ETF Evaluator:
WisdomTree China ex-State-Owd Entpr ETF (CXSE)
Follow This ETF
(as of Jul 31)
Best Performing in Greater China Region Over the Last Year
| 131.8% | KraneShares SSE STAR Market 50 ETF (KSTR) |
| 116.9% | VanEck ChiNext Innovators ETF (CNXT) |
| 103.9% | Franklin FTSE Taiwan ETF (FLTW) |
| 98.9% | iShares MSCI Taiwan ETF (EWT) |
| 85.9% | Matthews China Innovators Active ETF (MCHS) |
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ETF Details
WisdomTree China ex-State-Owd Entpr ETF Overview
WisdomTree China ex-State-Owd Entpr ETF (CXSE) is a passively managed International Equity Greater China Region exchange-traded fund (ETF). WisdomTree launched the ETF in 2012.
The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree China ex-State-Owned Enterprises Index.
Under normal circumstances, at least 80% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in constituent securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such constituent securities. The index is a modified float-adjusted market cap weighted index that consists of common stocks in China, excluding common stocks of "state-owned enterprises." The fund is non-diversified.
About WisdomTree China ex-State-Owd Entpr ETF (CXSE)
There are 5 members of the management team with an average tenure of 5.14 years: Marlene Walker-Smith (2020), David France (2021), Todd Frysinger (2021), Vlasta Sheremeta (2021) and Michael Stoll (2021). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI China NR USD index with a weighting of 100% and WisdomTree China Ex-St-Own Etp TR USD index with a weighting of 100%. WisdomTree China ex-State-Owd Entpr ETF has 261 securities in its portfolio. The top 10 holdings constitute 35.7% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
WisdomTree China ex-State-Owd Entpr ETF is part of the Equity global asset class and is within the International Equity ETF group. WisdomTree China ex-State-Owd Entpr ETF has 98.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 1.2% There is 98.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). WisdomTree China ex-State-Owd Entpr ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $498 million in total assets, which is below the $1 billion average for the Greater China Region category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
CXSE Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The WisdomTree China ex-State-Owd Entpr ETF expense ratio is below average compared to funds in the Greater China Region category. WisdomTree China ex-State-Owd Entpr ETF has an expense ratio of 0.32%, which is 52% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. WisdomTree China ex-State-Owd Entpr ETF has a portfolio turnover rate of 37%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Greater China Region category.
Recently, in the month of June 2026, WisdomTree China ex-State-Owd Entpr ETF returned -2.6%, which earned it a grade of C, as the Greater China Region category had an average return of -1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
WisdomTree China ex-State-Owd Entpr ETF has a trailing yield of 1.49%, which is below the 3.30% category average.
The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
WisdomTree China ex-State-Owd Entpr ETF Grades
Year to date, the ETF has returned -3.7%, 9.8 percentage points worse than the category, which translates into a grade of C. The fund has returned 14.5% over the past year (grade of C), 9.9% over the past three years (grade of C) and -9.1% per year over the past five years (grade of D) and 6.8% per year over the past 10 years (grade of B).
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CXSE Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| CXSE Return (NAV) | -2.6% | 5.1% | 14.5% | 9.9% | -9.1% | 6.8% |
| CXSE Return (Price) | -2.2% | 3.0% | 14.6% | 10.0% | -9.1% | 6.9% |
| NAV +/- Price Return | -0.484% | 2.014% | -0.113% | -0.108% | -0.066% | -0.098% |
| Greater China Region Avg | -1.6% | 9.3% | 25.1% | 12.4% | -3.2% | 5.6% |
| CXSE Grade (NAV) | C | C | C | C | D | B |
| +/- Category (NAV) | -1.1% | -4.2% | -10.6% | -2.5% | -6.0% | 1.2% |
| CXSE Tax-Cost Ratio | na | na | 0.4% | 0.5% | 0.5% | 0.4% |
CXSE Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| CXSE Return (NAV) | -3.7% | 36.4% | 9.6% | -18.7% | -28.9% | -23.8% | 60.6% | 36.4% | -27.9% | 78.0% | -1.2% |
| CXSE Return (Price) | -2.8% | 37.0% | 8.6% | -18.0% | -29.3% | -23.7% | 59.4% | 38.0% | -28.5% | 80.0% | -0.2% |
| NAV +/- Price Ret | -0.246% | 0.016% | -0.104% | -0.035% | 0.015% | -0.004% | -0.020% | 4.2% | 2.2% | 2.6% | -86.5% |
| Greater China Region Avg | 6.2% | 30.4% | 11.2% | -10.5% | -25.1% | -7.2% | 42.8% | 26.9% | -22.9% | 45.1% | -6.2% |
| CXSE Grade (NAV) | C | B | D | F | F | F | A | A | D | A | B |
| +/- Category | -9.8% | 6.0% | -1.6% | -8.2% | -3.8% | -16.6% | 17.8% | 9.5% | -5.0% | 32.9% | 5.0% |
| Risk Measures | |
| Beta: | 0.78 |
| R-Squared: | 16% |
| Standard Deviation: | 27.3% |
| Category Risk Index: | 1.06 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 2.24 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 1.5% |
| Total Assets: | $ 499 Mil |
| Share Class Assets: | $ 499 Mil |
| Turnover: | 37.0% |
| Expense Ratio: | 0.32% |
| Index Fund: | Yes |
| Index Tracked: | MSCI China NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 5.7 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Walker-Smith Marlene (2020), France David (2021), Frysinger Todd (2021), Sheremeta Vlasta (2021), Stoll Michael (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 261 |
| % in Top 10 Holdings: | 35.7% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 98.8% |
Portfolio Allocation |
|
| Domestic Stock: | 1.2% |
| Foreign Stock: | 98.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | WisdomTree |
| Phone Number: | 866-909-9473 |
| Website: | www.wisdomtree.com |
| Inception Date: | September 19, 2012 |
Expenses and Fees
| Expense Ratio (%): | 0.32% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.67% |
