XCNY vs DEFI
Comparison between SPDR S&P EMERGING MARKETS EX-CHINA ETF (XCNY, ETF) and Hashdex Bitcoin ETF (DEFI, ETF).
XCNY vs DEFI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
XCNY vs DEFI - Holdings Comparison
XCNY and DEFI have 0 common holdings. Overlap is 0.00%
XCNY's top 25 holdings weight is 39.29%. DEFI's top 25 holdings weight is 0.49%.
| Rank | XCNY | DEFI |
|---|---|---|
| #1 | n/a (n/a) - 19.50% | FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 0.49% |
| #2 | MEDIATEK INC (n/a) - 2.85% | N/A |
| #3 | DELTA ELECTRONICS INC (n/a) - 2.23% | N/A |
| #4 | ACCTON TECHNOLOGY CORP (n/a) - 1.53% | N/A |
| #5 | HON HAI PRECISION INDUSTRY CO LTD (n/a) - 1.33% | N/A |
| #6 | RELIANCE INDUSTRIES LTD (n/a) - 1.02% | N/A |
| #7 | HDFC BANK LTD (n/a) - 0.96% | N/A |
| #8 | ASE TECHNOLOGY HOLDING CO LTD (n/a) - 0.93% | N/A |
| #9 | ICICI BANK LTD (n/a) - 0.73% | N/A |
| #10 | VALE SA (n/a) - 0.64% | N/A |
| #11 | UNITED MICROELECTRONICS CORP (n/a) - 0.62% | N/A |
| #12 | UNIMICRON TECHNOLOGY CORP (n/a) - 0.62% | N/A |
| #13 | AL RAJHI BANK (n/a) - 0.58% | N/A |
| #14 | NASPERS LTD CLASS N (n/a) - 0.56% | N/A |
| #15 | BHARTI AIRTEL LTD (n/a) - 0.56% | N/A |
| #16 | n/a (n/a) - 0.55% | N/A |
| #17 | INFOSYS LTD (n/a) - 0.52% | N/A |
| #18 | CREDICORP LTD (BAP) - 0.52% | N/A |
| #19 | CTBC FINANCIAL HOLDING CO LTD (n/a) - 0.46% | N/A |
| #20 | SAUDI ARABIAN OIL CO (n/a) - 0.46% | N/A |
| #21 | n/a (n/a) - 0.46% | N/A |
| #22 | GRUPO MEXICO SAB DE CV CLASS B (n/a) - 0.44% | N/A |
| #23 | CEMEX SAB DE CV (n/a) - 0.44% | N/A |
| #24 | PETROLEO BRASILEIRO SA PETROBRAS (n/a) - 0.39% | N/A |
| #25 | GOLD FIELDS LTD (n/a) - 0.39% | N/A |
| Total Holdings | 1232 | 1 |
XCNY vs DEFI - Historical Returns
Returns include dividend reinvestment.
XCNY vs DEFI - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | XCNY | DEFI |
|---|---|---|
| 2026 | +17.91% | -28.80% |
| 2025 | +19.86% | -10.57% |
| 2024 | -3.51% | +36.09% |
XCNY vs DEFI Drawdown Comparison
The maximum drawdown for XCNY was -19.70%, occurring on Apr 8, 2025. Recovery took 187 trading sessions.
The maximum drawdown for DEFI was -51.95%, occurring on Jun 5, 2026. This drawdown has not yet recovered.
The current XCNY drawdown is -1.05%. The current DEFI drawdown is -48.90%.
| Rank | XCNY | DEFI |
|---|---|---|
| #1 | -19.70% Sep 26, 2024 - Jun 27, 2025 | -51.95% Oct 6, 2025 - Jun 5, 2026 |
| #2 | -11.86% Feb 25, 2026 - Apr 17, 2026 | -28.47% Dec 17, 2024 - May 21, 2025 |
| #3 | -6.02% Jun 2, 2026 - Jun 10, 2026 | -26.06% Apr 8, 2024 - Oct 29, 2024 |
| #4 | -5.42% May 6, 2026 - May 26, 2026 | -12.02% Aug 13, 2025 - Oct 6, 2025 |
| #5 | -3.95% Oct 28, 2025 - Dec 23, 2025 | -8.24% Nov 22, 2024 - Dec 6, 2024 |
| #6 | -3.03% Oct 8, 2025 - Oct 15, 2025 | -7.49% May 22, 2025 - Jul 9, 2025 |
| #7 | -2.83% Jul 23, 2025 - Aug 18, 2025 | -7.49% Oct 29, 2024 - Nov 6, 2024 |
| #8 | -2.52% Jan 28, 2026 - Feb 9, 2026 | -7.21% Mar 28, 2024 - Apr 8, 2024 |
| #9 | -2.22% Aug 18, 2025 - Sep 8, 2025 | -5.81% Jul 14, 2025 - Aug 13, 2025 |
| #10 | -1.99% Apr 17, 2026 - Apr 24, 2026 | -4.87% Dec 6, 2024 - Dec 13, 2024 |
| #11 | -1.93% Jul 3, 2025 - Jul 23, 2025 | -2.35% Nov 13, 2024 - Nov 15, 2024 |
| #12 | -1.83% Feb 11, 2026 - Feb 20, 2026 | N/A |
| #13 | -1.79% Sep 23, 2025 - Oct 6, 2025 | N/A |
| #14 | -1.56% Sep 5, 2024 - Sep 12, 2024 | N/A |
| #15 | -1.56% Apr 24, 2026 - Apr 30, 2026 | N/A |
Correlation
Correlation between XCNY and DEFI is -0.44 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
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