XSOE
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund
WisdomTree Emerging Markets ex-State-Owned Enterprises Fund is an exchange-traded fund incorporated in the USA. The Fund invests in emerging markets stocks where government ownership does not exceed 20% of outstanding shares.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
1.9 B
ASSETS UNDER MGMT
32 bp
EXPENSES
Fund Basics
| Fund sponsor | WisdomTree Asset Management In |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 10, 2014 |
| Assets (mns) | $1,895 |
| Expense ratio | 32 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 9.1 % |
| TENCENT HOLDINGS LTD | 4.5 % |
| SAMSUNG ELECTRONICS CO LTD | 4.3 % |
| ALIBABA GROUP HOLDING LTD. | 2.3 % |
| HDFC BANK LIMITED | 1.7 % |
| AL RAJHI BANK | 1.6 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.6 % |
| RELIANCE INDS-SPONS GDR 144A | 1.4 % |
| MERCADOLIBRE INC | 1.2 % |
| INFOSYS TECHNOLOGIES-SP ADR | 1.1 % |
Constituent Breakdown
| Number of holdings | 673 |
| Herfindahl-Hirschman Index | 157 |
| Wgt avg mkt cap (mns) | $150,424 |
| Large cap (>$10bn) | 76.1% |
| Mid cap ($2-10bn) | 23.0% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 4.7% |
| Emerging mkts. | 95.4% |
Country Exposure
 |
INDIA | 22.1 % |
 |
CHINA | 21.9 % |
 |
TAIWAN | 19.1 % |
 |
SOUTH KOREA | 11.5 % |
 |
SAUDI ARABIA | 4.1 % |
 |
BRAZIL | 2.9 % |
 |
SOUTH AFRICA | 2.5 % |
 |
INDONESIA | 2.0 % |
 |
MEXICO | 1.9 % |
 |
ARGENTINA | 1.2 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.0% | 22.8% | 15.7% | -4.5% | 3.4% | -- | 4.4% | Volatility | 15.8% | 15.7% | 16.8% | 19.5% | 22.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.78 | 50% |
| MSCI EAFE | 0.85 | 62% |
| MSCI Emg Mkts | 1.08 | 98% |
Liquidity Measures
| Avg. volume (000) | 389 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $41,727 |
Technical Indicators
| Recent close | $31.06 |
| 30d moving avg. | $32.90 |
| Annualized volatility | 19.1% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XSOE |
Expenses vs. XSOE |
ALTAR Score™ vs. XSOE |
|---|---|---|---|---|
| XC | WisdomTree Emerging Markets Ex-China Fund | 67.8% | 0 bp | -0.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 59.9% | +34 bp | +3.8% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 59.1% | -17 bp | +1.1% |
| EEM | iShares MSCI Emerging Markets ETF | 58.7% | +37 bp | +0.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 58.6% | +17 bp | +0.3% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 58.5% | -13 bp | +0.7% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 58.1% | -2 bp | +1.1% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 57.6% | +4 bp | +1.6% |
| BKEM | BNY Mellon Emerging Markets Equity ETF | 57.5% | -21 bp | +2.2% |
| EMCR | Xtrackers Emerging Markets Carbon Reduction and Climate Impr | 56.7% | -17 bp | +4.1% |
Risk and Returns: XSOE 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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 11/14/2024
Peer Group Comparison Sample data. Subscribe for access.
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
XSOE
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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™
XSOE
6.2%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. XSOE's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XSOE in the 36th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
XSOESELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| XSOE (32 bp) Percentile rank | 21 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| XSOE | 32.0 | 4.0 | 36 |
| Peer Avg. | 53.4 | 25.5 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .