- ISIN
- US97717X5784
- CUSIP
- 97717X578
- Issuer
- WisdomTree
- Inception Date
- Dec 10, 2014
- Region
- Emerging Markets (Broad)
- Category
- Emerging Markets Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- WisdomTree Emerging Markets ex-State-Owned Enterprises Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $2B
Highlights
- Avg. Volume (1M)
- 130K
- Avg. Volume Value (1M)
- $5.94M
Share Price Chart
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Performance
XSOE Performance Chart
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) is up 16.9% since the beginning of the year. XSOE is currently trading at $45 per share. Investors who bought $1,000 worth of XSOE shares 5 years ago would now be looking at an investment worth $1,265.
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Returns By Period
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has returned 16.94% so far this year and 34.12% over the past 12 months. Over the last ten years, XSOE has returned 9.07% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
- 1D
- 0.73%
- 1M
- -3.72%
- 6M
- 9.40%
- YTD
- 16.94%
- 1Y
- 34.12%
- 3Y*
- 17.32%
- 5Y*
- 4.82%
- 10Y*
- 9.07%
- ALL TIME*
- 7.19%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
XSOE Monthly Returns History
Based on dividend-adjusted daily data since Dec 10, 2014, XSOE's average daily return is +0.04%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 57% of months were positive and 43% were negative. The best month was Nov 2022 with a return of +15.1%, while the worst month was Mar 2020 at -15.7%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, XSOE closed higher 47% of trading days. The best single day was Mar 16, 2022 with a return of +8.5%, while the worst single day was Mar 16, 2020 at -11.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.89% | 5.95% | -9.15% | 12.99% | 8.12% | 0.97% | -7.87% | 16.94% | |||||
| 2025 | 0.95% | -0.75% | 1.08% | 0.87% | 4.37% | 6.59% | 0.52% | 2.71% | 7.12% | 3.64% | -2.24% | 2.11% | 30.05% |
| 2024 | -5.26% | 4.86% | 2.68% | -0.61% | 1.81% | 3.25% | 1.24% | 0.42% | 6.59% | -3.06% | -2.34% | -2.12% | 7.02% |
| 2023 | 9.82% | -8.02% | 3.30% | -1.51% | -1.60% | 4.27% | 6.76% | -6.60% | -3.74% | -3.26% | 7.71% | 4.57% | 10.28% |
| 2022 | -1.90% | -5.34% | -4.34% | -7.07% | 0.36% | -4.61% | -0.35% | -1.29% | -11.95% | -2.03% | 15.13% | -3.93% | -25.83% |
| 2021 | 3.88% | 0.75% | -1.93% | 1.18% | 1.00% | 1.72% | -7.23% | 0.67% | -4.48% | 1.69% | -3.58% | 0.82% | -5.92% |
Benchmark Metrics
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund has an annualized alpha of -0.93%, beta of 0.79, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since December 10, 2014.
- This ETF participated in 89.58% of S&P 500 Index downside but only 73.17% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -0.93%
- Beta
- 0.79
- R²
- 0.46
- Upside Capture
- 73.17%
- Downside Capture
- 89.58%
Expense Ratio
XSOE has an expense ratio of 0.32%, placing it in the medium range.
Return for Risk
Risk / Return Rank
XSOE ranks 59 for risk / return — above 59% of ETFs peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XSOE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.00 | +0.25 |
| Martin ratioReturn relative to average drawdown | 7.19 | 8.49 | -1.31 |
Dividends
Dividend History
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund provided a 1.67% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.59 | $0.44 | $0.52 | $0.68 | $0.50 | $0.41 | $0.63 | $0.40 | $0.21 | $0.31 | $0.80 |
Dividend yield | 1.67% | 1.50% | 1.44% | 1.78% | 2.53% | 1.36% | 1.02% | 2.01% | 1.56% | 0.65% | 1.43% | 3.93% |
Monthly Dividends
The table displays the monthly dividend distributions for WisdomTree Emerging Markets ex-State-Owned Enterprises Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.28 | $0.00 | $0.33 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.23 | $0.59 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.13 | $0.44 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.18 | $0.52 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.38 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.00 | $0.68 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.04 | $0.50 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the WisdomTree Emerging Markets ex-State-Owned Enterprises Fund was 45.23%, occurring on Oct 24, 2022. Recovery took 813 trading sessions.
The current WisdomTree Emerging Markets ex-State-Owned Enterprises Fund drawdown is 10.73%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-45.23%Oct 2022 | 1y 8mo | 3y 3mo | 4y 11moFeb 2021 - Jan 2026 | Bear market2022 |
-35.06%Mar 2020 | 2y 1mo | 4mo 15d | 2y 6moJan 2018 - Aug 2020 | COVID crash2020 |
-31.23%Jan 2016 | 8mo 26d | 1y 3mo | 2y 11dApr 2015 - May 2017 | — |
-14.79%Jul 2026 | 1mo 6d | — | 1mo 11dJun 2026 - now | — |
-13.31%Mar 2026 | 1mo 2d | 18d | 1mo 20dFeb 2026 - Apr 2026 | — |
Drawdown Indicators
| XSOE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.23% | -56.78% | +11.55% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -9.10% | -5.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.96% | -18.90% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -38.76% | -25.43% | -13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -45.23% | -33.92% | -11.31% |
Current DrawdownCurrent decline from peak | -10.73% | -1.58% | -9.15% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -10.70% | -6.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.62% | 2.14% | +2.48% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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