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EPI vs. XCEM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EPI vs. XCEM

Last updated Jun 24, 2026

EPI (WisdomTree India Earnings Fund) and XCEM (Columbia EM Core ex-China ETF) are both Emerging Markets Equities funds - EPI tracks the WisdomTree India Earnings Index while XCEM tracks the MSCI Emerging Markets ex China Index. Both are passively managed. Over the past 10 years, EPI returned 9.68%/yr vs 12.62%/yr for XCEM. A 0.59 correlation means they provide meaningful diversification when combined. EPI charges 0.84%/yr vs 0.16%/yr for XCEM.

Performance

EPI vs. XCEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree India Earnings Fund (EPI) and Columbia EM Core ex-China ETF (XCEM). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EPI achieves a -7.84% return, which is significantly lower than XCEM's 34.20% return. Over the past 10 years, EPI has underperformed XCEM with an annualized return of 9.68%, while XCEM has yielded a comparatively higher 12.62% annualized return.

EPI

1D
-1.80%
1M
0.68%
YTD
-7.84%
6M
-8.06%
1Y
-7.64%
3Y*
7.99%
5Y*
6.29%
10Y*
9.68%

XCEM

1D
-6.33%
1M
4.21%
YTD
34.20%
6M
36.41%
1Y
61.17%
3Y*
24.94%
5Y*
11.50%
10Y*
12.62%
*Multi-year figures are annualized to reflect compound growth (CAGR)

EPI vs. XCEM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EPI
WisdomTree India Earnings Fund		-7.84%2.25%10.70%26.03%-4.74%26.41%18.55%1.53%-9.88%39.14%
XCEM
Columbia EM Core ex-China ETF		34.20%34.05%0.42%19.96%-17.59%7.87%9.47%19.74%-11.75%34.78%

Correlation

The correlation between EPI and XCEM is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.58

Correlation (3Y)
Calculated over the trailing 3-year period

0.57

Correlation (5Y)
Calculated over the trailing 5-year period

0.62

Correlation (10Y)
Calculated over the trailing 10-year period

0.61

Correlation (All Time)
Calculated using the full available price history since Sep 2, 2015

0.59

The correlation between EPI and XCEM has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

EPI vs. XCEM - Sectors Allocation Comparison

Sectors
EPI
XCEM

Financial Services

23.2%
22.8%

Energy

16.4%
3.8%

Basic Materials

14.2%
6.4%

Industrials

9.9%
9.7%

Technology

8.3%
37.1%

Utilities

8.3%
1.9%

Consumer Cyclical

7.6%
6.3%

Healthcare

5.8%
2.9%

Consumer Defensive

3.5%
3.0%

Communication Services

2.0%
4.2%

Real Estate

0.9%
1.8%

Financial Services

EPI
23.2%
XCEM
22.8%

Energy

EPI
16.4%
XCEM
3.8%

Basic Materials

EPI
14.2%
XCEM
6.4%

Industrials

EPI
9.9%
XCEM
9.7%

Technology

EPI
8.3%
XCEM
37.1%

Utilities

EPI
8.3%
XCEM
1.9%

Consumer Cyclical

EPI
7.6%
XCEM
6.3%

Healthcare

EPI
5.8%
XCEM
2.9%

Consumer Defensive

EPI
3.5%
XCEM
3.0%

Communication Services

EPI
2.0%
XCEM
4.2%

Real Estate

EPI
0.9%
XCEM
1.8%

Compare stocks, funds, or ETFs

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WisdomTree India Earnings Fund

Columbia EM Core ex-China ETF

Often compared with EPI:
EPI vs. INDAEPI vs. FLINEPI vs. INDYEPI vs. SMINEPI vs. NFTYEPI vs. GLINEPI vs. INCO
Often compared with XCEM:
XCEM vs. EMXCXCEM vs. KEMXXCEM vs. VWOXCEM vs. SPEMXCEM vs. EDIVXCEM vs. XCXCEM vs. EMGF

Return for Risk

EPI vs. XCEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
EPI
EPI Risk / Return Rank: 55
Overall Rank
EPI Sharpe Ratio Rank: 55
Sharpe Ratio Rank
EPI Sortino Ratio Rank: 44
Sortino Ratio Rank
EPI Omega Ratio Rank: 55
Omega Ratio Rank
EPI Calmar Ratio Rank: 55
Calmar Ratio Rank
EPI Martin Ratio Rank: 44
Martin Ratio Rank
XCEM
XCEM Risk / Return Rank: 8282
Overall Rank
XCEM Sharpe Ratio Rank: 8383
Sharpe Ratio Rank
XCEM Sortino Ratio Rank: 7474
Sortino Ratio Rank
XCEM Omega Ratio Rank: 8383
Omega Ratio Rank
XCEM Calmar Ratio Rank: 8383
Calmar Ratio Rank
XCEM Martin Ratio Rank: 8484
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EPI vs. XCEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree India Earnings Fund (EPI) and Columbia EM Core ex-China ETF (XCEM). 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.

