XSOE.DE vs. EMGA.L
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and EMGA.L (iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc)) are both exchange-traded funds - XSOE.DE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while EMGA.L is a Emerging Markets Bonds fund tracking the JPM GBI-EM Global Diversified TR USD. Both are passively managed. Over the past 3 years, XSOE.DE returned 18.45%/yr vs 4.19%/yr for EMGA.L. At a 0.39 correlation, their price movements are largely independent. XSOE.DE charges 0.32%/yr vs 0.50%/yr for EMGA.L.
Performance
XSOE.DE vs. EMGA.L - Performance Comparison
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Different Trading Currencies
XSOE.DE is traded in EUR, while EMGA.L is traded in USD. To make them comparable, the EMGA.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, XSOE.DE achieves a 24.59% return, which is significantly higher than EMGA.L's 1.94% return.
XSOE.DE
- 1D
- -1.43%
- 1M
- 6.23%
- YTD
- 24.59%
- 6M
- 26.89%
- 1Y
- 47.18%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
EMGA.L
- 1D
- -0.26%
- 1M
- 1.42%
- YTD
- 1.94%
- 6M
- 1.90%
- 1Y
- 7.09%
- 3Y*
- 4.19%
- 5Y*
- 1.97%
- 10Y*
- —
XSOE.DE vs. EMGA.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.59% | 16.93% | 10.26% | 6.05% | -19.00% | 3.24% |
EMGA.L iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) | 1.94% | 4.22% | 3.68% | 8.31% | -5.43% | -1.33% |
Correlation
The correlation between XSOE.DE and EMGA.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.39 |
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Return for Risk
XSOE.DE vs. EMGA.L — Risk / Return Rank
XSOE.DE
EMGA.L
XSOE.DE vs. EMGA.L - 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 J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L). 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 | EMGA.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.58 | ||
| Sortino ratioReturn per unit of downside risk | +1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.19 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.87 | +2.46 |
| Martin ratioReturn relative to average drawdown | 15.99 | 6.42 | +9.57 |
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 | EMGA.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.02 | +1.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.25 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.18 | +0.26 |
Drawdowns
XSOE.DE vs. EMGA.L - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, which is greater than EMGA.L's maximum drawdown of -19.23%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and EMGA.L.
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Drawdown Indicators
| XSOE.DE | EMGA.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -19.23% | -8.46% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -3.77% | -7.08% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -7.02% | -12.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.54% | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.19% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -8.76% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 1.10% | +1.84% |
Volatility
XSOE.DE vs. EMGA.L - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) has a higher volatility of 7.20% compared to iShares J.P. Morgan Emerging Markets Local Government Bond UCITS ETF USD (Acc) (EMGA.L) at 2.11%. This indicates that XSOE.DE's price experiences larger fluctuations and is considered to be riskier than EMGA.L 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 | EMGA.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 2.11% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 5.94% | +9.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 6.95% | +11.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 7.81% | +9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 9.47% | +7.80% |
XSOE.DE vs. EMGA.L - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is lower than EMGA.L's 0.50% expense ratio.
Dividends
XSOE.DE vs. EMGA.L - Dividend Comparison
Neither XSOE.DE nor EMGA.L has paid dividends to shareholders.
Frequently Asked Questions
XSOE.DE and EMGA.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
XSOE.DE is cheaper with a 0.32% expense ratio, compared with 0.50% for EMGA.L.
XSOE.DE is categorized as Emerging Markets Equities, while EMGA.L is Emerging Markets Bonds. XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while EMGA.L tracks JPM GBI-EM Global Diversified TR USD. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.32% for XSOE.DE and 0.50% for EMGA.L.
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