CXSE vs. GDE
CXSE (WisdomTree China ex-State-Owned Enterprises Fund) and GDE (WisdomTree Efficient Gold Plus Equity Strategy Fund) are both exchange-traded funds - CXSE is a China Equities fund tracking the WisdomTree China ex-State-Owned Enterprises Index, while GDE is a Gold fund actively managed by WisdomTree. CXSE is passively managed, while GDE is actively managed. Over the past 3 years, CXSE returned 10.95%/yr vs 46.68%/yr for GDE. At a 0.38 correlation, their price movements are largely independent. CXSE charges 0.32%/yr vs 0.20%/yr for GDE.
Performance
CXSE vs. GDE - Performance Comparison
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Returns By Period
In the year-to-date period, CXSE achieves a 0.93% return, which is significantly lower than GDE's 9.79% return.
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%
GDE
- 1D
- -1.35%
- 1M
- 1.88%
- YTD
- 9.79%
- 6M
- 11.87%
- 1Y
- 53.13%
- 3Y*
- 46.68%
- 5Y*
- —
- 10Y*
- —
CXSE vs. GDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 0.93% | 37.00% | 8.56% | -18.02% | -12.96% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 9.79% | 73.76% | 44.79% | 33.85% | -18.67% |
Correlation
The correlation between CXSE and GDE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.38 |
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Return for Risk
CXSE vs. GDE — Risk / Return Rank
CXSE
GDE
CXSE vs. GDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE). 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 | GDE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.34 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | 2.36 | -0.97 |
| Martin ratioReturn relative to average drawdown | 2.90 | 7.34 | -4.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| CXSE | GDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 1.88 | -0.74 |
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 | 1.15 | -0.96 |
Drawdowns
CXSE vs. GDE - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, which is greater than GDE's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for CXSE and GDE.
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Drawdown Indicators
| CXSE | GDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -32.01% | -38.00% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -22.66% | +4.96% |
Max Drawdown (3Y)Largest decline over 3 years | -32.12% | -22.66% | -9.46% |
Max Drawdown (5Y)Largest decline over 5 years | -64.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.01% | — | — |
Current DrawdownCurrent decline from peak | -46.01% | -11.17% | -34.84% |
Average DrawdownAverage peak-to-trough decline | -27.83% | -7.88% | -19.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 7.26% | +1.16% |
Volatility
CXSE vs. GDE - Volatility Comparison
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a higher volatility of 7.29% compared to WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) at 6.65%. This indicates that CXSE's price experiences larger fluctuations and is considered to be riskier than GDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXSE | GDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 6.65% | +0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 24.24% | -9.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 28.39% | -7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.30% | 26.12% | +6.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.70% | 26.12% | +2.58% |
CXSE vs. GDE - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is higher than GDE's 0.20% expense ratio.
Dividends
CXSE vs. GDE - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 1.99%, less than GDE's 3.94% yield.
| 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% |
GDE WisdomTree Efficient Gold Plus Equity Strategy Fund | 3.94% | 4.32% | 7.14% | 2.22% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CXSE and GDE have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CXSE has higher volatility (7.29%) compared to GDE (6.65%). In terms of maximum drawdown, CXSE dropped -70.01% vs GDE's -32.01%.
On 3-year performance, GDE leads with 46.68% vs 10.95% for CXSE. On fees, GDE is cheaper at 0.20% per year. On volatility, GDE has been the lower-risk option at 6.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, GDE has performed better with a 46.68% return vs 10.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GDE is cheaper with a 0.20% expense ratio, compared with 0.32% for CXSE.
GDE has the higher dividend yield at 3.94%, compared with 1.99% for CXSE.
CXSE is categorized as China Equities, while GDE is Gold. Their fees differ too: 0.32% for CXSE and 0.20% for GDE.
GDE currently has the higher Sharpe Ratio (1.88 vs 1.14), 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.
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