XSOE vs. FTHF

Last updated Aug 4, 2026

XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and FTHF (First Trust Emerging Markets Human Flourishing ETF) are both Emerging Markets Equities funds - XSOE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises Index while FTHF tracks the Emerging Markets Human Flourishing Index. Both are passively managed. Over the past year, XSOE returned 35.13% vs 76.97% for FTHF. Their correlation of 0.87 means they have usually moved in the same direction. XSOE charges 0.32%/yr vs 0.75%/yr for FTHF.

Performance

XSOE vs. FTHF - 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 First Trust Emerging Markets Human Flourishing ETF (FTHF). 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 lower than FTHF's 35.77% 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%

FTHF

• 1D: 0.81%
• 1M: -4.48%
• 6M: 18.25%
• YTD: 35.77%
• 1Y: 76.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 38.11%

*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)
FTHF First Trust Emerging Markets Human Flourishing ETF	$312.20K	$492.12K	$543.01K
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	$5.36M	$5.75M	$6.87M

XSOE vs. FTHF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	17.82%	30.05%	7.02%	11.94%
FTHF First Trust Emerging Markets Human Flourishing ETF	35.77%	65.30%	-8.14%	18.14%

Correlation

The correlation between XSOE and FTHF is 0.92, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.92
Correlation (All Time) Calculated using the full available price history since Oct 31, 2023	0.87

The correlation between XSOE and FTHF has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

XSOE vs. FTHF - Sectors Allocation Comparison

Sectors	XSOE	FTHF
Technology	40.8%	50.9%
Consumer Cyclical	10.0%	0.6%
Financial Services	8.7%	25.0%
Industrials	6.9%	5.4%
Communication Services	5.0%	0.8%
Basic Materials	3.5%	7.5%
Consumer Defensive	2.5%	3.0%
Healthcare	2.3%	0.5%
Energy	1.4%	4.6%
Real Estate	0.6%	-
Utilities	0.4%	1.8%

Return for Risk

XSOE vs. FTHF — 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

FTHF

FTHF Risk / Return Rank: 86
FTHF Sharpe Ratio Rank: 89
FTHF Sortino Ratio Rank: 80
FTHF Omega Ratio Rank: 86
FTHF Calmar Ratio Rank: 87
FTHF Martin Ratio Rank: 85

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. FTHF - 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 First Trust Emerging Markets Human Flourishing ETF (FTHF). 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	FTHF	Difference
Sharpe ratio: Return per unit of total volatility	1.45	2.26	-0.81
Sortino ratio: Return per unit of downside risk	1.98	2.74	-0.76
Omega ratio: Gain probability vs. loss probability	1.28	1.39	-0.11
Calmar ratio: Return relative to maximum drawdown	2.39	3.68	-1.29
Martin ratio: Return relative to average drawdown	7.55	12.69	-5.14

XSOE vs. FTHF - Sharpe Ratio Comparison

The current XSOE Sharpe Ratio is 1.45, which is lower than the FTHF Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of XSOE and FTHF, 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. FTHF - Drawdown Comparison

The maximum XSOE drawdown since its inception was -45.23%, which is greater than FTHF's maximum drawdown of -21.05%. Use the drawdown chart below to compare losses from any high point for XSOE and FTHF.

Drawdown Indicators

	XSOE	FTHF	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-21.05%	-24.18%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-21.05%	+6.26%
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	-10.06%	-15.06%	+5.00%
Average Drawdown Average peak-to-trough decline	-17.13%	-4.54%	-12.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	6.09%	-1.43%

Volatility

XSOE vs. FTHF - Volatility Comparison

The current volatility for WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) is 9.01%, while First Trust Emerging Markets Human Flourishing ETF (FTHF) has a volatility of 13.92%. This indicates that XSOE experiences smaller price fluctuations and is considered to be less risky than FTHF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSOE	FTHF	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	13.92%	-4.91%
Volatility (6M) Calculated over the trailing 6-month period	22.22%	31.87%	-9.65%
Volatility (1Y) Calculated over the trailing 1-year period	24.36%	34.32%	-9.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.29%	27.88%	-7.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	27.88%	-6.91%

XSOE vs. FTHF - Expense Ratio Comparison

XSOE has a 0.32% expense ratio, which is lower than FTHF's 0.75% expense ratio.

Dividends

XSOE vs. FTHF - Dividend Comparison

XSOE's dividend yield for the trailing twelve months is around 1.66%, less than FTHF's 3.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTHF First Trust Emerging Markets Human Flourishing ETF	3.36%	4.40%	3.34%	0.51%	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	1.66%	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 FTHF in my portfolio?

With a correlation of 0.92, XSOE and FTHF 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 FTHF?

FTHF has higher volatility (13.92%) compared to XSOE (9.01%). In terms of maximum drawdown, XSOE dropped -45.23% vs FTHF's -21.05%.

Which ETF is better, XSOE or FTHF?

On 1-year performance, FTHF leads with 76.97% vs 35.13% for XSOE. On fees, XSOE is cheaper at 0.32% per year. On volatility, XSOE has been the lower-risk option at 9.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSOE or FTHF?

Over the 1-year period, FTHF has performed better with a 76.97% return vs 35.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSOE or FTHF?

XSOE is cheaper with a 0.32% expense ratio, compared with 0.75% for FTHF.

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

FTHF has the higher dividend yield at 3.36%, compared with 1.66% for XSOE.

What is the main difference between XSOE and FTHF?

XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while FTHF tracks Emerging Markets Human Flourishing Index. They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.32% for XSOE and 0.75% for FTHF.

Which has better risk-adjusted returns?

FTHF currently has the higher Sharpe Ratio (2.26 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.