CXSE vs. KWEB
Compare and contrast key facts about WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and KraneShares CSI China Internet ETF (KWEB).
CXSE and KWEB 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. KWEB is a passively managed fund by CICC that tracks the performance of the CSI Overseas China Internet. It was launched on Jul 31, 2013. Both CXSE and KWEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CXSE vs. KWEB - Performance Comparison
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CXSE vs. KWEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -5.37% | 37.00% | 8.56% | -18.02% | -29.32% | -23.67% | 59.39% | 37.96% | -28.55% | 81.50% |
KWEB KraneShares CSI China Internet ETF | -16.89% | 23.55% | 12.01% | -9.06% | -17.24% | -49.01% | 58.23% | 29.92% | -33.80% | 69.73% |
Returns By Period
In the year-to-date period, CXSE achieves a -5.37% return, which is significantly higher than KWEB's -16.89% return.
CXSE
- 1D
- 0.30%
- 1M
- -3.35%
- YTD
- -5.37%
- 6M
- -14.60%
- 1Y
- 13.26%
- 3Y*
- 4.84%
- 5Y*
- -9.25%
- 10Y*
- 6.57%
KWEB
- 1D
- -0.46%
- 1M
- -7.67%
- YTD
- -16.89%
- 6M
- -29.25%
- 1Y
- -14.27%
- 3Y*
- 0.43%
- 5Y*
- -15.48%
- 10Y*
- -0.00%
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CXSE vs. KWEB - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is lower than KWEB's 0.76% expense ratio.
Return for Risk
CXSE vs. KWEB — Risk / Return Rank
CXSE
KWEB
CXSE vs. KWEB - 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 CSI China Internet ETF (KWEB). 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 | KWEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | -0.48 | +1.02 |
Sortino ratioReturn per unit of downside risk | 0.86 | -0.52 | +1.38 |
Omega ratioGain probability vs. loss probability | 1.12 | 0.94 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | -0.45 | +1.21 |
Martin ratioReturn relative to average drawdown | 1.80 | -1.15 | +2.95 |
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 | KWEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | -0.48 | +1.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | -0.33 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | -0.00 | +0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.07 | +0.11 |
Correlation
The correlation between CXSE and KWEB is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
CXSE vs. KWEB - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 2.12%, less than KWEB's 7.41% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 2.12% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
KWEB KraneShares CSI China Internet ETF | 7.41% | 6.16% | 3.51% | 1.71% | 0.00% | 7.07% | 0.29% | 0.08% | 3.40% | 0.58% | 1.19% | 0.46% |
Drawdowns
CXSE vs. KWEB - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, smaller than the maximum KWEB drawdown of -80.92%. Use the drawdown chart below to compare losses from any high point for CXSE and KWEB.
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Drawdown Indicators
| CXSE | KWEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -80.92% | +10.91% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -31.36% | +13.66% |
Max Drawdown (5Y)Largest decline over 5 years | -64.47% | -75.23% | +10.76% |
Max Drawdown (10Y)Largest decline over 10 years | -70.01% | -80.92% | +10.91% |
Current DrawdownCurrent decline from peak | -49.38% | -67.27% | +17.89% |
Average DrawdownAverage peak-to-trough decline | -27.59% | -34.81% | +7.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 12.20% | -4.56% |
Volatility
CXSE vs. KWEB - Volatility Comparison
The current volatility for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is 6.47%, while KraneShares CSI China Internet ETF (KWEB) has a volatility of 8.58%. This indicates that CXSE experiences smaller price fluctuations and is considered to be less risky than KWEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXSE | KWEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 8.58% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 19.06% | -3.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 29.53% | -4.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.28% | 47.62% | -15.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.64% | 39.87% | -11.23% |