STXE vs XSOE: Grades, Fees and Holdings Compared

Strive Emerging Markets Ex-China ETF

STXEBNYSE

WisdomTree Emerging Markets ex-State-Owned Enterprises Fund

XSOEANYSE Arca

Overlap

32.7%by weight

Expense ratio

STXE0.32%XSOE0.32%

Avg volume · 30D

XSOE 8.9×the volume

STXE10.6KXSOE94.2K

3Y return · a year

STXE +5.9pt

STXE+24.3%XSOE+18.4%

STXE vs XSOE Performance

Nov 7, 2025 – Nov 9, 2026

+31.5%STXE+11.9%XSOE

Expense ratio: STXE 0.32%; XSOE 0.32%
Fund size: STXE $122M; XSOE $1.82B
1Y total return: STXE +31.5%, better; XSOE +11.9%
Yield (12M): STXE 3.14%, better; XSOE 1.83%
Holdings: STXE 189; XSOE 866
Avg volume (30D): STXE 10.6K sh; XSOE 94.2K sh, better
NAV per share: STXE $42.05; XSOE $41.05
52W range

ETF.net Grade

Pillar letters and Scores for STXE, XSOE, with each pillar’s weight
Pillar	STXE	XSOE
Cost30% weight	A71	A71
Mission25% weight	A89	A100Higher
Risk15% weight	D34	C47Higher
Tradability15% weight	F17	C50Higher
Holdings10% weight	D31	C54Higher
Durability5% weight	C48	A81Higher

Rank among Emerging Markets Stocks funds

How we build Categories ›

Same Category. STXE 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 STXE 14th of 20 funds in the Emerging Markets Stocks Category.

Rank 1AVEXCVanguard Emerging Markets Ex-China ETFScore 82
Rank 2AXCEMColumbia EM Core ex-China ETFScore 77
Rank 3ABKEMBNY Mellon Emerging Markets Equity ETFScore 76
Rank 4AXSOEWisdomTree Emerging Markets ex-State-Owned Enterprises FundScore 70
Rank 5BEEMAiShares MSCI Emerging Markets Asia ETFScore 69
Rank 14BILFiShares Latin America 40 ETFScore 56
Rank 14BSTXEStrive Emerging Markets Ex-China ETFScore 56
Rank 16CASEAGlobal X FTSE Southeast Asia ETFScore 47

Our read on each fund

ETF.net Research

STXEBStrive Emerging Markets Ex-China ETF

XSOEAWisdomTree Emerging Markets ex-State-Owned Enterprises Fund

In short

STXE The emerging markets with China taken out at the index level: roughly 300 large and mid caps from the rest of the developing world, tracked passively for 0.32% a year, launched in 2023 as the ex-China idea went mainstream.

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

STXE The Fund seeks to track, before fees and expenses, an index of emerging-market securities excluding China.

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

STXE Charges 0.32% a year, under the median expense ratio for its emerging-markets peer group.
The China exclusion is written into the index rules, not left to a manager's discretion, so exposure doesn't creep back in.
Spreads across about 300 large and mid cap names rather than a handful of megacaps, and pays out quarterly.
Plain passive indexing against a published Bloomberg benchmark, so the holdings and the rulebook are easy to check.

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

STXE Trades thinly next to the category's heavyweights, which puts more weight on the bid-ask spread at the moment of the trade.
The ex-China shelf has cheaper index options: VEXC at 0.07% and XCEM at 0.16% cover similar ground.
A 2023 launch with a modest asset base, so the track record is short next to long-running emerging-markets funds.

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 STXE profile⁠

Full XSOE profile⁠

STXE vs XSOE Holdings

How STXE and XSOE differ

Overlap by weight

32.7%

Shared holdings make up 57.5% of STXE and 32.7% of XSOE.

