CN vs. CXSE

Last updated Apr 2, 2026

Compare and contrast key facts about Xtrackers MSCI All China Equity ETF (CN) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE).

CN and CXSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CN is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI China All Shares. It was launched on Apr 30, 2014. 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 CN 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

CN vs. CXSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All China Equity ETF (CN) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). The values are adjusted to include any dividend payments, if applicable.

CN vs. CXSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	-3.10%	-11.87%	-23.85%	-12.74%	31.55%	26.79%	-22.41%	43.69%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-5.37%	37.00%	8.56%	-18.02%	-29.32%	-23.67%	59.39%	37.96%	-28.55%	81.50%

Returns By Period

CN

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

CXSE

• 1D: 0.30%
• 1M: -3.35%
• YTD: -5.37%
• 6M: -14.60%
• 1Y: 13.26%
• 3Y*: 4.84%
• 5Y*: -9.25%
• 10Y*: 6.57%

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

CN vs. CXSE - Expense Ratio Comparison

CN has a 0.50% expense ratio, which is higher than CXSE's 0.32% expense ratio.

CN

Xtrackers MSCI All China Equity ETF

CXSE

WisdomTree China ex-State-Owned Enterprises Fund

Return for Risk

CN vs. CXSE — Risk / Return Rank

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

CXSE

CXSE Risk / Return Rank: 27
CXSE Sharpe Ratio Rank: 28
CXSE Sortino Ratio Rank: 28
CXSE Omega Ratio Rank: 28
CXSE Calmar Ratio Rank: 30
CXSE Martin Ratio Rank: 24

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.

CN vs. CXSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All China Equity ETF (CN) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CN	CXSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.53	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.18	—

Correlation

The correlation between CN and CXSE is 0.76, 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.

Dividends

CN vs. CXSE - Dividend Comparison

CN has not paid dividends to shareholders, while CXSE's dividend yield for the trailing twelve months is around 2.12%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CN Xtrackers MSCI All China Equity ETF	0.00%	0.00%	0.00%	4.04%	1.80%	2.00%	0.78%	4.18%	2.09%	0.81%	11.41%	14.00%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	2.12%	1.95%	1.70%	1.71%	1.55%	0.86%	0.54%	0.96%	1.49%	1.24%	1.39%	2.50%

Drawdowns

Drawdown Indicators

	CN	CXSE	Difference
Max Drawdown Largest peak-to-trough decline	—	-70.01%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-64.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.01%	—
Current Drawdown Current decline from peak	—	-49.38%	—
Average Drawdown Average peak-to-trough decline	—	-27.59%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	7.64%	—

Volatility

Volatility by Period

	CN	CXSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.47%	—
Volatility (6M) Calculated over the trailing 6-month period	—	15.27%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.92%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	32.28%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	28.64%	—