CXSE vs. DRAG

Last updated Jun 4, 2026

CXSE (WisdomTree China ex-State-Owned Enterprises Fund) and DRAG (Roundhill China Dragons ETF) are both China Equities funds. CXSE is passively managed, while DRAG is actively managed. CXSE charges 0.32%/yr vs 0.59%/yr for DRAG.

Performance

CXSE vs. DRAG - Performance Comparison

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

Returns By Period

CXSE

• 1D: -1.05%
• 1M: 0.71%
• YTD: 0.93%
• 6M: 0.61%
• 1Y: 24.36%
• 3Y*: 10.95%
• 5Y*: -8.07%
• 10Y*: 7.43%

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CXSE vs. DRAG - Yearly Performance Comparison

	2026 (YTD)
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-1.22%
DRAG Roundhill China Dragons ETF	0.00%

CXSE vs. DRAG - Sectors Allocation Comparison

Sectors	CXSE	DRAG
Consumer Cyclical	26.2%	72.4%
Technology	22.6%	10.2%
Industrials	16.6%	-
Communication Services	10.1%	17.3%
Healthcare	8.8%	-
Financial Services	6.2%	-
Consumer Defensive	3.9%	-
Basic Materials	3.4%	-
Real Estate	0.9%	-
Energy	0.4%	-
Utilities	0.3%	-

Return for Risk

CXSE vs. DRAG — Risk / Return Rank

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

CXSE

CXSE Risk / Return Rank: 28
CXSE Sharpe Ratio Rank: 31
CXSE Sortino Ratio Rank: 30
CXSE Omega Ratio Rank: 30
CXSE Calmar Ratio Rank: 28
CXSE Martin Ratio Rank: 22

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.

CXSE vs. DRAG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Roundhill China Dragons ETF (DRAG). 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.

	CXSE	DRAG	Difference
Sharpe ratio: Return per unit of total volatility	1.14	—	—
Sortino ratio: Return per unit of downside risk	1.67	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.38	—	—
Martin ratio: Return relative to average drawdown	2.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CXSE	DRAG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.14	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.26	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	—	—

Drawdowns

CXSE vs. DRAG - Drawdown Comparison

The maximum CXSE drawdown since its inception was -70.01%, which is greater than DRAG's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for CXSE and DRAG.

Drawdown Indicators

	CXSE	DRAG	Difference
Max Drawdown Largest peak-to-trough decline	-70.01%	0.00%	-70.01%
Max Drawdown (1Y) Largest decline over 1 year	-17.70%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.12%	—	—
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	-46.01%	0.00%	-46.01%
Average Drawdown Average peak-to-trough decline	-27.83%	0.00%	-27.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.42%	—	—

Volatility

Volatility by Period

	CXSE	DRAG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.54%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.39%	0.00%	+21.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.30%	0.00%	+32.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.70%	0.00%	+28.70%

CXSE vs. DRAG - Expense Ratio Comparison

CXSE has a 0.32% expense ratio, which is lower than DRAG's 0.59% expense ratio.

Dividends

CXSE vs. DRAG - Dividend Comparison

CXSE's dividend yield for the trailing twelve months is around 1.99%, while DRAG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CXSE WisdomTree China ex-State-Owned Enterprises Fund	1.99%	1.95%	1.70%	1.71%	1.55%	0.86%	0.54%	0.96%	1.49%	1.24%	1.39%	2.50%
DRAG Roundhill China Dragons ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, CXSE or DRAG?

On fees, CXSE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CXSE or DRAG?

CXSE is cheaper with a 0.32% expense ratio, compared with 0.59% for DRAG.

Which ETF pays a higher dividend yield, CXSE or DRAG?

CXSE has the higher dividend yield at 1.99%, compared with 0.00% for DRAG.

What is the main difference between CXSE and DRAG?

They also come from different issuers: WisdomTree and Roundhill. Their fees differ too: 0.32% for CXSE and 0.59% for DRAG.