XSOE vs. ETHO

Last updated Aug 2, 2026

XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and ETHO (Amplify Etho Climate Leadership U.S. ETF) are both exchange-traded funds - XSOE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while ETHO is a Mid Cap Blend Equities fund tracking the Etho Climate Leadership Index. Both are passively managed. Over the past year, XSOE returned 34.12% vs 37.16% for ETHO. Their 0.61 correlation means they have sometimes moved together and sometimes differently. XSOE charges 0.32%/yr vs 0.45%/yr for ETHO.

Performance

XSOE vs. ETHO - 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 Amplify Etho Climate Leadership U.S. ETF (ETHO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSOE achieves a 16.94% return, which is significantly lower than ETHO's 21.44% return.

XSOE

• 1D: 0.73%
• 1M: -3.72%
• 6M: 9.40%
• YTD: 16.94%
• 1Y: 34.12%
• 3Y*: 17.32%
• 5Y*: 4.82%
• 10Y*: 9.07%
• ALL TIME*: 7.19%

ETHO

• 1D: -0.26%
• 1M: -0.30%
• 6M: 16.62%
• YTD: 21.44%
• 1Y: 37.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.23%

*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)
ETHO Amplify Etho Climate Leadership U.S. ETF	$257.99K	$228.52K	$294.89K
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	$6.63M	$5.94M	$6.98M

XSOE vs. ETHO - Yearly Performance Comparison

	2026 (YTD)	2025	2024
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	16.94%	30.05%	11.42%
ETHO Amplify Etho Climate Leadership U.S. ETF	21.44%	10.23%	11.21%

Correlation

The correlation between XSOE and ETHO is 0.65, 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.	0.65
Correlation (All Time) Calculated using the full available price history since Jan 29, 2024	0.61

The correlation between XSOE and ETHO has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.

XSOE vs. ETHO - Sectors Allocation Comparison

Sectors	XSOE	ETHO
Technology	40.8%	25.9%
Consumer Cyclical	10.0%	10.6%
Financial Services	8.7%	13.8%
Industrials	6.9%	15.2%
Communication Services	5.0%	3.6%
Basic Materials	3.5%	4.6%
Consumer Defensive	2.5%	4.7%
Healthcare	2.3%	13.1%
Energy	1.4%	0.3%
Real Estate	0.6%	6.0%
Utilities	0.4%	2.4%

Return for Risk

XSOE vs. ETHO — Risk / Return Rank

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

XSOE

XSOE Risk / Return Rank: 59
XSOE Sharpe Ratio Rank: 57
XSOE Sortino Ratio Rank: 54
XSOE Omega Ratio Rank: 61
XSOE Calmar Ratio Rank: 65
XSOE Martin Ratio Rank: 60

ETHO

ETHO Risk / Return Rank: 86
ETHO Sharpe Ratio Rank: 85
ETHO Sortino Ratio Rank: 85
ETHO Omega Ratio Rank: 80
ETHO Calmar Ratio Rank: 90
ETHO Martin Ratio Rank: 91

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. ETHO - 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 Amplify Etho Climate Leadership U.S. ETF (ETHO). 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	ETHO	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.00	-0.63
Sortino ratio: Return per unit of downside risk	1.88	2.82	-0.94
Omega ratio: Gain probability vs. loss probability	1.26	1.34	-0.07
Calmar ratio: Return relative to maximum drawdown	2.25	3.82	-1.57
Martin ratio: Return relative to average drawdown	7.19	14.85	-7.67

XSOE vs. ETHO - Sharpe Ratio Comparison

The current XSOE Sharpe Ratio is 1.37, which is lower than the ETHO Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of XSOE and ETHO, 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. ETHO - Drawdown Comparison

The maximum XSOE drawdown since its inception was -45.23%, which is greater than ETHO's maximum drawdown of -25.50%. Use the drawdown chart below to compare losses from any high point for XSOE and ETHO.

Drawdown Indicators

	XSOE	ETHO	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-25.50%	-19.73%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-9.25%	-5.54%
Max Drawdown (3Y) Largest decline over 3 years	-19.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.23%	—	—
Current Drawdown Current decline from peak	-10.73%	-1.63%	-9.10%
Average Drawdown Average peak-to-trough decline	-17.13%	-4.30%	-12.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	2.38%	+2.24%

Volatility

XSOE vs. ETHO - Volatility Comparison

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a higher volatility of 9.05% compared to Amplify Etho Climate Leadership U.S. ETF (ETHO) at 3.88%. This indicates that XSOE's price experiences larger fluctuations and is considered to be riskier than ETHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSOE	ETHO	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	3.88%	+5.17%
Volatility (6M) Calculated over the trailing 6-month period	22.29%	13.07%	+9.22%
Volatility (1Y) Calculated over the trailing 1-year period	24.33%	17.74%	+6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.28%	19.25%	+1.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	19.25%	+1.72%

XSOE vs. ETHO - Expense Ratio Comparison

XSOE has a 0.32% expense ratio, which is lower than ETHO's 0.45% expense ratio.

Dividends

XSOE vs. ETHO - Dividend Comparison

XSOE's dividend yield for the trailing twelve months is around 1.67%, more than ETHO's 0.70% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ETHO Amplify Etho Climate Leadership U.S. ETF	0.70%	0.86%	0.69%	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	1.67%	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 ETHO in my portfolio?

XSOE and ETHO have a correlation of 0.65, 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 ETHO?

XSOE has higher volatility (9.05%) compared to ETHO (3.88%). In terms of maximum drawdown, XSOE dropped -45.23% vs ETHO's -25.50%.

Which ETF is better, XSOE or ETHO?

On 1-year performance, ETHO leads with 37.16% vs 34.12% for XSOE. On fees, XSOE is cheaper at 0.32% per year. On volatility, ETHO has been the lower-risk option at 3.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSOE or ETHO?

Over the 1-year period, ETHO has performed better with a 37.16% return vs 34.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSOE or ETHO?

XSOE is cheaper with a 0.32% expense ratio, compared with 0.45% for ETHO.

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

XSOE has the higher dividend yield at 1.67%, compared with 0.70% for ETHO.

What is the main difference between XSOE and ETHO?

XSOE is categorized as Emerging Markets Equities, while ETHO is Mid Cap Blend Equities. XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while ETHO tracks Etho Climate Leadership Index. They also come from different issuers: WisdomTree and Amplify. Their fees differ too: 0.32% for XSOE and 0.45% for ETHO.

Which has better risk-adjusted returns?

ETHO currently has the higher Sharpe Ratio (2.00 vs 1.37), 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.