XSOE.DE vs. EUNM.DE
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and EUNM.DE (iShares MSCI EM UCITS ETF (Acc)) are both Emerging Markets Equities funds - XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened while EUNM.DE tracks the MSCI Emerging Markets. Both are passively managed. Over the past 3 years, XSOE.DE returned 19.02%/yr vs 21.84%/yr for EUNM.DE. With a 0.96 correlation, they move nearly in lockstep. XSOE.DE charges 0.32%/yr vs 0.18%/yr for EUNM.DE.
Performance
XSOE.DE vs. EUNM.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, XSOE.DE achieves a 24.95% return, which is significantly lower than EUNM.DE's 28.89% return.
XSOE.DE
- 1D
- 0.00%
- 1M
- 1.43%
- YTD
- 24.95%
- 6M
- 26.76%
- 1Y
- 44.24%
- 3Y*
- 19.02%
- 5Y*
- —
- 10Y*
- —
EUNM.DE
- 1D
- 0.65%
- 1M
- 2.55%
- YTD
- 28.89%
- 6M
- 30.59%
- 1Y
- 48.36%
- 3Y*
- 21.84%
- 5Y*
- 8.38%
- 10Y*
- 10.24%
XSOE.DE vs. EUNM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.95% | 16.93% | 10.26% | 6.05% | -19.00% | 3.57% |
EUNM.DE iShares MSCI EM UCITS ETF (Acc) | 28.89% | 19.20% | 14.09% | 5.71% | -14.48% | 3.22% |
Correlation
The correlation between XSOE.DE and EUNM.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2021 | 0.96 |
The correlation between XSOE.DE and EUNM.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
XSOE.DE vs. EUNM.DE — Risk / Return Rank
XSOE.DE
EUNM.DE
XSOE.DE vs. EUNM.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 UCITS ETF (Acc) (EUNM.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.
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.
| XSOE.DE | EUNM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.46 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 4.60 | -0.50 |
| Martin ratioReturn relative to average drawdown | 14.49 | 15.79 | -1.30 |
Loading charts...
Drawdowns
XSOE.DE vs. EUNM.DE - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, smaller than the maximum EUNM.DE drawdown of -35.91%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and EUNM.DE.
Loading charts...
Drawdown Indicators
| XSOE.DE | EUNM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -35.91% | +8.22% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -10.47% | -0.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -19.02% | -0.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.61% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.88% | — |
Current DrawdownCurrent decline from peak | -4.37% | -3.88% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -12.79% | -10.49% | -2.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 3.05% | +0.01% |
Volatility
XSOE.DE vs. EUNM.DE - Volatility Comparison
The current volatility for WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) is 8.15%, while iShares MSCI EM UCITS ETF (Acc) (EUNM.DE) has a volatility of 8.81%. This indicates that XSOE.DE experiences smaller price fluctuations and is considered to be less risky than EUNM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| XSOE.DE | EUNM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.15% | 8.81% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 16.82% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.24% | 19.18% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 17.04% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 18.30% | -0.80% |
XSOE.DE vs. EUNM.DE - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is higher than EUNM.DE's 0.18% expense ratio.
Dividends
XSOE.DE vs. EUNM.DE - Dividend Comparison
Neither XSOE.DE nor EUNM.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, XSOE.DE and EUNM.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, EUNM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNM.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 EUNM.DE tracks MSCI Emerging Markets. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.32% for XSOE.DE and 0.18% for EUNM.DE.
Find the right allocation for XSOE.DE and EUNM.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer