CXSE vs. VOO
Compare and contrast key facts about WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Vanguard S&P 500 ETF (VOO).
CXSE and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both CXSE and VOO 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 VOO.
Key characteristics
| CXSE | VOO | |
|---|---|---|
| YTD Return | 20.42% | 22.56% |
| 1Y Return | 13.51% | 34.32% |
| 3Y Return (Ann) | -13.80% | 8.86% |
| 5Y Return (Ann) | -2.25% | 15.23% |
| 10Y Return (Ann) | 4.14% | 13.07% |
| Sharpe Ratio | 0.46 | 2.86 |
| Sortino Ratio | 0.93 | 3.79 |
| Omega Ratio | 1.11 | 1.53 |
| Calmar Ratio | 0.21 | 4.09 |
| Martin Ratio | 1.25 | 18.69 |
| Ulcer Index | 11.96% | 1.85% |
| Daily Std Dev | 32.17% | 12.09% |
| Max Drawdown | -70.01% | -33.99% |
| Current Drawdown | -56.69% | -1.35% |
Correlation
The correlation between CXSE and VOO is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
CXSE vs. VOO - Performance Comparison
In the year-to-date period, CXSE achieves a 20.42% return, which is significantly lower than VOO's 22.56% return. Over the past 10 years, CXSE has underperformed VOO with an annualized return of 4.14%, while VOO has yielded a comparatively higher 13.07% 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. VOO - Expense Ratio Comparison
CXSE has a 0.32% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
CXSE vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
CXSE's dividend yield for the trailing twelve months is around 1.64%, more than VOO's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 1.64% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 1.02% | 2.29% | 2.75% |
VOO Vanguard S&P 500 ETF | 1.28% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
CXSE vs. VOO - Drawdown Comparison
The maximum CXSE drawdown since its inception was -70.01%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for CXSE and VOO. For additional features, visit the drawdowns tool.
Volatility
CXSE vs. VOO - Volatility Comparison
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a higher volatility of 14.63% compared to Vanguard S&P 500 ETF (VOO) at 3.23%. This indicates that CXSE's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.