CGRO vs CXSE: Grades, Fees and Holdings Compared

CoreValues Alpha Greater China Growth ETF

CGRODNYSE Arca

WisdomTree China ex-State-Owned Enterprises Fund

CXSEANasdaq

Overlap

25.2%by weight

Expense ratio

CXSE −0.57pt a year

CGRO0.89%CXSE0.32%

Avg volume · 30D

CXSE 62.6×the volume

CGRO594CXSE37.2K

3Y return · a year

CXSE +3.3pt

CGRO+1.6%CXSE+4.9%

CGRO vs CXSE Performance

Oct 31, 2025 – Nov 2, 2026

−32.1%CGRO−24.1%CXSE

Expense ratio: CGRO 0.89%; CXSE 0.32%, better
Fund size: CGRO $2M; CXSE $372M
1Y total return: CGRO −32.1%; CXSE −24.1%, better
Yield (12M): CGRO 31.31%, better; CXSE 2.20%
Holdings: CGRO 31; CXSE 241
Avg volume (30D): CGRO 594 sh; CXSE 37.2K sh, better
NAV per share: CGRO $15.46; CXSE $31.37
52W range

ETF.net Grade

Pillar letters and Scores for CGRO, CXSE, with each pillar’s weight
Pillar	CGRO	CXSE
Cost30% weight	F10	A97Higher
Mission25% weight	A79	A100Higher
Risk15% weight	D29	C48Higher
Tradability15% weight	D30	B63Higher
Holdings10% weight	D31	A74Higher
Durability5% weight	D27	A79Higher

Rank among China funds

How we build Categories ›

Same Category. CGRO and CXSE are both graded against the same 28 China funds, so their Grades compare head to head.

China⁠

Category · 28 funds

See all 28 ›

CXSE ranks 1st and CGRO 24th of 28 funds in the China Category.

Rank 1ACXSEWisdomTree China ex-State-Owned Enterprises FundScore 81
Rank 1AFLCHFranklin FTSE China ETFScore 81
Rank 24DCASSimplify China A Shares PLUS Income ETFScore 35
Rank 24DCGROCoreValues Alpha Greater China Growth ETFScore 35
Rank 26DCNQQRayliant-ChinaAMC Transformative China Tech ETFScore 34

Our read on each fund

ETF.net Research

CGRODCoreValues Alpha Greater China Growth ETF

CXSEAWisdomTree China ex-State-Owned Enterprises Fund

In short

CGRO Most China ETFs hand you an index and hundreds of tickers. CGRO goes the other way: a concentrated 30-to-40 stock book, built from top-down sector calls across the mainland, Hong Kong and Taiwan, at 0.89%.

CXSE CXSE 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.

Stated mandate

CGRO The fund primarily invests in equity securities of growth companies with exposure to the economies of Greater China.

CXSE 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

CGRO Active in the real sense: the team ranks Greater China sectors by growth potential first, then picks the stocks, landing on 30 to 40 names instead of an index roster.sec.gov sec.gov 2
"Greater China" here covers the mainland, Hong Kong and Taiwan, and the screen is revenue-based (companies with above 15% of sales from the region), not listing-based.cvafunds.com sec.gov
Reaches mainland A-shares directly through Stock Connect alongside ADRs and Hong Kong listings, so it is not boxed into a single listing venue.sec.gov cvafunds.com

CXSE 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

CGRO At 0.89% the fee sits above the China-fund median; index-tracking peers come cheaper, FLCH at 0.19% and CXSE at 0.32%.
A small fund that trades lightly, so spreads can widen and bigger orders can move the price more than in the category's giants.
Non-diversified by design: a handful of positions can drive results, and single-country China exposure carries policy and currency swings.sec.gov

CXSE 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.

Full CGRO profile⁠

Full CXSE profile⁠

CGRO vs CXSE Holdings

How CGRO and CXSE differ

Overlap by weight

25.2%

Shared holdings make up 58.0% of CGRO and 28.9% of CXSE.

