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Launched · SEC filings

WisdomTree Emerging Currency Strategy Fund

CEWNYSE ArcaWisdomTreeGrades compare a fund with genuinely similar funds. This fund's comparison group currently has too few members for a fair comparison, so no letter is published.

$19.57+0.09 (+0.46%)

As of Nov 2, 2026, 3:55 PM ET

Too few comparable funds to grade fairly
Intraday session: up, 72 prints from 19.48 to 19.57. Range 19.48 to 19.59. Use the arrow keys to read each point.19.5019.5219.5410 AM12 PM2 PM4 PM
Expense ratio
0.55%
Fund size
$20M
1Y total return
+5.0%
Yield · Last 12 months
2.40%
Holdings
4
Avg volume · 30D
4.82K sh
52W range
low $17.80high $20.56
Launched
Filings
SEC EDGAR

The ETF.net CEW Grade

—

Too few comparable funds to grade fairly

Grades compare a fund with genuinely similar funds. This fund's comparison group currently has too few members for a fair comparison, so no letter is published.

Our read on CEW

ETF.net Research

In short

CEW isn't a bond fund in disguise. It holds a basket of emerging-market currencies and the local money-market rates that go with them, so results ride on EM short rates and how those currencies move against the dollar. Trading since 2009.

Stated mandate

CEW seeks total returns tied to money-market rates available in selected emerging-market countries and changes in those currencies’ values against the U.S. dollar.

Why people hold it

  • A rare straight shot at emerging-market money: a basket of EM currencies plus the short-term rates in those markets, with no credit or duration bet layered on top.
  • Basket, not a one-country wager. Exposure spreads across selected emerging markets, so no single currency's move sets the whole outcome.
  • Launched in 2009 and built as a registered 1940 Act fund, not an exchange-traded note leaning on a bank's credit, which is how a lot of currency exposure gets packaged.

Worth knowing

  • 0.55% a year is the toll for this plumbing, meaningfully more than plain ultrashort bond ETFs such as VUSB or SHV charge for their much simpler job.
  • A small fund that trades lightly next to the household-name ultrashort ETFs it gets shelved with, so bid-ask spreads tend to be wider.
  • Currency direction, not rate income, tends to run the show: EM currencies weakening against the dollar can outweigh what local money-market rates contribute. Distributions come once or twice a year.

CEW Holdings

Asset class
Bonds
Holdings
4
Top-10 weight
100%
Largest holding
US Treasury Bill72.0%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataUS Treasury Bill71.99%14,310,000$14.3M3
2No dataCiti Repo 3.93 11022625.78%5,110,000$5.11M4
3USFRWisdomTree Floating Rate Treasury Fund2.03%8,000$403K13
4No dataCash-Us Dollar0.20%39,199$39.2K26

Showing 1–4 of 4 holdings

CEW Performance

Launched May 6, 2009

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CEW$10,500
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CEW $10,500. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CEW. Periods over one year show the average yearly return.
PeriodCEW
Year to date+3.1%
1 month−0.5%
3 months−1.1%
1 year+5.0%
3 yearsper year+7.1%
5 yearsper year+4.0%
10 yearsper year+2.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CEW
YearReturn barCEW
2026 YTD+3.1%
2025+14.5%
2024−1.0%
2023+9.1%
2022−1.7%

CEW in the news

CEW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
2.40%Last 12 months
Payout per share
$0.47Last 12 months
Last payment
$0.47 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 7 payments from 2017 to 2026 YTD. Dec 24, 2018 $0.34; Dec 23, 2019 $0.35; Dec 21, 2020 $0.12; Dec 23, 2022 $0.13; Dec 22, 2023 $0.36; Dec 26, 2024 $0.92; Dec 26, 2025 $0.47. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 26, 2025Dec 30, 2025$0.47
Dec 26, 2024Dec 30, 2024$0.92
Dec 22, 2023Dec 28, 2023$0.36
Dec 23, 2022Dec 29, 2022$0.13
Dec 21, 2020Dec 24, 2020$0.12
Dec 23, 2019Dec 27, 2019$0.35
Dec 24, 2018Dec 28, 2018$0.34
Dec 21, 2011No data$1.06
Dec 22, 2010No data$0.84
Dec 21, 2009No data$0.18

— Pay date not on file.

$10,000 in CEW 10 years ago paid $1,485 in dividends.

CEW Risk

How much the fund’s monthly returns vary, scaled to a year.
5.2%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.49
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−11.8%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.63
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CEW Cost

Cheapest in Other Currency

$10,904

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CEW 0.55%

    $10,904

$10,000
30 years

Cost over time

  • CEW 0.55%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530CEW $10,904

Year by year

YearCEW
10$988
20$3,790
30$10,904