI or GXC?
Year-to-date, the KCAI ETF saw +$3M in flows, compared to +$469K for GXC.
Which ETF is more volatile: KCAI or GXC?
Over the past year, KCAI had a volatility of 13.36%, while GXC experienced 17.76%.
Which ETF is bigger: KCAI or GXC?
As of April 27, 2026, KCAI holds $11.40 M in assets under management (AUM), while GXC manages $476.72 M.
What sectors do the KCAI and GXC ETFs invest in?
KCAI leans toward sectors like Financials, Industrials and Materials. Meanwhile, GXC focuses on Consumer Discretionary, Financials and Communication Services.
What are the top holdings of the KCAI ETF and GXC ETF?
KCAI top holdings include EOPTOLINK TECHNOLOGY INC, SATELLITE CHEMICAL CO LTD and BANK OF CHINA. GXC holds in its top three: TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and CHINA CONSTRUCTION BANK.
Which ETF is more diversified: KCAI or GXC?
KCAI holds 40 securities with 48.47% of its assets in the top 15. GXC has 1181 securities and a top 15 weight of 38.9%.
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Latest news about KCAI & GXC
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