CHIQ vs. CXSE
Compare and contrast key facts about Global X MSCI China Consumer Discretionary ETF (CHIQ) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE).
CHIQ and CXSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CHIQ is a passively managed fund by Global X that tracks the performance of the MSCI China Consumer Discretionary 10/50 Index. It was launched on Nov 30, 2009. 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 CHIQ 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CHIQ or CXSE.
Key characteristics
| CHIQ | CXSE | |
|---|---|---|
| YTD Return | 18.04% | 15.96% |
| 1Y Return | 18.97% | 11.93% |
| 3Y Return (Ann) | -10.30% | -14.97% |
| 5Y Return (Ann) | 3.22% | -2.84% |
| 10Y Return (Ann) | 5.96% | 3.64% |
| Sharpe Ratio | 0.47 | 0.30 |
| Sortino Ratio | 0.93 | 0.70 |
| Omega Ratio | 1.11 | 1.09 |
| Calmar Ratio | 0.26 | 0.14 |
| Martin Ratio | 1.45 | 0.83 |
| Ulcer Index | 11.61% | 12.10% |
| Daily Std Dev | 35.94% | 33.28% |
| Max Drawdown | -67.04% | -70.01% |
| Current Drawdown | -50.81% | -58.29% |
Correlation
The correlation between CHIQ and CXSE is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
CHIQ vs. CXSE - Performance Comparison
In the year-to-date period, CHIQ achieves a 18.04% return, which is significantly higher than CXSE's 15.96% return. Over the past 10 years, CHIQ has outperformed CXSE with an annualized return of 5.96%, while CXSE has yielded a comparatively lower 3.64% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CHIQ vs. CXSE - Expense Ratio Comparison
CHIQ has a 0.65% expense ratio, which is higher than CXSE's 0.32% expense ratio.
Risk-Adjusted Performance
CHIQ vs. CXSE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X MSCI China Consumer Discretionary ETF (CHIQ) 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.
Dividends
CHIQ vs. CXSE - Dividend Comparison
CHIQ's dividend yield for the trailing twelve months is around 2.41%, more than CXSE's 1.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CHIQ Global X MSCI China Consumer Discretionary ETF | 2.41% | 2.26% | 0.38% | 0.00% | 0.11% | 1.04% | 2.71% | 0.62% | 1.51% | 4.86% | 2.08% | 0.94% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 1.02% | 2.29% | 2.75% |
Drawdowns
CHIQ vs. CXSE - Drawdown Comparison
The maximum CHIQ drawdown since its inception was -67.04%, roughly equal to the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for CHIQ and CXSE. For additional features, visit the drawdowns tool.
Volatility
CHIQ vs. CXSE - Volatility Comparison
Global X MSCI China Consumer Discretionary ETF (CHIQ) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE) have volatilities of 13.34% and 12.87%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.