EXS1.DE vs. CXSE
EXS1.DE (iShares Core DAX UCITS ETF (DE)) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both exchange-traded funds - EXS1.DE is a Europe Equities fund tracking the DAX®, 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, EXS1.DE returned 8.88%/yr vs 6.52%/yr for CXSE. At a 0.35 correlation, their price movements are largely independent. EXS1.DE charges 0.16%/yr vs 0.32%/yr for CXSE.
Performance
EXS1.DE vs. CXSE - Performance Comparison
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Different Trading Currencies
EXS1.DE is traded in EUR, while CXSE is traded in USD. To make them comparable, the CXSE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, EXS1.DE achieves a 1.33% return, which is significantly higher than CXSE's -1.43% return. Over the past 10 years, EXS1.DE has outperformed CXSE with an annualized return of 8.88%, while CXSE has yielded a comparatively lower 6.52% annualized return.
EXS1.DE
- 1D
- 0.59%
- 1M
- 0.00%
- YTD
- 1.33%
- 6M
- 3.41%
- 1Y
- 2.03%
- 3Y*
- 15.45%
- 5Y*
- 9.09%
- 10Y*
- 8.88%
CXSE
- 1D
- -3.10%
- 1M
- -3.88%
- YTD
- -1.43%
- 6M
- -4.25%
- 1Y
- 15.35%
- 3Y*
- 6.50%
- 5Y*
- -7.86%
- 10Y*
- 6.52%
EXS1.DE vs. CXSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS1.DE iShares Core DAX UCITS ETF (DE) | 1.33% | 22.63% | 18.07% | 19.45% | -12.79% | 15.16% | 2.98% | 24.67% | -18.48% | 12.30% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -1.43% | 20.74% | 15.73% | -20.48% | -24.94% | -17.96% | 46.25% | 41.08% | -25.19% | 59.20% |
Correlation
The correlation between EXS1.DE and CXSE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2012 | 0.35 |
The correlation between EXS1.DE and CXSE shifts across timeframes, from 0.23 (3 years) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EXS1.DE vs. CXSE — Risk / Return Rank
EXS1.DE
CXSE
EXS1.DE vs. CXSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core DAX UCITS ETF (DE) (EXS1.DE) 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.
| EXS1.DE | CXSE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.14 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.18 | 0.94 | -0.76 |
| Martin ratioReturn relative to average drawdown | 0.57 | 1.88 | -1.31 |
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
| EXS1.DE | CXSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.73 | -0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | -0.26 | +0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.23 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.21 | 0.00 |
Drawdowns
EXS1.DE vs. CXSE - Drawdown Comparison
The maximum EXS1.DE drawdown since its inception was -68.00%, roughly equal to the maximum CXSE drawdown of -66.54%. Use the drawdown chart below to compare losses from any high point for EXS1.DE and CXSE.
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Drawdown Indicators
| EXS1.DE | CXSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.00% | -66.54% | -1.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.35% | -16.33% | +3.98% |
Max Drawdown (3Y)Largest decline over 3 years | -15.93% | -30.82% | +14.89% |
Max Drawdown (5Y)Largest decline over 5 years | -26.69% | -60.83% | +34.14% |
Max Drawdown (10Y)Largest decline over 10 years | -38.68% | -66.54% | +27.86% |
Current DrawdownCurrent decline from peak | -2.23% | -45.96% | +43.73% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -25.55% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 8.20% | -4.21% |
Volatility
EXS1.DE vs. CXSE - Volatility Comparison
The current volatility for iShares Core DAX UCITS ETF (DE) (EXS1.DE) is 5.16%, while WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a volatility of 7.20%. This indicates that EXS1.DE 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.
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Volatility by Period
| EXS1.DE | CXSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 7.20% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.95% | 14.20% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 21.06% | -5.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.18% | 30.92% | -13.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.36% | 28.10% | -9.74% |
EXS1.DE vs. CXSE - Expense Ratio Comparison
EXS1.DE has a 0.16% expense ratio, which is lower than CXSE's 0.32% expense ratio.
Dividends
EXS1.DE vs. CXSE - Dividend Comparison
EXS1.DE has not paid dividends to shareholders, while CXSE's dividend yield for the trailing twelve months is around 2.07%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 2.07% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
EXS1.DE iShares Core DAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.51% | 0.48% | 0.73% | 0.66% |
Frequently Asked Questions
EXS1.DE and CXSE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXS1.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXS1.DE is cheaper with a 0.16% expense ratio, compared with 0.32% for CXSE.
EXS1.DE is categorized as Europe Equities, while CXSE is China Equities. EXS1.DE tracks DAX®, while CXSE tracks WisdomTree China ex-State-Owned Enterprises Index. They also come from different issuers: iShares and WisdomTree. Their fees differ too: 0.16% for EXS1.DE and 0.32% for CXSE.
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