XSOE.DE vs. 84X0.DE
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and 84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) are both Emerging Markets Equities funds - XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened while 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net). Both are passively managed. Over the past year, XSOE.DE returned 45.75% vs 67.73% for 84X0.DE. Their correlation of 0.88 suggests significant overlap in exposure. XSOE.DE charges 0.32%/yr vs 0.18%/yr for 84X0.DE.
Performance
XSOE.DE vs. 84X0.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSOE.DE achieves a 24.59% return, which is significantly lower than 84X0.DE's 40.37% return.
XSOE.DE
- 1D
- -1.43%
- 1M
- 3.69%
- YTD
- 24.59%
- 6M
- 25.63%
- 1Y
- 45.75%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XSOE.DE vs. 84X0.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.59% | 16.93% | 10.26% | 4.07% |
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
Correlation
The correlation between XSOE.DE and 84X0.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 (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.88 |
The correlation between XSOE.DE and 84X0.DE has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
XSOE.DE vs. 84X0.DE — Risk / Return Rank
XSOE.DE
84X0.DE
XSOE.DE vs. 84X0.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) and iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.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.
| XSOE.DE | 84X0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.64 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 5.88 | -1.55 |
| Martin ratioReturn relative to average drawdown | 15.99 | 21.92 | -5.93 |
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
| XSOE.DE | 84X0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 3.52 | -0.93 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.77 | -1.33 |
Drawdowns
XSOE.DE vs. 84X0.DE - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, which is greater than 84X0.DE's maximum drawdown of -19.72%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and 84X0.DE.
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Drawdown Indicators
| XSOE.DE | 84X0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -19.72% | -7.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -11.66% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | — | — |
Current DrawdownCurrent decline from peak | -2.39% | -2.49% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -2.70% | -10.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.13% | -0.19% |
Volatility
XSOE.DE vs. 84X0.DE - Volatility Comparison
The current volatility for WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) is 7.20%, while iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) has a volatility of 8.41%. This indicates that XSOE.DE experiences smaller price fluctuations and is considered to be less risky than 84X0.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSOE.DE | 84X0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 8.41% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 16.93% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 19.46% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 17.11% | +0.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 17.11% | +0.16% |
XSOE.DE vs. 84X0.DE - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is higher than 84X0.DE's 0.18% expense ratio.
Dividends
XSOE.DE vs. 84X0.DE - Dividend Comparison
Neither XSOE.DE nor 84X0.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, XSOE.DE and 84X0.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, 84X0.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
84X0.DE is cheaper with a 0.18% expense ratio, compared with 0.32% for XSOE.DE.
XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while 84X0.DE tracks MSCI Emerging Markets ex China Index (Net). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.32% for XSOE.DE and 0.18% for 84X0.DE.
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