WisdomTree Emerging Currency Strategy Fund (CEW) Performance
CEW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +4.0% since Dec 31, 2025
- 1 year
- +6.3% total return
- 5 years
- +4.1% a year
- 10 years
- +2.3% a year
- Since first price
- +1.3% a year since 2009
CEW trailing returns vs AGG, TLT, SPY
| Period | CEW total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | −0.1% | −0.1% | +0.9% | +1.5% | −1.0% |
| 3 months | +1.4% | +1.4% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.3% | +1.3% | −1.5% | −3.8% | +7.8% |
| YTD | +4.0% | +4.0% | −1.0% | −3.4% | +12.3% |
| 1 year | +6.3% | +3.7% | −1.1% | −6.9% | +14.4% |
| 3 years | +24.9%+7.7%/yr | +13.4% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | +22.3%+4.1%/yr | +10.2% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| 10 years | +26.0%+2.3%/yr | +8.6% | +14.0%+1.3%/yr | −18.7%−2.0%/yr | +315.9%+15.3%/yr |
| 15 years | +13.6%+0.9%/yr | −7.2% | +32.2%+1.9%/yr | +9.9%+0.6%/yr | +696.0%+14.8%/yr |
| Since inceptionMay 6, 2009 | +24.6%+1.3%/yr | −2.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CEW vs AGG
From May 6, 2009: CEW grew to $12,464, AGG to $15,555.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CEW returns by calendar year
7 of 16 full years positive. Best 2025 (+14.5%), worst 2015 (−9.6%). 2026 is year to date.
CEW annual returns table
| Year | CEW | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +4.0% | −3.9% | −1.0% | −3.4% | +12.3% |
| 2025 | +14.5% | −4.2% | +7.2% | +4.3% | +17.7% |
| 2024 | −1.0% | −5.3% | +1.3% | −8.1% | +24.9% |
| 2023 | +9.1% | −4.8% | +5.7% | +2.8% | +26.2% |
| 2022 | −1.7% | −11.2% | −13.0% | −31.2% | −18.2% |
| 2021 | −6.6% | −8.3% | −1.8% | −4.6% | +28.7% |
| 2020 | −0.1% | −13.3% | +7.5% | +18.2% | +18.3% |
| 2019 | +4.8% | −4.5% | +8.5% | +14.1% | +31.2% |
| 2018 | −5.1% | −11.6% | +0.1% | −1.6% | −4.6% |
| 2017 | +11.1% | −3.4% | +3.6% | +9.2% | +21.7% |
| 2016 | +4.1% | −6.7% | +2.4% | +1.2% | +12.0% |
| 2015 | −9.6% | −12.4% | +0.5% | −1.8% | +1.2% |
| 2014 | −7.2% | −11.6% | +6.0% | +27.3% | +13.5% |
| 2013 | −4.9% | −8.9% | −2.0% | −13.4% | +32.3% |
| 2012 | +7.0% | −8.1% | +3.8% | +2.6% | +16.0% |
| 2011 | −8.0% | −13.2% | +7.7% | +34.0% | +1.9% |
| 2010 | +6.4% | −7.2% | +6.4% | +9.0% | +15.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CEW largest drawdowns
Now 2.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Apr 29, 2011 | −27.8% | Jan 20, 2016 | Jan 26, 2026 | 4.7 years | 14.7 years |
| Apr 15, 2010 | −7.2% | Jun 7, 2010 | Sep 21, 2010 | 53 days | 5 months |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
CEW risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2009 |
|---|---|---|---|---|
| Annualized return | +7.4% | +4.1% | +2.2% | +1.1% |
| Volatility (annualized) | 5.2% | 6.9% | 7.1% | 7.8% |
| Sharpe ratio | 0.57 | 0.10 | 0.03 | 0.01 |
| Sortino ratio | 0.83 | 0.14 | 0.04 | 0.02 |
| Best month | +2.9% | +5.0% | +5.0% | +6.3% |
| Worst month | −2.6% | −4.1% | −6.7% | −9.7% |
| Best 12 months | +14.8% | +14.8% | +14.8% | +14.8% |
| Worst 12 months | −1.0% | −10.7% | −10.7% | −15.5% |
| Positive months | 69% | 62% | 58% | 56% |
| Beta vs S&P 500 | 0.17 | 0.24 | 0.25 | — |
| Correlation with S&P 500 | 0.40 | 0.55 | 0.54 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CEW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 198 | −15.5% | +2.0% | +14.8% | 57% |
| 3-year (a year) | 174 | −7.9% | +0.1% | +8.9% | 53% |
| 5-year (a year) | 150 | −4.8% | −0.6% | +4.2% | 43% |
| 10-year (a year) | 90 | −2.2% | −0.6% | +3.1% | 29% |
Every holding period starting at a month-end since 2009. Returns for 3 years and longer are annualized.
CEW performance overview
WisdomTree Emerging Currency Strategy Fund (CEW) returned +6.3% over the past year and +2.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2009 it has returned +1.3% a year, turning $10,000 into about $12,464. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −27.8%, from Apr 29, 2011 to Jan 20, 2016, and it took 10.0 years to get back to the old high. CEW finished 7 of its 16 full calendar years with a gain; the best year was 2025 (+14.5%) and the worst 2015 (−9.6%). Volatility has been 7.8% a year.
Related: CEW chart, CEW dividends, CEW bond profile. See the CEW overview for the latest quote and fund facts.
CEW performance FAQ
What is the CEW return over the past year?
CEW returned +6.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 3.7%.
What is the average annual return of CEW?
CEW has returned +4.1% a year over 5 years, +2.3% a year over 10 years, +1.3% a year since May 6, 2009 (total return, distributions reinvested).
How much would $10,000 invested in CEW be worth?
$10,000 invested in CEW at its first recorded close on May 6, 2009 would be worth about $12,464 on October 23, 2026 with distributions reinvested.
What was the worst year for CEW?
The worst calendar year was 2015, with a total return of −9.6%. The best was 2025 at +14.5%.
What is the biggest drawdown of CEW?
The largest peak-to-trough decline was −27.8% between April 29, 2011 and January 20, 2016. It recovered to the old high on January 26, 2026, 10.0 years after the bottom.
How volatile is CEW?
Over the past 3 years CEW had an annualized volatility of 5.2% and a Sharpe ratio of 0.57 (excess return over 1–3 month T-bills per unit of risk).