WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund (CXSE) — Stock Correlations & Overview
Over the past year, CXSE has moved most closely with MCH, JCHI, TCHI. Explore the stocks most correlated and inversely correlated with CXSE below, along with its price, financials, and company profile.
Stocks correlated with CXSE
Correlation of daily returns. Higher positive values move with CXSE; negative values move opposite it. Informational only, not investment advice.
Most correlated with CXSE
| Symbol | Company | Correlation |
|---|---|---|
| MCH | Matthews China Active ETF | 0.94 |
| JCHI | JPMorgan Active China ETF | 0.94 |
| TCHI | iShares MSCI China Multisector Tech ETF | 0.93 |
| CNQQ | Rayliant-ChinaAMC Transformative China Tech ETF | 0.93 |
| GXC | State Street SPDR S&P China ETF | 0.92 |
Most inversely correlated with CXSE
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.79 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.78 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.75 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.72 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.72 |
Frequently asked questions about CXSE correlations
- Which stocks are most correlated with CXSE?
- Based on one year of daily returns, the stocks most correlated with WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund (CXSE) are MCH (0.94), JCHI (0.94) and TCHI (0.93). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with CXSE?
- Over the past year, the stocks most inversely correlated with WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund (CXSE) are YANG (-0.79), FXP (-0.78) and YXI (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these CXSE correlations calculated?
- We compute the correlation of daily returns between CXSE and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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