XSOE vs. XC
XSOE (WisdomTree Emerging Markets ex-State-Owned Enterprises Fund) and XC (WisdomTree Emerging Markets ex-China Fund) are both Emerging Markets Equities funds from WisdomTree - XSOE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises Index while XC tracks the WisdomTree Emerging Markets ex-China Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, XSOE returned 18.40%/yr vs 10.34%/yr for XC. Their correlation of 0.82 means they have usually moved in the same direction. Both charge a 0.32% expense ratio.
Performance
XSOE vs. XC - Performance Comparison
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Returns By Period
In the year-to-date period, XSOE achieves a 17.82% return, which is significantly higher than XC's 0.72% 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%
XC
- 1D
- 0.62%
- 1M
- 1.81%
- 6M
- -4.03%
- YTD
- 0.72%
- 1Y
- 8.07%
- 3Y*
- 10.34%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 11.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $692.69K | $486.37K | $573.91K | |
| $5.36M | $5.75M | $6.87M |
XSOE vs. XC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XSOE WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 17.82% | 30.05% | 7.02% | 10.28% | 1.65% |
XC WisdomTree Emerging Markets ex-China Fund | 0.72% | 18.19% | 5.49% | 21.31% | 1.58% |
Correlation
The correlation between XSOE and XC is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2022 | 0.82 |
The correlation between XSOE and XC has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
XSOE vs. XC - Sectors Allocation Comparison
Sectors
XSOE
XC
Technology
Consumer Cyclical
Financial Services
Industrials
Communication Services
Basic Materials
Consumer Defensive
Healthcare
Energy
Real Estate
Utilities
Technology
XSOE
XC
Consumer Cyclical
XSOE
XC
Financial Services
XSOE
XC
Industrials
XSOE
XC
Communication Services
XSOE
XC
Basic Materials
XSOE
XC
Consumer Defensive
XSOE
XC
Healthcare
XSOE
XC
Energy
XSOE
XC
Real Estate
XSOE
XC
Utilities
XSOE
XC
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Return for Risk
XSOE vs. XC — Risk / Return Rank
XSOE
XC
XSOE vs. XC - 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 Emerging Markets ex-China Fund (XC). 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 | XC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.11 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 2.39 | 0.65 | +1.74 |
| Martin ratioReturn relative to average drawdown | 7.55 | 1.57 | +5.98 |
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Drawdowns
XSOE vs. XC - Drawdown Comparison
The maximum XSOE drawdown since its inception was -45.23%, which is greater than XC's maximum drawdown of -20.97%. Use the drawdown chart below to compare losses from any high point for XSOE and XC.
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Drawdown Indicators
| XSOE | XC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.23% | -20.97% | -24.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.79% | -12.47% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.96% | -20.97% | +1.01% |
Max Drawdown (5Y)Largest decline over 5 years | -38.76% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.23% | — | — |
Current DrawdownCurrent decline from peak | -10.06% | -5.41% | -4.65% |
Average DrawdownAverage peak-to-trough decline | -17.13% | -4.26% | -12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.66% | 5.15% | -0.49% |
Volatility
XSOE vs. XC - Volatility Comparison
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund (XSOE) has a higher volatility of 9.01% compared to WisdomTree Emerging Markets ex-China Fund (XC) at 4.16%. This indicates that XSOE's price experiences larger fluctuations and is considered to be riskier than XC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XSOE | XC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.01% | 4.16% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 22.22% | 13.30% | +8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 15.01% | +9.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.29% | 15.83% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.97% | 15.83% | +5.14% |
XSOE vs. XC - Expense Ratio Comparison
Both XSOE and XC have an expense ratio of 0.32%.
Dividends
XSOE vs. XC - Dividend Comparison
XSOE's dividend yield for the trailing twelve months is around 1.66%, less than XC's 11.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XC WisdomTree Emerging Markets ex-China Fund | 11.93% | 11.74% | 1.49% | 1.42% | 0.57% | 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
XSOE and XC have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSOE has higher volatility (9.01%) compared to XC (4.16%). In terms of maximum drawdown, XSOE dropped -45.23% vs XC's -20.97%.
On 3-year performance, XSOE leads with 18.40% vs 10.34% for XC. Both ETFs have the same 0.32% expense ratio. On volatility, XC has been the lower-risk option at 4.16%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XSOE has performed better with a 18.40% return vs 10.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XSOE and XC have the same expense ratio: 0.32% per year.
XC has the higher dividend yield at 11.93%, compared with 1.66% for XSOE.
XSOE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises Index, while XC tracks WisdomTree Emerging Markets ex-China Index - Benchmark TR Net.
XSOE currently has the higher Sharpe Ratio (1.45 vs 0.54), 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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