Level by level

Holdings95 in both32.7%
Countryby domicile79.3%
Sector11 Sectors80.5%
Asset classStocks100%

Sector

Sector weights in STXE and XSOE, widest gap first
Sector	Gap	STXE	XSOE
Technology	STXE +11.0 points	52.5%	41.5%
Consumer Discretionary	XSOE +6.8 points	3.7%	10.5%
Financials	STXE +4.8 points	22.5%	17.7%
Industrials	XSOE +3.5 points	4.5%	8.0%
Health Care	XSOE +3.4 points	1.2%	4.6%
Communication	XSOE +2.7 points	3.2%	5.9%
Consumer Staples	XSOE +2.2 points	1.2%	3.4%
Energy	STXE +2.0 points	3.7%	1.7%
Materials	STXE +1.3 points	5.8%	4.5%
Real Estate	XSOE +0.8 points	0.3%	1.1%
Utilities	STXE +0.3 points	1.5%	1.2%

Country, concentration and asset class

Country by domicile

Country weights in STXE and XSOE, widest gap first
Country	Gap	STXE	XSOE
China	XSOE +17.6 points	0.0%	17.6%
Taiwan	STXE +8.5 points	36.4%	27.9%
South Korea	STXE +8.0 points	30.8%	22.8%
Brazil	STXE +1.6 points	4.6%	3.0%
India	XSOE +1.3 points	14.1%	15.4%
Mexico	STXE +1.3 points	3.4%	2.1%
Greece	STXE +0.7 points	0.7%	0.0%
Hong Kong	XSOE +0.7 points	0.0%	0.7%
Other countries (12)	XSOE +0.5 points	9.9%	10.4%

Outside the US: STXE 0% developed, 100% emerging. XSOE 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

STXE36.6%
XSOE34.9%

Securities held

STXE186
XSOE842

Asset class

STXE: Stocks
XSOE: Stocks

Holdings

Only in STXE91
In both95
Only in XSOE747

Only in STXE

91 securities, 42.7% of STXE by weight

HDFC Bank Ltd2.44%
ICICI Bank Ltd2.35%
Samsung Electronics Co Ltd1.87%
Reliance Industries Ltd1.74%
Bharti Airtel Ltd1.07%
Anglogold Ashanti Plc0.96%
Larsen & Toubro Ltd0.89%
Saudi Arabian Oil Co0.89%
Axis Bank Ltd0.85%
Itau Unibanco Holdings SA0.84%
Saudi National Bank/The0.80%
Petroleo Brasileiro SA - Petrobras0.77%
Kotak Mahindra Bank Ltd0.73%
Vale SA0.72%
Petroleo Brasileiro SA - Petrobras0.72%
Gold Fields Ltd0.71%
Naspers Ltd0.71%
KB Financial Group Inc0.69%
State Bank of India0.69%
OTP Bank Nyrt0.68%
Mahindra & Mahindra Ltd0.65%
Kuwait Finance House KSCP0.64%
Bajaj Finance Ltd0.62%
Eternal Ltd0.61%
America Movil SAB de CV0.55%
Powszechna Kasa Oszczednosci Bank Polski SA0.53%
Delta Electronics Thailand PCL0.52%
Saudi Arabian Mining Co0.48%
Qatar National Bank QPSC0.47%
Emaar Properties PJSC0.46%
Emirates NBD Bank PJSC0.46%
Saudi Telecom Co0.45%
Emirates Telecommunications Group Co PJSC0.44%
Orlen SA0.41%
Banco BTG Pactual SA0.40%
Sun Pharmaceutical Industries Ltd0.39%
Malayan Banking Bhd0.38%
Valterra Platinum Ltd0.38%
Public Bank Bhd0.37%
Titan Co Ltd0.37%
First American Government Obligations Fund 12/01/20310.36%
BSE Ltd0.33%
Chunghwa Telecom Co Ltd0.33%
National Bank of Greece SA0.33%
Tata Steel Ltd0.33%
Kasikornbank PCL0.32%
Hindustan Unilever Ltd0.32%
Bharat Electronics Ltd0.32%
Falabella SA0.31%
Adani Ports & Special Economic Zone Ltd0.31%

