DTH vs. CXSE

Last updated Jun 14, 2026

DTH (WisdomTree International High Dividend Fund) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both exchange-traded funds - DTH is a Foreign Large Cap Equities fund tracking the WisdomTree International High Dividend Index, while CXSE is a China Equities fund tracking the WisdomTree China ex-State-Owned Enterprises Index. Both are passively managed. Over the past 10 years, DTH returned 9.50%/yr vs 7.47%/yr for CXSE. At a 0.48 correlation, their price movements are largely independent. DTH charges 0.58%/yr vs 0.32%/yr for CXSE.

Performance

DTH vs. CXSE - Performance Comparison

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

Returns By Period

In the year-to-date period, DTH achieves a 9.75% return, which is significantly higher than CXSE's -2.88% return. Over the past 10 years, DTH has outperformed CXSE with an annualized return of 9.50%, while CXSE has yielded a comparatively lower 7.47% annualized return.

DTH

• 1D: 0.23%
• 1M: 1.33%
• YTD: 9.75%
• 6M: 12.10%
• 1Y: 26.53%
• 3Y*: 19.94%
• 5Y*: 11.78%
• 10Y*: 9.50%

CXSE

• 1D: -0.05%
• 1M: -3.10%
• YTD: -2.88%
• 6M: -4.37%
• 1Y: 16.59%
• 3Y*: 8.84%
• 5Y*: -8.60%
• 10Y*: 7.47%

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

DTH vs. CXSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTH WisdomTree International High Dividend Fund	9.75%	42.37%	2.31%	15.03%	-1.74%	8.30%	-7.05%	18.43%	-12.85%	21.10%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-2.88%	37.00%	8.56%	-18.02%	-29.32%	-23.67%	59.39%	37.96%	-28.55%	81.50%

Correlation

The correlation between DTH and CXSE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 20, 2012	0.48

DTH vs. CXSE - Sectors Allocation Comparison

Sectors	DTH	CXSE
Financial Services	21.1%	6.2%
Industrials	13.0%	12.7%
Utilities	10.7%	0.2%
Energy	9.0%	0.4%
Consumer Defensive	8.1%	4.0%
Basic Materials	7.9%	3.2%
Communication Services	7.0%	12.1%
Real Estate	5.2%	0.8%
Consumer Cyclical	5.0%	24.6%
Healthcare	3.4%	8.6%
Technology	1.3%	27.4%

Return for Risk

DTH vs. CXSE — Risk / Return Rank

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

DTH

DTH Risk / Return Rank: 66
DTH Sharpe Ratio Rank: 69
DTH Sortino Ratio Rank: 68
DTH Omega Ratio Rank: 67
DTH Calmar Ratio Rank: 64
DTH Martin Ratio Rank: 63

CXSE

CXSE Risk / Return Rank: 21
CXSE Sharpe Ratio Rank: 22
CXSE Sortino Ratio Rank: 21
CXSE Omega Ratio Rank: 21
CXSE Calmar Ratio Rank: 21
CXSE Martin Ratio Rank: 18

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.

DTH vs. CXSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International High Dividend Fund (DTH) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DTH	CXSE	Difference
Sharpe ratio: Return per unit of total volatility	1.96	0.66	+1.30
Sortino ratio: Return per unit of downside risk	2.71	1.04	+1.67
Omega ratio: Gain probability vs. loss probability	1.35	1.13	+0.22
Calmar ratio: Return relative to maximum drawdown	2.79	0.80	+1.99
Martin ratio: Return relative to average drawdown	10.07	1.63	+8.43

DTH vs. CXSE - Sharpe Ratio Comparison

The current DTH Sharpe Ratio is 1.96, which is higher than the CXSE Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of DTH and CXSE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DTH vs. CXSE - Drawdown Comparison

The maximum DTH drawdown since its inception was -64.20%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for DTH and CXSE.

Drawdown Indicators

	DTH	CXSE	Difference
Max Drawdown Largest peak-to-trough decline	-64.20%	-70.01%	+5.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-17.70%	+8.56%
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	-32.12%	+19.89%
Max Drawdown (5Y) Largest decline over 5 years	-23.40%	-64.47%	+41.07%
Max Drawdown (10Y) Largest decline over 10 years	-40.75%	-70.01%	+29.26%
Current Drawdown Current decline from peak	-1.64%	-48.04%	+46.40%
Average Drawdown Average peak-to-trough decline	-15.14%	-27.86%	+12.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	8.70%	-6.17%

Volatility

DTH vs. CXSE - Volatility Comparison

The current volatility for WisdomTree International High Dividend Fund (DTH) is 4.33%, while WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a volatility of 7.13%. This indicates that DTH experiences smaller price fluctuations and is considered to be less risky than CXSE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DTH	CXSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.33%	7.13%	-2.80%
Volatility (6M) Calculated over the trailing 6-month period	10.81%	15.04%	-4.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	21.64%	-8.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.22%	32.33%	-17.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.05%	28.69%	-11.64%

DTH vs. CXSE - Expense Ratio Comparison

DTH has a 0.58% expense ratio, which is higher than CXSE's 0.32% expense ratio.

Dividends

DTH vs. CXSE - Dividend Comparison

DTH's dividend yield for the trailing twelve months is around 3.39%, more than CXSE's 2.06% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CXSE WisdomTree China ex-State-Owned Enterprises Fund	2.06%	1.95%	1.70%	1.71%	1.55%	0.86%	0.54%	0.96%	1.49%	1.24%	1.39%	2.50%
DTH WisdomTree International High Dividend Fund	3.39%	3.80%	5.41%	5.63%	5.70%	4.72%	3.75%	4.27%	4.62%	3.72%	4.14%	4.38%

Frequently Asked Questions

Can I hold both DTH and CXSE in my portfolio?

DTH and CXSE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DTH or CXSE?

CXSE has higher volatility (7.13%) compared to DTH (4.33%). In terms of maximum drawdown, DTH dropped -64.20% vs CXSE's -70.01%.

Which ETF is better, DTH or CXSE?

On 10-year performance, DTH leads with 9.50% vs 7.47% for CXSE. On fees, CXSE is cheaper at 0.32% per year. On volatility, DTH has been the lower-risk option at 4.33%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DTH or CXSE?

Over the 10-year period, DTH has performed better with a 9.50% return vs 7.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DTH or CXSE?

CXSE is cheaper with a 0.32% expense ratio, compared with 0.58% for DTH.

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

DTH has the higher dividend yield at 3.39%, compared with 2.06% for CXSE.

What is the main difference between DTH and CXSE?

DTH is categorized as Foreign Large Cap Equities, while CXSE is China Equities. DTH tracks WisdomTree International High Dividend Index, while CXSE tracks WisdomTree China ex-State-Owned Enterprises Index. Their fees differ too: 0.58% for DTH and 0.32% for CXSE.

Which has better risk-adjusted returns?

DTH currently has the higher Sharpe Ratio (1.96 vs 0.66), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.