CXSE vs. MCSMX
Compare and contrast key facts about WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Matthews China Small Companies Fund (MCSMX).
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. MCSMX is managed by Matthews. It was launched on May 30, 2011.
Performance
CXSE vs. MCSMX - Performance Comparison
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CXSE vs. MCSMX - 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% |
MCSMX Matthews China Small Companies Fund | 9.70% | 28.85% | 2.82% | -17.50% | -31.25% | 6.71% | 82.73% | 35.41% | -17.65% | 53.71% |
Returns By Period
In the year-to-date period, CXSE achieves a -5.37% return, which is significantly lower than MCSMX's 9.70% return. Over the past 10 years, CXSE has underperformed MCSMX with an annualized return of 6.57%, while MCSMX has yielded a comparatively higher 11.14% annualized 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%
MCSMX
- 1D
- -0.87%
- 1M
- -12.11%
- YTD
- 9.70%
- 6M
- 4.86%
- 1Y
- 30.70%
- 3Y*
- 6.14%
- 5Y*
- -3.15%
- 10Y*
- 11.14%
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CXSE vs. MCSMX - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is lower than MCSMX's 1.41% expense ratio.
Return for Risk
CXSE vs. MCSMX — Risk / Return Rank
CXSE
MCSMX
CXSE vs. MCSMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Matthews China Small Companies Fund (MCSMX). 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 | MCSMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.53 | 1.45 | -0.91 |
Sortino ratioReturn per unit of downside risk | 0.86 | 1.90 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.28 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 1.43 | -0.66 |
Martin ratioReturn relative to average drawdown | 1.80 | 4.89 | -3.09 |
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 | MCSMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.53 | 1.45 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | -0.13 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.51 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.34 | -0.16 |
Correlation
The correlation between CXSE and MCSMX is 0.71, 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. MCSMX - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 2.12%, more than MCSMX's 2.03% 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% |
MCSMX Matthews China Small Companies Fund | 2.03% | 2.23% | 1.35% | 2.36% | 1.78% | 26.38% | 16.98% | 1.03% | 2.25% | 5.66% | 4.79% | 8.88% |
Drawdowns
CXSE vs. MCSMX - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, which is greater than MCSMX's maximum drawdown of -55.77%. Use the drawdown chart below to compare losses from any high point for CXSE and MCSMX.
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Drawdown Indicators
| CXSE | MCSMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -55.77% | -14.24% |
Max Drawdown (1Y)Largest decline over 1 year | -17.70% | -15.69% | -2.01% |
Max Drawdown (5Y)Largest decline over 5 years | -64.47% | -53.98% | -10.49% |
Max Drawdown (10Y)Largest decline over 10 years | -70.01% | -55.77% | -14.24% |
Current DrawdownCurrent decline from peak | -49.38% | -25.57% | -23.81% |
Average DrawdownAverage peak-to-trough decline | -27.59% | -20.31% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 5.06% | +2.58% |
Volatility
CXSE vs. MCSMX - Volatility Comparison
The current volatility for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is 6.47%, while Matthews China Small Companies Fund (MCSMX) has a volatility of 8.13%. This indicates that CXSE experiences smaller price fluctuations and is considered to be less risky than MCSMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXSE | MCSMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.47% | 8.13% | -1.66% |
Volatility (6M)Calculated over the trailing 6-month period | 15.27% | 14.72% | +0.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 22.09% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.28% | 24.02% | +8.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.64% | 21.99% | +6.65% |