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Launched · SEC filings

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

XSOENYSE ArcaWisdomTreeA

$42.81+0.13 (+0.30%)

As of Nov 2, 2026, 3:59 PM ET

A71/ 100

Rank 4 of 22 in Emerging Markets Stocks

A71/100Rank 4 of 22inEmerging Markets Stocks
Intraday session: up, 79 prints from 42.68 to 42.81. Range 42.80 to 43.66. Use the arrow keys to read each point.43.0043.2043.4043.6010 AM12 PM2 PM4 PM
Expense ratio
0.32%
Fund size
$1.91B
1Y total return
+10.5%
Yield · Last 12 months
1.82%
Holdings
866
Avg volume · 30D
97K sh
52W range
low $37.02high $51.38
Launched
Filings
SEC EDGAR

The ETF.net XSOE Grade

A

Score 71 out of 100

Category
Emerging Markets Stocks⁠
Rank
4 of 22
Six-pillar profile for XSOE. Scores out of 100: Cost 71, Risk 48, Mission 100, Tradability 53, Holdings 59, Durability 81. Strongest: Mission (100). Weakest: Risk (48). Leans toward Mission.

Score 71 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A71 out of 100
    Rank 6 of 22

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 17

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C48 out of 100
    Rank 14 of 22

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 12 of 22

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B59 out of 100
    Rank 10 of 19

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A81 out of 100
    Rank 3 of 22

Our read on XSOE

ETF.net Research

In short

AOne screen, applied hard: if a government owns more than 20% of a company, XSOE leaves it out. What is left is emerging markets minus the state champions, with country weights pushed back toward the standard EM mix.

Stated mandate

The fund seeks to track the investment results of emerging-market companies that are not state-owned enterprises, defined as companies with no more than 20% government ownership.

Why people hold it

  • The 20% government-ownership cutoff is an index rule, not a manager's judgment call, and the fund has run on it since its 2014 launch.wisdomtree.com
  • 0.32% a year, under the typical fund in its emerging-markets peer group, for a screen most broad EM funds never apply.
  • After the state-owned names come out, the index pushes country weights back toward where they started, so it stays a filtered EM portfolio rather than a country bet.wisdomtree.com
  • A multi-billion-dollar fund spread across roughly 800 stocks, and it has tracked its index closely.

Worth knowing

  • Cheaper broad EM shelf-mates exist (BKEM at 0.11%, XCEM at 0.16%). The screen is what you are paying the difference for.
  • Government stakes cluster in banks and energy in EM, so removing them shifts the sector mix toward private-sector names. Expect it to behave differently from a plain EM index.wisdomtree.com
  • No country is excluded, so China stays in the mix, unlike ex-China peers VEXC and XCEM. It also sits among the more volatile funds in its peer group.

XSOE Performance

Launched Dec 10, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

XSOE$11,045
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. XSOE $11,045. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for XSOE. Periods over one year show the average yearly return.
PeriodXSOE
Year to date+10.6%
1 month−8.9%
3 months−5.4%
1 year+10.5%
3 yearsper year+20.0%
5 yearsper year+4.1%
10 yearsper year+7.9%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for XSOE
YearReturn barXSOE
2026 YTD+10.6%
2025+30.0%
2024+6.7%
2023+10.3%
2022−25.8%
2021−5.9%
2020+28.6%

XSOE in the news

XSOE Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.82%Last 12 months
Payout per share
$0.78Last 12 months
Last payment
$0.22 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 33 payments from 2017 to 2026 YTD. Jun 26, 2017 $0.02; Sep 26, 2017 $0.07; Dec 26, 2017 $0.12; Jun 25, 2018 $0.11; Sep 25, 2018 $0.20; Dec 24, 2018 $0.09; Mar 26, 2019 $0.02; Jun 24, 2019 $0.12; Sep 24, 2019 $0.37; Dec 23, 2019 $0.13; Mar 24, 2020 $0.02; Jun 23, 2020 $0.09; Sep 22, 2020 $0.15; Dec 21, 2020 $0.15; Mar 25, 2021 $0.03; Jun 24, 2021 $0.22; Sep 24, 2021 $0.22; Dec 27, 2021 $0.04; Mar 25, 2022 $0.08; Jun 24, 2022 $0.38; Sep 26, 2022 $0.23; Jun 26, 2023 $0.18; Sep 25, 2023 $0.16; Dec 22, 2023 $0.18; Jun 25, 2024 $0.15; Sep 25, 2024 $0.16; Dec 31, 2024 $0.03; Jun 25, 2025 $0.16; Sep 25, 2025 $0.20; Dec 26, 2025 $0.23; Mar 26, 2026 $0.05; Jun 25, 2026 $0.28; Sep 25, 2026 $0.22. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 29, 2026$0.22
Jun 25, 2026Jun 29, 2026$0.28
Mar 26, 2026Mar 30, 2026$0.05
Dec 26, 2025Dec 30, 2025$0.23
Sep 25, 2025Sep 29, 2025$0.20
Jun 25, 2025Jun 27, 2025$0.16
Dec 31, 2024Jan 3, 2025$0.03
Sep 25, 2024Sep 27, 2024$0.16
Jun 25, 2024Jun 27, 2024$0.15
Dec 22, 2023Dec 28, 2023$0.18
Sep 25, 2023Sep 28, 2023$0.16
Jun 26, 2023Jun 29, 2023$0.18

See all 40 payments⁠

$10,000 in XSOE 10 years ago paid $2,164 in dividends.⁠

XSOE Risk

Risk pillarC48 out of 100Rank 14 of 22 in Emerging Markets Stocks
How much the fund’s monthly returns vary, scaled to a year.
17.0%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.90
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−37.2%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.18
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

XSOE Cost

Compare XSOE and VEXC

Overpaying vs VEXC, cheapest in Emerging Markets Stocks

$5,062

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • XSOE 0.32%

    $6,542

  • VEXC 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • XSOE 0.32%
  • VEXC 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530XSOE $6,542VEXC $1,480

Year by year

YearXSOEVEXCOverpaying
10$580$128$452
20$2,250$503$1,747
30$6,542$1,480$5,062

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