XSOE vs. EVLU
XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds - XSOE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, XSOE returned 46.15% vs 59.59% for EVLU. Their correlation of 0.91 suggests significant overlap in exposure. XSOE charges 0.32%/yr vs 0.35%/yr for EVLU.
Performance
XSOE vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, XSOE achieves a 23.47% return, which is significantly lower than EVLU's 28.98% 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%
EVLU
- 1D
- -3.07%
- 1M
- 3.10%
- YTD
- 28.98%
- 6M
- 30.29%
- 1Y
- 59.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XSOE vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 23.47% | 30.05% | 0.25% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 28.98% | 38.54% | 1.21% |
Correlation
The correlation between XSOE and EVLU is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.91 |
The correlation between XSOE and EVLU has been stable across timeframes, ranging from 0.91 to 0.91 - a consistent structural relationship.
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Return for Risk
XSOE vs. EVLU — Risk / Return Rank
XSOE
EVLU
XSOE vs. EVLU - 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 iShares MSCI Emerging Markets Value Factor ETF (EVLU). 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 | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.53 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 4.64 | -1.16 |
| Martin ratioReturn relative to average drawdown | 12.67 | 16.27 | -3.60 |
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Drawdowns
XSOE vs. EVLU - Drawdown Comparison
The maximum XSOE drawdown since its inception was -45.23%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for XSOE and EVLU.
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Drawdown Indicators
| XSOE | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.23% | -17.17% | -28.06% |
Max Drawdown (1Y)Largest decline over 1 year | -13.31% | -12.90% | -0.41% |
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 DrawdownCurrent decline from peak | -5.74% | -5.94% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -17.22% | -3.52% | -13.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 3.67% | -0.02% |
Volatility
XSOE vs. EVLU - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a higher volatility of 12.60% compared to iShares MSCI Emerging Markets Value Factor ETF (EVLU) at 9.29%. This indicates that XSOE's price experiences larger fluctuations and is considered to be riskier than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSOE | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.60% | 9.29% | +3.31% |
Volatility (6M)Calculated over the trailing 6-month period | 20.57% | 17.64% | +2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.57% | 20.18% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.04% | 20.36% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.89% | 20.36% | +0.53% |
XSOE vs. EVLU - Expense Ratio Comparison
XSOE has a 0.32% expense ratio, which is lower than EVLU's 0.35% expense ratio.
Dividends
XSOE vs. EVLU - Dividend Comparison
XSOE's dividend yield for the trailing twelve months is around 1.32%, less than EVLU's 3.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.77% | 5.20% | 1.03% | 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
With a correlation of 0.91, XSOE and EVLU 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.
XSOE has higher volatility (12.60%) compared to EVLU (9.29%). In terms of maximum drawdown, XSOE dropped -45.23% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 59.59% vs 46.15% for XSOE. On fees, XSOE is cheaper at 0.32% per year. On volatility, EVLU has been the lower-risk option at 9.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 59.59% return vs 46.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSOE is cheaper with a 0.32% expense ratio, compared with 0.35% for EVLU.
EVLU has the higher dividend yield at 3.77%, compared with 1.32% for XSOE.
XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.32% for XSOE and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (2.97 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.
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