CXSE vs. KJD
CXSE (WisdomTree China ex-State-Owned Enterprises Fund) and KJD (KraneShares 2X Long JD Daily ETF) are both China Equities funds. CXSE is passively managed, while KJD is actively managed. Their 0.52 correlation means they have sometimes moved together and sometimes differently. CXSE charges 0.32%/yr vs 1.26%/yr for KJD.
Performance
CXSE vs. KJD - Performance Comparison
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Returns By Period
In the year-to-date period, CXSE achieves a -2.80% return, which is significantly lower than KJD's 23.81% return.
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%
KJD
- 1D
- -0.45%
- 1M
- 50.22%
- 6M
- 32.20%
- YTD
- 23.81%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.94M | $1.25M | $1.09M | |
| $79.86K | $58.23K | $79.60K |
CXSE vs. KJD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -2.80% | -2.43% |
KJD KraneShares 2X Long JD Daily ETF | 23.81% | -28.21% |
Correlation
The correlation between CXSE and KJD is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 15, 2025 | 0.52 |
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Return for Risk
CXSE vs. KJD — Risk / Return Rank
CXSE
KJD
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
CXSE vs. KJD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and KraneShares 2X Long JD Daily ETF (KJD). 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 | KJD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.07 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | — | — |
| Martin ratioReturn relative to average drawdown | 0.67 | — | — |
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Drawdowns
CXSE vs. KJD - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, which is greater than KJD's maximum drawdown of -50.81%. Use the drawdown chart below to compare losses from any high point for CXSE and KJD.
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Drawdown Indicators
| CXSE | KJD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -50.81% | -19.20% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -29.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -58.68% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -70.01% | — | — |
Current DrawdownCurrent decline from peak | -48.00% | -17.31% | -30.69% |
Average DrawdownAverage peak-to-trough decline | -28.07% | -29.98% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.22% | — | — |
Volatility
CXSE vs. KJD - Volatility Comparison
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Volatility by Period
| CXSE | KJD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.12% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.20% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 22.58% | 60.65% | -38.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.02% | 60.65% | -28.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.80% | 60.65% | -31.85% |
CXSE vs. KJD - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is lower than KJD's 1.26% expense ratio.
Dividends
CXSE vs. KJD - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 1.49%, while KJD 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 | 1.49% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
KJD KraneShares 2X Long JD Daily 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
CXSE and KJD have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
CXSE is cheaper with a 0.32% expense ratio, compared with 1.26% for KJD.
CXSE has the higher dividend yield at 1.49%, compared with 0.00% for KJD.
They also come from different issuers: WisdomTree and KraneShares. Their fees differ too: 0.32% for CXSE and 1.26% for KJD.
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