WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
$47.93−0.85 (−1.74%)
- Expense ratio
- 0.32%
- Fund size
- $2.1B
- 1Y return
- +30.4%
- Yield · Last 12 months
- 1.55%
- Holdings
- 770
- Volume · 30D
- 0.1M sh
- NAV per share
- $47.56
- 52W range
The ETF.net XSOE Grade
Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 76Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 50Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 52Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 66Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 82Category rank
Our read on XSOE
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.
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 Holdings
- Stocks
- 770
- 36%
- 2330.TW
Sectors
- Technology41.4%
- Financials15.6%
- Consumer Discr.11.6%
- Industrials8.1%
- Communication6.2%
- Materials5.1%
- Health Care4.5%
- Cons. Staples3.6%
- Energy1.8%
- Utilities1.3%
- Real Estate0.9%
Geography
- Taiwan28.06%
- South Korea20.49%
- China17.07%
- India14.43%
- South Africa3.51%
- Brazil2.79%
- Saudi Arabia2.63%
- Mexico2.08%
- 8.93%
Developed 2% · Emerging 98%
XSOE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | XSOE |
|---|---|
| Year to date | +25.9% |
| 1 month | +2.7% |
| 3 months | −3.9% |
| 1 year | +30.4% |
| 3 years | +23.4% |
| 5 years | +6.8% |
| 10 years | +9.5% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | XSOE |
|---|---|---|
| 2026 YTD | +25.9% | |
| 2025 | +30.0% | |
| 2024 | +6.7% | |
| 2023 | +10.3% | |
| 2022 | −25.8% | |
| 2021 | −5.9% | |
| 2020 | +28.6% |
XSOE in the news
ETF.net Research hasn’t filed on XSOE yet — coverage lands here as it’s written.
XSOE Dividends
- 1.55%
- $0.76
- $0.28 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 29, 2026 | $0.28 |
| Mar 26, 2026 | Mar 30, 2026 | $0.05 |
| Dec 26, 2025 | Dec 30, 2025 | $0.23 |
| Sep 25, 2025 | Sep 29, 2025 | $0.20 |
| Jun 25, 2025 | Jun 27, 2025 | $0.16 |
| Dec 31, 2024 | Jan 3, 2025 | $0.03 |
| Sep 25, 2024 | Sep 27, 2024 | $0.16 |
| Jun 25, 2024 | Jun 27, 2024 | $0.15 |
| Dec 22, 2023 | Dec 28, 2023 | $0.18 |
| Sep 25, 2023 | Sep 28, 2023 | $0.16 |
| Jun 26, 2023 | Jun 29, 2023 | $0.18 |
| Sep 26, 2022 | Sep 29, 2022 | $0.23 |
XSOE Risk
- 16.3%
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.
- 1.00
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.
- −37.5%
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.
- 1.18
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
XSOE Cost
- The middle half of Emerging Markets Stocks funds
- Median 0.56%
4 of the 21 Emerging Markets Stocks funds charge less.