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BKF vs XSOE

iShares MSCI BIC ETF

BKFDNYSE Arca

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

XSOEANYSE Arca

Overlap

Expense ratio

XSOE −0.40pt a year

BKF0.72%XSOE0.32%

Avg volume · 30D

XSOE 19.0×the volume

BKF4.95KXSOE94.2K

10Y return · a year

XSOE +4.4pt

BKF+3.6%XSOE+8.0%

BKF vs XSOE Performance

Nov 9, 2021 – Nov 9, 2026

−9.3%BKF+20.2%XSOE

Nov 9, 2021 to Nov 9, 2026. BKF −9.3%. XSOE +20.2%. Use the arrow keys to read each point.−20%0%40%Nov 2021May 2024Nov 2026
Expense ratio
BKF 0.72%
XSOE 0.32%, better
Fund size
BKF $67M
XSOE $1.82B
1Y total return
BKF −11.3%
XSOE +11.9%, better
Yield (12M)
BKF 1.61%
XSOE 1.83%, better
Holdings
BKF 699
XSOE 866
Avg volume (30D)
BKF 4.95K sh
XSOE 94.2K sh, better
NAV per share
BKF $39.42
XSOE $41.05
52W range

ETF.net Grade

BKF: Cost 21, Risk 50, Mission not scored, Tradability 35, Holdings 78, Durability 55. XSOE: Cost 71, Risk 47, Mission 100, Tradability 50, Holdings 54, Durability 81.
Pillar letters and Scores for BKF, XSOE, with each pillar’s weight
PillarBKFXSOE
Cost30% weightF21A71Higher
Mission25% weightNot scoredA100
Risk15% weightC50HigherC47
Tradability15% weightD35C50Higher
Holdings10% weightA78HigherC54
Durability5% weightB55A81Higher

Rank among Emerging Markets Stocks funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BKF and XSOE are both graded against the same 20 Emerging Markets Stocks funds, so their Grades compare head to head.

Emerging Markets Stocks⁠

Category · 20 funds
See all 20 ›

XSOE ranks 4th and BKF 18th of 20 funds in the Emerging Markets Stocks Category.

  1. Rank 1AVEXCVanguard Emerging Markets Ex-China ETFScore 82
  2. Rank 2AXCEMColumbia EM Core ex-China ETFScore 77
  3. Rank 3ABKEMBNY Mellon Emerging Markets Equity ETFScore 76
  4. Rank 4AXSOEWisdomTree Emerging Markets ex-State-Owned Enterprises FundScore 70
  5. Rank 5BEEMAiShares MSCI Emerging Markets Asia ETFScore 69
  6. Rank 17CAFKVanEck Africa Index ETFScore 40
  7. Rank 18DBKFiShares MSCI BIC ETFScore 39
  8. Rank 19DEMDMFirst Trust Bloomberg Emerging Market Democracies ETFScore 34
  9. AMEMNot yet graded

Our read on each fund

ETF.net Research

BKFDiShares MSCI BIC ETF

XSOEAWisdomTree Emerging Markets ex-State-Owned Enterprises Fund

In short

BKF A survivor of the BRIC trade. Launched in 2007, BKF now packs just Brazil, India and China into one ticker: a concentrated take on three big emerging economies instead of the whole developing world.

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

BKF The fund seeks to track an index composed of Brazilian, Indian, and Chinese equities and offers targeted exposure to those three major economies.

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

  • BKF Three economies, one ticker. The MSCI BIC index keeps it to Brazil, India and China, with no Taiwan, Korea or Mexico in the mix.ishares.com
  • Roughly 700 stocks across those three markets, so it reads as a broad slice of each country rather than a short list of mega-caps.
  • Trading since 2007 under the iShares roof, it has tracked its index through several full emerging-market cycles.
  • 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

  • BKF The 0.72% expense ratio sits above the typical emerging-markets fund, and broad EM rivals like BKEM (0.11%) and VEXC (0.07%) charge a fraction of that.
  • It is a small fund that trades thinly, so spreads can run wider than at the giant EM index funds.
  • Three countries means concentration. A rough patch in China or Brazil has no 20-country EM lineup around it to soften the blow.
  • 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 BKF profile⁠

Full XSOE profile⁠

BKF vs 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.

