AMEM vs XSOE: Grades, Fees and Holdings Compared

Amana Developing World ETF

AMEM—Nasdaq

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

XSOEANYSE Arca

Overlap

9.1%by weight

Expense ratio

XSOE −0.59pt a year

AMEM0.91%XSOE0.32%

Avg volume · 30D

XSOE 23.2×the volume

AMEM4.18KXSOE97K

AMEM vs XSOE Performance

Jul 31, 2026 – Oct 30, 2026

−5.4%AMEM−5.4%XSOE

Expense ratio: AMEM 0.91%; XSOE 0.32%, better
Fund size: AMEM $6M; XSOE $1.91B
1Y total return: AMEM No data; XSOE +10.5%
Yield (12M): AMEM No data; XSOE 1.82%
Holdings: AMEM 32; XSOE 866
Avg volume (30D): AMEM 4.18K sh; XSOE 97K sh, better
NAV per share: AMEM $22.54; XSOE $43.15
52W range

ETF.net Grade

—AMEMMandate not yet analyzed

Pillar letters and Scores for AMEM, XSOE, with each pillar’s weight
Pillar	AMEM	XSOE
Cost30% weight	Not scored	A71
Mission25% weight	Not scored	A100
Risk15% weight	Not scored	C48
Tradability15% weight	Not scored	C53
Holdings10% weight	Not scored	B59
Durability5% weight	Not scored	A81

Rank among Emerging Markets Stocks funds

How we build Categories ›

Emerging Markets Stocks⁠

Category · 20 funds

See all 20 ›

XSOE ranks 4th of 20 funds in the Emerging Markets Stocks Category.

Rank 1AVEXCVanguard Emerging Markets Ex-China ETFScore 82
Rank 2AXCEMColumbia EM Core ex-China ETFScore 78
Rank 3ABKEMBNY Mellon Emerging Markets Equity ETFScore 76
Rank 4AXSOEWisdomTree Emerging Markets ex-State-Owned Enterprises FundScore 71
Rank 5BEEMAiShares MSCI Emerging Markets Asia ETFScore 68
AMEMNot yet graded

Our read on each fund

ETF.net Research

AMEM—Amana Developing World ETF

XSOEAWisdomTree Emerging Markets ex-State-Owned Enterprises Fund

In short

AMEM No data

XSOE One 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

AMEM No data

XSOE 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

AMEM No data

XSOE 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

AMEM No data

XSOE 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.

Full AMEM profile⁠

Full XSOE profile⁠

AMEM vs XSOE Holdings

How AMEM and XSOE differ

Overlap by weight

9.1%

Shared holdings make up 35.1% of AMEM and 9.1% of XSOE.

Level by level

Holdings9 in both9.1%
Countryby domicile46.8%
Asset classEquity100%

Sector

No Sector split for AMEM.

Country, concentration and asset class

Country by domicile

Country weights in AMEM and XSOE, widest gap first
Country	More in AMEMMore in XSOE	AMEM	XSOE
China	XSOE +16.6 points	0.0%	16.6%
India	XSOE +12.4 points	1.8%	14.2%
United Kingdom	AMEM +12.2 points	12.2%	0.0%
South Korea	XSOE +12.1 points	11.5%	23.6%
United States	AMEM +12.0 points	12.8%	0.8%
Taiwan	XSOE +9.5 points	20.2%	29.7%
Malaysia	AMEM +6.0 points	7.1%	1.1%
Netherlands	AMEM +4.8 points	4.8%	0.0%
Other countries (14)	AMEM +15.5 points	29.5%	14.0%

Outside the US: AMEM 25% developed, 75% emerging. XSOE 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

AMEM49.2%
XSOE37.1%

Securities held

AMEM31
XSOE842

Asset class

AMEM: Equity
XSOE: Equity

Holdings

Only in AMEM22
In both9
Only in XSOE833

Only in AMEM

22 securities, 60.6% of AMEM by weight

Taiwan Semiconductor Ads5.22%
Barrick Mining Corporation4.20%
Asml Holding Ny4.11%
Jabil Inc4.11%
Antofagasta PLC4.02%
Ihh Healthcare Bhd3.53%
Unilever Ads3.50%
Rio Tinto Ads3.41%
Qualcomm3.29%
Saudi Telecom Co3.24%
Monolithic Power Systems3.22%
Quimica Y Minera Chile Ads3.18%
Kimberly Clark De Mexico3.14%
Bangkok Dusit Med Servi-2.43%
Clicks Holdings Ltd2.21%
Manila Electric Company2.09%
Kpj Healthcare Berhad2.03%
Sercomm1.79%
Telekomunikasi Indonesia Ads0.78%
Syarikat Takaful Malaysi0.61%
Bank Islam Malaysia Bhd0.43%
Samsung Bi Rts 11/10/26 /Krw/0.01%

