XSOE vs. VEXC
XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and VEXC (Vanguard Emerging Markets Ex-China ETF) are both Emerging Markets Equities funds - XSOE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises Index while VEXC tracks the FTSE Emerging ex China Index. Both are passively managed. Their correlation of 0.93 suggests significant overlap in exposure. XSOE charges 0.32%/yr vs 0.07%/yr for VEXC.
Performance
XSOE vs. VEXC - Performance Comparison
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Returns By Period
In the year-to-date period, XSOE achieves a 27.99% return, which is significantly higher than VEXC's 20.21% 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%
VEXC
- 1D
- -1.20%
- 1M
- 4.95%
- YTD
- 20.21%
- 6M
- 23.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XSOE vs. VEXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 27.99% | 2.22% |
VEXC Vanguard Emerging Markets Ex-China ETF | 20.21% | 4.80% |
Correlation
The correlation between XSOE and VEXC is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025 | 0.93 |
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Return for Risk
XSOE vs. VEXC — Risk / Return Rank
XSOE
VEXC
XSOE vs. VEXC - 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 Vanguard Emerging Markets Ex-China ETF (VEXC). 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 | VEXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | — | — |
| Martin ratioReturn relative to average drawdown | 15.84 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XSOE | VEXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | — | — |
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 | 2.21 | -1.81 |
Drawdowns
XSOE vs. VEXC - Drawdown Comparison
The maximum XSOE drawdown since its inception was -45.23%, which is greater than VEXC's maximum drawdown of -12.42%. Use the drawdown chart below to compare losses from any high point for XSOE and VEXC.
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Drawdown Indicators
| XSOE | VEXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.23% | -12.42% | -32.81% |
Max Drawdown (1Y)Largest decline over 1 year | -13.31% | — | — |
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 | -1.31% | -1.20% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -2.23% | -15.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | — | — |
Volatility
XSOE vs. VEXC - Volatility Comparison
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Volatility by Period
| XSOE | VEXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.57% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 17.24% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 18.89% | +0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.43% | 18.89% | +0.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.59% | 18.89% | +1.70% |
XSOE vs. VEXC - Expense Ratio Comparison
XSOE has a 0.32% expense ratio, which is higher than VEXC's 0.07% expense ratio.
Dividends
XSOE vs. VEXC - Dividend Comparison
XSOE's dividend yield for the trailing twelve months is around 1.28%, more than VEXC's 0.74% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VEXC Vanguard Emerging Markets Ex-China ETF | 0.74% | 0.43% | 0.00% | 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 | 1.28% | 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
With a correlation of 0.93, XSOE and VEXC 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.
On fees, VEXC is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEXC is cheaper with a 0.07% expense ratio, compared with 0.32% for XSOE.
XSOE has the higher dividend yield at 1.28%, compared with 0.74% for VEXC.
XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while VEXC tracks FTSE Emerging ex China Index. They also come from different issuers: WisdomTree and Vanguard. Their fees differ too: 0.32% for XSOE and 0.07% for VEXC.
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