WisdomTree China ex-State-Owned Enterprises Fund (CXSE) Performance
CXSE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −18.8% since Dec 31, 2025
- 1 year
- −22.2% total return
- 5 years
- −9.4% a year
- 10 years
- +3.3% a year
- Since first price
- +3.4% a year since 2012
CXSE trailing returns vs SPY, QQQ, AGG
| Period | CXSE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −11.0% | −11.7% | −1.0% | −5.0% | +0.9% |
| 3 months | −14.1% | −14.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −18.6% | −19.4% | +7.8% | +8.4% | −1.5% |
| YTD | −18.8% | −19.6% | +12.3% | +15.1% | −1.0% |
| 1 year | −22.2% | −23.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +21.5%+6.7%/yr | +15.3% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −39.0%−9.4%/yr | −43.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +38.4%+3.3%/yr | +21.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionSep 20, 2012 | +59.6%+3.4%/yr | +29.7% | — | — | — |
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: CXSE vs SPY
From Sep 20, 2012: CXSE grew to $15,960, SPY to $66,206.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CXSE returns by calendar year
6 of 13 full years positive. Best 2017 (+81.5%), worst 2022 (−29.3%). 2026 is year to date.
CXSE annual returns table
| Year | CXSE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −18.8% | −24.9% | +12.3% | +15.1% | −1.0% |
| 2025 | +37.0% | −22.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +8.6% | −24.7% | +24.9% | +25.6% | +1.3% |
| 2023 | −18.0% | −34.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −29.3% | −46.6% | −18.2% | −32.6% | −13.0% |
| 2021 | −23.7% | −40.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +59.4% | −21.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +38.0% | −17.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −28.5% | −37.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +81.5% | −9.8% | +21.7% | +32.7% | +3.6% |
| 2016 | −0.2% | −21.1% | +12.0% | +7.1% | +2.4% |
| 2015 | −4.7% | −41.6% | +1.2% | +9.4% | +0.5% |
| 2014 | +1.4% | −12.0% | +13.5% | +19.2% | +6.0% |
| 2013 | −2.7% | −22.2% | +32.3% | +36.6% | −2.0% |
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.
CXSE largest drawdowns
Now 56.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −70.0% | Feb 2, 2024 | not yet | 3.0 years | 5.7 years so far |
| Apr 27, 2015 | −41.6% | Aug 24, 2015 | May 24, 2017 | 4 months | 2.1 years |
| Jan 26, 2018 | −38.6% | Jan 3, 2019 | Jun 19, 2020 | 11 months | 2.4 years |
| Jan 10, 2013 | −22.2% | Jun 24, 2013 | Jul 28, 2014 | 5 months | 1.5 years |
| Sep 4, 2014 | −12.0% | Oct 15, 2014 | Apr 6, 2015 | 41 days | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CXSE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2012 |
|---|---|---|---|---|
| Annualized return | +7.8% | −6.6% | +4.3% | +4.0% |
| Volatility (annualized) | 24.0% | 29.7% | 26.3% | 24.9% |
| Sharpe ratio | 0.24 | -0.21 | 0.20 | 0.22 |
| Sortino ratio | 0.45 | -0.32 | 0.31 | 0.33 |
| Best month | +26.8% | +28.9% | +28.9% | +28.9% |
| Worst month | −14.8% | −15.8% | −15.8% | −15.8% |
| Best 12 months | +58.1% | +58.1% | +83.8% | +83.8% |
| Worst 12 months | −19.8% | −51.1% | −51.1% | −51.1% |
| Positive months | 42% | 40% | 49% | 52% |
| Beta vs S&P 500 | 0.39 | 0.43 | 0.59 | — |
| Correlation with S&P 500 | 0.20 | 0.23 | 0.34 | — |
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.
CXSE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 158 | −51.1% | +3.8% | +83.8% | 54% |
| 3-year (a year) | 134 | −29.7% | +7.2% | +22.9% | 67% |
| 5-year (a year) | 110 | −9.7% | +5.7% | +29.7% | 55% |
| 10-year (a year) | 50 | +0.7% | +3.7% | +9.0% | 100% |
Every holding period starting at a month-end since 2012. Returns for 3 years and longer are annualized.
CXSE performance overview
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) returned −22.2% over the past year and +3.3% a year over ten years, with distributions reinvested. Since its first recorded price in 2012 it has returned +3.4% a year, turning $10,000 into about $15,960. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −70.0%, from Feb 17, 2021 to Feb 2, 2024; the fund has not yet regained that high. CXSE finished 6 of its 13 full calendar years with a gain; the best year was 2017 (+81.5%) and the worst 2022 (−29.3%). Volatility has been 24.9% a year.
Related: CXSE chart, CXSE holdings, CXSE dividends. See the CXSE overview for the latest quote and fund facts.
CXSE performance FAQ
What is the CXSE return over the past year?
CXSE returned −22.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 23.6%.
What is the average annual return of CXSE?
CXSE has returned −9.4% a year over 5 years, +3.3% a year over 10 years, +3.4% a year since September 20, 2012 (total return, distributions reinvested).
How much would $10,000 invested in CXSE be worth?
$10,000 invested in CXSE at its first recorded close on September 20, 2012 would be worth about $15,960 on October 23, 2026 with distributions reinvested.
What was the worst year for CXSE?
The worst calendar year was 2022, with a total return of −29.3%. The best was 2017 at +81.5%.
What is the biggest drawdown of CXSE?
The largest peak-to-trough decline was −70.0% between February 17, 2021 and February 2, 2024. It has not yet recovered to that high; it is 56.6% below its peak.
How volatile is CXSE?
Over the past 3 years CXSE had an annualized volatility of 24.0% and a Sharpe ratio of 0.24 (excess return over 1–3 month T-bills per unit of risk).