CEW vs. NTSX
CEW (WisdomTree Emerging Currency Strategy Fund) and NTSX (WisdomTree U.S. Efficient Core Fund) are both exchange-traded funds - CEW is a Currency fund actively managed by WisdomTree, while NTSX is a Diversified Portfolio fund actively managed by WisdomTree. Both are actively managed. Over the past 5 years, CEW returned 3.05%/yr vs 9.69%/yr for NTSX. At a 0.42 correlation, their price movements are largely independent. CEW charges 0.55%/yr vs 0.20%/yr for NTSX.
Performance
CEW vs. NTSX - Performance Comparison
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Returns By Period
In the year-to-date period, CEW achieves a 2.70% return, which is significantly lower than NTSX's 8.62% return.
CEW
- 1D
- -0.25%
- 1M
- 0.38%
- YTD
- 2.70%
- 6M
- 3.84%
- 1Y
- 8.61%
- 3Y*
- 6.87%
- 5Y*
- 3.05%
- 10Y*
- 2.54%
NTSX
- 1D
- -1.05%
- 1M
- 4.37%
- YTD
- 8.62%
- 6M
- 7.83%
- 1Y
- 25.27%
- 3Y*
- 19.38%
- 5Y*
- 9.69%
- 10Y*
- —
CEW vs. NTSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CEW WisdomTree Emerging Currency Strategy Fund | 2.70% | 14.48% | -0.99% | 9.06% | -1.65% | -6.62% | -0.04% | 4.78% | -1.07% |
NTSX WisdomTree U.S. Efficient Core Fund | 8.62% | 18.82% | 20.20% | 22.70% | -25.84% | 22.21% | 24.87% | 32.03% | -8.72% |
Correlation
The correlation between CEW and NTSX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2018 | 0.43 |
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Return for Risk
CEW vs. NTSX — Risk / Return Rank
CEW
NTSX
CEW vs. NTSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Currency Strategy Fund (CEW) and WisdomTree U.S. Efficient Core Fund (NTSX). 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.
| CEW | NTSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.77 | -0.53 |
| Martin ratioReturn relative to average drawdown | 7.57 | 12.25 | -4.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CEW | NTSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.06 | -0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.57 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.14 | 0.71 | -0.58 |
Drawdowns
CEW vs. NTSX - Drawdown Comparison
The maximum CEW drawdown since its inception was -27.89%, smaller than the maximum NTSX drawdown of -31.34%. Use the drawdown chart below to compare losses from any high point for CEW and NTSX.
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Drawdown Indicators
| CEW | NTSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.89% | -31.34% | +3.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -9.16% | +5.31% |
Max Drawdown (3Y)Largest decline over 3 years | -5.28% | -16.82% | +11.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -31.34% | +16.32% |
Max Drawdown (10Y)Largest decline over 10 years | -17.72% | — | — |
Current DrawdownCurrent decline from peak | -0.93% | -1.05% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -6.79% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.07% | -0.93% |
Volatility
CEW vs. NTSX - Volatility Comparison
The current volatility for WisdomTree Emerging Currency Strategy Fund (CEW) is 1.65%, while WisdomTree U.S. Efficient Core Fund (NTSX) has a volatility of 3.39%. This indicates that CEW experiences smaller price fluctuations and is considered to be less risky than NTSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CEW | NTSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 3.39% | -1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 5.04% | 9.58% | -4.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.23% | 12.31% | -6.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.85% | 17.04% | -10.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.03% | 18.27% | -11.24% |
CEW vs. NTSX - Expense Ratio Comparison
CEW has a 0.55% expense ratio, which is higher than NTSX's 0.20% expense ratio.
Dividends
CEW vs. NTSX - Dividend Comparison
CEW's dividend yield for the trailing twelve months is around 2.41%, more than NTSX's 1.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CEW WisdomTree Emerging Currency Strategy Fund | 2.41% | 2.47% | 5.42% | 2.00% | 0.80% | 0.00% | 0.64% | 1.90% | 1.87% |
NTSX WisdomTree U.S. Efficient Core Fund | 1.08% | 1.14% | 1.14% | 1.21% | 1.36% | 0.82% | 0.92% | 1.42% | 0.62% |
Frequently Asked Questions
CEW and NTSX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTSX has higher volatility (3.39%) compared to CEW (1.65%). In terms of maximum drawdown, CEW dropped -27.89% vs NTSX's -31.34%.
On 5-year performance, NTSX leads with 9.69% vs 3.05% for CEW. On fees, NTSX is cheaper at 0.20% per year. On volatility, CEW has been the lower-risk option at 1.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, NTSX has performed better with a 9.69% return vs 3.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSX is cheaper with a 0.20% expense ratio, compared with 0.55% for CEW.
CEW has the higher dividend yield at 2.41%, compared with 1.08% for NTSX.
CEW is categorized as Currency, while NTSX is Diversified Portfolio. Their fees differ too: 0.55% for CEW and 0.20% for NTSX.
NTSX currently has the higher Sharpe Ratio (2.06 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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