Only in XSOE

747 securities, 67.6% of XSOE by weight

Taiwan Semiconductor Manufacturing Co Ltd13.38%
Tencent Holdings Ltd2.62%
Alibaba Group Holding Ltd1.95%
Hdfc Bank Limited0.91%
Reliance Industries Ltd0.83%
ICICI Bank Ltd0.75%
Bharti Airtel Ltd0.72%
MercadoLibre Inc0.69%
Contemporary Amperex Techn-A0.57%
PDD Holdings Inc.0.45%
Ping An Insurance Group Co of China0.43%
Xiaomi Corp-Class B0.41%
Kookmin Bank0.41%
Meituan - Class B0.38%
Axis Bank Ltd0.37%
Mahindra & Mahindra Ltd0.37%
Netease Inc0.36%
Midea Group Co Ltd0.34%
Zhongji Innolight Co Ltd-A0.34%
OTP Bank PLC0.30%
Delta Electronics Thailand PCL - NVDR0.30%
Wuxi Apptec Co Ltd-A0.29%
Bajaj Finance Ltd0.29%
Infosys Ltd ADR0.29%
Kotak Mahindra Bank Ltd0.29%
Larsen & Toubro Ltd0.28%
Titan Co Ltd0.26%
Sun Pharmaceutical Industries0.26%
Beigene Ltd0.25%
Jd.Com Inc - Cl A0.25%
Allegro.Eu Sa0.25%
Ping An Insurance Group Co of China0.24%
BYD Co Ltd0.23%
Press Metal Aluminium Holdings0.23%
Trip.Com Group Ltd0.22%
Qatar Islamic Bank0.22%
Zomato Ltd0.22%
Maruti Suzuki India Ltd0.21%
Alinma Bank0.21%
America Movil Sab De Cv0.20%
Tata Steel Ltd0.19%
Cambricon Technologies-A0.19%
UltraTech Cement Ltd0.19%
Divi's Laboratories Ltd0.18%
Wuxi Biologics Cayman Inc0.18%
Eoptolink Technology Inc L-A0.18%
East Money Information Co-A0.18%
Adani Ports and Special Economic Zone0.18%
Baidu Inc-Class A0.17%
Gulf Development Pcl-Nvdr0.17%

Weight gaps

All 95 Holdings in both funds, largest gap first.