BKF vs XSOE Cost

Overpaying BKF vs XSOE

$7,415

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

  • BKF 0.72%

    $13,957

  • XSOE 0.32%

    $6,542

$10,000
30 years

Cost over time

  • BKF 0.72%
  • XSOE 0.32%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530BKF $13,957XSOE $6,542

Year by year

YearBKFXSOEOverpaying
10$1,284$580$704
20$4,888$2,250$2,638
30$13,957$6,542$7,415

Expense ratio

  • 0.72%BKF
  • 0.32%XSOE, cheaper
  • Middle half of Emerging Markets Stocks funds
  • Median 0.45%

XSOE 6th cheapest of 20 funds

BKF 16th cheapest of 20 funds

BKF vs XSOE Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
BKF 1.61%
XSOE 1.83%, better
Payout (12M)
BKF $0.63
XSOE $0.78
Last payment
BKF $0.15
XSOE $0.22
Ex-dividend
BKF Jun 15, 2026
XSOE Sep 25, 2026
Paid on
BKF Jun 18, 2026
XSOE Sep 29, 2026
Frequency
BKF Twice a year
XSOE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

BKFTwice a year · 20 paymentsAll BKF payments⁠
One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 20, 2017 $0.16; Dec 19, 2017 $0.52; Jun 19, 2018 $0.23; Dec 18, 2018 $0.64; Jun 17, 2019 $0.24; Dec 16, 2019 $0.51; Jun 15, 2020 $0.15; Dec 14, 2020 $0.38; Jun 10, 2021 $0.17; Dec 13, 2021 $1.11; Dec 30, 2021 $0.04; Jun 9, 2022 $0.31; Dec 13, 2022 $0.39; Jun 7, 2023 $0.43; Dec 20, 2023 $0.32; Jun 11, 2024 $0.16; Dec 17, 2024 $0.70; Jun 16, 2025 $0.30; Dec 16, 2025 $0.48; Jun 15, 2026 $0.15. Use the arrow keys to read each point.$0$12017202020232026YTD
XSOEQuarterly · 33 paymentsAll XSOE payments⁠
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.$0$12017202020232026YTD

BKF vs XSOE Risk

Fall from peak · 5 years

  • BKF
  • XSOE
Nov 9, 2021 to Nov 9, 2026. Worst fall: XSOE −37.2% · Oct 2022. Use the arrow keys to read each point.−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
BKF 13.3%, betterXSOE 17.0%
Return per unit of riskSharpe ratio, 3 years
BKF 0.21XSOE 0.90, better
Worst fallMax drawdown, 5 years
BKF −39.1%XSOE −37.2%, better
Market sensitivityBeta, 5 years
BKF 0.60XSOE 1.18

Popular comparisons

  • BKFDvsVEXCA

    iShares MSCI BIC ETF · Vanguard Emerging Markets Ex-China ETF

    Expense ratio
    0.72% · 0.07%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XSOEAvsVEXCA

    WisdomTree Emerging Markets ex-State-Owned Enterprises Fund · Vanguard Emerging Markets Ex-China ETF

    Expense ratio
    0.32% · 0.07%
    Category
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  • BKFDvsXCEMA

    iShares MSCI BIC ETF · Columbia EM Core ex-China ETF

    Expense ratio
    0.72% · 0.16%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XSOEAvsXCEMA

    WisdomTree Emerging Markets ex-State-Owned Enterprises Fund · Columbia EM Core ex-China ETF

    Expense ratio
    0.32% · 0.16%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • BKFDvsBKEMA

    iShares MSCI BIC ETF · BNY Mellon Emerging Markets Equity ETF

    Expense ratio
    0.72% · 0.11%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • XSOEAvsBKEMA

    WisdomTree Emerging Markets ex-State-Owned Enterprises Fund · BNY Mellon Emerging Markets Equity ETF

    Expense ratio
    0.32% · 0.11%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.