DRAG vs. CXSE

Last updated Jun 4, 2026

DRAG (Roundhill China Dragons ETF) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both China Equities funds. DRAG is actively managed, while CXSE is passively managed. DRAG charges 0.59%/yr vs 0.32%/yr for CXSE.

Performance

DRAG vs. CXSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill China Dragons ETF (DRAG) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DRAG

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRAG vs. CXSE - Yearly Performance Comparison

	2026 (YTD)
DRAG Roundhill China Dragons ETF	0.00%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-1.22%

DRAG vs. CXSE - Sectors Allocation Comparison

Sectors	DRAG	CXSE
Consumer Cyclical	72.4%	26.2%
Communication Services	17.3%	10.1%
Technology	10.2%	22.6%
Basic Materials	-	3.4%
Consumer Defensive	-	3.9%
Energy	-	0.4%
Financial Services	-	6.2%
Healthcare	-	8.8%
Industrials	-	16.6%
Real Estate	-	0.9%
Utilities	-	0.3%

Return for Risk

DRAG vs. CXSE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CXSE

CXSE Risk / Return Rank: 28
CXSE Sharpe Ratio Rank: 31
CXSE Sortino Ratio Rank: 30
CXSE Omega Ratio Rank: 30
CXSE Calmar Ratio Rank: 28
CXSE Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DRAG vs. CXSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill China Dragons ETF (DRAG) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	DRAG	CXSE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.14	—
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	—

Drawdowns

DRAG vs. CXSE - Drawdown Comparison

The maximum DRAG drawdown since its inception was 0.00%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for DRAG and CXSE.

Drawdown Indicators

	DRAG	CXSE	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	-70.01%	+70.01%
Max Drawdown (1Y) Largest decline over 1 year	—	-17.70%	—
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 Drawdown Current decline from peak	0.00%	-46.01%	+46.01%
Average Drawdown Average peak-to-trough decline	0.00%	-27.83%	+27.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	8.42%	—

Volatility

Volatility by Period

	DRAG	CXSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.54%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	21.39%	-21.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	32.30%	-32.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	28.70%	-28.70%

DRAG vs. CXSE - Expense Ratio Comparison

DRAG has a 0.59% expense ratio, which is higher than CXSE's 0.32% expense ratio.

Dividends

DRAG vs. CXSE - Dividend Comparison

DRAG has not paid dividends to shareholders, while CXSE's dividend yield for the trailing twelve months is around 1.99%.

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%
DRAG Roundhill China Dragons ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DRAG or CXSE?

On fees, CXSE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DRAG or CXSE?

CXSE is cheaper with a 0.32% expense ratio, compared with 0.59% for DRAG.

Which ETF pays a higher dividend yield, DRAG or CXSE?

CXSE has the higher dividend yield at 1.99%, compared with 0.00% for DRAG.

What is the main difference between DRAG and CXSE?

They also come from different issuers: Roundhill and WisdomTree. Their fees differ too: 0.59% for DRAG and 0.32% for CXSE.