XSOE vs. EMOP

Last updated Jun 24, 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. Over the past year, XSOE returned 46.15% vs 47.69% for EMOP. Their correlation of 0.94 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.

Returns By Period

In the year-to-date period, XSOE achieves a 23.47% return, which is significantly lower than EMOP's 27.21% return.

XSOE

• 1D: -5.74%
• 1M: 2.49%
• YTD: 23.47%
• 6M: 24.31%
• 1Y: 46.15%
• 3Y*: 22.11%
• 5Y*: 4.49%
• 10Y*: 10.33%

EMOP

• 1D: -4.78%
• 1M: 1.88%
• YTD: 27.21%
• 6M: 28.58%
• 1Y: 47.69%
• 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	23.47%	18.68%
EMOP AB Emerging Markets Opportunities ETF	27.21%	16.48%

Correlation

The correlation between XSOE and EMOP is 0.94, 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	0.94
Correlation (All Time) Calculated using the full available price history since Jun 18, 2025	0.94

The correlation between XSOE and EMOP has been stable across timeframes, ranging from 0.94 to 0.94 - a consistent structural relationship.

XSOE vs. EMOP - Sectors Allocation Comparison

Sectors	XSOE	EMOP
Technology	43.9%	30.3%
Financial Services	14.1%	24.0%
Consumer Cyclical	11.3%	7.8%
Industrials	8.6%	8.1%
Communication Services	6.1%	12.3%
Basic Materials	4.8%	7.0%
Healthcare	3.9%	1.6%
Consumer Defensive	3.4%	1.4%
Energy	1.6%	2.6%
Utilities	1.3%	2.8%
Real Estate	0.9%	2.3%

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: 69
XSOE Sharpe Ratio Rank: 68
XSOE Sortino Ratio Rank: 60
XSOE Omega Ratio Rank: 72
XSOE Calmar Ratio Rank: 73
XSOE Martin Ratio Rank: 72

EMOP

EMOP Risk / Return Rank: 76
EMOP Sharpe Ratio Rank: 77
EMOP Sortino Ratio Rank: 68
EMOP Omega Ratio Rank: 78
EMOP Calmar Ratio Rank: 78
EMOP Martin Ratio Rank: 79

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.

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	EMOP	Difference
Sharpe ratio: Return per unit of total volatility	2.06	2.21	-0.16
Sortino ratio: Return per unit of downside risk	2.65	2.81	-0.16
Omega ratio: Gain probability vs. loss probability	1.40	1.41	-0.02
Calmar ratio: Return relative to maximum drawdown	3.48	3.72	-0.24
Martin ratio: Return relative to average drawdown	12.67	13.88	-1.21

XSOE vs. EMOP - Sharpe Ratio Comparison

The current XSOE Sharpe Ratio is 2.06, which is comparable to the EMOP Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of XSOE and EMOP, 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. 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.

Drawdown Indicators

	XSOE	EMOP	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-12.88%	-32.35%
Max Drawdown (1Y) Largest decline over 1 year	-13.31%	-12.88%	-0.43%
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	-5.74%	-4.78%	-0.96%
Average Drawdown Average peak-to-trough decline	-17.22%	-2.00%	-15.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	3.44%	+0.21%

Volatility

XSOE vs. EMOP - Volatility Comparison

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a higher volatility of 12.60% compared to AB Emerging Markets Opportunities ETF (EMOP) at 10.76%. This indicates that XSOE's price experiences larger fluctuations and is considered to be riskier than EMOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSOE	EMOP	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.60%	10.76%	+1.84%
Volatility (6M) Calculated over the trailing 6-month period	20.57%	19.59%	+0.98%
Volatility (1Y) Calculated over the trailing 1-year period	22.57%	21.65%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.04%	21.57%	-1.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.89%	21.57%	-0.68%

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 1.32%, more than EMOP's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMOP AB Emerging Markets Opportunities ETF	0.85%	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	1.32%	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 EMOP in my portfolio?

With a correlation of 0.94, 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.

Which is riskier, XSOE or EMOP?

XSOE has higher volatility (12.60%) compared to EMOP (10.76%). In terms of maximum drawdown, XSOE dropped -45.23% vs EMOP's -12.88%.

Which ETF is better, XSOE or EMOP?

On 1-year performance, EMOP leads with 47.69% vs 46.15% for XSOE. On fees, XSOE is cheaper at 0.32% per year. On volatility, EMOP has been the lower-risk option at 10.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSOE or EMOP?

Over the 1-year period, EMOP has performed better with a 47.69% return vs 46.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSOE or EMOP?

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

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

XSOE has the higher dividend yield at 1.32%, compared with 0.85% for EMOP.

What is the main difference between XSOE and EMOP?

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

Which has better risk-adjusted returns?

EMOP currently has the higher Sharpe Ratio (2.21 vs 2.06), 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.