CXSE vs. CNXT
Compare and contrast key facts about WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT).
CXSE and CNXT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CNXT is a passively managed fund by VanEck that tracks the performance of the SME-ChiNext 100 Index. It was launched on Jul 24, 2014. Both CXSE and CNXT 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: CXSE or CNXT.
Key characteristics
| CXSE | CNXT | |
|---|---|---|
| YTD Return | 15.96% | 20.72% |
| 1Y Return | 11.93% | 16.44% |
| 3Y Return (Ann) | -14.97% | -15.75% |
| 5Y Return (Ann) | -2.84% | 2.50% |
| 10Y Return (Ann) | 3.64% | 1.37% |
| Sharpe Ratio | 0.30 | 0.30 |
| Sortino Ratio | 0.70 | 0.88 |
| Omega Ratio | 1.09 | 1.13 |
| Calmar Ratio | 0.14 | 0.23 |
| Martin Ratio | 0.83 | 0.95 |
| Ulcer Index | 12.10% | 16.44% |
| Daily Std Dev | 33.28% | 51.78% |
| Max Drawdown | -70.01% | -68.98% |
| Current Drawdown | -58.29% | -50.60% |
Correlation
The correlation between CXSE and CNXT is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CXSE vs. CNXT - Performance Comparison
In the year-to-date period, CXSE achieves a 15.96% return, which is significantly lower than CNXT's 20.72% return. Over the past 10 years, CXSE has outperformed CNXT with an annualized return of 3.64%, while CNXT has yielded a comparatively lower 1.37% 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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CXSE vs. CNXT - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is lower than CNXT's 0.65% expense ratio.
Risk-Adjusted Performance
CXSE vs. CNXT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT). 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
CXSE vs. CNXT - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 1.70%, while CNXT has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
CNXT VanEck Vectors ChinaAMC SME-ChiNext ETF | 0.00% | 0.00% | 0.00% | 9.23% | 0.01% | 0.45% | 0.00% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CXSE vs. CNXT - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, roughly equal to the maximum CNXT drawdown of -68.98%. Use the drawdown chart below to compare losses from any high point for CXSE and CNXT. For additional features, visit the drawdowns tool.
Volatility
CXSE vs. CNXT - Volatility Comparison
The current volatility for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is 12.87%, while VanEck Vectors ChinaAMC SME-ChiNext ETF (CNXT) has a volatility of 20.48%. This indicates that CXSE experiences smaller price fluctuations and is considered to be less risky than CNXT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.