Only in XSOE

833 securities, 91.8% of XSOE by weight

Taiwan Semiconductor Manufacturing Co Ltd14.18%
SK Hynix Inc6.50%
Tencent Holdings Ltd2.27%
MediaTek Inc1.75%
Alibaba Group Holding Ltd1.72%
Al Rajhi Bank1.11%
Hon Hai Precision Industry Co0.76%
Hdfc Bank Limited0.76%
SK Square Co Ltd0.72%
MercadoLibre Inc0.71%
Reliance Industries Ltd0.70%
Bharti Airtel Ltd0.63%
ICICI Bank Ltd0.62%
Kuwaiti Dinar0.60%
ASE Technology Holding Co Ltd0.60%
Contemporary Amperex Techn-A0.50%
Samsung Electro-Mechanics Co L0.47%
Kookmin Bank0.41%
PDD Holdings Inc.0.40%
Zhongji Innolight Co Ltd-A0.40%
National Bank of Kuwait0.40%
CTBC Financial Holding Co Ltd0.40%
Ping An Insurance Group Co of China0.39%
Fubon Financial Holding Co Ltd0.38%
United Microelectronics Corp0.38%
Nan Ya Plastics Corp0.38%
Unimicron Technology Corp0.37%
Elite Material Co Ltd0.36%
Capitec Bank Holdings Ltd0.35%
Xiaomi Corp-Class B0.34%
FirstRand Ltd0.34%
Standard Bank Group Ltd0.33%
Grupo Mexico SAB de CV0.33%
Midea Group Co Ltd0.32%
Delta Electronics Thailand PCL - NVDR0.32%
Meituan - Class B0.32%
Axis Bank Ltd0.32%
Shinhan Financial Group Ltd0.32%
Cathay Financial Holding Co Ltd0.31%
Yuanta Financial Holding Co Ltd0.30%
Netease Inc0.30%
Mahindra & Mahindra Ltd0.30%
Taishin Financial Holding Co Ltd0.29%
OTP Bank PLC0.29%
MTN Group Ltd0.28%
Asia Vital Components Co Ltd0.27%
Wuxi Apptec Co Ltd-A0.27%
Hyundai Motor Co0.27%
Kotak Mahindra Bank Ltd0.26%
Hana Financial Group Inc0.26%

Weight gaps

All 9 Holdings in both funds, largest gap first.

Holding weights in AMEM and XSOE, widest gap first
Holding	More in AMEMMore in XSOE	AMEM	XSOE
Advantech	AMEM +7.02 points	7.12%	0.10%
Bim Birlesik Magazalar A	AMEM +4.20 points	4.28%	0.08%
Weg SA	AMEM +3.74 points	3.93%	0.19%
Alinma Bank	AMEM +3.61 points	3.81%	0.20%
Delta Electronics	AMEM +2.80 points	3.49%	0.69%
Samsung Biologics Co., Ltd.	AMEM +2.43 points	2.57%	0.14%
Infosys AdsINFY	AMEM +1.37 points	1.65%	0.28%
Samsung Electronics Co L	AMEM +0.52 points	7.83%	7.31%
Southern CopperSCCO	AMEM +0.28 points	0.40%	0.12%

All 32 AMEM holdings⁠All 770 XSOE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AMEM vs XSOE Cost

Overpaying AMEM vs XSOE

$10,665

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

AMEM 0.91%
$17,207
XSOE 0.32%
$6,542

Amount$10,000

Years30 years

Cost over time

AMEM 0.91%
XSOE 0.32%
Overpaying

Year by year

Year	AMEM	XSOE	Overpaying
10	$1,610	$580	$1,030
20	$6,076	$2,250	$3,826
30	$17,207	$6,542	$10,665

Expense ratio

0.91%AMEM
0.32%XSOE, cheaper

XSOE0.32%AMEM0.91%

0.07%0.91%

Middle half of Emerging Markets Stocks funds
Median 0.45%

XSOE 6th cheapest of 20 funds

AMEM 20th cheapest of 20 funds

AMEM vs XSOE Dividends

Last 12 months to Oct 30, 2026

Yield (12M): AMEM No data; XSOE 1.82%
Payout (12M): AMEM None; XSOE $0.78
Last payment: AMEM No data; XSOE $0.22
Ex-dividend: AMEM No data; XSOE Sep 25, 2026
Paid on: AMEM No data; XSOE Sep 29, 2026
Frequency: AMEM No data; XSOE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

AMEMAll AMEM payments⁠

No distribution history available.

XSOEQuarterly · 33 paymentsAll XSOE payments⁠

AMEM vs XSOE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: AMEM No dataXSOE 17.0%
Return per unit of riskSharpe ratio, 3 years: AMEM No dataXSOE 0.90
Worst fallMax drawdown, 5 years: AMEM No dataXSOE −37.2%
Market sensitivityBeta, 5 years: AMEM 3.00XSOE 1.18; Market = 1

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