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XSOE vs. EMOP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSOE vs. EMOP

Last updated Jun 4, 2026

XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and EMOP (AB Emerging Markets Opportunities ETF) are both Emerging Markets Equities funds. XSOE is passively managed, while EMOP is actively managed. Their correlation of 0.93 suggests significant overlap in exposure. XSOE charges 0.32%/yr vs 0.70%/yr for EMOP.

Performance

XSOE vs. EMOP - 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 AB Emerging Markets Opportunities ETF (EMOP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XSOE achieves a 27.99% return, which is significantly lower than EMOP's 32.56% return.

XSOE

1D
-1.31%
1M
9.84%
YTD
27.99%
6M
30.83%
1Y
54.87%
3Y*
23.36%
5Y*
5.06%
10Y*
10.77%

EMOP

1D
-0.72%
1M
8.86%
YTD
32.56%
6M
34.94%
1Y
—
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSOE vs. EMOP - Yearly Performance Comparison

2026 (YTD)2025
XSOE
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund		27.99%18.83%
EMOP
AB Emerging Markets Opportunities ETF		32.56%16.69%

Correlation

The correlation between XSOE and EMOP is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 20, 2025

0.93

XSOE vs. EMOP - Sectors Allocation Comparison

Sectors
XSOE
EMOP

Technology

37.3%
30.3%

Financial Services

15.5%
24.0%

Consumer Cyclical

12.6%
7.8%

Industrials

9.6%
8.1%

Communication Services

7.0%
12.3%

Basic Materials

5.3%
7.0%

Healthcare

4.4%
1.6%

Consumer Defensive

3.8%
1.4%

Energy

2.0%
2.6%

Utilities

1.4%
2.8%

Real Estate

1.0%
2.3%

Technology

XSOE
37.3%
EMOP
30.3%

Financial Services

XSOE
15.5%
EMOP
24.0%

Consumer Cyclical

XSOE
12.6%
EMOP
7.8%

Industrials

XSOE
9.6%
EMOP
8.1%

Communication Services

XSOE
7.0%
EMOP
12.3%

Basic Materials

XSOE
5.3%
EMOP
7.0%

Healthcare

XSOE
4.4%
EMOP
1.6%

Consumer Defensive

XSOE
3.8%
EMOP
1.4%

Energy

XSOE
2.0%
EMOP
2.6%

Utilities

XSOE
1.4%
EMOP
2.8%

Real Estate

XSOE
1.0%
EMOP
2.3%

Compare stocks, funds, or ETFs

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WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

AB Emerging Markets Opportunities ETF

Often compared with XSOE:
XSOE vs. SPEMXSOE vs. WTMFXSOE vs. ETHOXSOE vs. VWOXSOE vs. DFAEXSOE vs. AVEMXSOE vs. EEM
Often compared with EMOP:
EMOP vs. AGEMEMOP vs. BUFCEMOP vs. RNEMEMOP vs. UAEEMOP vs. GEMEMOP vs. PIEEMOP vs. LRGC

Return for Risk

XSOE vs. EMOP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSOE
XSOE Risk / Return Rank: 8282
Overall Rank
XSOE Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
XSOE Sortino Ratio Rank: 8181
Sortino Ratio Rank
XSOE Omega Ratio Rank: 8484
Omega Ratio Rank
XSOE Calmar Ratio Rank: 8080
Calmar Ratio Rank
XSOE Martin Ratio Rank: 8080
Martin Ratio Rank
EMOP
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 vs. EMOP - 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 AB Emerging Markets Opportunities ETF (EMOP). 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.

XSOEEMOPDifference
Sharpe ratioReturn per unit of total volatility
2.79

—

—

Sortino ratioReturn per unit of downside risk
3.65

—

—

Omega ratioGain probability vs. loss probability

1.51

—

—

Calmar ratioReturn relative to maximum drawdown

4.14

—

—

Martin ratioReturn relative to average drawdown

15.84

—

—

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 vs. EMOP - Sharpe Ratio Comparison

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Sharpe Ratios by Period

XSOEEMOPDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.79

—

—

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

2.93

-2.53

Drawdowns

XSOE vs. EMOP - Drawdown Comparison

The maximum XSOE drawdown since its inception was -45.23%, which is greater than EMOP's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for XSOE and EMOP.

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Drawdown Indicators

XSOEEMOPDifference

Max Drawdown

Largest peak-to-trough decline

-45.23%

-12.88%

-32.35%

Max Drawdown (1Y)

Largest decline over 1 year

-13.31%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-19.96%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-42.05%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-45.23%

—

—

Current Drawdown

Current decline from peak

-1.31%

-0.72%

-0.59%

Average Drawdown

Average peak-to-trough decline

-17.28%

-1.90%

-15.38%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.47%

—

—

Volatility

XSOE vs. EMOP - Volatility Comparison

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Volatility by Period

XSOEEMOPDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.57%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

17.24%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

19.77%

19.85%

-0.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

19.43%

19.85%

-0.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.59%

19.85%

+0.74%

XSOE vs. EMOP - Expense Ratio Comparison

XSOE has a 0.32% expense ratio, which is lower than EMOP's 0.70% expense ratio.

Dividends

XSOE vs. EMOP - Dividend Comparison

XSOE's dividend yield for the trailing twelve months is around 1.28%, more than EMOP's 0.82% yield.

PositionTTM20252024202320222021202020192018201720162015
EMOP
AB Emerging Markets Opportunities ETF		0.82%0.27%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
XSOE
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund		1.28%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

With a correlation of 0.93, XSOE and EMOP 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.

On fees, XSOE is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XSOE is cheaper with a 0.32% expense ratio, compared with 0.70% for EMOP.

XSOE has the higher dividend yield at 1.28%, compared with 0.82% for EMOP.

They also come from different issuers: WisdomTree and AllianceBernstein. Their fees differ too: 0.32% for XSOE and 0.70% for EMOP.

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