WTED.DE vs. XSOE.DE

Last updated Jun 5, 2026

WTED.DE (WisdomTree Emerging Markets SmallCap Dividend UCITS ETF) and XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) are both Emerging Markets Equities funds from WisdomTree - WTED.DE tracks the WisdomTree Emerging Markets SmallCap Dividend while XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. Both are passively managed. Over the past 3 years, WTED.DE returned 13.14%/yr vs 18.45%/yr for XSOE.DE. A 0.71 correlation means they provide meaningful diversification when combined. WTED.DE charges 0.54%/yr vs 0.32%/yr for XSOE.DE.

Performance

WTED.DE vs. XSOE.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (WTED.DE) and WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTED.DE achieves a 12.11% return, which is significantly lower than XSOE.DE's 24.59% return.

WTED.DE

• 1D: 0.00%
• 1M: 0.57%
• YTD: 12.11%
• 6M: 13.50%
• 1Y: 19.96%
• 3Y*: 13.14%
• 5Y*: 9.01%
• 10Y*: —

XSOE.DE

• 1D: -1.43%
• 1M: 6.23%
• YTD: 24.59%
• 6M: 26.89%
• 1Y: 47.18%
• 3Y*: 18.45%
• 5Y*: —
• 10Y*: —

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

WTED.DE vs. XSOE.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WTED.DE WisdomTree Emerging Markets SmallCap Dividend UCITS ETF	12.11%	7.14%	10.28%	17.32%	-5.53%	4.21%
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 WTED.DE and XSOE.DE is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021	0.71

The correlation between WTED.DE and XSOE.DE has been stable across timeframes, ranging from 0.61 to 0.71 - a consistent structural relationship.

Return for Risk

WTED.DE vs. XSOE.DE — Risk / Return Rank

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

WTED.DE

WTED.DE Risk / Return Rank: 50
WTED.DE Sharpe Ratio Rank: 46
WTED.DE Sortino Ratio Rank: 47
WTED.DE Omega Ratio Rank: 47
WTED.DE Calmar Ratio Rank: 58
WTED.DE Martin Ratio Rank: 53

XSOE.DE

XSOE.DE Risk / Return Rank: 81
XSOE.DE Sharpe Ratio Rank: 81
XSOE.DE Sortino Ratio Rank: 79
XSOE.DE Omega Ratio Rank: 80
XSOE.DE Calmar Ratio Rank: 83
XSOE.DE Martin Ratio Rank: 82

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.

WTED.DE vs. XSOE.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (WTED.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.

	WTED.DE	XSOE.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.58	2.60	-1.02
Sortino ratio: Return per unit of downside risk	2.29	3.50	-1.22
Omega ratio: Gain probability vs. loss probability	1.29	1.47	-0.18
Calmar ratio: Return relative to maximum drawdown	2.81	4.33	-1.52
Martin ratio: Return relative to average drawdown	8.90	15.99	-7.08
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTED.DE vs. XSOE.DE - Sharpe Ratio Comparison

The current WTED.DE Sharpe Ratio is 1.58, which is lower than the XSOE.DE Sharpe Ratio of 2.60. The chart below compares the historical Sharpe Ratios of WTED.DE and XSOE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WTED.DE	XSOE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	2.60	-1.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	0.44	+0.52

Drawdowns

WTED.DE vs. XSOE.DE - Drawdown Comparison

The maximum WTED.DE drawdown since its inception was -19.05%, smaller than the maximum XSOE.DE drawdown of -27.69%. Use the drawdown chart below to compare losses from any high point for WTED.DE and XSOE.DE.

Drawdown Indicators

	WTED.DE	XSOE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-19.05%	-27.69%	+8.64%
Max Drawdown (1Y) Largest decline over 1 year	-7.07%	-10.85%	+3.78%
Max Drawdown (3Y) Largest decline over 3 years	-19.05%	-19.83%	+0.78%
Max Drawdown (5Y) Largest decline over 5 years	-19.05%	—	—
Current Drawdown Current decline from peak	-2.14%	-2.39%	+0.25%
Average Drawdown Average peak-to-trough decline	-3.42%	-12.90%	+9.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.94%	-0.70%

Volatility

WTED.DE vs. XSOE.DE - Volatility Comparison

The current volatility for WisdomTree Emerging Markets SmallCap Dividend UCITS ETF (WTED.DE) is 4.04%, while WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) has a volatility of 7.20%. This indicates that WTED.DE experiences smaller price fluctuations and is considered to be less risky than XSOE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTED.DE	XSOE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	7.20%	-3.16%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	15.05%	-5.30%
Volatility (1Y) Calculated over the trailing 1-year period	12.60%	18.10%	-5.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	17.27%	-4.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.32%	17.27%	-3.95%

WTED.DE vs. XSOE.DE - Expense Ratio Comparison

WTED.DE has a 0.54% expense ratio, which is higher than XSOE.DE's 0.32% expense ratio.

Dividends

WTED.DE vs. XSOE.DE - Dividend Comparison

WTED.DE's dividend yield for the trailing twelve months is around 2.84%, while XSOE.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
WTED.DE WisdomTree Emerging Markets SmallCap Dividend UCITS ETF	2.84%	3.61%	6.31%	4.74%	4.17%	2.79%	1.25%
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTED.DE and XSOE.DE in my portfolio?

WTED.DE and XSOE.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTED.DE or XSOE.DE?

On fees, XSOE.DE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTED.DE or XSOE.DE?

XSOE.DE is cheaper with a 0.32% expense ratio, compared with 0.54% for WTED.DE.

What is the main difference between WTED.DE and XSOE.DE?

WTED.DE tracks WisdomTree Emerging Markets SmallCap Dividend, while XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. Their fees differ too: 0.54% for WTED.DE and 0.32% for XSOE.DE.