XSOE vs. QGRW

Last updated Jun 4, 2026

XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and QGRW (WisdomTree U.S. Quality Growth Fund) are both exchange-traded funds - XSOE is a Emerging Markets Equities fund tracking the WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while QGRW is a Large Cap Growth Equities fund tracking the WisdomTree U.S. Quality Growth Index. Both are passively managed. Over the past 3 years, XSOE returned 23.36%/yr vs 29.10%/yr for QGRW. A 0.63 correlation means they provide meaningful diversification when combined. XSOE charges 0.32%/yr vs 0.28%/yr for QGRW.

Performance

XSOE vs. QGRW - 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 WisdomTree U.S. Quality Growth Fund (QGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XSOE achieves a 27.99% return, which is significantly higher than QGRW's 15.43% 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%

QGRW

• 1D: -1.04%
• 1M: 9.03%
• YTD: 15.43%
• 6M: 14.57%
• 1Y: 35.66%
• 3Y*: 29.10%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

XSOE vs. QGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	27.99%	30.05%	7.02%	10.28%	-0.30%
QGRW WisdomTree U.S. Quality Growth Fund	15.43%	19.20%	34.85%	56.05%	-3.30%

Correlation

The correlation between XSOE and QGRW is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 16, 2022	0.63

The correlation between XSOE and QGRW has been stable across timeframes, ranging from 0.63 to 0.72 - a consistent structural relationship.

XSOE vs. QGRW - Sectors Allocation Comparison

Sectors	XSOE	QGRW
Technology	37.3%	52.1%
Financial Services	15.5%	4.1%
Consumer Cyclical	12.6%	12.4%
Industrials	9.6%	8.0%
Communication Services	7.0%	17.8%
Basic Materials	5.3%	-
Healthcare	4.4%	4.3%
Consumer Defensive	3.8%	0.5%
Energy	2.0%	0.6%
Utilities	1.4%	0.4%
Real Estate	1.0%	-

Return for Risk

XSOE vs. QGRW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSOE

XSOE Risk / Return Rank: 82
XSOE Sharpe Ratio Rank: 84
XSOE Sortino Ratio Rank: 81
XSOE Omega Ratio Rank: 84
XSOE Calmar Ratio Rank: 80
XSOE Martin Ratio Rank: 80

QGRW

QGRW Risk / Return Rank: 54
QGRW Sharpe Ratio Rank: 60
QGRW Sortino Ratio Rank: 56
QGRW Omega Ratio Rank: 57
QGRW Calmar Ratio Rank: 46
QGRW Martin Ratio Rank: 52

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. QGRW - 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 WisdomTree U.S. Quality Growth Fund (QGRW). 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.

	XSOE	QGRW	Difference
Sharpe ratio: Return per unit of total volatility	2.79	2.06	+0.73
Sortino ratio: Return per unit of downside risk	3.65	2.75	+0.90
Omega ratio: Gain probability vs. loss probability	1.51	1.35	+0.16
Calmar ratio: Return relative to maximum drawdown	4.14	2.32	+1.82
Martin ratio: Return relative to average drawdown	15.84	9.08	+6.76
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. QGRW - Sharpe Ratio Comparison

The current XSOE Sharpe Ratio is 2.79, which is higher than the QGRW Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of XSOE and QGRW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XSOE	QGRW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.79	2.06	+0.73
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	1.66	-1.25

Drawdowns

XSOE vs. QGRW - Drawdown Comparison

The maximum XSOE drawdown since its inception was -45.23%, which is greater than QGRW's maximum drawdown of -24.40%. Use the drawdown chart below to compare losses from any high point for XSOE and QGRW.

Drawdown Indicators

	XSOE	QGRW	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-24.40%	-20.83%
Max Drawdown (1Y) Largest decline over 1 year	-13.31%	-15.44%	+2.13%
Max Drawdown (3Y) Largest decline over 3 years	-19.96%	-24.40%	+4.44%
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%	-1.33%	+0.02%
Average Drawdown Average peak-to-trough decline	-17.28%	-3.26%	-14.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.47%	3.94%	-0.47%

Volatility

XSOE vs. QGRW - Volatility Comparison

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a higher volatility of 8.57% compared to WisdomTree U.S. Quality Growth Fund (QGRW) at 4.71%. This indicates that XSOE's price experiences larger fluctuations and is considered to be riskier than QGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSOE	QGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.57%	4.71%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	17.24%	13.67%	+3.57%
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	17.40%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.43%	21.08%	-1.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.59%	21.08%	-0.49%

XSOE vs. QGRW - Expense Ratio Comparison

XSOE has a 0.32% expense ratio, which is higher than QGRW's 0.28% expense ratio.

Dividends

XSOE vs. QGRW - Dividend Comparison

XSOE's dividend yield for the trailing twelve months is around 1.28%, more than QGRW's 0.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
QGRW WisdomTree U.S. Quality Growth Fund	0.07%	0.09%	0.14%	0.11%	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

Can I hold both XSOE and QGRW in my portfolio?

XSOE and QGRW have a correlation of 0.72, 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 QGRW?

XSOE has higher volatility (8.57%) compared to QGRW (4.71%). In terms of maximum drawdown, XSOE dropped -45.23% vs QGRW's -24.40%.

Which ETF is better, XSOE or QGRW?

On 3-year performance, QGRW leads with 29.10% vs 23.36% for XSOE. On fees, QGRW is cheaper at 0.28% per year. On volatility, QGRW has been the lower-risk option at 4.71%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XSOE or QGRW?

Over the 3-year period, QGRW has performed better with a 29.10% return vs 23.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSOE or QGRW?

QGRW is cheaper with a 0.28% expense ratio, compared with 0.32% for XSOE.

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

XSOE has the higher dividend yield at 1.28%, compared with 0.07% for QGRW.

What is the main difference between XSOE and QGRW?

XSOE is categorized as Emerging Markets Equities, while QGRW is Large Cap Growth Equities. XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while QGRW tracks WisdomTree U.S. Quality Growth Index. Their fees differ too: 0.32% for XSOE and 0.28% for QGRW.

Which has better risk-adjusted returns?

XSOE currently has the higher Sharpe Ratio (2.79 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.