EMXC.DE vs. XSOE.DE
EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) and XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) are both Emerging Markets Equities funds - EMXC.DE tracks the MSCI EM NR USD while XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. Both are passively managed. Over the past 3 years, EMXC.DE returned 25.05%/yr vs 18.45%/yr for XSOE.DE. Their correlation of 0.84 suggests significant overlap in exposure. EMXC.DE charges 0.15%/yr vs 0.32%/yr for XSOE.DE.
Performance
EMXC.DE vs. XSOE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC.DE achieves a 40.23% return, which is significantly higher than XSOE.DE's 24.59% return.
EMXC.DE
- 1D
- -1.80%
- 1M
- 5.62%
- YTD
- 40.23%
- 6M
- 42.71%
- 1Y
- 66.91%
- 3Y*
- 25.05%
- 5Y*
- 13.66%
- 10Y*
- —
XSOE.DE
- 1D
- -1.43%
- 1M
- 3.69%
- YTD
- 24.59%
- 6M
- 25.63%
- 1Y
- 45.75%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
EMXC.DE vs. XSOE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 40.23% | 19.92% | 9.13% | 14.33% | -13.60% | 5.64% |
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.59% | 16.93% | 10.26% | 6.05% | -19.00% | 3.24% |
Correlation
The correlation between EMXC.DE and XSOE.DE is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.84 |
The correlation between EMXC.DE and XSOE.DE has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.
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Return for Risk
EMXC.DE vs. XSOE.DE — Risk / Return Rank
EMXC.DE
XSOE.DE
EMXC.DE vs. XSOE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) and WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| EMXC.DE | XSOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.47 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 5.78 | 4.33 | +1.45 |
| Martin ratioReturn relative to average drawdown | 21.97 | 15.99 | +5.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EMXC.DE | XSOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.46 | 2.60 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.44 | +0.25 |
Drawdowns
EMXC.DE vs. XSOE.DE - Drawdown Comparison
The maximum EMXC.DE drawdown since its inception was -38.77%, which is greater than XSOE.DE's maximum drawdown of -27.69%. Use the drawdown chart below to compare losses from any high point for EMXC.DE and XSOE.DE.
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Drawdown Indicators
| EMXC.DE | XSOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -27.69% | -11.08% |
Max Drawdown (1Y)Largest decline over 1 year | -11.87% | -10.85% | -1.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.48% | -19.83% | -0.65% |
Max Drawdown (5Y)Largest decline over 5 years | -20.48% | — | — |
Current DrawdownCurrent decline from peak | -2.53% | -2.39% | -0.14% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -12.90% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.94% | +0.19% |
Volatility
EMXC.DE vs. XSOE.DE - Volatility Comparison
Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a higher volatility of 8.44% compared to WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) at 7.20%. This indicates that EMXC.DE's price experiences larger fluctuations and is considered to be riskier than XSOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXC.DE | XSOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.44% | 7.20% | +1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 17.23% | 15.05% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.85% | 18.10% | +1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.83% | 17.27% | -1.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 17.27% | +1.23% |
EMXC.DE vs. XSOE.DE - Expense Ratio Comparison
EMXC.DE has a 0.15% expense ratio, which is lower than XSOE.DE's 0.32% expense ratio.
Dividends
EMXC.DE vs. XSOE.DE - Dividend Comparison
Neither EMXC.DE nor XSOE.DE has paid dividends to shareholders.
Frequently Asked Questions
EMXC.DE and XSOE.DE have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.32% for XSOE.DE.
EMXC.DE tracks MSCI EM NR USD, while XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. They also come from different issuers: Amundi and WisdomTree. Their fees differ too: 0.15% for EMXC.DE and 0.32% for XSOE.DE.
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