CXSE vs SPY
WisdomTree China ex-State-Owned Enterprises Fund vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | CXSE | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.32% | 0.09% | |
| AUM | $495M | $821.1B | |
| Dividend Yield | 1.52% | 1.01% | |
| Holdings | 257 | 505 | |
| YTD Return | -7.19% | +12.22% | |
| 1Y Return | +0.07% | +20.83% | |
| 3Y Return (annualized) | +10.16% | +21.70% | |
| 5Y Return (annualized) | -4.69% | +12.98% | |
| Volatility (annualized) | 24.9% | 15.3% | |
| Max Drawdown | -70.0% | -56.5% | |
| Fund Family | WisdomTree Investments | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Sep 19, 2012 | Jan 22, 1993 |
CXSE vs SPY Performance
WisdomTree China ex-State-Owned Enterprises Fund (CXSE) is a ETF from WisdomTree Investments and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year CXSE returned +0.07% while SPY returned +20.83%. Year to date, CXSE is down 7.19% versus a gain of 12.22% for SPY.
Over three years, CXSE compounded at +10.16% per year against +21.70% for SPY; over five years the annualized figures are -4.69% and +12.98% respectively. Across the full 14-year window we track, SPY has the edge at +8.79% annualized vs +3.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CXSE has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 15.3% for SPY. 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 -56.5% for SPY. 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 SPY charges 0.09%. On a $10,000 position that is $32 vs $9 annually, a gap of $23 per year that compounds over a long holding period. On income, CXSE currently yields 1.52% against 1.01% for SPY.
Holdings Overlap
CXSE and SPY share 0 holdings out of 755 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, CXSE or SPY?
CXSE has an expense ratio of 0.32% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $23 per year of difference.
Which performed better, CXSE or SPY?
Over the past year CXSE returned +0.07% vs +20.83% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (14 years), CXSE annualized +3.64% vs +8.79% for SPY. Past performance does not guarantee future results.
Which is riskier, CXSE or SPY?
CXSE has been the more volatile fund at 24.9% annualized versus 15.3% for SPY. Worst drawdown: CXSE -70.0% vs SPY -56.5%.
Should I hold both CXSE and SPY?
CXSE and SPY 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 SPY?
CXSE and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 755 unique securities.
Which pays a higher dividend, CXSE or SPY?
CXSE yields 1.52% while SPY yields 1.01%, so CXSE currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.