Holding weights in STXE and XSOE, widest gap first
Holding	Gap	STXE	XSOE
Samsung Electronics Co Ltd	STXE +6.79 points	13.13%	6.34%
SK hynix Inc	STXE +2.51 points	7.87%	5.36%
Grupo Mexico SAB de CV	STXE +1.15 points	1.49%	0.34%
Al Rajhi Bank	STXE +0.84 points	2.05%	1.21%
MediaTek Inc	STXE +0.72 points	2.31%	1.59%
Hon Hai Precision Industry Co Ltd	STXE +0.61 points	1.34%	0.73%
Grupo Financiero Banorte SAB de CV	STXE +0.40 points	0.67%	0.27%
Delta Electronics Inc	STXE +0.36 points	0.93%	0.57%
ASE Technology Holding Co Ltd	STXE +0.34 points	0.84%	0.50%
Nan Ya Plastics Corp	STXE +0.30 points	0.62%	0.32%
Samsung Electro-Mechanics Co Ltd	STXE +0.30 points	0.65%	0.35%
Industrias Penoles SAB de CV	STXE +0.29 points	0.37%	0.08%
Credicorp LtdBAP	STXE +0.28 points	0.42%	0.14%
Fomento Economico Mexicano SAB de CV	STXE +0.26 points	0.48%	0.21%
Fubon Financial Holding Co Ltd	STXE +0.25 points	0.62%	0.36%
Elite Material Co Ltd	STXE +0.25 points	0.56%	0.31%
FirstRand Ltd	STXE +0.24 points	0.63%	0.39%
Samsung SDI Co Ltd	STXE +0.24 points	0.40%	0.16%
CTBC Financial Holding Co Ltd	STXE +0.23 points	0.63%	0.40%
Hyundai Motor Co	STXE +0.23 points	0.51%	0.28%
Shinhan Financial Group Co Ltd	STXE +0.22 points	0.54%	0.32%
Celltrion Inc	STXE +0.21 points	0.42%	0.21%
SK Square Co Ltd	STXE +0.21 points	0.81%	0.60%
Southern Copper CorpSCCO	STXE +0.21 points	0.33%	0.12%
Unimicron Technology Corp	STXE +0.19 points	0.48%	0.29%
Hana Financial Group Inc	STXE +0.19 points	0.45%	0.26%
United Microelectronics Corp	STXE +0.18 points	0.51%	0.33%
Wal-Mart de Mexico SAB de CV	STXE +0.18 points	0.27%	0.09%
Cathay Financial Holding Co Ltd	STXE +0.18 points	0.48%	0.30%
NAVER Corp	STXE +0.17 points	0.38%	0.21%
Capitec Limited	STXE +0.17 points	0.57%	0.40%
Kia Corp	STXE +0.16 points	0.33%	0.17%
TS Financial Holding Co Ltd	STXE +0.17 points	0.45%	0.28%
Quanta Computer Inc	STXE +0.16 points	0.40%	0.24%
Cemex SAB de CV	STXE +0.15 points	0.31%	0.16%
Hanwha Aerospace Co Ltd	STXE +0.16 points	0.32%	0.16%
MTN Group Ltd	STXE +0.15 points	0.47%	0.32%
Standard Bank Group Ltd	STXE +0.15 points	0.52%	0.37%
Hyundai Mobis Co Ltd	STXE +0.15 points	0.29%	0.14%
Yageo Corp	STXE +0.14 points	0.32%	0.18%
Weg SA	STXE +0.14 points	0.34%	0.20%
Evergreen Marine Corp Taiwan Ltd	STXE +0.14 points	0.22%	0.08%
B3 SA - Brasil Bolsa Balcao	STXE +0.14 points	0.29%	0.15%
Accton Technology Corp	STXE +0.14 points	0.30%	0.16%
Woori Financial Group Inc	STXE +0.14 points	0.32%	0.18%
Yuanta Financial Holding Co Ltd	STXE +0.13 points	0.42%	0.29%
First Financial Holding Co Ltd	STXE +0.12 points	0.23%	0.11%
SK Telecom Co Ltd	STXE +0.12 points	0.17%	0.05%
Doosan Enerbility Co Ltd	STXE +0.12 points	0.28%	0.16%
POSCO Holdings Inc	STXE +0.12 points	0.26%	0.14%
Grasim Industries Ltd	STXE +0.11 points	0.27%	0.16%
Samsung Life Insurance Co Ltd	STXE +0.12 points	0.28%	0.16%
Asustek Computer Inc	STXE +0.11 points	0.27%	0.16%
Asia Vital Components Co Ltd	STXE +0.11 points	0.32%	0.21%
Taiwan Mobile Co Ltd	STXE +0.11 points	0.17%	0.06%
Samsung C&T Corp	STXE +0.11 points	0.28%	0.17%
E.Sun Financial Holding Co Ltd	STXE +0.10 points	0.33%	0.23%
Samsung Fire & Marine Insurance Co Ltd	STXE +0.10 points	0.26%	0.16%
Wistron Corp	STXE +0.09 points	0.23%	0.14%
SK Inc	STXE +0.10 points	0.23%	0.13%
LG Corp	STXE +0.10 points	0.15%	0.05%
KGI Financial Holding Co Ltd	STXE +0.10 points	0.28%	0.18%
Formosa Plastics Corp	STXE +0.10 points	0.16%	0.06%
LG Energy Solution Ltd	STXE +0.10 points	0.18%	0.08%
Bank Polska Kasa Opieki SA	STXE +0.10 points	0.31%	0.21%
LG Electronics Inc	STXE +0.09 points	0.21%	0.12%
Uni-President Enterprises Corp	STXE +0.09 points	0.19%	0.10%
KT&G Corp	STXE +0.09 points	0.21%	0.12%
PharmaEssentia Corp	STXE +0.08 points	0.22%	0.14%
Ambev SA	STXE +0.08 points	0.22%	0.14%
Lite-On Technology Corp	STXE +0.08 points	0.21%	0.13%
King Slide Works Co Ltd	STXE +0.08 points	0.25%	0.17%
National Bank of Kuwait SAKP	STXE +0.08 points	0.51%	0.43%
LG Chem Ltd	STXE +0.07 points	0.14%	0.07%
Chroma ATE Inc	STXE +0.07 points	0.21%	0.14%
Far EasTone Telecommunications Co Ltd	STXE +0.07 points	0.14%	0.07%
Realtek Semiconductor Corp	STXE +0.07 points	0.18%	0.11%
Samsung Heavy Industries Co Ltd	STXE +0.07 points	0.17%	0.10%
Advanced Info Service PCL	STXE +0.06 points	0.25%	0.19%
Hon Precision Inc	STXE +0.07 points	0.16%	0.09%
Largan Precision Co Ltd	STXE +0.07 points	0.18%	0.11%
HD Korea Shipbuilding & Offshore Engineering Co Ltd	STXE +0.06 points	0.15%	0.09%
Wiwynn Corp	STXE +0.06 points	0.22%	0.16%
Samsung Biologics Co Ltd	STXE +0.06 points	0.21%	0.15%
Trent Ltd	STXE +0.07 points	0.18%	0.11%
Impala Platinum Holdings Ltd	STXE +0.05 points	0.19%	0.14%
Embraer SA	STXE +0.05 points	0.26%	0.21%
HD Hyundai Electric Co Ltd	STXE +0.05 points	0.12%	0.07%
SinoPac Financial Holdings Co Ltd	STXE +0.05 points	0.27%	0.22%
Gold Circuit Electronics Ltd	STXE +0.04 points	0.12%	0.08%
LS Electric Co Ltd	STXE +0.04 points	0.12%	0.08%
Advantech Co Ltd	STXE +0.04 points	0.13%	0.09%
Hyosung Heavy Industries Corp	STXE +0.03 points	0.11%	0.08%
Bank Central Asia Tbk PT	STXE +0.04 points	0.29%	0.25%
Kuwaiti Dinar	STXE +0.03 points	0.03%	<0.01%

