- ISIN
- US97717X7194
- CUSIP
- 97717X719
- Issuer
- WisdomTree
- Inception Date
- Sep 19, 2012
- Region
- Emerging Asia Pacific (China)
- Category
- China Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- WisdomTree China ex-State-Owned Enterprises Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $523M
Share Price Chart
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Performance
CXSE Performance Chart
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is down 2.9% since the beginning of the year. CXSE is currently trading at $39 per share. Investors who bought $1,000 worth of CXSE shares 5 years ago would now be looking at an investment worth $647.
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Returns By Period
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has returned -2.87% so far this year and 16.70% over the past 12 months. Over the last ten years, CXSE has returned 7.34% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
WisdomTree China ex-State-Owned Enterprises Fund
- 1D
- -1.01%
- 1M
- -2.59%
- YTD
- -2.87%
- 6M
- -2.68%
- 1Y
- 16.70%
- 3Y*
- 7.56%
- 5Y*
- -8.33%
- 10Y*
- 7.34%
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
CXSE Monthly Returns History
Based on dividend-adjusted daily data since Sep 20, 2012, CXSE's average daily return is +0.03%, while the average monthly return is +0.65%. At this rate, an investment would double in approximately 8.9 years.
Historically, 54% of months were positive and 46% were negative. The best month was Nov 2022 with a return of +28.9%, while the worst month was Sep 2022 at -15.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.
On a daily basis, CXSE closed higher 48% of trading days. The best single day was Mar 16, 2022 with a return of +21.7%, while the worst single day was Aug 24, 2015 at -11.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.94% | -4.03% | -4.51% | 6.42% | -1.04% | -2.24% | -2.87% | ||||||
| 2025 | 2.68% | 8.96% | 1.82% | -5.67% | 2.18% | 5.84% | 7.58% | 10.38% | 9.45% | -5.04% | -3.41% | -1.12% | 37.00% |
| 2024 | -14.85% | 9.22% | 1.23% | 3.79% | 2.85% | -4.81% | -0.53% | -0.45% | 26.77% | -3.50% | -3.88% | -2.55% | 8.56% |
| 2023 | 13.50% | -13.09% | 1.49% | -5.18% | -9.73% | 3.84% | 13.14% | -10.12% | -4.77% | -2.74% | -0.35% | -1.85% | -18.02% |
| 2022 | -3.13% | -6.40% | -11.18% | -6.93% | 4.06% | 10.73% | -10.97% | -0.84% | -15.84% | -15.29% | 28.86% | 0.91% | -29.32% |
| 2021 | 8.52% | -0.50% | -8.21% | 1.67% | -0.66% | 2.75% | -14.54% | -2.57% | -4.51% | 3.82% | -5.39% | -4.97% | -23.67% |
Benchmark Metrics
WisdomTree China ex-State-Owned Enterprises Fund has an annualized alpha of -1.52%, beta of 0.76, and R2 of 0.22 versus S&P 500 Index. Calculated based on daily prices since September 20, 2012.
- This ETF participated in 80.20% of S&P 500 Index downside but only 55.51% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.22 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
- -1.52%
- Beta
- 0.76
- R²
- 0.22
- Upside Capture
- 55.51%
- Downside Capture
- 80.20%
Expense Ratio
CXSE has an expense ratio of 0.32%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CXSE ranks 21 for risk / return — below 21% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) 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.
| CXSE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.17 | ||
| Sortino ratioReturn per unit of downside risk | -1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.35 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.65 | -1.70 |
| Martin ratioReturn relative to average drawdown | 1.90 | 11.88 | -9.98 |
Dividends
Dividend History
WisdomTree China ex-State-Owned Enterprises Fund provided a 2.06% dividend yield over the last twelve months, with an annual payout of $0.80 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.78 | $0.51 | $0.48 | $0.54 | $0.43 | $0.36 | $0.40 | $0.45 | $0.53 | $0.34 | $0.61 |
Dividend yield | 2.06% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
Monthly Dividends
The table displays the monthly dividend distributions for WisdomTree China ex-State-Owned Enterprises 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 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.33 | $0.78 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.29 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.09 | $0.51 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.48 |
| 2022 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.04 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.04 | $0.43 |
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 China ex-State-Owned Enterprises 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 China ex-State-Owned Enterprises Fund was 70.01%, occurring on Feb 2, 2024. The portfolio has not yet recovered.
The current WisdomTree China ex-State-Owned Enterprises Fund drawdown is 48.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -70.01%Feb 2024 | 2y 11mo | — | 5y 4moFeb 2021 - now |
2015 bear market2015 | -41.23%Aug 2015 | 3mo 28d | 1y 9mo | 2y 25dApr 2015 - May 2017 |
2019 bear market2019 | -38.59%Jan 2019 | 11mo 9d | 1y 5mo | 2y 4moJan 2018 - Jun 2020 |
2013 bear market2013 | -22.23%Jun 2013 | 5mo 14d | 1y 1mo | 1y 6moJan 2013 - Jul 2014 |
2014 correction2014 | -12.02%Oct 2014 | 1mo 10d | 5mo 23d | 7mo 3dSep 2014 - Apr 2015 |
Drawdown Indicators
| CXSE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -56.78% | -13.23% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -9.10% | -8.60% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -18.90% | -13.22% |
Max Drawdown (5Y)Largest decline over 5 years | -64.47% | -25.43% | -39.04% |
Max Drawdown (10Y)Largest decline over 10 years | -70.01% | -33.92% | -36.09% |
Current DrawdownCurrent decline from peak | -48.04% | -2.49% | -45.55% |
Average DrawdownAverage peak-to-trough decline | -27.88% | -10.72% | -17.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.80% | 2.03% | +6.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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