XC
WisdomTree Emerging Markets Ex-China Fund
XC tracks a market cap-weighted index of emerging market companies that meet certain environmental, social, and governance criteria. The fund excludes Chinese companies and state-owned enterprises.
Emerging Market
EQUITY
Rules-Based
MANAGEMENT STYLE
54.0 M
ASSETS UNDER MGMT
32 bp
EXPENSES
Fund Basics
| Fund sponsor | WisdomTree Investments, Inc. |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 22, 2022 |
| Assets (mns) | $54 |
| Expense ratio | 32 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 12.7 % |
| SAMSUNG ELECTRONICS CO LTD | 5.4 % |
| RELIANCE INDS-SPONS GDR 144A | 3.8 % |
| HDFC BANK LIMITED | 2.1 % |
| AL RAJHI BANK | 2.1 % |
| INFOSYS TECHNOLOGIES LTD | 1.7 % |
| MERCADOLIBRE INC | 1.5 % |
| ICICI BANK LTD | 1.4 % |
| HON HAI PRECISION INDUSTRY | 1.4 % |
| HYNIX SEMICONDUCTOR INC | 1.3 % |
Constituent Breakdown
| Number of holdings | 660 |
| Herfindahl-Hirschman Index | 240 |
| Wgt avg mkt cap (mns) | $156,765 |
| Large cap (>$10bn) | 72.4% |
| Mid cap ($2-10bn) | 25.6% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
INDIA | 29.9 % |
 |
TAIWAN | 26.4 % |
 |
SOUTH KOREA | 14.6 % |
 |
SAUDI ARABIA | 5.2 % |
 |
BRAZIL | 3.8 % |
 |
SOUTH AFRICA | 3.2 % |
 |
INDONESIA | 2.5 % |
 |
MEXICO | 2.3 % |
 |
ARGENTINA | 1.6 % |
 |
MALAYSIA | 1.4 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.2% | 27.9% | -- | -- | -- | -- | 12.8% | Volatility | 15.5% | 15.4% | 15.0% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 79% |
| MSCI EAFE | 0.75 | 52% |
| MSCI Emg Mkts | 0.90 | 77% |
Liquidity Measures
| Avg. volume (000) | 6 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.37% |
| ADV of underlying (mns) | $15,171 |
Technical Indicators
| Recent close | $31.74 |
| 30d moving avg. | $32.86 |
| Annualized volatility | 14.9% |
| Relative strength (RSI) | 45 |
| Short interest (ETF) | 1.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XC |
Expenses vs. XC |
ALTAR Score™ vs. XC |
|---|---|---|---|---|
| XSOE | WisdomTree Emerging Markets ex-State-Owned Enterprises Fund | 67.8% | 0 bp | +0.3% |
| EMXC | iShares MSCI Emerging Markets ex China ETF | 64.3% | -7 bp | +0.7% |
| STXE | Strive Emerging Markets Ex-China ETF | 59.9% | 0 bp | +1.0% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 56.7% | -17 bp | +4.4% |
| XCNY | SPDR S&P Emerging Markets ex-China ETF | 54.7% | -17 bp | +0.3% |
| KEMX | KraneShares MSCI Emerging Markets EX China Index ETF | 54.3% | -8 bp | +3.2% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 53.0% | +17 bp | +2.3% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 52.8% | -17 bp | +1.4% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 52.0% | +4 bp | +1.9% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 51.4% | -21 bp | +2.5% |
Risk and Returns: XC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/22/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
XC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
XC
5.9%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. XC's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XC in the 33rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XCSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Emerging Market Equity ETFs |
| # of ETFs | 103 |
| Avg. Expense Ratio | 64.6 bp |
| Std. Deviation | 29 bp |
| XC (32 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XC | 32.0 | 36.8 | 68.8 |
| Peer Avg. | 47.4 | 39.4 | 86.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .