FSSGX vs. XSOE

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) and WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE).

FSSGX is an actively managed fund by Fidelity. It was launched on Apr 14, 2022. XSOE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index. It was launched on Dec 10, 2014.

Performance

FSSGX vs. XSOE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) and WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE). The values are adjusted to include any dividend payments, if applicable.

FSSGX vs. XSOE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund	2.18%	38.40%	7.34%	11.67%	-7.56%
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	2.89%	30.05%	7.02%	10.28%	-9.58%

Returns By Period

In the year-to-date period, FSSGX achieves a 2.18% return, which is significantly lower than XSOE's 2.89% return.

FSSGX

• 1D: -0.80%
• 1M: -12.58%
• YTD: 2.18%
• 6M: 6.17%
• 1Y: 34.49%
• 3Y*: 16.73%
• 5Y*: —
• 10Y*: —

XSOE

• 1D: 3.75%
• 1M: -9.15%
• YTD: 2.89%
• 6M: 6.45%
• 1Y: 32.13%
• 3Y*: 14.81%
• 5Y*: 1.18%
• 10Y*: 8.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FSSGX vs. XSOE - Expense Ratio Comparison

FSSGX has a 0.95% expense ratio, which is higher than XSOE's 0.32% expense ratio.

FSSGX

Fidelity SAI Sustainable Emerging Markets Equity Fund

XSOE

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

Return for Risk

FSSGX vs. XSOE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FSSGX

FSSGX Risk / Return Rank: 85
FSSGX Sharpe Ratio Rank: 86
FSSGX Sortino Ratio Rank: 84
FSSGX Omega Ratio Rank: 83
FSSGX Calmar Ratio Rank: 87
FSSGX Martin Ratio Rank: 84

XSOE

XSOE Risk / Return Rank: 84
XSOE Sharpe Ratio Rank: 84
XSOE Sortino Ratio Rank: 85
XSOE Omega Ratio Rank: 84
XSOE Calmar Ratio Rank: 83
XSOE Martin Ratio Rank: 83

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.

FSSGX vs. XSOE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) and WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE). 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.

	FSSGX	XSOE	Difference
Sharpe ratio Return per unit of total volatility	1.71	1.63	+0.08
Sortino ratio Return per unit of downside risk	2.24	2.23	+0.01
Omega ratio Gain probability vs. loss probability	1.34	1.33	+0.01
Calmar ratio Return relative to maximum drawdown	2.30	2.39	-0.09
Martin ratio Return relative to average drawdown	8.63	9.13	-0.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSSGX vs. XSOE - Sharpe Ratio Comparison

The current FSSGX Sharpe Ratio is 1.71, which is comparable to the XSOE Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of FSSGX and XSOE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FSSGX	XSOE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.71	1.63	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.06	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.40	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.31	+0.34

Correlation

The correlation between FSSGX and XSOE is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FSSGX vs. XSOE - Dividend Comparison

FSSGX's dividend yield for the trailing twelve months is around 2.80%, more than XSOE's 1.59% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FSSGX Fidelity SAI Sustainable Emerging Markets Equity Fund	2.80%	2.87%	3.83%	1.01%	0.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	1.59%	1.50%	1.44%	1.78%	2.53%	1.36%	1.02%	2.01%	1.56%	0.65%	1.43%	3.93%

Drawdowns

FSSGX vs. XSOE - Drawdown Comparison

The maximum FSSGX drawdown since its inception was -24.11%, smaller than the maximum XSOE drawdown of -45.23%. Use the drawdown chart below to compare losses from any high point for FSSGX and XSOE.

Drawdown Indicators

	FSSGX	XSOE	Difference
Max Drawdown Largest peak-to-trough decline	-24.11%	-45.23%	+21.12%
Max Drawdown (1Y) Largest decline over 1 year	-13.47%	-13.31%	-0.16%
Max Drawdown (5Y) Largest decline over 5 years	—	-42.05%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.23%	—
Current Drawdown Current decline from peak	-13.47%	-10.06%	-3.41%
Average Drawdown Average peak-to-trough decline	-5.59%	-17.51%	+11.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.69%	3.48%	+0.21%

Volatility

FSSGX vs. XSOE - Volatility Comparison

The current volatility for Fidelity SAI Sustainable Emerging Markets Equity Fund (FSSGX) is 9.79%, while WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a volatility of 10.46%. This indicates that FSSGX experiences smaller price fluctuations and is considered to be less risky than XSOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSSGX	XSOE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.79%	10.46%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	15.01%	14.73%	+0.28%
Volatility (1Y) Calculated over the trailing 1-year period	19.82%	19.77%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.84%	18.98%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.84%	20.34%	-1.50%