MCHvsGXCETF Comparison
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Matthews China Active ETF (MCH) and State Street SPDR S&P China ETF (GXC) belong to the same industry segment: China Blended Cap. MCH's top 3 sector exposures are Finance, Technology and Non-Energy Materials. In contrast, GXC's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. MCH is more expensive with a Total Expense Ratio (TER) of 0.79%, versus 0.59% for GXC. MCH is down -15.61% year-to-date (YTD) with -$4M in YTD flows. GXC performs worse with -17.18% YTD performance, and +$19M in YTD flows. Run a side-by-side ETF comparison of MCH 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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MCH vs GXC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MCH GXC | -11.26%-7.45% | -14.55%-11.38% | -15.61%-17.18% | -20.30%-21.32% | +27.93%+24.37% | n/a-19.25% |
| Flows | MCH GXC | -$4M- | -$4M+$5M | -$4M+$19M | -$4M+$43M | -$8M-$407M | --$619M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MCH GXC | +18.68%+14.27% | +22.07%+18.08% | +25.39%+22.29% | n/a+24.67% |
| Max drawdown | MCH GXC | -18.92%-13.98% | -21.09%-22.91% | -23.38%-23.35% | n/a-46.69% |
| Max drawdown duration | MCH GXC | 80d80d | 273d273d | 309d392d | n/a1400d |
Trading data
MCH | GXC | |
Last sale 10/30/2026 at 1:30 PM | $24.03 | $80.79 |
| Previous close 10/29/2026 | $24.19 | $80.82 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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MCH
is actively managed and doesn’t replicate an indexMCH | 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 10/30/2026 at 1:30 PM
Live
Closed
MCH | GXC | |
|---|---|---|
| Last price | $24.03 | $80.79 |
| 1D performance | -0.67% | -0.04% |
| AuM | $15.33 M | $420.87 M |
| E/R | 0.79% | 0.59% |
Characteristics
MCH | GXC | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Matthews Asia | State Street Investment Management |
| Benchmark | - | S&P China BMI Index |
| N° of holdings | 53 | 1233 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 13, 2022 | March 20, 2007 |
| ESG | No | No |
Exposure
Countries
MCH
China
87.45%
Hong Kong
8%
Other
4.55%
GXC
China
86.4%
Other
13.6%
Sectors
MCH
Finance
29.48%
Technology
26.34%
Non-Energy Materi.
10.55%
Industrials
9.45%
Healthcare
7.34%
Other
16.84%
GXC
Technology
23.62%
Finance
20.21%
Consumer Non-Cycl.
13.72%
Industrials
8.99%
Healthcare
7.63%
Non-Energy Materi.
7.28%
Other
18.55%
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Diversification
MCH
Total weight of top 15 holdings out of 15
56.44%
GXC
Total weight of top 15 holdings out of 15
36.8%
Top 15 holdings
Data as of September 30, 2026
MCH
Tencent Holdings Ltd.
12.93%
Alibaba Group Holding Ltd.
4.90%
China Construction Bank Corp.
4.79%
Meituan
3.96%
Ping An Insurance (Group) Co. of China Ltd.
3.42%
China Life Insurance Co. Ltd.
3.14%
China International Capital Corp. Ltd.
2.97%
Bank of Ningbo Co., Ltd.
2.85%
WuXi AppTec Co., Ltd.
2.80%
China Merchants Bank Co., Ltd.
2.60%
China Merchants Securities Co., Ltd.
2.54%
Zijin Mining Group Co., Ltd.
2.45%
JD.com, Inc.
2.42%
Jiangsu Zhongtian Technology Co., Ltd.
2.42%
Kingboard Holdings Ltd.
2.26%
GXC
Tencent Holdings Ltd.
9.68%
Alibaba Group Holding Ltd.
7.67%
China Construction Bank Corp.
3.59%
Industrial & Commercial Bank of China Ltd.
2.20%
Bank of China Ltd.
1.82%
PDD Holdings, Inc.
1.73%
Xiaomi Corp.
1.59%
Meituan
1.48%
NetEase, Inc.
1.26%
Ping An Insurance (Group) Co. of China Ltd.
1.24%
BYD Co., Ltd.
1.03%
JD.com, Inc.
0.98%
Lenovo Group Ltd.
0.96%
WuXi Biologics (Cayman), Inc.
0.78%
China Life Insurance Co. Ltd.
0.78%
Frequently asked questions about MCH and GXC
How have the MCH and GXC ETFs performed in 2026?
As of October 29, 2026, MCH is down -15.61% year-to-date (YTD), while GXC has lost -17.18%. That puts MCH better performer ahead so far this year.
Which ETF is attracting more investor money: MCH or GXC?
Year-to-date, the MCH ETF saw -$4M in flows, compared to +$19M for GXC.
Which ETF is more volatile: MCH or GXC?
Over the past year, MCH had a volatility of 22.07%, while GXC experienced 18.08%.
Which ETF is bigger: MCH or GXC?
As of October 29, 2026, MCH holds $15.33 M in assets under management (AUM), while GXC manages $420.87 M.
What sectors do the MCH and GXC ETFs invest in?
MCH leans toward sectors like Finance, Technology and Non-Energy Materials. Meanwhile, GXC focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the MCH ETF and GXC ETF?
MCH top holdings include Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Construction Bank Corp.. GXC holds in its top three: Tencent Holdings Ltd., Alibaba Group Holding Ltd. and China Construction Bank Corp..
Which ETF is more diversified: MCH or GXC?
MCH holds 54 securities with 56.44% of its assets in the top 15. GXC has 1302 securities and a top 15 weight of 36.8%.
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Latest news about MCH & GXC
Andrew Mattock - Matthews China Active ETF (MCH)
March 15, 2023
MCH
Chinese ETFs surge after Zero-COVID policy is relaxed
December 8, 2022
GXC
Exploring fresh dividend investing strategies and foreign stocks
September 17, 2022
MCH
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