XSOE.DE vs. SADM.DE

Last updated Jun 5, 2026

XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and SADM.DE (Amundi MSCI Emerging ESG Leaders - UCITS ETF) are both Emerging Markets Equities funds - XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened while SADM.DE tracks the MSCI Emerging Markets Extended ESG Leaders 5% Issuer Capped. Both are passively managed. Over the past 3 years, XSOE.DE returned 18.45%/yr vs 14.44%/yr for SADM.DE. Their correlation of 0.93 suggests significant overlap in exposure. XSOE.DE charges 0.32%/yr vs 0.18%/yr for SADM.DE.

Performance

XSOE.DE vs. SADM.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) and Amundi MSCI Emerging ESG Leaders - UCITS ETF (SADM.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSOE.DE achieves a 24.59% return, which is significantly higher than SADM.DE's 13.18% return.

XSOE.DE

• 1D: -1.43%
• 1M: 6.23%
• YTD: 24.59%
• 6M: 26.89%
• 1Y: 47.18%
• 3Y*: 18.45%
• 5Y*: —
• 10Y*: —

SADM.DE

• 1D: -2.01%
• 1M: 2.05%
• YTD: 13.18%
• 6M: 13.48%
• 1Y: 28.74%
• 3Y*: 14.44%
• 5Y*: 4.21%
• 10Y*: —

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

XSOE.DE vs. SADM.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%
SADM.DE Amundi MSCI Emerging ESG Leaders - UCITS ETF	13.18%	18.73%	12.63%	0.17%	-15.44%	0.25%

Correlation

The correlation between XSOE.DE and SADM.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 (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021	0.93

The correlation between XSOE.DE and SADM.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

XSOE.DE vs. SADM.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSOE.DE

XSOE.DE Risk / Return Rank: 81
XSOE.DE Sharpe Ratio Rank: 81
XSOE.DE Sortino Ratio Rank: 79
XSOE.DE Omega Ratio Rank: 80
XSOE.DE Calmar Ratio Rank: 83
XSOE.DE Martin Ratio Rank: 82

SADM.DE

SADM.DE Risk / Return Rank: 53
SADM.DE Sharpe Ratio Rank: 50
SADM.DE Sortino Ratio Rank: 51
SADM.DE Omega Ratio Rank: 47
SADM.DE Calmar Ratio Rank: 62
SADM.DE Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSOE.DE vs. SADM.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 Amundi MSCI Emerging ESG Leaders - UCITS ETF (SADM.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	SADM.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.60	1.69	+0.91
Sortino ratio: Return per unit of downside risk	3.50	2.43	+1.07
Omega ratio: Gain probability vs. loss probability	1.47	1.29	+0.17
Calmar ratio: Return relative to maximum drawdown	4.33	3.04	+1.29
Martin ratio: Return relative to average drawdown	15.99	9.77	+6.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSOE.DE vs. SADM.DE - Sharpe Ratio Comparison

The current XSOE.DE Sharpe Ratio is 2.60, which is higher than the SADM.DE Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XSOE.DE and SADM.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSOE.DE	SADM.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.60	1.69	+0.91
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	0.50	-0.06

Drawdowns

XSOE.DE vs. SADM.DE - Drawdown Comparison

The maximum XSOE.DE drawdown since its inception was -27.69%, roughly equal to the maximum SADM.DE drawdown of -27.30%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and SADM.DE.

Drawdown Indicators

	XSOE.DE	SADM.DE	Difference
Max Drawdown Largest peak-to-trough decline	-27.69%	-27.30%	-0.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.85%	-9.42%	-1.43%
Max Drawdown (3Y) Largest decline over 3 years	-19.83%	-17.93%	-1.90%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.42%	—
Current Drawdown Current decline from peak	-2.39%	-3.17%	+0.78%
Average Drawdown Average peak-to-trough decline	-12.90%	-11.37%	-1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.94%	2.93%	+0.01%

Volatility

XSOE.DE vs. SADM.DE - Volatility Comparison

WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) has a higher volatility of 7.20% compared to Amundi MSCI Emerging ESG Leaders - UCITS ETF (SADM.DE) at 5.86%. This indicates that XSOE.DE's price experiences larger fluctuations and is considered to be riskier than SADM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSOE.DE	SADM.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.20%	5.86%	+1.34%
Volatility (6M) Calculated over the trailing 6-month period	15.05%	13.63%	+1.42%
Volatility (1Y) Calculated over the trailing 1-year period	18.10%	16.94%	+1.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.27%	16.88%	+0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.27%	16.97%	+0.30%

XSOE.DE vs. SADM.DE - Expense Ratio Comparison

XSOE.DE has a 0.32% expense ratio, which is higher than SADM.DE's 0.18% expense ratio.

Dividends

XSOE.DE vs. SADM.DE - Dividend Comparison

Neither XSOE.DE nor SADM.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XSOE.DE and SADM.DE in my portfolio?

With a correlation of 0.90, XSOE.DE and SADM.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.

Which ETF is better, XSOE.DE or SADM.DE?

On fees, SADM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XSOE.DE or SADM.DE?

SADM.DE is cheaper with a 0.18% expense ratio, compared with 0.32% for XSOE.DE.

What is the main difference between XSOE.DE and SADM.DE?

XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while SADM.DE tracks MSCI Emerging Markets Extended ESG Leaders 5% Issuer Capped. They also come from different issuers: WisdomTree and Amundi. Their fees differ too: 0.32% for XSOE.DE and 0.18% for SADM.DE.