36BZ.DE vs. CXSE

Last updated Apr 3, 2026

Compare and contrast key facts about iShares MSCI China A UCITS ETF (36BZ.DE) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE).

36BZ.DE and CXSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 36BZ.DE is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion. It was launched on Apr 8, 2015. CXSE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree China ex-State-Owned Enterprises Index. It was launched on Sep 19, 2012. Both 36BZ.DE and CXSE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

36BZ.DE vs. CXSE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in iShares MSCI China A UCITS ETF (36BZ.DE) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). The values are adjusted to include any dividend payments, if applicable.

36BZ.DE vs. CXSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
36BZ.DE iShares MSCI China A UCITS ETF	0.18%	10.25%	19.91%	-17.13%	-21.26%	13.41%	28.50%	37.21%	-23.49%	14.90%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-4.25%	20.74%	15.73%	-20.48%	-24.94%	-17.96%	46.25%	41.08%	-25.19%	59.20%

Different Trading Currencies

36BZ.DE is traded in EUR, while CXSE is traded in USD. To make them comparable, the CXSE values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, 36BZ.DE achieves a 0.18% return, which is significantly higher than CXSE's -4.25% return. Over the past 10 years, 36BZ.DE has underperformed CXSE with an annualized return of 4.39%, while CXSE has yielded a comparatively higher 6.37% annualized return.

36BZ.DE

• 1D: -0.56%
• 1M: -1.65%
• YTD: 0.18%
• 6M: 1.00%
• 1Y: 16.97%
• 3Y*: 2.24%
• 5Y*: -1.07%
• 10Y*: 4.39%

CXSE

• 1D: -0.17%
• 1M: 0.52%
• YTD: -4.25%
• 6M: -14.80%
• 1Y: 6.18%
• 3Y*: 2.72%
• 5Y*: -8.99%
• 10Y*: 6.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

36BZ.DE vs. CXSE - Expense Ratio Comparison

36BZ.DE has a 0.40% expense ratio, which is higher than CXSE's 0.32% expense ratio.

36BZ.DE

iShares MSCI China A UCITS ETF

CXSE

WisdomTree China ex-State-Owned Enterprises Fund

Return for Risk

36BZ.DE vs. CXSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

36BZ.DE

36BZ.DE Risk / Return Rank: 60
36BZ.DE Sharpe Ratio Rank: 53
36BZ.DE Sortino Ratio Rank: 48
36BZ.DE Omega Ratio Rank: 47
36BZ.DE Calmar Ratio Rank: 87
36BZ.DE Martin Ratio Rank: 64

CXSE

CXSE Risk / Return Rank: 25
CXSE Sharpe Ratio Rank: 26
CXSE Sortino Ratio Rank: 27
CXSE Omega Ratio Rank: 27
CXSE Calmar Ratio Rank: 25
CXSE Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

36BZ.DE vs. CXSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China A UCITS ETF (36BZ.DE) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	36BZ.DE	CXSE	Difference
Sharpe ratio Return per unit of total volatility	1.00	0.25	+0.76
Sortino ratio Return per unit of downside risk	1.39	0.50	+0.89
Omega ratio Gain probability vs. loss probability	1.20	1.07	+0.13
Calmar ratio Return relative to maximum drawdown	3.15	0.29	+2.86
Martin ratio Return relative to average drawdown	7.55	0.65	+6.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

36BZ.DE vs. CXSE - Sharpe Ratio Comparison

The current 36BZ.DE Sharpe Ratio is 1.00, which is higher than the CXSE Sharpe Ratio of 0.25. The chart below compares the historical Sharpe Ratios of 36BZ.DE and CXSE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	36BZ.DE	CXSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	0.25	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	-0.29	+0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.20	0.23	-0.03
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.21	-0.21

Correlation

The correlation between 36BZ.DE and CXSE is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

36BZ.DE vs. CXSE - Dividend Comparison

36BZ.DE has not paid dividends to shareholders, while CXSE's dividend yield for the trailing twelve months is around 2.13%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
36BZ.DE iShares MSCI China A UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	2.13%	1.95%	1.70%	1.71%	1.55%	0.86%	0.54%	0.96%	1.49%	1.24%	1.39%	2.50%

Drawdowns

36BZ.DE vs. CXSE - Drawdown Comparison

The maximum 36BZ.DE drawdown since its inception was -53.30%, smaller than the maximum CXSE drawdown of -66.54%. Use the drawdown chart below to compare losses from any high point for 36BZ.DE and CXSE.

Drawdown Indicators

	36BZ.DE	CXSE	Difference
Max Drawdown Largest peak-to-trough decline	-53.30%	-70.01%	+16.71%
Max Drawdown (1Y) Largest decline over 1 year	-8.59%	-17.70%	+9.11%
Max Drawdown (5Y) Largest decline over 5 years	-41.94%	-64.47%	+22.53%
Max Drawdown (10Y) Largest decline over 10 years	-43.38%	-70.01%	+26.63%
Current Drawdown Current decline from peak	-18.02%	-49.69%	+31.67%
Average Drawdown Average peak-to-trough decline	-30.47%	-27.60%	-2.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.74%	7.66%	-4.92%

Volatility

36BZ.DE vs. CXSE - Volatility Comparison

The current volatility for iShares MSCI China A UCITS ETF (36BZ.DE) is 4.67%, while WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a volatility of 6.19%. This indicates that 36BZ.DE experiences smaller price fluctuations and is considered to be less risky than CXSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	36BZ.DE	CXSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.67%	6.19%	-1.52%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	15.30%	-3.89%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	25.22%	-8.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.40%	30.87%	-9.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.22%	28.09%	-5.87%