PCCE vs. CXSE

Last updated Aug 2, 2026

PCCE (Polen Capital China Growth ETF) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both China Equities funds. PCCE is actively managed, while CXSE is passively managed. Over the past year, PCCE returned 1.59% vs 6.61% for CXSE. Their correlation of 0.91 means they have usually moved in the same direction. PCCE charges 1.00%/yr vs 0.32%/yr for CXSE.

Performance

PCCE vs. CXSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Polen Capital China Growth ETF (PCCE) 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, PCCE achieves a -3.32% return, which is significantly higher than CXSE's -4.21% return.

PCCE

• 1D: 1.00%
• 1M: 3.18%
• 6M: -6.40%
• YTD: -3.32%
• 1Y: 1.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.33%

CXSE

• 1D: 0.93%
• 1M: 1.69%
• 6M: -6.95%
• YTD: -4.21%
• 1Y: 6.61%
• 3Y*: 6.01%
• 5Y*: -6.44%
• 10Y*: 6.56%
• ALL TIME*: 4.79%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
CXSE WisdomTree China ex-State-Owned Enterprises Fund	$1.97M	$1.28M	$1.14M
PCCE Polen Capital China Growth ETF	$4.91K	$4.04K	$4.19K

PCCE vs. CXSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PCCE Polen Capital China Growth ETF	-3.32%	23.07%	10.79%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-4.21%	37.00%	13.25%

Correlation

The correlation between PCCE and CXSE is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (All Time) Calculated using the full available price history since Mar 15, 2024	0.91

The correlation between PCCE and CXSE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

PCCE vs. CXSE - Sectors Allocation Comparison

Sectors	PCCE	CXSE
Communication Services	20.3%	12.2%
Financial Services	15.5%	5.8%
Consumer Cyclical	14.2%	21.7%
Industrials	13.6%	12.6%
Healthcare	10.5%	8.8%
Real Estate	7.9%	0.7%
Basic Materials	7.7%	2.9%
Technology	6.8%	31.4%
Consumer Defensive	3.7%	3.7%
Energy	-	0.4%
Utilities	-	0.2%

Return for Risk

PCCE vs. CXSE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PCCE

PCCE Risk / Return Rank: 11
PCCE Sharpe Ratio Rank: 11
PCCE Sortino Ratio Rank: 11
PCCE Omega Ratio Rank: 11
PCCE Calmar Ratio Rank: 11
PCCE Martin Ratio Rank: 11

CXSE

CXSE Risk / Return Rank: 15
CXSE Sharpe Ratio Rank: 16
CXSE Sortino Ratio Rank: 16
CXSE Omega Ratio Rank: 15
CXSE Calmar Ratio Rank: 16
CXSE Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PCCE vs. CXSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polen Capital China Growth ETF (PCCE) 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.

	PCCE	CXSE	Difference
Sharpe ratio: Return per unit of total volatility	0.01	0.22	-0.21
Sortino ratio: Return per unit of downside risk	0.15	0.46	-0.31
Omega ratio: Gain probability vs. loss probability	1.02	1.06	-0.04
Calmar ratio: Return relative to maximum drawdown	0.01	0.28	-0.27
Martin ratio: Return relative to average drawdown	0.02	0.49	-0.47

PCCE vs. CXSE - Sharpe Ratio Comparison

The current PCCE Sharpe Ratio is 0.01, which is lower than the CXSE Sharpe Ratio of 0.22. The chart below compares the historical Sharpe Ratios of PCCE 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

PCCE vs. CXSE - Drawdown Comparison

The maximum PCCE drawdown since its inception was -26.38%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for PCCE and CXSE.

Drawdown Indicators

	PCCE	CXSE	Difference
Max Drawdown Largest peak-to-trough decline	-26.38%	-70.01%	+43.63%
Max Drawdown (1Y) Largest decline over 1 year	-16.59%	-17.70%	+1.11%
Max Drawdown (3Y) Largest decline over 3 years	—	-30.66%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-58.78%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-70.01%	—
Current Drawdown Current decline from peak	-11.78%	-48.76%	+36.98%
Average Drawdown Average peak-to-trough decline	-10.18%	-28.06%	+17.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.06%	10.14%	-1.08%

Volatility

PCCE vs. CXSE - Volatility Comparison

The current volatility for Polen Capital China Growth ETF (PCCE) is 6.37%, while WisdomTree China ex-State-Owned Enterprises Fund (CXSE) has a volatility of 7.62%. This indicates that PCCE 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

	PCCE	CXSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.37%	7.62%	-1.25%
Volatility (6M) Calculated over the trailing 6-month period	15.32%	16.22%	-0.90%
Volatility (1Y) Calculated over the trailing 1-year period	20.03%	22.60%	-2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.90%	32.02%	-6.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.90%	28.79%	-2.89%

PCCE vs. CXSE - Expense Ratio Comparison

PCCE has a 1.00% expense ratio, which is higher than CXSE's 0.32% expense ratio.

Dividends

PCCE vs. CXSE - Dividend Comparison

PCCE's dividend yield for the trailing twelve months is around 2.36%, more than CXSE's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CXSE WisdomTree China ex-State-Owned Enterprises Fund	1.51%	1.95%	1.70%	1.71%	1.55%	0.86%	0.54%	0.96%	1.49%	1.24%	1.39%	2.50%
PCCE Polen Capital China Growth ETF	2.36%	2.29%	1.95%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PCCE and CXSE in my portfolio?

With a correlation of 0.90, PCCE and CXSE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PCCE or CXSE?

CXSE has higher volatility (7.62%) compared to PCCE (6.37%). In terms of maximum drawdown, PCCE dropped -26.38% vs CXSE's -70.01%.

Which ETF is better, PCCE or CXSE?

On 1-year performance, CXSE leads with 6.61% vs 1.59% for PCCE. On fees, CXSE is cheaper at 0.32% per year. On volatility, PCCE has been the lower-risk option at 6.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PCCE or CXSE?

Over the 1-year period, CXSE has performed better with a 6.61% return vs 1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PCCE or CXSE?

CXSE is cheaper with a 0.32% expense ratio, compared with 1.00% for PCCE.

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

PCCE has the higher dividend yield at 2.36%, compared with 1.51% for CXSE.

What is the main difference between PCCE and CXSE?

They also come from different issuers: Polen and WisdomTree. Their fees differ too: 1.00% for PCCE and 0.32% for CXSE.

Which has better risk-adjusted returns?

CXSE currently has the higher Sharpe Ratio (0.22 vs 0.01), 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.