Level by level

Holdings18 in both25.2%
Sector11 Sectors76.6%
Countryby domicile97.4%
Asset classEquity100%

Sector

Sector weights in CGRO and CXSE, widest gap first
Sector	More in CGROMore in CXSE	CGRO	CXSE
Consumer Discretionary	CGRO +21.9 points	48.0%	26.1%
Technology	CXSE +5.5 points	17.9%	23.4%
Consumer Staples	CXSE +4.6 points	0.0%	4.6%
Health Care	CXSE +4.0 points	8.2%	12.2%
Financials	CXSE +3.8 points	3.2%	7.0%
Materials	CXSE +3.2 points	0.0%	3.2%
Communication	CXSE +1.8 points	8.9%	10.7%
Industrials	CGRO +1.2 points	12.6%	11.4%
Energy	CXSE +0.3 points	0.0%	0.3%
Real Estate	CGRO +0.3 points	1.2%	0.9%
Utilities	CXSE +0.3 points	0.0%	0.3%

Country, concentration and asset class

Country by domicile

Country weights in CGRO and CXSE, widest gap first
Country	More in CGROMore in CXSE	CGRO	CXSE
United States	CGRO +2.4 points	4.8%	2.4%
China	CXSE +2.2 points	90.6%	92.8%
Other countries (3)	CXSE +0.2 points	4.6%	4.8%

Outside the US: CGRO 5% developed, 95% emerging. CXSE 5% developed, 95% emerging.

Concentration

Weight in the 10 largest Holdings

CGRO63.3%
CXSE36.0%

Securities held

CGRO30
CXSE236

Asset class

CGRO: Equity
CXSE: Equity

Holdings

Only in CGRO12
In both18
Only in CXSE218

Only in CGRO

12 securities, 42.1% of CGRO by weight

Alibaba Group Holding Ltd10.03%
Luckin Coffee Inc7.94%
Anker Innovations Technology Co Ltd5.57%
Tesla Inc4.69%
Yutong Bus Co Ltd4.29%
Netease Inc2.84%
Futu Holdings Ltd1.75%
First American Government Obligations Fund 12/01/20311.48%
NIO Inc1.40%
KE Holdings Inc1.26%
Hesai Group0.48%
Trip.com Group0.35%

Only in CXSE

218 securities, 71.3% of CXSE by weight

Alibaba Group Holding Ltd8.18%
Zhongji Innolight Co Ltd-A2.94%
Ping An Insurance Group Co of China2.36%
Ping An Insurance Group Co of China1.60%
Netease Inc1.42%
Eoptolink Technology Inc L-A1.39%
Cambricon Technologies-A1.34%
Foxconn Industrial Internet Co1.05%
Beigene Ltd1.03%
Luxshare Precision Industry Co0.96%
Montage Technology Co Ltd-A0.95%
Trip.Com Group Ltd0.92%
Wuxi Biologics Cayman Inc0.90%
Baidu Inc-Class A0.90%
Gigadevice Semiconductor Beiji0.88%
BYD Co Ltd0.76%
Innovent Biologics Inc0.73%
Yum China Holdings Inc0.64%
Suzhou Dongshan Precision-A0.62%
Pop Mart International Group0.61%
Inner Mongolia Yili Industrial0.60%
Gree Electric Appliances Inc0.57%
Geely Automobile Holdings Ltd0.55%
ANTA Sports Products Ltd0.53%
Wuxi Apptec Co Ltd-H0.53%
Victory Giant Technology -A0.50%
Kuaishou Technology0.49%
Ke Holdings Inc-Cl A0.49%
Muyuan Foodstuff Co Ltd0.49%
Nongfu Spring Co Ltd-H0.47%
Contemporary Amperex Techn-H0.45%
Wus Printed Circuit Kunsha-A0.44%
China Hongqiao Group Ltd0.44%
Chaozhou Three-Circle Group-A0.44%
Akeso Inc0.43%
H World Group Ltd0.43%
ZTO Express Cayman Inc0.41%
SITC International Holdings Co0.40%
Suzhou Tfc Optical Communi-A0.39%
Genscript Biotech Corp0.38%
Midea Group Co Ltd-H0.37%
WH Group Ltd0.37%
XPeng Inc - Class A Shares0.36%
Yuanjie Semiconductor Tech-A0.36%
Li Auto Inc-Class A0.36%
Sunny Optical Technology Group Co Ltd0.36%
Haier Smart Home Co Ltd-H0.35%
Z Ai Co Ltd0.35%
Nio Inc-Class A0.34%
Hansoh Pharmaceutical Group0.34%

Weight gaps

All 18 Holdings in both funds, largest gap first.

