XSOE vs. STXE

Last updated Aug 4, 2026

XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and STXE (Strive Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - XSOE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises Index while STXE tracks the Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. Both are passively managed. Over the past 3 years, XSOE returned 18.40%/yr vs 24.25%/yr for STXE. Their correlation of 0.87 means they have usually moved in the same direction. Both charge a 0.32% expense ratio.

Performance

XSOE vs. STXE - 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 Strive Emerging Markets Ex-China ETF (STXE). 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 STXE's 31.89% 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%

STXE

• 1D: 0.31%
• 1M: -4.78%
• 6M: 17.76%
• YTD: 31.89%
• 1Y: 56.83%
• 3Y*: 24.25%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.41%

*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)
STXE Strive Emerging Markets Ex-China ETF	$408.52K	$564.14K	$567.10K
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	$5.36M	$5.75M	$6.87M

XSOE vs. STXE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund	17.82%	30.05%	7.02%	0.24%
STXE Strive Emerging Markets Ex-China ETF	31.89%	34.23%	2.09%	12.38%

Correlation

The correlation between XSOE and STXE is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (All Time) Calculated using the full available price history since Jan 31, 2023	0.87

The correlation between XSOE and STXE has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

XSOE vs. STXE - Sectors Allocation Comparison

Sectors	XSOE	STXE
Technology	40.8%	40.3%
Consumer Cyclical	10.0%	1.4%
Financial Services	8.7%	15.7%
Industrials	6.9%	5.0%
Communication Services	5.0%	3.2%
Basic Materials	3.5%	6.2%
Consumer Defensive	2.5%	1.7%
Healthcare	2.3%	0.6%
Energy	1.4%	3.5%
Real Estate	0.6%	0.4%
Utilities	0.4%	1.1%

Return for Risk

XSOE vs. STXE — 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

STXE

STXE Risk / Return Rank: 77
STXE Sharpe Ratio Rank: 80
STXE Sortino Ratio Rank: 72
STXE Omega Ratio Rank: 79
STXE Calmar Ratio Rank: 76
STXE Martin Ratio Rank: 78

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. STXE - 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 Strive Emerging Markets Ex-China ETF (STXE). 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	STXE	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.92	-0.46
Sortino ratio: Return per unit of downside risk	1.98	2.45	-0.48
Omega ratio: Gain probability vs. loss probability	1.28	1.35	-0.07
Calmar ratio: Return relative to maximum drawdown	2.39	2.80	-0.42
Martin ratio: Return relative to average drawdown	7.55	10.42	-2.87

XSOE vs. STXE - Sharpe Ratio Comparison

The current XSOE Sharpe Ratio is 1.45, which is comparable to the STXE Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of XSOE and STXE, 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. STXE - Drawdown Comparison

The maximum XSOE drawdown since its inception was -45.23%, which is greater than STXE's maximum drawdown of -20.38%. Use the drawdown chart below to compare losses from any high point for XSOE and STXE.

Drawdown Indicators

	XSOE	STXE	Difference
Max Drawdown Largest peak-to-trough decline	-45.23%	-20.38%	-24.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-20.38%	+5.59%
Max Drawdown (3Y) Largest decline over 3 years	-19.96%	-20.38%	+0.42%
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%	-14.32%	+4.26%
Average Drawdown Average peak-to-trough decline	-17.13%	-3.96%	-13.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.66%	5.47%	-0.81%

Volatility

XSOE vs. STXE - Volatility Comparison

The current volatility for WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) is 9.01%, while Strive Emerging Markets Ex-China ETF (STXE) has a volatility of 12.86%. This indicates that XSOE experiences smaller price fluctuations and is considered to be less risky than STXE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XSOE	STXE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.01%	12.86%	-3.85%
Volatility (6M) Calculated over the trailing 6-month period	22.22%	28.03%	-5.81%
Volatility (1Y) Calculated over the trailing 1-year period	24.36%	29.88%	-5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.29%	20.16%	+0.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	20.16%	+0.81%

XSOE vs. STXE - Expense Ratio Comparison

Both XSOE and STXE have an expense ratio of 0.32%.

Dividends

XSOE vs. STXE - Dividend Comparison

XSOE's dividend yield for the trailing twelve months is around 1.66%, less than STXE's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
STXE Strive Emerging Markets Ex-China ETF	1.90%	2.66%	3.22%	1.08%	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 STXE in my portfolio?

With a correlation of 0.93, XSOE and STXE 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 STXE?

STXE has higher volatility (12.86%) compared to XSOE (9.01%). In terms of maximum drawdown, XSOE dropped -45.23% vs STXE's -20.38%.

Which ETF is better, XSOE or STXE?

On 3-year performance, STXE leads with 24.25% vs 18.40% for XSOE. Both ETFs have the same 0.32% expense ratio. 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 STXE?

Over the 3-year period, STXE has performed better with a 24.25% return vs 18.40%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XSOE or STXE?

XSOE and STXE have the same expense ratio: 0.32% per year.

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

STXE has the higher dividend yield at 1.90%, compared with 1.66% for XSOE.

What is the main difference between XSOE and STXE?

XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while STXE tracks Bloomberg US 1000 Dividend Growth Index - Benchmark TR Gross. They also come from different issuers: WisdomTree and Strive.

Which has better risk-adjusted returns?

STXE currently has the higher Sharpe Ratio (1.92 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.