XSOE.DE vs. UETE.DE
XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) and UETE.DE (UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc) are both Emerging Markets Equities funds - XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened while UETE.DE tracks the MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. Both are passively managed. Over the past 3 years, XSOE.DE returned 19.29%/yr vs 24.38%/yr for UETE.DE. Their correlation of 0.88 suggests significant overlap in exposure. XSOE.DE charges 0.32%/yr vs 0.24%/yr for UETE.DE.
Performance
XSOE.DE vs. UETE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XSOE.DE achieves a 26.10% return, which is significantly lower than UETE.DE's 33.28% return.
XSOE.DE
- 1D
- 0.00%
- 1M
- 2.12%
- YTD
- 26.10%
- 6M
- 27.93%
- 1Y
- 45.78%
- 3Y*
- 19.29%
- 5Y*
- —
- 10Y*
- —
UETE.DE
- 1D
- -1.51%
- 1M
- -0.15%
- YTD
- 33.28%
- 6M
- 35.72%
- 1Y
- 53.07%
- 3Y*
- 24.38%
- 5Y*
- 9.29%
- 10Y*
- —
XSOE.DE vs. UETE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 26.10% | 16.93% | 10.26% | 6.05% | -19.00% | 3.57% |
UETE.DE UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc | 33.28% | 21.01% | 16.13% | 2.59% | -15.04% | 3.15% |
Correlation
The correlation between XSOE.DE and UETE.DE is 0.88, 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 | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Aug 23, 2021 | 0.88 |
The correlation between XSOE.DE and UETE.DE has been stable across timeframes, ranging from 0.88 to 0.89 - a consistent structural relationship.
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Return for Risk
XSOE.DE vs. UETE.DE — Risk / Return Rank
XSOE.DE
UETE.DE
XSOE.DE vs. UETE.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 UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.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 | UETE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.47 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.24 | 5.60 | -1.36 |
| Martin ratioReturn relative to average drawdown | 14.98 | 18.02 | -3.04 |
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Drawdowns
XSOE.DE vs. UETE.DE - Drawdown Comparison
The maximum XSOE.DE drawdown since its inception was -27.69%, smaller than the maximum UETE.DE drawdown of -39.65%. Use the drawdown chart below to compare losses from any high point for XSOE.DE and UETE.DE.
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Drawdown Indicators
| XSOE.DE | UETE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.69% | -39.65% | +11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -10.85% | -9.43% | -1.42% |
Max Drawdown (3Y)Largest decline over 3 years | -19.83% | -20.18% | +0.35% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.78% | — |
Current DrawdownCurrent decline from peak | -3.49% | -6.41% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -12.78% | -11.50% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.94% | +0.12% |
Volatility
XSOE.DE vs. UETE.DE - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) and UBS ETF (LU) MSCI Emerging Markets SRI UCITS ETF (USD) Acc (UETE.DE) have volatilities of 8.19% and 8.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSOE.DE | UETE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.19% | 8.51% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 16.57% | 17.38% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.26% | 20.06% | -0.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 18.33% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.49% | 21.09% | -3.60% |
XSOE.DE vs. UETE.DE - Expense Ratio Comparison
XSOE.DE has a 0.32% expense ratio, which is higher than UETE.DE's 0.24% expense ratio.
Dividends
XSOE.DE vs. UETE.DE - Dividend Comparison
Neither XSOE.DE nor UETE.DE has paid dividends to shareholders.
Frequently Asked Questions
XSOE.DE and UETE.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, UETE.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
UETE.DE is cheaper with a 0.24% expense ratio, compared with 0.32% for XSOE.DE.
XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened, while UETE.DE tracks MSCI Emerging Markets SRI Low Carbon Select 5% Issuer Capped. They also come from different issuers: WisdomTree and UBS. Their fees differ too: 0.32% for XSOE.DE and 0.24% for UETE.DE.
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