WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
$46.05−0.23 (−0.50%)
- 0.32%
- $2.1B
- +27.3%
- 1.68%
- 0.1M sh
- $47.15
- low $37.02high $51.38
The ETF.net XSOE Grade
A
Score 74 out of 100
- 4 of 22
Score 74 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.A76 out of 100Rank 5 of 22Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 17Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 8 of 22Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C53 out of 100Rank 12 of 22Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B66 out of 100Rank 6 of 19Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A82 out of 100Rank 3 of 22
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
- 856
- 37%
- 2330.TW
Sectors
- Technology45.7%
- Financials13.7%
- Consumer Discretionary10.4%
- Industrials8.4%
- Communication5.3%
- Materials5.0%
- Health Care4.4%
- Consumer Staples3.5%
- Energy1.6%
- Utilities1.1%
- Real Estate0.9%
Geography
- Taiwan30.00%
- South Korea20.43%
- China16.69%
- India13.67%
- Brazil3.27%
- South Africa3.18%
- Saudi Arabia2.49%
- Mexico2.00%
- 8.27%
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.
XSOE$12,728
Returns run to the Oct 12, 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 | +20.0% |
| 1 month | −2.9% |
| 3 months | −2.7% |
| 1 year | +27.3% |
| 3 years | +21.9% |
| 5 years | +6.1% |
| 10 years | +8.7% |
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 | +20.0% | |
| 2025 | +30.0% | |
| 2024 | +6.7% | |
| 2023 | +10.3% | |
| 2022 | −25.8% | |
| 2021 | −5.9% | |
| 2020 | +28.6% |
XSOE in the news
XSOE Dividends
- 1.68%
- $0.78
- $0.22 per share
- Quarterly
Distribution history
XSOE Risk
- 16.0%
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.
- 1.07
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
0.32%
XSOE0.32%
- The middle half of Emerging Markets Stocks funds
- Median 0.53%
4 of the 22 Emerging Markets Stocks funds charge less.
Other funds in Emerging Markets Stocks
- AXCEMColumbia EM Core ex-China ETFExpense ratio 0.16%1 year return +45.9%
- ABKEMBNY Mellon Emerging Markets Equity ETFExpense ratio 0.11%1 year return +29.5%
- AEEMAiShares MSCI Emerging Markets Asia ETFExpense ratio 0.49%1 year return +30.0%
- BGMFState Street SPDR S&P Emerging Asia Pacific ETFExpense ratio 0.49%1 year return +16.5%
- BXCWisdomTree True Emerging Markets FundExpense ratio 0.32%1 year return +2.1%