A side-by-side comparison of WisdomTree China ex-State-Owned Enterprises Fund (CXSE) and Invesco Golden Dragon China ETF (PGJ) to help Canadian investors make an informed decision.
1-Year Performance
Normalised to 100 at the start — shows relative return over the trailing 12 months.
Head-to-Head Comparison
| Metric | CXSE | PGJ |
|---|---|---|
| YTD Return | -10.06% | -7.97%✓ |
| 1-Day Change | -0.54%✓ | -1.09% |
| 1-Week Change | -3.27% | -1.45%✓ |
| 1-Month Change | -6.98% | -7.19%✓ |
| Current Price | $34.94 | $21.70 |
| AUM | $454M✓ | $85M |
| MER (Expense Ratio) | 0.32%✓ | 0.7% |
| Dividend Yield | 1.53% | 3.26%✓ |
| Distribution Frequency | Quarterly | NA |
| Inception Date | 2012-09-19 | 2004-12-09 |
| Holdings Count | 49 | 50 |
| MorningStar Rating | ★★★ | ★ |
| Category | Greater China Region | Greater China Region |
| Beta | 0.67 | 0.65 |
| 52-Week High | $44.41 | $33.56 |
| 52-Week Low | $34.80 | $21.55 |
| 50-Day MA | $37.60 | $23.73 |
| 200-Day MA | $39.31 | $26.16 |
✓ marks the better value for return/yield/AUM metrics. Lower ✓ for MER.
Annualised Returns
| Period | CXSE | PGJ |
|---|---|---|
| YTD | -10.06% | -7.97%✓ |
| 1 Year | -16.87%✓ | -32.51% |
| 3 Year | +8.19%✓ | -3.08% |
| 5 Year | -6.29%✓ | -10.03% |
| 10 Year | +4.19%✓ | -2.49% |
| 1Y Volatility | 18.23% | 25.39% |
| Sharpe Ratio (3Y) | 0.26 | -0.14 |
Past performance is not a guarantee of future results.
Top 10 Holdings
| 1 | 0700 | Tencent Holdings Ltd | 7.89% |
| 2 | 9988 | Alibaba Group Holding Ltd | 7.52% |
| 3 | 300750 | Contemporary Amperex Technology Co Ltd Class A | 4.13% |
| 4 | 300308 | Shandong Zhongji Electrical Equipment Co Ltd | 3.71% |
| 5 | 601318 | Ping An Insurance Group Co of China Ltd | 2.51% |
| 6 | 300502 | Eoptolink Technology Inc Ltd | 2.39% |
| 7 | PDD | PDD Holdings Inc. | 1.97% |
| 8 | 1810 | Xiaomi Corp | 1.90% |
| 9 | 000333 | Midea Group Co Ltd | 1.76% |
| 10 | 3690 | Meituan | 1.68% |
| 1 | BABA | Alibaba Group Holding Ltd | 8.10% |
| 2 | JD | JD.com Inc Adr | 7.98% |
| 3 | YUMC | Yum China Holdings Inc | 7.84% |
| 4 | NTES | NetEase Inc | 6.90% |
| 5 | BIDU | Baidu Inc | 6.04% |
| 6 | MAAS | Maase Inc. | 4.23% |
| 7 | EDU | New Oriental Education & Technology | 4.04% |
| 8 | YMM | Full Truck Alliance Co Ltd ADR | 4.04% |
| 9 | HTHT | Huazhu Group Ltd | 3.91% |
| 10 | VIPS | Vipshop Holdings Limited | 3.81% |
Sector Weights
| Sector | CXSE | PGJ |
|---|---|---|
| Basic Materials | 2.86% | 0.00% |
| Communication Services | 12.63% | 23.83% |
| Consumer Cyclicals | 24.36% | 42.89% |
| Consumer Defensive | 4.26% | 9.66% |
| Energy | 0.00% | 0.00% |
| Financial Services | 6.42% | 6.59% |
| Healthcare | 11.55% | 1.19% |
| Industrials | 11.10% | 2.60% |
| Real Estate | 0.86% | 2.71% |
| Technology | 25.72% | 10.52% |
| Utilities | 0.23% | 0.00% |
About CXSE
The fund invests, under normal circumstances, at least 80% of its net assets, plus any borrowings for investment purposes, in constituents of the index and/or investments that have economic characteristics that are substantially similar to the economic characteristics of such constituents. 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. It is non-diversified.
About PGJ
The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is composed of securities of U.S. exchange-listed companies that are headquartered or incorporated in the People's Republic of China. The fund is non-diversified.
Which ETF is Right for You?
Both CXSE and PGJ are listed on Canadian exchanges and accessible through most Canadian brokerages including Questrade, Wealthsimple Trade, TD Direct, and Interactive Brokers.
Based on the available data, PGJ scores higher across our tracked metrics including YTD performance, dividend yield, and AUM — though both ETFs warrant individual research before investing.
- Consider your account type (TFSA, RRSP, non-registered) as it can affect dividend taxation.
- Compare management expense ratios (MER) directly on each provider's website.
- Look at average daily trading volume to assess liquidity.
- Review the fund's underlying index and holdings to ensure the exposure matches your goals.
This is not financial advice. Always do your own research or consult a licensed financial advisor before investing.
Frequently Asked Questions
What is the difference between CXSE and PGJ?
CXSE (WisdomTree China ex-State-Owned Enterprises Fund) and PGJ (Invesco Golden Dragon China ETF) are both Canadian-listed ETFs. Key differences include their AUM ($454M vs $85M), dividend yield (1.53% vs 3.26%), and year-to-date performance (-10.06% vs -7.97%).
Is CXSE better than PGJ?
There is no single "better" ETF — it depends on your investment goals. If you prioritise dividends, compare both yields and choose based on your income needs. Always review the fund's prospectus and consider your tax situation.
Can I buy CXSE and PGJ on Wealthsimple?
Most Canadian-listed ETFs are available on Wealthsimple Trade commission-free. Both CXSE and PGJ should be accessible. Check Wealthsimple's supported tickers list to confirm availability.
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