CMBS vs GXC

Comparison between ISHARES CMBS ETF (CMBS, ETF) and STATE STREET(R) SPDR(R) S&P(R) CHINA ETF (GXC, ETF).

5-Year PerformanceCMBS has outperformed GXC, delivering a return of +0.8% compared to -1.7%

CMBS vs GXC - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CMBS(ETF)	GXC(ETF)
Net Assets	$473M	$472M
Expense Ratio	0.25%	0.59%
Max Drawdown	20.92%	72.35%
Sharpe Ratio	-0.33	-0.45
5Y Beta	0.01	0.62
5Y Dividends CAGR	2.20%	10.09%

Net Assets

Winner

CMBS

$473M

GXC

$472M

Expense Ratio

Winner

CMBS

0.25%

GXC

0.59%

Max Drawdown

Winner

CMBS

20.92%

GXC

72.35%

Sharpe Ratio

Winner

CMBS

-0.33

GXC

-0.45

5Y Beta

Winner

CMBS

0.01

GXC

0.62

5Y Dividends CAGR

CMBS

2.20%

Winner

GXC

10.09%

CMBS vs GXC - Historical Returns

Returns include dividend reinvestment.

Period	CMBS	GXC
1 month	+0.47%	+1.40%
3 months	+0.44%	-1.36%
6 months	-1.16%	-6.84%
1 year	+2.45%	-3.73%
5 years(CAGR)	+0.77%	-1.69%
10 years(CAGR)	+1.93%	+3.96%
Max(CAGR)	+2.38%	+4.87%

CMBS

+0.47%

Winner

GXC

+1.40%

Winner

CMBS

+0.44%

GXC

-1.36%

Winner

CMBS

-1.16%

GXC

-6.84%

Winner

CMBS

+2.45%

GXC

-3.73%

5Y(CAGR)

Winner

CMBS

+0.77%

GXC

-1.69%

10Y(CAGR)

CMBS

+1.93%

Winner

GXC

+3.96%

Max(CAGR)

CMBS

+2.38%

Winner

GXC

+4.87%

CMBS vs GXC - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	CMBS	GXC
2026	+0.62%	-8.51%
2025	+7.26%	+33.32%
2024	+4.46%	+17.35%
2023	+5.03%	-12.72%
2022	-10.84%	-22.44%
2021	-1.82%	-20.17%
2020	+7.84%	+24.40%
2019	+7.93%	+23.80%
2018	+1.05%	-22.33%
2017	+3.29%	+50.45%
2016	+3.06%	+3.99%
2015	+0.69%	-5.28%
2014	+2.56%	+6.92%
2013	+0.39%	+4.82%
2012	+4.54%	+18.04%
2011	N/A	-18.05%
2010	N/A	+4.63%
2009	N/A	+50.80%
2008	N/A	-48.22%
2007	N/A	+70.08%

CMBS vs GXC Drawdown Comparison

The maximum drawdown for CMBS was -15.87%, occurring on Nov 3, 2022. Recovery took 1014 trading sessions.

The maximum drawdown for GXC was -71.97%, occurring on Oct 27, 2008. Recovery took 1880 trading sessions.

The current CMBS drawdown is -1.16%. The current GXC drawdown is -33.12%.

Rank	CMBS	GXC
#1	-15.87% Jul 20, 2021 - Aug 4, 2025	-71.97% Oct 31, 2007 - Apr 22, 2015
#2	-9.89% Mar 9, 2020 - Jul 30, 2020	-60.23% Feb 17, 2021 - Oct 31, 2022
#3	-4.94% Sep 7, 2016 - Sep 5, 2017	-39.71% Apr 27, 2015 - Jul 19, 2017
#4	-3.82% Sep 7, 2017 - Jan 3, 2019	-32.96% Jan 26, 2018 - Jul 8, 2020
#5	-3.33% May 21, 2013 - Apr 14, 2014	-16.82% Jul 23, 2007 - Aug 27, 2007
#6	-2.55% Jan 29, 2021 - Jul 20, 2021	-8.76% Oct 17, 2007 - Oct 31, 2007
#7	-2.44% Feb 27, 2026 - Mar 27, 2026	-8.06% Nov 22, 2017 - Jan 2, 2018
#8	-2.20% Feb 2, 2015 - Oct 14, 2015	-7.84% Aug 27, 2007 - Sep 4, 2007
#9	-2.05% Oct 14, 2015 - Jan 20, 2016	-7.45% Sep 1, 2020 - Oct 12, 2020
#10	-2.04% Sep 4, 2019 - Jan 27, 2020	-5.86% Jul 9, 2020 - Aug 24, 2020
#11	-1.84% Feb 11, 2016 - Apr 1, 2016	-5.75% Oct 2, 2007 - Oct 5, 2007
#12	-1.82% Jul 3, 2012 - Jul 25, 2012	-5.60% Jan 25, 2021 - Feb 9, 2021
#13	-1.60% Mar 7, 2012 - Jun 26, 2012	-4.85% Apr 16, 2007 - May 7, 2007
#14	-1.54% Oct 2, 2020 - Dec 11, 2020	-4.65% May 16, 2007 - Jun 5, 2007
#15	-1.38% Nov 28, 2014 - Jan 7, 2015	-4.58% Nov 27, 2020 - Jan 5, 2021

Correlation

Correlation between CMBS and GXC is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2007 - 2026)

CMBS vs GXC dividend yield comparison.

Year	CMBS	GXC
2026	2.13%	0.73%
2025	3.45%	2.40%
2024	3.31%	2.80%
2023	2.97%	3.70%
2022	2.65%	2.67%
2021	2.46%	1.35%
2020	2.83%	1.04%
2019	2.74%	1.60%
2018	2.70%	2.03%
2017	2.50%	1.84%
2016	2.29%	2.05%
2015	2.31%	2.85%
2014	2.15%	2.11%
2013	2.00%	2.29%
2012	2.22%	2.02%
2011	0.00%	2.09%
2010	0.00%	1.25%
2009	0.00%	0.98%
2008	0.00%	1.78%
2007	0.00%	1.39%