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.

EPIXCEMDifference
Sharpe ratioReturn per unit of total volatility
-0.50
2.53

-3.04

Sortino ratioReturn per unit of downside risk
-0.63
3.12

-3.76

Omega ratioGain probability vs. loss probability

0.93

1.47

-0.54

Calmar ratioReturn relative to maximum drawdown

-0.45

4.25

-4.71

Martin ratioReturn relative to average drawdown

-1.05

16.39

-17.43

EPI vs. XCEM - Sharpe Ratio Comparison

The current EPI Sharpe Ratio is -0.50, which is lower than the XCEM Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of EPI and XCEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EPI vs. XCEM - Drawdown Comparison

The maximum EPI drawdown since its inception was -66.21%, which is greater than XCEM's maximum drawdown of -41.24%. Use the drawdown chart below to compare losses from any high point for EPI and XCEM.

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Drawdown Indicators

EPIXCEMDifference

Max Drawdown

Largest peak-to-trough decline

-66.21%

-41.24%

-24.97%

Max Drawdown (1Y)

Largest decline over 1 year

-16.88%

-14.46%

-2.42%

Max Drawdown (3Y)

Largest decline over 3 years

-21.89%

-18.92%

-2.97%

Max Drawdown (5Y)

Largest decline over 5 years

-21.89%

-29.57%

+7.68%

Max Drawdown (10Y)

Largest decline over 10 years

-50.29%

-41.24%

-9.05%

Current Drawdown

Current decline from peak

-15.84%

-6.33%

-9.51%

Average Drawdown

Average peak-to-trough decline

-18.64%

-8.57%

-10.07%

Ulcer Index

Depth and duration of drawdowns from previous peaks

7.33%

3.74%

+3.59%

Volatility

EPI vs. XCEM - Volatility Comparison

The current volatility for WisdomTree India Earnings Fund (EPI) is 4.49%, while Columbia EM Core ex-China ETF (XCEM) has a volatility of 14.01%. This indicates that EPI experiences smaller price fluctuations and is considered to be less risky than XCEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EPIXCEMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.49%

14.01%

-9.52%

Volatility (6M)

Calculated over the trailing 6-month period

13.15%

22.56%

-9.41%

Volatility (1Y)

Calculated over the trailing 1-year period

15.21%

24.28%

-9.07%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.26%

18.60%

-2.34%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.30%

19.94%

+0.36%

EPI vs. XCEM - Expense Ratio Comparison

EPI has a 0.84% expense ratio, which is higher than XCEM's 0.16% expense ratio.

Dividends

EPI vs. XCEM - Dividend Comparison

EPI has not paid dividends to shareholders, while XCEM's dividend yield for the trailing twelve months is around 2.42%.

PositionTTM20252024202320222021202020192018201720162015
EPI
WisdomTree India Earnings Fund		0.00%0.00%0.27%0.15%6.01%1.18%0.78%1.17%1.18%0.85%1.05%1.20%
XCEM
Columbia EM Core ex-China ETF		2.42%3.25%2.76%1.22%2.42%1.94%1.63%2.11%2.70%9.56%1.24%2.63%

Frequently Asked Questions

EPI and XCEM have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XCEM has higher volatility (14.01%) compared to EPI (4.49%). In terms of maximum drawdown, EPI dropped -66.21% vs XCEM's -41.24%.

On 10-year performance, XCEM leads with 12.62% vs 9.68% for EPI. On fees, XCEM is cheaper at 0.16% per year. On volatility, EPI has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, XCEM has performed better with a 12.62% return vs 9.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XCEM is cheaper with a 0.16% expense ratio, compared with 0.84% for EPI.

XCEM has the higher dividend yield at 2.42%, compared with 0.00% for EPI.

EPI tracks WisdomTree India Earnings Index, while XCEM tracks MSCI Emerging Markets ex China Index. They also come from different issuers: WisdomTree and Ameriprise Financial. Their fees differ too: 0.84% for EPI and 0.16% for XCEM.

XCEM currently has the higher Sharpe Ratio (2.53 vs -0.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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