CXSE vs. BBSEY

Last updated Aug 5, 2026

CXSE (WisdomTree China ex-State-Owned Enterprises Fund) is China Equities fund tracking the WisdomTree China ex-State-Owned Enterprises Index, while BBSEY (BB Seguridade Participacoes SA) is a stock. Over the past 10 years, CXSE returned 6.52%/yr vs 6.81%/yr for BBSEY. Their 0.20 correlation means their historical movements had little consistent relationship.

Performance

CXSE vs. BBSEY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and BB Seguridade Participacoes SA (BBSEY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CXSE achieves a -2.80% return, which is significantly lower than BBSEY's 30.67% return. Both investments have delivered pretty close results over the past 10 years, with CXSE having a 6.52% annualized return and BBSEY not far ahead at 6.81%.

CXSE

• 1D: 1.60%
• 1M: 3.19%
• 6M: -4.37%
• YTD: -2.80%
• 1Y: 6.79%
• 3Y*: 6.76%
• 5Y*: -6.30%
• 10Y*: 6.52%
• ALL TIME*: 4.89%

BBSEY

• 1D: 0.37%
• 1M: 9.08%
• 6M: 17.85%
• YTD: 30.67%
• 1Y: 50.98%
• 3Y*: 18.72%
• 5Y*: 24.87%
• 10Y*: 6.81%
• ALL TIME*: 5.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BBSEY BB Seguridade Participacoes SA	$1.71M	$1.64M	$1.41M
CXSE WisdomTree China ex-State-Owned Enterprises Fund	$1.94M	$1.25M	$1.09M

CXSE vs. BBSEY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-2.80%	37.00%	8.56%	-18.02%	-29.32%	-23.67%	59.39%	37.96%	-28.55%	81.50%
BBSEY BB Seguridade Participacoes SA	30.67%	28.37%	-11.82%	21.54%	85.71%	-34.45%	-33.93%	44.43%	-8.63%	7.08%

Correlation

The correlation between CXSE and BBSEY is 0.11, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.11
Correlation (3Y) Balances recent behavior with more history.	0.20
Correlation (5Y) Shows whether the relationship held over a longer period.	0.17
Correlation (10Y) Provides a long-term view across more market conditions.	0.19
Correlation (All Time) Calculated using the full available price history since Mar 31, 2014	0.20

Return for Risk

CXSE vs. BBSEY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

CXSE

CXSE Risk / Return Rank: 16
CXSE Sharpe Ratio Rank: 16
CXSE Sortino Ratio Rank: 16
CXSE Omega Ratio Rank: 16
CXSE Calmar Ratio Rank: 16
CXSE Martin Ratio Rank: 15

BBSEY

BBSEY Risk / Return Rank: 80
BBSEY Sharpe Ratio Rank: 79
BBSEY Sortino Ratio Rank: 75
BBSEY Omega Ratio Rank: 74
BBSEY Calmar Ratio Rank: 85
BBSEY Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CXSE vs. BBSEY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and BB Seguridade Participacoes SA (BBSEY). 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.

	CXSE	BBSEY	Difference
Sharpe ratio: Return per unit of total volatility	0.30	1.23	-0.93
Sortino ratio: Return per unit of downside risk	0.57	1.80	-1.23
Omega ratio: Gain probability vs. loss probability	1.07	1.23	-0.16
Calmar ratio: Return relative to maximum drawdown	0.39	2.95	-2.56
Martin ratio: Return relative to average drawdown	0.67	7.93	-7.26

CXSE vs. BBSEY - Sharpe Ratio Comparison

The current CXSE Sharpe Ratio is 0.30, which is lower than the BBSEY Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of CXSE and BBSEY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CXSE vs. BBSEY - Drawdown Comparison

The maximum CXSE drawdown since its inception was -70.01%, which is greater than BBSEY's maximum drawdown of -66.26%. Use the drawdown chart below to compare losses from any high point for CXSE and BBSEY.

Drawdown Indicators

	CXSE	BBSEY	Difference
Max Drawdown Largest peak-to-trough decline	-70.01%	-66.26%	-3.75%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	-17.39%	-0.31%
Max Drawdown (3Y) Largest decline over 3 years	-29.83%	-24.40%	-5.43%
Max Drawdown (5Y) Largest decline over 5 years	-58.68%	-24.40%	-34.28%
Max Drawdown (10Y) Largest decline over 10 years	-70.01%	-59.41%	-10.60%
Current Drawdown Current decline from peak	-48.00%	-4.44%	-43.56%
Average Drawdown Average peak-to-trough decline	-28.07%	-31.45%	+3.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.22%	6.45%	+3.77%

Volatility

CXSE vs. BBSEY - Volatility Comparison

The current volatility for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is 7.12%, while BB Seguridade Participacoes SA (BBSEY) has a volatility of 8.10%. This indicates that CXSE experiences smaller price fluctuations and is considered to be less risky than BBSEY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CXSE	BBSEY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	8.10%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	16.20%	33.48%	-17.28%
Volatility (1Y) Calculated over the trailing 1-year period	22.58%	41.70%	-19.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.02%	37.57%	-5.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.80%	40.84%	-12.04%

Dividends

CXSE vs. BBSEY - Dividend Comparison

CXSE's dividend yield for the trailing twelve months is around 1.49%, less than BBSEY's 10.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBSEY BB Seguridade Participacoes SA	10.33%	11.19%	4.13%	10.00%	6.19%	4.52%	15.23%	3.96%	10.63%	5.74%	12.26%	4.08%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	1.49%	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

Can I hold both CXSE and BBSEY in my portfolio?

CXSE and BBSEY have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CXSE or BBSEY?

BBSEY has higher volatility (8.10%) compared to CXSE (7.12%). In terms of maximum drawdown, CXSE dropped -70.01% vs BBSEY's -66.26%.

Which has better risk-adjusted returns?

BBSEY currently has the higher Sharpe Ratio (1.23 vs 0.30), 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.