Category Review
Index option income was not one bet this year
WisdomTree China ex-State-Owned Enterprises Fund
$34.36−0.07 (−0.20%)
- 0.32%
- $449M
- −14.7%
- 2.01%
- 0M sh
- $34.89
- low $34.13high $43.94
The ETF.net CXSE Grade
A
Score 83 out of 100
- 1 of 30
Score 83 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A97 out of 100Rank 2 of 30Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 22Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 16 of 30Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 7 of 30Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A74 out of 100Rank 6 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A79 out of 100Rank 5 of 30
Our read on CXSE
ACXSE tracks an index that screens state-owned enterprises out of China, leaving the privately run companies. A tilt toward entrepreneurs rather than Beijing's balance sheet, at a fee well under the typical China fund.
The Fund seeks to track, before fees and expenses, the price and yield performance of the WisdomTree China ex-State-Owned Enterprises Index.
Why people hold it
- The whole design is one screen: state-controlled companies out, privately run ones in, about 200 of them. Not a broad China index with a tweak.
- 0.32% a year, well under half the 0.70% median for single-country China funds.
- Trading since 2012, and one of the tighter, more faithful builds in a crowded China cohort.
Worth knowing
- Thinly traded next to China heavyweights like MCHI and GXC, so limit orders matter more here.
- One country, about 200 stocks, and none of the state-backed heavyweights as ballast. Swings run bigger than a diversified global fund's.
- Cheap for the group, not the cheapest: FLCH (0.19%) and JCHI (0.15%) undercut it with different mandates.
CXSE Holdings
- Stocks
- 264
- 36%
- 0700.HK
Sectors
- Technology25.2%
- Consumer Discretionary24.6%
- Health Care12.3%
- Industrials11.7%
- Communication10.7%
- Financials6.5%
- Consumer Staples4.2%
- Materials3.4%
- Real Estate0.9%
- Energy0.3%
- Utilities0.2%
Geography
- China90.50%
- Hong Kong4.94%
- Ireland2.09%
- Singapore1.20%
- Switzerland1.03%
- United States0.13%
- Taiwan0.11%
Developed 9% · Emerging 91%
CXSE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
CXSE$8,531
Returns run to the Oct 12, 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.
| Period | CXSE |
|---|---|
| Year to date | −13.3% |
| 1 month | −4.3% |
| 3 months | −10.0% |
| 1 year | −14.7% |
| 3 years | +6.9% |
| 5 years | −7.2% |
| 10 years | +3.7% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CXSE |
|---|---|---|
| 2026 YTD | −13.3% | |
| 2025 | +37.0% | |
| 2024 | +8.6% | |
| 2023 | −18.0% | |
| 2022 | −29.3% | |
| 2021 | −23.7% | |
| 2020 | +59.4% |
CXSE in the news
CXSE Dividends
- 2.01%
- $0.69
- $0.26 per share
- Quarterly
Distribution history
CXSE Risk
- 24.0%
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.
- 0.24
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.
- −58.2%
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.
- 0.75
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
CXSE Cost
0.32%
CXSE0.32%
- The middle half of China funds
- Median 0.65%
1 of the 29 China funds charge less.
Other funds in China
- AFLCHFranklin FTSE China ETFExpense ratio 0.19%1 year return −13.5%
- AMCHIiShares MSCI China ETFExpense ratio 0.59%1 year return −13.4%
- AGXCState Street SPDR S&P China ETFExpense ratio 0.59%1 year return −11.1%
- AASHRXtrackers Harvest CSI 300 China A-Shares ETFExpense ratio 0.65%1 year return +4.6%
- ACNYAiShares MSCI China A ETFExpense ratio 0.60%1 year return +2.0%