CXSE vs. NBCE
Compare and contrast key facts about WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Neuberger Berman China Equity ETF (NBCE).
CXSE and NBCE 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. NBCE is an actively managed fund by Neuberger Berman. It was launched on Oct 13, 2023.
Performance
CXSE vs. NBCE - Performance Comparison
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CXSE vs. NBCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -5.65% | 37.00% | 8.56% | -4.71% |
NBCE Neuberger Berman China Equity ETF | 3.33% | 39.08% | 3.35% | -2.22% |
Returns By Period
In the year-to-date period, CXSE achieves a -5.65% return, which is significantly lower than NBCE's 3.33% return.
CXSE
- 1D
- 2.23%
- 1M
- -4.51%
- YTD
- -5.65%
- 6M
- -14.43%
- 1Y
- 13.45%
- 3Y*
- 4.74%
- 5Y*
- -9.31%
- 10Y*
- 6.54%
NBCE
- 1D
- 0.92%
- 1M
- -6.23%
- YTD
- 3.33%
- 6M
- 4.66%
- 1Y
- 32.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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CXSE vs. NBCE - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is lower than NBCE's 0.74% expense ratio.
Return for Risk
CXSE vs. NBCE — Risk / Return Rank
CXSE
NBCE
CXSE vs. NBCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Neuberger Berman China Equity ETF (NBCE). 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 | NBCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 1.60 | -1.06 |
Sortino ratioReturn per unit of downside risk | 0.87 | 2.07 | -1.19 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.31 | -0.19 |
Calmar ratioReturn relative to maximum drawdown | 0.73 | 2.40 | -1.67 |
Martin ratioReturn relative to average drawdown | 1.73 | 10.50 | -8.77 |
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 | NBCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 1.60 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.29 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.68 | -0.51 |
Correlation
The correlation between CXSE and NBCE is 0.85, 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. NBCE - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 2.12%, more than NBCE's 1.28% 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% |
NBCE Neuberger Berman China Equity ETF | 1.28% | 1.32% | 1.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
CXSE vs. NBCE - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, which is greater than NBCE's maximum drawdown of -28.42%. Use the drawdown chart below to compare losses from any high point for CXSE and NBCE.
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Drawdown Indicators
| CXSE | NBCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.01% | -28.42% | -41.59% |
Max Drawdown (1Y)Largest decline over 1 year | -17.98% | -13.27% | -4.71% |
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 | -49.53% | -7.12% | -42.41% |
Average DrawdownAverage peak-to-trough decline | -27.59% | -9.67% | -17.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.58% | 3.14% | +4.44% |
Volatility
CXSE vs. NBCE - Volatility Comparison
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a higher volatility of 7.55% compared to Neuberger Berman China Equity ETF (NBCE) at 6.96%. This indicates that CXSE's price experiences larger fluctuations and is considered to be riskier than NBCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CXSE | NBCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 6.96% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 15.29% | 13.54% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.92% | 20.37% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.29% | 24.20% | +8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.64% | 24.20% | +4.44% |