Holding weights in CGRO and CXSE, widest gap first
Holding	More in CGROMore in CXSE	CGRO	CXSE
WuXi AppTec Co Ltd	CGRO +5.58 points	7.21%	1.63%
J&T Global Express Ltd	CGRO +5.20 points	5.57%	0.37%
Xiaomi Corp	CGRO +3.72 points	5.69%	1.97%
UBTech Robotics Corp Ltd	CGRO +3.05 points	3.29%	0.24%
Meituan	CGRO +2.77 points	4.48%	1.71%
Horizon Robotics	CGRO +2.33 points	2.62%	0.29%
Tencent Holdings Ltd	CXSE +2.13 points	7.84%	9.97%
Midea Group Co Ltd	CGRO +1.93 points	3.71%	1.78%
BYD Co Ltd	CGRO +1.63 points	2.85%	1.22%
Contemporary Amperex Technology Co Ltd	CXSE +1.32 points	2.04%	3.36%
Atour Lifestyle Holdings LtdATAT	CGRO +1.31 points	1.55%	0.24%
JD.com Inc	CGRO +1.25 points	2.41%	1.16%
PDD Holdings IncPDD	CGRO +1.20 points	3.26%	2.06%
Shenzhen Inovance Technology Co Ltd	CGRO +0.95 points	1.29%	0.34%
Bilibili Inc	CGRO +0.68 points	0.95%	0.27%
Full Truck Alliance Co LtdYMM	CGRO +0.66 points	1.03%	0.37%
East Money Information Co Ltd	CGRO +0.56 points	1.44%	0.88%
Jiangsu Hengrui Pharmaceuticals Co Ltd	CGRO +0.01 points	0.70%	0.69%

All 32 CGRO holdings⁠All 205 CXSE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

CGRO vs CXSE Cost

Overpaying CGRO vs CXSE

$10,330

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

CGRO 0.89%
$16,872
CXSE 0.32%
$6,542

Amount$10,000

Years30 years

Cost over time

CGRO 0.89%
CXSE 0.32%
Overpaying

Year by year

Year	CGRO	CXSE	Overpaying
10	$1,576	$580	$996
20	$5,953	$2,250	$3,703
30	$16,872	$6,542	$10,330

Expense ratio

0.89%CGRO
0.32%CXSE, cheaper

CXSE0.32%CGRO0.89%

0.19%5.01%

Middle half of China funds
Median 0.65%

CXSE 2nd cheapest of 28 funds

CGRO 24th cheapest of 28 funds

CGRO vs CXSE Dividends

Last 12 months to Nov 2, 2026

Yield (12M): CGRO 31.31%, better; CXSE 2.20%
Payout (12M): CGRO $4.92; CXSE $0.69
Last payment: CGRO $4.17; CXSE $0.26
Ex-dividend: CGRO Sep 29, 2026; CXSE Sep 25, 2026
Paid on: CGRO Sep 30, 2026; CXSE Sep 29, 2026
Frequency: CGRO Twice a year; CXSE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

CGROTwice a year · 5 paymentsAll CGRO payments⁠

CXSEQuarterly · 31 paymentsAll CXSE payments⁠

CGRO vs CXSE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: CGRO 24.4%, betterCXSE 24.9%
Return per unit of riskSharpe ratio, 3 years: CGRO −0.01CXSE 0.12, better
Worst fallMax drawdown, 5 years: CGRO −38.0%since Oct 2023CXSE −57.6%
Market sensitivityBeta, 5 years: CGRO 0.24CXSE 0.75; Market = 1

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