All 290 STXE 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.

STXE vs XSOE Cost

Same expense ratio

$6,542

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

STXE 0.32%
$6,542
XSOE 0.32%
$6,542

Amount$10,000

Years30 years

Cost over time

STXE 0.32%
XSOE 0.32%

Year by year

Year	STXE	XSOE
10	$580	$580
20	$2,250	$2,250
30	$6,542	$6,542

Expense ratio

0.32%STXE
0.32%XSOE

STXE0.32%XSOE0.32%

0.07%0.91%

Middle half of Emerging Markets Stocks funds
Median 0.45%

STXE 6th cheapest of 20 funds

XSOE 6th cheapest of 20 funds

STXE vs XSOE Dividends

Last 12 months to Nov 9, 2026

Yield (12M): STXE 3.14%, better; XSOE 1.83%
Payout (12M): STXE $1.39; XSOE $0.78
Last payment: STXE $0.90; XSOE $0.22
Ex-dividend: STXE Sep 28, 2026; XSOE Sep 25, 2026
Paid on: STXE Sep 30, 2026; XSOE Sep 29, 2026
Frequency: STXE Quarterly; XSOE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

STXEQuarterly · 12 paymentsAll STXE payments⁠

XSOEQuarterly · 33 paymentsAll XSOE payments⁠

STXE vs XSOE Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: STXE 21.1%XSOE 17.0%, better
Return per unit of riskSharpe ratio, 3 years: STXE 1.02, betterXSOE 0.90
Worst fallMax drawdown, 5 years: STXE −23.6%since Jan 2023XSOE −37.2%
Market sensitivityBeta, 5 years: STXE 1.30XSOE 1.18; Market = 1

STXE and XSOE in the news

All news⁠

Filings Digest
11 Strive funds will move to NYSE Arca on Dec. 15
Oct 29, 2026STXE

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STXE vs XSOE

In short

Stated mandate

Why people hold it

Worth knowing

How STXE and XSOE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in STXE

Only in XSOE

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

11 Strive funds will move to NYSE Arca on Dec. 15

How STXE and XSOE differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in STXE

Only in XSOE

Weight gaps