GXC vs LEO

Comparison between STATE STREET(R) SPDR(R) S&P(R) CHINA ETF (GXC, ETF) and BNY Mellon Strategic Municipals Inc (LEO, ETF).

5-Year PerformanceLEO has outperformed GXC, delivering a return of -2.4% compared to -4.1%

GXC vs LEO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GXC(ETF)	LEO(ETF)
Net Assets	$435M	$434M
Expense Ratio	0.59%	N/A
Max Drawdown	72.35%	54.53%
Sharpe Ratio	-0.10	1.00
5Y Beta	0.63	0.17
5Y Dividends CAGR	10.09%	-6.51%

Net Assets

Winner

GXC

$435M

LEO

$434M

Expense Ratio

GXC

0.59%

LEO

N/A

Max Drawdown

GXC

72.35%

Winner

LEO

54.53%

Sharpe Ratio

GXC

-0.10

Winner

LEO

1.00

5Y Beta

GXC

0.63

Winner

LEO

0.17

5Y Dividends CAGR

Winner

GXC

10.09%

LEO

-6.51%

GXC vs LEO - Historical Returns

Returns include dividend reinvestment.

Period	GXC	LEO
1 month	-0.65%	-0.63%
3 months	-7.12%	+0.40%
6 months	-11.94%	+1.47%
1 year	-0.88%	+14.69%
5 years(CAGR)	-4.08%	-2.38%
10 years(CAGR)	+4.37%	+0.99%
Max(CAGR)	+4.80%	+4.79%

GXC

-0.65%

Winner

LEO

-0.63%

GXC

-7.12%

Winner

LEO

+0.40%

GXC

-11.94%

Winner

LEO

+1.47%

GXC

-0.88%

Winner

LEO

+14.69%

5Y(CAGR)

GXC

-4.08%

Winner

LEO

-2.38%

10Y(CAGR)

Winner

GXC

+4.37%

LEO

+0.99%

Max(CAGR)

Winner

GXC

+4.80%

LEO

+4.79%

GXC vs LEO - Annual Returns (2001 - 2026)

Returns include dividend reinvestment.

Year	GXC	LEO
2026	-10.14%	+2.00%
2025	+33.32%	+8.40%
2024	+17.35%	+6.40%
2023	-12.72%	-1.05%
2022	-22.44%	-23.74%
2021	-20.17%	+5.05%
2020	+24.40%	+4.86%
2019	+23.80%	+22.72%
2018	-22.33%	-12.42%
2017	+50.45%	+8.83%
2016	+3.99%	+3.50%
2015	-5.28%	+11.03%
2014	+6.92%	+15.50%
2013	+4.82%	-16.60%
2012	+18.04%	+14.70%
2011	-18.05%	+23.10%
2010	+4.63%	+3.15%
2009	+50.80%	+46.92%
2008	-48.22%	-27.48%
2007	+70.08%	-7.07%
2006	N/A	+13.96%
2005	N/A	+7.55%
2004	N/A	-7.35%
2003	N/A	+10.84%
2002	N/A	+6.78%
2001	N/A	+22.11%

GXC vs LEO Drawdown Comparison

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

The maximum drawdown for LEO was -47.31%, occurring on Oct 10, 2008. Recovery took 671 trading sessions.

The current GXC drawdown is -34.32%. The current LEO drawdown is -17.18%.

Rank	GXC	LEO
#1	-71.97% Oct 31, 2007 - Apr 22, 2015	-47.31% May 7, 2007 - Jan 5, 2010
#2	-60.23% Feb 17, 2021 - Oct 31, 2022	-41.48% Aug 27, 2021 - Oct 25, 2023
#3	-39.71% Apr 27, 2015 - Jul 19, 2017	-30.28% Feb 25, 2020 - Feb 5, 2021
#4	-32.96% Jan 26, 2018 - Jul 8, 2020	-23.62% Jan 8, 2013 - Nov 3, 2015
#5	-16.82% Jul 23, 2007 - Aug 27, 2007	-21.68% Jan 21, 2004 - Sep 7, 2005
#6	-8.76% Oct 17, 2007 - Oct 31, 2007	-19.81% Sep 10, 2010 - Oct 12, 2011
#7	-8.06% Nov 22, 2017 - Jan 2, 2018	-17.32% Aug 1, 2017 - Jul 2, 2019
#8	-7.84% Aug 27, 2007 - Sep 4, 2007	-12.16% Jul 8, 2016 - Jul 11, 2017
#9	-7.45% Sep 1, 2020 - Oct 12, 2020	-11.77% Oct 1, 2002 - Apr 29, 2003
#10	-5.86% Jul 9, 2020 - Aug 24, 2020	-11.61% Jun 12, 2003 - Jan 7, 2004
#11	-5.75% Oct 2, 2007 - Oct 5, 2007	-9.85% Aug 28, 2001 - Dec 31, 2001
#12	-5.60% Jan 25, 2021 - Feb 9, 2021	-8.30% Sep 7, 2005 - Mar 29, 2006
#13	-4.85% Apr 16, 2007 - May 7, 2007	-6.69% Mar 12, 2012 - May 9, 2012
#14	-4.65% May 16, 2007 - Jun 5, 2007	-6.02% Nov 29, 2012 - Jan 8, 2013
#15	-4.58% Nov 27, 2020 - Jan 5, 2021	-5.98% Dec 31, 2001 - Apr 5, 2002

Correlation

Correlation between GXC and LEO is 0.84 which considered as a strong positive correlation - the stocks tend to move together.

0.84

-101

Dividend Comparison (2001 - 2026)

GXC vs LEO dividend yield comparison.

Year	GXC	LEO
2026	0.75%	2.96%
2025	2.40%	4.03%
2024	2.80%	3.77%
2023	3.70%	4.37%
2022	2.67%	5.66%
2021	1.35%	4.84%
2020	1.04%	4.95%
2019	1.60%	4.94%
2018	2.03%	5.96%
2017	1.84%	5.97%
2016	2.05%	6.14%
2015	2.85%	6.04%
2014	2.11%	7.11%
2013	2.29%	7.74%
2012	2.02%	6.16%
2011	2.09%	6.61%
2010	1.25%	7.54%
2009	0.98%	6.32%
2008	1.78%	8.94%
2007	1.39%	6.13%
2006	0.00%	5.03%
2005	0.00%	6.51%
2004	0.00%	7.38%
2003	0.00%	7.32%
2002	0.00%	7.14%
2001	0.00%	5.74%