CXSE vs. MCHI
Compare and contrast key facts about WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and iShares MSCI China ETF (MCHI).
CXSE and MCHI 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. MCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Index. It was launched on Mar 29, 2011. Both CXSE and MCHI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CXSE or MCHI.
Key characteristics
| CXSE | MCHI | |
|---|---|---|
| YTD Return | 15.96% | 21.93% |
| 1Y Return | 11.93% | 19.48% |
| 3Y Return (Ann) | -14.97% | -7.99% |
| 5Y Return (Ann) | -2.84% | -2.45% |
| 10Y Return (Ann) | 3.64% | 1.92% |
| Sharpe Ratio | 0.30 | 0.57 |
| Sortino Ratio | 0.70 | 1.04 |
| Omega Ratio | 1.09 | 1.13 |
| Calmar Ratio | 0.14 | 0.30 |
| Martin Ratio | 0.83 | 1.73 |
| Ulcer Index | 12.10% | 10.37% |
| Daily Std Dev | 33.28% | 31.20% |
| Max Drawdown | -70.01% | -62.84% |
| Current Drawdown | -58.29% | -45.54% |
Correlation
The correlation between CXSE and MCHI is 0.87, 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.
Performance
CXSE vs. MCHI - Performance Comparison
In the year-to-date period, CXSE achieves a 15.96% return, which is significantly lower than MCHI's 21.93% return. Over the past 10 years, CXSE has outperformed MCHI with an annualized return of 3.64%, while MCHI has yielded a comparatively lower 1.92% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CXSE vs. MCHI - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is lower than MCHI's 0.59% expense ratio.
Risk-Adjusted Performance
CXSE vs. MCHI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and iShares MSCI China ETF (MCHI). 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.
Dividends
CXSE vs. MCHI - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 1.70%, less than MCHI's 2.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 1.02% | 2.29% | 2.75% |
MCHI iShares MSCI China ETF | 2.40% | 3.49% | 2.16% | 1.04% | 1.04% | 1.45% | 1.60% | 1.56% | 1.66% | 2.76% | 2.35% | 2.37% |
Drawdowns
CXSE vs. MCHI - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for CXSE and MCHI. For additional features, visit the drawdowns tool.
Volatility
CXSE vs. MCHI - Volatility Comparison
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a higher volatility of 12.87% compared to iShares MSCI China ETF (MCHI) at 12.01%. This indicates that CXSE's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.