QGRW vs. CXSE

Last updated Jun 14, 2026

QGRW (WisdomTree U.S. Quality Growth Fund) and CXSE (WisdomTree China ex-State-Owned Enterprises Fund) are both exchange-traded funds - QGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Quality Growth Index, while CXSE is a China Equities fund tracking the WisdomTree China ex-State-Owned Enterprises Index. Both are passively managed. Over the past 3 years, QGRW returned 26.27%/yr vs 8.84%/yr for CXSE. At a 0.38 correlation, their price movements are largely independent. QGRW charges 0.28%/yr vs 0.32%/yr for CXSE.

Performance

QGRW vs. CXSE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. Quality Growth Fund (QGRW) 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, QGRW achieves a 10.35% return, which is significantly higher than CXSE's -2.88% return.

QGRW

• 1D: 0.15%
• 1M: -0.58%
• YTD: 10.35%
• 6M: 11.58%
• 1Y: 29.61%
• 3Y*: 26.27%
• 5Y*: —
• 10Y*: —

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)

QGRW vs. CXSE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
QGRW WisdomTree U.S. Quality Growth Fund	10.35%	19.20%	34.85%	56.05%	-3.07%
CXSE WisdomTree China ex-State-Owned Enterprises Fund	-2.88%	37.00%	8.56%	-18.02%	-2.57%

Correlation

The correlation between QGRW and CXSE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (All Time) Calculated using the full available price history since Dec 15, 2022	0.38

The correlation between QGRW and CXSE shifts across timeframes, from 0.36 (3 years) to 0.49 (1 year), reflecting how their relationship changes across market environments.

QGRW vs. CXSE - Sectors Allocation Comparison

Sectors	QGRW	CXSE
Technology	55.0%	27.4%
Communication Services	16.4%	12.1%
Consumer Cyclical	11.6%	24.6%
Industrials	7.6%	12.7%
Healthcare	4.4%	8.6%
Financial Services	3.7%	6.2%
Energy	0.5%	0.4%
Consumer Defensive	0.5%	4.0%
Utilities	0.3%	0.2%
Basic Materials	-	3.2%
Real Estate	-	0.8%

Return for Risk

QGRW vs. CXSE — Risk / Return Rank

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

QGRW

QGRW Risk / Return Rank: 47
QGRW Sharpe Ratio Rank: 50
QGRW Sortino Ratio Rank: 46
QGRW Omega Ratio Rank: 48
QGRW Calmar Ratio Rank: 41
QGRW Martin Ratio Rank: 47

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.

QGRW vs. CXSE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. Quality Growth Fund (QGRW) 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.

	QGRW	CXSE	Difference
Sharpe ratio: Return per unit of total volatility	1.52	0.66	+0.86
Sortino ratio: Return per unit of downside risk	2.06	1.04	+1.02
Omega ratio: Gain probability vs. loss probability	1.27	1.13	+0.14
Calmar ratio: Return relative to maximum drawdown	1.80	0.80	+1.00
Martin ratio: Return relative to average drawdown	6.86	1.63	+5.23

QGRW vs. CXSE - Sharpe Ratio Comparison

The current QGRW Sharpe Ratio is 1.52, which is higher than the CXSE Sharpe Ratio of 0.66. The chart below compares the historical Sharpe Ratios of QGRW 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

QGRW vs. CXSE - Drawdown Comparison

The maximum QGRW drawdown since its inception was -24.40%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for QGRW and CXSE.

Drawdown Indicators

	QGRW	CXSE	Difference
Max Drawdown Largest peak-to-trough decline	-24.40%	-70.01%	+45.61%
Max Drawdown (1Y) Largest decline over 1 year	-15.44%	-17.70%	+2.26%
Max Drawdown (3Y) Largest decline over 3 years	-24.40%	-32.12%	+7.72%
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	-5.67%	-48.04%	+42.37%
Average Drawdown Average peak-to-trough decline	-3.27%	-27.86%	+24.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.04%	8.70%	-4.66%

Volatility

QGRW vs. CXSE - Volatility Comparison

WisdomTree U.S. Quality Growth Fund (QGRW) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE) have volatilities of 7.09% and 7.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QGRW	CXSE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	7.13%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	14.83%	15.04%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	18.25%	21.64%	-3.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	32.33%	-11.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.20%	28.69%	-7.49%

QGRW vs. CXSE - Expense Ratio Comparison

QGRW has a 0.28% expense ratio, which is lower than CXSE's 0.32% expense ratio.

Dividends

QGRW vs. CXSE - Dividend Comparison

QGRW's dividend yield for the trailing twelve months is around 0.08%, less 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%
QGRW WisdomTree U.S. Quality Growth Fund	0.08%	0.09%	0.14%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both QGRW and CXSE in my portfolio?

QGRW and CXSE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QGRW or CXSE?

CXSE has higher volatility (7.13%) compared to QGRW (7.09%). In terms of maximum drawdown, QGRW dropped -24.40% vs CXSE's -70.01%.

Which ETF is better, QGRW or CXSE?

On 3-year performance, QGRW leads with 26.27% vs 8.84% for CXSE. On fees, QGRW is cheaper at 0.28% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, QGRW or CXSE?

Over the 3-year period, QGRW has performed better with a 26.27% return vs 8.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, QGRW or CXSE?

QGRW is cheaper with a 0.28% expense ratio, compared with 0.32% for CXSE.

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

CXSE has the higher dividend yield at 2.06%, compared with 0.08% for QGRW.

What is the main difference between QGRW and CXSE?

QGRW is categorized as Large Cap Growth Equities, while CXSE is China Equities. QGRW tracks WisdomTree U.S. Quality Growth Index, while CXSE tracks WisdomTree China ex-State-Owned Enterprises Index. Their fees differ too: 0.28% for QGRW and 0.32% for CXSE.

Which has better risk-adjusted returns?

QGRW currently has the higher Sharpe Ratio (1.52 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.