XC vs. DIEM

Last updated Aug 2, 2026

XC (WisdomTree Emerging Markets ex-China Fund) and DIEM (Franklin Emerging Market Core Dividend Tilt Index ETF) are both Emerging Markets Equities funds - XC tracks the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net while DIEM tracks the Morningstar Emerging Markets Dividend Enhanced Select Index. Both are passively managed. Over the past 3 years, XC returned 9.35%/yr vs 23.29%/yr for DIEM. Their correlation of 0.81 means they have usually moved in the same direction. XC charges 0.32%/yr vs 0.19%/yr for DIEM.

Performance

XC vs. DIEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets ex-China Fund (XC) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XC achieves a 0.10% return, which is significantly lower than DIEM's 24.05% return.

XC

• 1D: -0.09%
• 1M: 1.18%
• 6M: -3.23%
• YTD: 0.10%
• 1Y: 7.41%
• 3Y*: 9.35%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.81%

DIEM

• 1D: 0.86%
• 1M: -1.21%
• 6M: 14.49%
• YTD: 24.05%
• 1Y: 41.57%
• 3Y*: 23.29%
• 5Y*: 11.34%
• 10Y*: 8.16%
• ALL TIME*: 8.74%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	$1.97M	$1.53M	$960.12K
XC WisdomTree Emerging Markets ex-China Fund	$811.45K	$489.30K	$569.06K

XC vs. DIEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XC WisdomTree Emerging Markets ex-China Fund	0.10%	18.19%	5.49%	21.31%	1.58%
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	24.05%	30.81%	12.29%	15.41%	5.33%

Correlation

The correlation between XC and DIEM is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.78
Correlation (All Time) Calculated using the full available price history since Sep 22, 2022	0.81

The correlation between XC and DIEM shifts across timeframes, from 0.70 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

XC vs. DIEM - Sectors Allocation Comparison

Sectors	XC	DIEM
Financial Services	31.9%	22.7%
Consumer Cyclical	12.1%	5.5%
Industrials	10.9%	4.2%
Basic Materials	10.0%	4.6%
Consumer Defensive	8.0%	3.3%
Communication Services	6.3%	4.8%
Healthcare	4.9%	0.8%
Energy	4.5%	5.4%
Real Estate	4.0%	1.5%
Utilities	3.8%	3.6%
Technology	3.5%	41.6%

Return for Risk

XC vs. DIEM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XC

XC Risk / Return Rank: 22
XC Sharpe Ratio Rank: 23
XC Sortino Ratio Rank: 22
XC Omega Ratio Rank: 22
XC Calmar Ratio Rank: 22
XC Martin Ratio Rank: 21

DIEM

DIEM Risk / Return Rank: 79
DIEM Sharpe Ratio Rank: 79
DIEM Sortino Ratio Rank: 73
DIEM Omega Ratio Rank: 82
DIEM Calmar Ratio Rank: 82
DIEM Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XC vs. DIEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-China Fund (XC) and Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM). 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.

	XC	DIEM	Difference
Sharpe ratio: Return per unit of total volatility	0.51	1.81	-1.30
Sortino ratio: Return per unit of downside risk	0.83	2.37	-1.54
Omega ratio: Gain probability vs. loss probability	1.10	1.34	-0.24
Calmar ratio: Return relative to maximum drawdown	0.61	3.03	-2.42
Martin ratio: Return relative to average drawdown	1.48	9.86	-8.38

XC vs. DIEM - Sharpe Ratio Comparison

The current XC Sharpe Ratio is 0.51, which is lower than the DIEM Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of XC and DIEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XC vs. DIEM - Drawdown Comparison

The maximum XC drawdown since its inception was -20.97%, smaller than the maximum DIEM drawdown of -38.61%. Use the drawdown chart below to compare losses from any high point for XC and DIEM.

Drawdown Indicators

	XC	DIEM	Difference
Max Drawdown Largest peak-to-trough decline	-20.97%	-38.61%	+17.64%
Max Drawdown (1Y) Largest decline over 1 year	-12.47%	-13.59%	+1.12%
Max Drawdown (3Y) Largest decline over 3 years	-20.97%	-16.82%	-4.15%
Max Drawdown (5Y) Largest decline over 5 years	—	-33.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-38.61%	—
Current Drawdown Current decline from peak	-6.00%	-9.21%	+3.21%
Average Drawdown Average peak-to-trough decline	-4.25%	-9.67%	+5.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	4.17%	+0.97%

Volatility

XC vs. DIEM - Volatility Comparison

The current volatility for WisdomTree Emerging Markets ex-China Fund (XC) is 4.16%, while Franklin Emerging Market Core Dividend Tilt Index ETF (DIEM) has a volatility of 8.98%. This indicates that XC experiences smaller price fluctuations and is considered to be less risky than DIEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XC	DIEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.16%	8.98%	-4.82%
Volatility (6M) Calculated over the trailing 6-month period	13.39%	21.15%	-7.76%
Volatility (1Y) Calculated over the trailing 1-year period	14.98%	22.81%	-7.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.83%	17.99%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.83%	18.04%	-2.21%

XC vs. DIEM - Expense Ratio Comparison

XC has a 0.32% expense ratio, which is higher than DIEM's 0.19% expense ratio.

Dividends

XC vs. DIEM - Dividend Comparison

XC's dividend yield for the trailing twelve months is around 12.01%, more than DIEM's 2.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DIEM Franklin Emerging Market Core Dividend Tilt Index ETF	2.99%	2.99%	4.92%	4.45%	6.31%	4.06%	2.75%	5.98%	3.87%	2.61%	0.35%
XC WisdomTree Emerging Markets ex-China Fund	12.01%	11.74%	1.49%	1.42%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XC and DIEM in my portfolio?

XC and DIEM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XC or DIEM?

DIEM has higher volatility (8.98%) compared to XC (4.16%). In terms of maximum drawdown, XC dropped -20.97% vs DIEM's -38.61%.

Which ETF is better, XC or DIEM?

On 3-year performance, DIEM leads with 23.29% vs 9.35% for XC. On fees, DIEM is cheaper at 0.19% per year. On volatility, XC has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XC or DIEM?

Over the 3-year period, DIEM has performed better with a 23.29% return vs 9.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XC or DIEM?

DIEM is cheaper with a 0.19% expense ratio, compared with 0.32% for XC.

Which ETF pays a higher dividend yield, XC or DIEM?

XC has the higher dividend yield at 12.01%, compared with 2.99% for DIEM.

What is the main difference between XC and DIEM?

XC tracks WisdomTree Emerging Markets ex-China Index - Benchmark TR Net, while DIEM tracks Morningstar Emerging Markets Dividend Enhanced Select Index. They also come from different issuers: WisdomTree and Franklin Templeton. Their fees differ too: 0.32% for XC and 0.19% for DIEM.

Which has better risk-adjusted returns?

DIEM currently has the higher Sharpe Ratio (1.81 vs 0.51), 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.