XSOE.DE vs. EUNZ.DE
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past 3 years, XSOE.DE returned 18.45%/yr vs 11.07%/yr for EUNZ.DE. Their correlation of 0.82 suggests significant overlap in exposure. XSOE.DE charges 0.32%/yr vs 0.40%/yr for EUNZ.DE.
Performance
XSOE.DE vs. EUNZ.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 higher than EUNZ.DE's 18.69% return.
XSOE.DE
- 1D
- -1.43%
- 1M
- 6.23%
- YTD
- 24.59%
- 6M
- 26.89%
- 1Y
- 47.18%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 5.16%
- YTD
- 18.69%
- 6M
- 18.37%
- 1Y
- 22.59%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
XSOE.DE vs. EUNZ.DE - 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% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 5.33% |
Correlation
The correlation between XSOE.DE and EUNZ.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.82 |
The correlation between XSOE.DE and EUNZ.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
XSOE.DE vs. EUNZ.DE — Risk / Return Rank
XSOE.DE
EUNZ.DE
XSOE.DE vs. EUNZ.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 Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.35 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 3.00 | +1.33 |
| Martin ratioReturn relative to average drawdown | 15.99 | 10.57 | +5.42 |
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 | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 1.85 | +0.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.35 | +0.09 |
Drawdowns
XSOE.DE vs. EUNZ.DE - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, smaller than the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and EUNZ.DE.
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Drawdown Indicators
| XSOE.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -30.47% | +2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -7.50% | -3.35% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -14.00% | -5.83% |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -2.39% | -1.96% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -7.62% | -5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 2.13% | +0.81% |
Volatility
XSOE.DE vs. EUNZ.DE - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) has a higher volatility of 7.20% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that XSOE.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.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 | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 4.75% | +2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 10.35% | +4.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 12.18% | +5.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 11.41% | +5.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 13.32% | +3.95% |
XSOE.DE vs. EUNZ.DE - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
XSOE.DE vs. EUNZ.DE - Dividend Comparison
Neither XSOE.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
XSOE.DE and EUNZ.DE have a correlation of 0.84, 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 0.40% for EUNZ.DE.
XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.32% for XSOE.DE and 0.40% for EUNZ.DE.
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