CAS vs. CXSE
CAS (Simplify China A Shares PLUS Income ETF) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both China Equities funds. CAS is actively managed, while CXSE is passively managed. A 0.78 correlation means they provide meaningful diversification when combined. CAS charges 0.88%/yr vs 0.32%/yr for CXSE.
Performance
CAS vs. CXSE - Performance Comparison
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Returns By Period
CAS
- 1D
- -2.90%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CXSE
- 1D
- -2.89%
- 1M
- -2.86%
- YTD
- -3.88%
- 6M
- -5.63%
- 1Y
- 16.48%
- 3Y*
- 10.13%
- 5Y*
- -8.91%
- 10Y*
- 7.05%
CAS vs. CXSE - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
CAS Simplify China A Shares PLUS Income ETF | 0.48% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -3.83% |
Correlation
The correlation between CAS and CXSE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 28, 2026 | 0.78 |
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Return for Risk
CAS vs. CXSE — Risk / Return Rank
CAS
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CXSE
CAS vs. CXSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify China A Shares PLUS Income ETF (CAS) 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.
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.
| CAS | CXSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.15 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.94 | — |
| Martin ratioReturn relative to average drawdown | — | 1.85 | — |
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Drawdowns
CAS vs. CXSE - Drawdown Comparison
The maximum CAS drawdown since its inception was -6.84%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for CAS and CXSE.
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Drawdown Indicators
| CAS | CXSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.84% | -70.01% | +63.17% |
Max Drawdown (1Y)Largest decline over 1 year | — | -17.70% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -32.12% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.01% | — |
Current DrawdownCurrent decline from peak | -2.90% | -48.58% | +45.68% |
Average DrawdownAverage peak-to-trough decline | -2.67% | -27.90% | +25.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 8.91% | — |
Volatility
CAS vs. CXSE - Volatility Comparison
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Volatility by Period
| CAS | CXSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 7.45% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.60% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 28.91% | 21.87% | +7.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.91% | 32.37% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.91% | 28.74% | +0.17% |
CAS vs. CXSE - Expense Ratio Comparison
CAS has a 0.88% expense ratio, which is higher than CXSE's 0.32% expense ratio.
Dividends
CAS vs. CXSE - Dividend Comparison
CAS has not paid dividends to shareholders, while CXSE's dividend yield for the trailing twelve months is around 2.08%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAS Simplify China A Shares PLUS Income 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 | 2.08% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
Frequently Asked Questions
CAS and CXSE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CXSE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CXSE is cheaper with a 0.32% expense ratio, compared with 0.88% for CAS.
CXSE has the higher dividend yield at 2.08%, compared with 0.00% for CAS.
They also come from different issuers: Simplify and WisdomTree. Their fees differ too: 0.88% for CAS and 0.32% for CXSE.
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