XSOE vs. DGRW

Last updated Aug 4, 2026

XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - XSOE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while DGRW is a Quality Factor fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, XSOE returned 9.26%/yr vs 13.79%/yr for DGRW. Their 0.57 correlation means they have sometimes moved together and sometimes differently. XSOE charges 0.32%/yr vs 0.28%/yr for DGRW.

Performance

XSOE vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSOE achieves a 17.82% return, which is significantly higher than DGRW's 10.05% return. Over the past 10 years, XSOE has underperformed DGRW with an annualized return of 9.26%, while DGRW has yielded a comparatively higher 13.79% annualized return.

XSOE

• 1D: 0.75%
• 1M: -3.00%
• 6M: 9.56%
• YTD: 17.82%
• 1Y: 35.13%
• 3Y*: 18.40%
• 5Y*: 4.61%
• 10Y*: 9.26%
• ALL TIME*: 7.25%

DGRW

• 1D: 1.37%
• 1M: 2.07%
• 6M: 6.86%
• YTD: 10.05%
• 1Y: 17.60%
• 3Y*: 15.28%
• 5Y*: 11.72%
• 10Y*: 13.79%
• ALL TIME*: 13.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DGRW WisdomTree U.S. Quality Dividend Growth Fund	$51.74M	$49.20M	$56.02M
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	$5.36M	$5.75M	$6.87M

XSOE vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	17.82%	30.05%	7.02%	10.28%	-25.83%	-5.92%	28.61%	24.81%	-18.60%	49.23%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	10.05%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between XSOE and DGRW is 0.63, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.63
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.59
Correlation (10Y) Provides a long-term view across more market conditions.	0.60
Correlation (All Time) Calculated using the full available price history since Dec 10, 2014	0.57

The correlation between XSOE and DGRW has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

XSOE vs. DGRW - Sectors Allocation Comparison

Sectors	XSOE	DGRW
Technology	40.8%	33.8%
Consumer Cyclical	10.0%	8.0%
Financial Services	8.7%	8.4%
Industrials	6.9%	11.8%
Communication Services	5.0%	11.1%
Basic Materials	3.5%	2.8%
Consumer Defensive	2.5%	6.7%
Healthcare	2.3%	12.8%
Energy	1.4%	4.5%
Real Estate	0.6%	-
Utilities	0.4%	0.2%

Return for Risk

XSOE vs. DGRW — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

XSOE

XSOE Risk / Return Rank: 60
XSOE Sharpe Ratio Rank: 59
XSOE Sortino Ratio Rank: 54
XSOE Omega Ratio Rank: 62
XSOE Calmar Ratio Rank: 65
XSOE Martin Ratio Rank: 60

DGRW

DGRW Risk / Return Rank: 70
DGRW Sharpe Ratio Rank: 73
DGRW Sortino Ratio Rank: 74
DGRW Omega Ratio Rank: 74
DGRW Calmar Ratio Rank: 59
DGRW Martin Ratio Rank: 69

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

XSOE vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.69	-0.24
Sortino ratio: Return per unit of downside risk	1.98	2.41	-0.43
Omega ratio: Gain probability vs. loss probability	1.28	1.31	-0.04
Calmar ratio: Return relative to maximum drawdown	2.39	2.13	+0.26
Martin ratio: Return relative to average drawdown	7.55	8.60	-1.05

XSOE vs. DGRW - Sharpe Ratio Comparison

The current XSOE Sharpe Ratio is 1.45, which is comparable to the DGRW Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of XSOE and DGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

XSOE vs. DGRW - Drawdown Comparison

The maximum XSOE drawdown since its inception was -45.23%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for XSOE and DGRW.

Drawdown Indicators

	XSOE	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-32.04%	-13.19%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-8.30%	-6.49%
Max Drawdown (3Y) Largest decline over 3 years	-19.96%	-16.21%	-3.75%
Max Drawdown (5Y) Largest decline over 5 years	-38.76%	-17.27%	-21.49%
Max Drawdown (10Y) Largest decline over 10 years	-45.23%	-32.04%	-13.19%
Current Drawdown Current decline from peak	-10.06%	0.00%	-10.06%
Average Drawdown Average peak-to-trough decline	-17.13%	-3.00%	-14.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	2.05%	+2.61%

Volatility

XSOE vs. DGRW - Volatility Comparison

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a higher volatility of 9.01% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.19%. This indicates that XSOE's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSOE	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	3.19%	+5.82%
Volatility (6M) Calculated over the trailing 6-month period	22.22%	8.44%	+13.78%
Volatility (1Y) Calculated over the trailing 1-year period	24.36%	10.47%	+13.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.29%	14.02%	+6.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	16.19%	+4.78%

XSOE vs. DGRW - Expense Ratio Comparison

XSOE has a 0.32% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

XSOE vs. DGRW - Dividend Comparison

XSOE's dividend yield for the trailing twelve months is around 1.66%, more than DGRW's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.26%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	1.66%	1.50%	1.44%	1.78%	2.53%	1.36%	1.02%	2.01%	1.56%	0.65%	1.43%	3.93%

Frequently Asked Questions

Can I hold both XSOE and DGRW in my portfolio?

XSOE and DGRW have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSOE or DGRW?

XSOE has higher volatility (9.01%) compared to DGRW (3.19%). In terms of maximum drawdown, XSOE dropped -45.23% vs DGRW's -32.04%.

Which ETF is better, XSOE or DGRW?

On 10-year performance, DGRW leads with 13.79% vs 9.26% for XSOE. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 3.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSOE or DGRW?

Over the 10-year period, DGRW has performed better with a 13.79% return vs 9.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSOE or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.32% for XSOE.

Which ETF pays a higher dividend yield, XSOE or DGRW?

XSOE has the higher dividend yield at 1.66%, compared with 1.26% for DGRW.

What is the main difference between XSOE and DGRW?

XSOE is categorized as Emerging Markets Equities, while DGRW is Quality Factor. XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. Their fees differ too: 0.32% for XSOE and 0.28% for DGRW.

Which has better risk-adjusted returns?

DGRW currently has the higher Sharpe Ratio (1.69 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.