CXSE vs. MAGC
CXSE (WisdomTree China ex-State-Owned Enterprises Fund) and MAGC (Roundhill China Magnificent Seven ETF) are both China Equities funds. CXSE is passively managed, while MAGC is actively managed. Over the past year, CXSE returned 24.36% vs -19.65% for MAGC. Their correlation of 0.86 suggests significant overlap in exposure. CXSE charges 0.32%/yr vs 0.59%/yr for MAGC.
Performance
CXSE vs. MAGC - Performance Comparison
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Returns By Period
In the year-to-date period, CXSE achieves a 0.93% return, which is significantly higher than MAGC's -18.25% 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%
MAGC
- 1D
- -3.41%
- 1M
- -5.47%
- YTD
- -18.25%
- 6M
- -19.75%
- 1Y
- -19.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CXSE vs. MAGC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 0.93% | 37.00% | -17.14% |
MAGC Roundhill China Magnificent Seven ETF | -18.25% | 16.35% | -14.54% |
Correlation
The correlation between CXSE and MAGC is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Oct 4, 2024 | 0.86 |
The correlation between CXSE and MAGC has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
CXSE vs. MAGC — Risk / Return Rank
CXSE
MAGC
CXSE vs. MAGC - 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 Magnificent Seven ETF (MAGC). 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 | MAGC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.89 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.38 | -0.60 | +1.98 |
| Martin ratioReturn relative to average drawdown | 2.90 | -1.15 | +4.05 |
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 | MAGC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | -0.74 | +1.88 |
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 | -0.34 | +0.54 |
Drawdowns
CXSE vs. MAGC - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, which is greater than MAGC's maximum drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for CXSE and MAGC.
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Drawdown Indicators
| CXSE | MAGC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -32.86% | -37.15% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -32.86% | +15.16% |
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 DrawdownCurrent decline from peak | -46.01% | -31.30% | -14.71% |
Average DrawdownAverage peak-to-trough decline | -27.83% | -15.16% | -12.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.42% | 17.09% | -8.67% |
Volatility
CXSE vs. MAGC - Volatility Comparison
The current volatility for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is 7.29%, while Roundhill China Magnificent Seven ETF (MAGC) has a volatility of 11.15%. This indicates that CXSE experiences smaller price fluctuations and is considered to be less risky than MAGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXSE | MAGC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 11.15% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 14.54% | 19.75% | -5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.39% | 26.82% | -5.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.30% | 34.42% | -2.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.70% | 34.42% | -5.72% |
CXSE vs. MAGC - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is lower than MAGC's 0.59% expense ratio.
Dividends
CXSE vs. MAGC - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 1.99%, less than MAGC's 5.02% 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% |
MAGC Roundhill China Magnificent Seven ETF | 5.02% | 4.10% | 1.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CXSE and MAGC have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MAGC has higher volatility (11.15%) compared to CXSE (7.29%). In terms of maximum drawdown, CXSE dropped -70.01% vs MAGC's -32.86%.
On 1-year performance, CXSE leads with 24.36% vs -19.65% for MAGC. On fees, CXSE is cheaper at 0.32% per year. On volatility, CXSE has been the lower-risk option at 7.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, CXSE has performed better with a 24.36% return vs -19.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CXSE is cheaper with a 0.32% expense ratio, compared with 0.59% for MAGC.
MAGC has the higher dividend yield at 5.02%, compared with 1.99% for CXSE.
They also come from different issuers: WisdomTree and Roundhill. Their fees differ too: 0.32% for CXSE and 0.59% for MAGC.
CXSE currently has the higher Sharpe Ratio (1.14 vs -0.74), 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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