- ISIN
- US97717W1339
- CUSIP
- 97717W133
- Issuer
- WisdomTree
- Inception Date
- May 6, 2009
- Region
- Emerging Markets (Broad)
- Category
- Currency
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Currency
- Assets Under Management
- $16M
Highlights
- Avg. Volume (1M)
- 9K
- Avg. Volume Value (1M)
- $171.66K
Share Price Chart
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Performance
CEW Performance Chart
WisdomTree Emerging Currency Strategy Fund (CEW) is up 4.2% since the beginning of the year. CEW is currently trading at $20 per share. Investors who bought $1,000 worth of CEW shares 5 years ago would now be looking at an investment worth $1,215.
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Returns By Period
WisdomTree Emerging Currency Strategy Fund (CEW) has returned 4.20% so far this year and 9.10% over the past 12 months. Over the last ten years, CEW has returned 2.43% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
WisdomTree Emerging Currency Strategy Fund
- 1D
- -0.19%
- 1M
- 1.82%
- 6M
- 2.23%
- YTD
- 4.20%
- 1Y
- 9.10%
- 3Y*
- 6.70%
- 5Y*
- 3.97%
- 10Y*
- 2.43%
- ALL TIME*
- 1.12%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
CEW Monthly Returns History
Based on dividend-adjusted daily data since Jun 2, 2009, CEW's average daily return is +0.01%, while the average monthly return is +0.12%. At this rate, an investment would double in approximately 48.2 years.
Historically, 56% of months were positive and 44% were negative. The best month was Mar 2016 with a return of +6.3%, while the worst month was Sep 2011 at -9.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CEW closed higher 51% of trading days. The best single day was May 10, 2010 with a return of +2.4%, while the worst single day was Feb 28, 2022 at -2.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.93% | 1.08% | -2.54% | 2.13% | 0.37% | -0.70% | 1.95% | 4.20% | |||||
| 2025 | 2.00% | 0.75% | 1.10% | 2.64% | 1.66% | 1.95% | -1.73% | 1.71% | 0.71% | 1.00% | 0.54% | 1.33% | 14.48% |
| 2024 | -1.82% | -0.02% | 0.40% | -0.45% | 1.42% | -1.08% | 1.43% | 1.93% | 2.23% | -2.61% | -0.82% | -1.46% | -0.99% |
| 2023 | 3.41% | -2.21% | 2.73% | 0.04% | -1.50% | 2.26% | 2.01% | -1.94% | -1.33% | 0.37% | 2.89% | 2.21% | 9.06% |
| 2022 | 1.11% | -2.51% | 4.44% | -4.08% | 0.84% | -3.36% | -0.72% | -0.45% | -3.32% | 0.36% | 4.98% | 1.53% | -1.65% |
| 2021 | -1.33% | -0.80% | -1.10% | 1.22% | 1.52% | -0.95% | -1.15% | 1.03% | -2.22% | -0.09% | -3.54% | 0.73% | -6.62% |
Benchmark Metrics
WisdomTree Emerging Currency Strategy Fund has an annualized alpha of -1.60%, beta of 0.22, and R2 of 0.26 versus S&P 500 Index. Calculated based on daily prices since June 02, 2009.
- This ETF participated in 42.97% of S&P 500 Index downside but only 21.20% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.22 may look defensive, but with R2 of 0.26 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.26 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -1.60%
- Beta
- 0.22
- R²
- 0.26
- Upside Capture
- 21.20%
- Downside Capture
- 42.97%
Expense Ratio
CEW has an expense ratio of 0.55%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CEW ranks 68 for risk / return — above 68% of ETFs peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for WisdomTree Emerging Currency Strategy Fund (CEW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CEW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.25 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 2.00 | +0.55 |
| Martin ratioReturn relative to average drawdown | 8.40 | 8.49 | -0.09 |
Dividends
Dividend History
WisdomTree Emerging Currency Strategy Fund provided a 2.37% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.47 | $0.92 | $0.36 | $0.13 | $0.00 | $0.12 | $0.35 | $0.34 |
Dividend yield | 2.37% | 2.47% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% |
Monthly Dividends
The table displays the monthly dividend distributions for WisdomTree Emerging Currency Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.92 | $0.92 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.13 | $0.13 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the WisdomTree Emerging Currency Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the WisdomTree Emerging Currency Strategy Fund was 27.89%, occurring on Jan 20, 2016. Recovery took 2518 trading sessions.
The current WisdomTree Emerging Currency Strategy Fund drawdown is 0.19%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-27.89%Jan 2016 | 4y 8mo | 10y 9d | 14y 9moMay 2011 - Jan 2026 | — |
-7.20%Jun 2010 | 1mo 22d | 3mo 16d | 5mo 8dApr 2010 - Sep 2010 | — |
-4.32%Feb 2010 | 24d | 2mo 3d | 2mo 27dJan 2010 - Apr 2010 | — |
-3.87%Nov 2010 | 25d | 3mo 24d | 4mo 19dNov 2010 - Mar 2011 | — |
-3.85%Mar 2026 | 1mo 2d | 2mo 17d | 3mo 19dFeb 2026 - Jun 2026 | — |
Drawdown Indicators
| CEW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.89% | -56.78% | +28.89% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -9.10% | +5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -18.90% | +13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -13.45% | -25.43% | +11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -17.72% | -33.92% | +16.20% |
Current DrawdownCurrent decline from peak | -0.19% | -1.58% | +1.39% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -10.70% | -2.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 2.14% | -0.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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