CHIQ vs CXSE

CHIQCGlobal X MSCI China Consumer Discretionary ETF

CXSEAWisdomTree China ex-State-Owned Enterprises Fund

In short

CHIQ A 2009-vintage bet on the Chinese consumer, not the American one: roughly 60 Chinese consumer discretionary names in a peer group otherwise stacked with US retail and S&P 500 sector funds.

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

CHIQ The Fund seeks to track, before fees and expenses, the price and yield performance of the MSCI China Consumer Discretionary 10/50 Index.

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

• CHIQ The rare consumer discretionary ETF that skips the US shopper entirely. It tracks an MSCI index of Chinese consumer names, so it moves with demand in China.globalxetfs.com
• Live since 2009, so its record spans multiple boom-and-bust turns in Chinese equities rather than one recent stretch.
• The 10/50 index design caps issuer weights, so a single mega-cap e-commerce name cannot quietly grow into most of the portfolio.globalxetfs.com
• Plain passive plumbing: a rules-based index fund in a standard 1940 Act wrapper, no swaps or leverage layered on top.

• 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

• CHIQ At 0.65% a year, it costs several times the 0.08% charged by the largest US consumer sector funds (XLY, FDIS). That is the toll for packaged single-country access.
• One sector, one country, about 60 stocks: Beijing policy shifts, regulation and currency moves all land in the same basket at once.
• It changes hands far less often than the big US sector ETFs, so spreads and order type matter more at the point of trade.

• 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 CHIQ profile⁠

Full CXSE profile⁠