XSOE.DE vs. SPYV.DE
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) are both Emerging Markets Equities funds - XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened while SPYV.DE tracks the S&P Emerging Markets High Yield Dividend Aristocrats. Both are passively managed. Over the past 3 years, XSOE.DE returned 18.45%/yr vs 9.94%/yr for SPYV.DE. A 0.74 correlation means they provide meaningful diversification when combined. XSOE.DE charges 0.32%/yr vs 0.55%/yr for SPYV.DE.
Performance
XSOE.DE vs. SPYV.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 SPYV.DE's 5.71% return.
XSOE.DE
- 1D
- -1.43%
- 1M
- 6.23%
- YTD
- 24.59%
- 6M
- 26.89%
- 1Y
- 47.18%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
SPYV.DE
- 1D
- -0.23%
- 1M
- -1.55%
- YTD
- 5.71%
- 6M
- 4.21%
- 1Y
- 10.75%
- 3Y*
- 9.94%
- 5Y*
- 6.00%
- 10Y*
- 6.23%
XSOE.DE vs. SPYV.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% |
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 1.39% | -2.70% | 2.42% |
Correlation
The correlation between XSOE.DE and SPYV.DE is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2021 | 0.74 |
The correlation between XSOE.DE and SPYV.DE has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
XSOE.DE vs. SPYV.DE — Risk / Return Rank
XSOE.DE
SPYV.DE
XSOE.DE vs. SPYV.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 SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.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 | SPYV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.16 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 4.33 | 1.31 | +3.02 |
| Martin ratioReturn relative to average drawdown | 15.99 | 3.29 | +12.70 |
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 | SPYV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.60 | 0.92 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.36 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.18 | +0.26 |
Drawdowns
XSOE.DE vs. SPYV.DE - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, smaller than the maximum SPYV.DE drawdown of -43.79%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and SPYV.DE.
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Drawdown Indicators
| XSOE.DE | SPYV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -43.79% | +16.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -8.15% | -2.70% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -16.93% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.19% | — |
Current DrawdownCurrent decline from peak | -2.39% | -5.09% | +2.70% |
Average DrawdownAverage peak-to-trough decline | -12.90% | -12.48% | -0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.94% | 3.26% | -0.32% |
Volatility
XSOE.DE vs. SPYV.DE - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) has a higher volatility of 7.20% compared to SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) at 3.51%. This indicates that XSOE.DE's price experiences larger fluctuations and is considered to be riskier than SPYV.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 | SPYV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.20% | 3.51% | +3.69% |
Volatility (6M)Calculated over the trailing 6-month period | 15.05% | 8.37% | +6.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.10% | 11.72% | +6.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.27% | 15.03% | +2.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.27% | 17.36% | -0.09% |
XSOE.DE vs. SPYV.DE - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is lower than SPYV.DE's 0.55% expense ratio.
Dividends
XSOE.DE vs. SPYV.DE - Dividend Comparison
XSOE.DE has not paid dividends to shareholders, while SPYV.DE's dividend yield for the trailing twelve months is around 3.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.83% | 3.96% | 4.01% | 4.96% | 4.71% | 3.21% | 3.29% | 3.59% | 3.58% | 2.96% | 4.34% | 5.98% |
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XSOE.DE and SPYV.DE have a correlation of 0.67, 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 0.55% for SPYV.DE.
XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.32% for XSOE.DE and 0.55% for SPYV.DE.
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