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
1.7 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) | $1,741 |
| 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) | $144,131 |
| Large cap (>$10bn) | 75.5% |
| Mid cap ($2-10bn) | 23.4% |
| Small cap (<$2bn) | 0.9% |
| Developed mkts. | 4.4% |
| Emerging mkts. | 95.6% |
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 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 6.5% | 11.3% | 6.5% | -4.0% | 2.6% | -- | 4.1% | Volatility | 15.8% | 15.7% | 16.8% | 19.5% | 22.6% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.74 | 47% |
| MSCI EAFE | 0.86 | 62% |
| MSCI Emg Mkts | 1.08 | 98% |
Liquidity Measures
| Avg. volume (000) | 144 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $39,993 |
Technical Indicators
| Recent close | $31.04 |
| 30d moving avg. | $31.51 |
| Annualized volatility | 19.0% |
| 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)
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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% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 61.4% | -2 bp | +1.2% |
| DBEM | Xtrackers MSCI Emerging Markets Hedged Equity ETF | 59.9% | +34 bp | +4.0% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 59.1% | -17 bp | +1.0% |
| EEM | iShares MSCI Emerging Markets ETF | 59.1% | +37 bp | +0.7% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 59.0% | +17 bp | +0.4% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 58.5% | -13 bp | +0.8% |
| 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 | +4.8% |
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.
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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 12/20/2024
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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
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.
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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™
XSOE
6.2%
Cat. Avg
7.9%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.9% and a standard deviation of
4.2%. XSOE's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places XSOE in the 34th 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 .