CXSE vs QQQ
WisdomTree China ex-State-Owned Enterprises Fund vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. CXSE offers more diversification with 257 holdings.
Side-by-Side Comparison
| Metric | CXSE | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.18% | |
| AUM | $495M | $496.3B | |
| Dividend Yield | 1.52% | 0.44% | |
| Holdings | 257 | 108 | |
| YTD Return | -6.67% | +16.64% | |
| 1Y Return | +0.22% | +27.27% | |
| 3Y Return (annualized) | +10.60% | +25.96% | |
| 5Y Return (annualized) | -5.04% | +14.54% | |
| Volatility (annualized) | 24.9% | 30.6% | |
| Max Drawdown | -70.0% | -83.0% | |
| Fund Family | WisdomTree Investments | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Sep 19, 2012 | Mar 10, 1999 |
CXSE vs QQQ Performance
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is a ETF from WisdomTree Investments and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year CXSE returned +0.22% while QQQ returned +27.27%. Year to date, CXSE is down 6.67% versus a gain of 16.64% for QQQ.
Over three years, CXSE compounded at +10.60% per year against +25.96% for QQQ; over five years the annualized figures are -5.04% and +14.54% respectively. Across the full 14-year window we track, QQQ has the edge at +13.03% annualized vs +3.68%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 24.9% for CXSE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -70.0% for CXSE and -83.0% for QQQ. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
CXSE charges 0.32% per year while QQQ charges 0.18%. On a $10,000 position that is $32 vs $18 annually, a gap of $14 per year that compounds over a long holding period. On income, CXSE currently yields 1.52% against 0.44% for QQQ.
Holdings Overlap
CXSE and QQQ share 1 holdings out of 352 unique holdings combined, representing a 0.3% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in CXSE | Weight in QQQ | Difference |
|---|---|---|---|
| PDD:IE | 2.50% | 0.27% | 2.23% |
Frequently Asked Questions
Which is cheaper, CXSE or QQQ?
CXSE has an expense ratio of 0.32% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, CXSE or QQQ?
Over the past year CXSE returned +0.22% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (14 years), CXSE annualized +3.68% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, CXSE or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 24.9% for CXSE. Worst drawdown: CXSE -70.0% vs QQQ -83.0%.
Should I hold both CXSE and QQQ?
CXSE and QQQ have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between CXSE and QQQ?
CXSE and QQQ share 1 common holdings with a 0.3% weight overlap. Combined, they hold 352 unique securities.
Which pays a higher dividend, CXSE or QQQ?
CXSE yields 1.52% while QQQ yields 0.44%, so CXSE currently pays the higher dividend yield.
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