TCHI vs. CXSE
Compare and contrast key facts about iShares MSCI China Multisector Tech ETF (TCHI) and WisdomTree China ex-State-Owned Enterprises Fund (CXSE).
TCHI and CXSE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TCHI is a passively managed fund by iShares that tracks the performance of the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net. It was launched on Jan 25, 2022. CXSE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree China ex-State-Owned Enterprises Index. It was launched on Sep 19, 2012. Both TCHI and CXSE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
TCHI vs. CXSE - Performance Comparison
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TCHI vs. CXSE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | -7.87% | 33.13% | 9.09% | -5.61% | -24.32% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | -5.37% | 37.00% | 8.56% | -18.02% | -27.28% |
Returns By Period
In the year-to-date period, TCHI achieves a -7.87% return, which is significantly lower than CXSE's -5.37% return.
TCHI
- 1D
- 0.16%
- 1M
- -6.33%
- YTD
- -7.87%
- 6M
- -17.85%
- 1Y
- 10.98%
- 3Y*
- 6.04%
- 5Y*
- —
- 10Y*
- —
CXSE
- 1D
- 0.30%
- 1M
- -3.35%
- YTD
- -5.37%
- 6M
- -14.60%
- 1Y
- 13.26%
- 3Y*
- 4.84%
- 5Y*
- -9.25%
- 10Y*
- 6.57%
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TCHI vs. CXSE - Expense Ratio Comparison
TCHI has a 0.59% expense ratio, which is higher than CXSE's 0.32% expense ratio.
Return for Risk
TCHI vs. CXSE — Risk / Return Rank
TCHI
CXSE
TCHI vs. CXSE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) 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.
| TCHI | CXSE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.38 | 0.53 | -0.15 |
Sortino ratioReturn per unit of downside risk | 0.71 | 0.86 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.12 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.50 | 0.77 | -0.26 |
Martin ratioReturn relative to average drawdown | 1.17 | 1.80 | -0.64 |
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
| TCHI | CXSE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.38 | 0.53 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.23 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.03 | 0.18 | -0.21 |
Correlation
The correlation between TCHI and CXSE is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
TCHI vs. CXSE - Dividend Comparison
TCHI's dividend yield for the trailing twelve months is around 2.64%, more than CXSE's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCHI iShares MSCI China Multisector Tech ETF | 2.64% | 2.44% | 2.49% | 4.28% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
CXSE WisdomTree China ex-State-Owned Enterprises Fund | 2.12% | 1.95% | 1.70% | 1.71% | 1.55% | 0.86% | 0.54% | 0.96% | 1.49% | 1.24% | 1.39% | 2.50% |
Drawdowns
TCHI vs. CXSE - Drawdown Comparison
The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum CXSE drawdown of -70.01%. Use the drawdown chart below to compare losses from any high point for TCHI and CXSE.
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Drawdown Indicators
| TCHI | CXSE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.96% | -70.01% | +26.05% |
Max Drawdown (1Y)Largest decline over 1 year | -20.73% | -17.70% | -3.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -64.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -70.01% | — |
Current DrawdownCurrent decline from peak | -19.40% | -49.38% | +29.98% |
Average DrawdownAverage peak-to-trough decline | -21.96% | -27.59% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.94% | 7.64% | +1.30% |
Volatility
TCHI vs. CXSE - Volatility Comparison
iShares MSCI China Multisector Tech ETF (TCHI) has a higher volatility of 7.21% compared to WisdomTree China ex-State-Owned Enterprises Fund (CXSE) at 6.47%. This indicates that TCHI's price experiences larger fluctuations and is considered to be riskier 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
| TCHI | CXSE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.21% | 6.47% | +0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 18.00% | 15.27% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.73% | 24.92% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 35.10% | 32.28% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.10% | 28.64% | +6.46% |