XSOE vs. ^GSPC
Compare and contrast key facts about WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) and S&P 500 (^GSPC).
XSOE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index. It was launched on Dec 10, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: XSOE or ^GSPC.
Key characteristics
| XSOE | ^GSPC | |
|---|---|---|
| YTD Return | 7.75% | 17.95% |
| 1Y Return | 13.17% | 24.88% |
| 3Y Return (Ann) | -5.72% | 8.21% |
| 5Y Return (Ann) | 3.22% | 13.37% |
| Sharpe Ratio | 0.93 | 2.03 |
| Daily Std Dev | 14.87% | 12.77% |
| Max Drawdown | -45.23% | -56.78% |
| Current Drawdown | -26.99% | -0.73% |
Correlation
The correlation between XSOE and ^GSPC is 0.62, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
XSOE vs. ^GSPC - Performance Comparison
In the year-to-date period, XSOE achieves a 7.75% return, which is significantly lower than ^GSPC's 17.95% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
XSOE vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) and S&P 500 (^GSPC). 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.
Drawdowns
XSOE vs. ^GSPC - Drawdown Comparison
The maximum XSOE drawdown since its inception was -45.23%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for XSOE and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
XSOE vs. ^GSPC - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a higher volatility of 4.69% compared to S&P 500 (^GSPC) at 4.36%. This indicates that XSOE's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.