WisdomTree Emerging Markets ex-State-Owned… (XSOE) Performance
XSOE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.8% since Dec 31, 2025
- 1 year
- +14.0% total return
- 5 years
- +4.1% a year
- 10 years
- +8.5% a year
- Since first price
- +6.8% a year since 2014
XSOE trailing returns vs SPY, QQQ, AGG
| Period | XSOE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.6% | −9.0% | −1.0% | −5.0% | +0.9% |
| 3 months | −4.5% | −5.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.5% | −1.5% | +7.8% | +8.4% | −1.5% |
| YTD | +12.8% | +11.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.0% | +12.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +76.7%+20.9%/yr | +68.5% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +22.5%+4.1%/yr | +12.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +125.4%+8.5%/yr | +92.8% | — | — | — |
| Since inceptionDec 10, 2014 | +118.1%+6.8%/yr | +78.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: XSOE vs SPY
From Dec 10, 2014: XSOE grew to $21,814, SPY to $45,650.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
XSOE returns by calendar year
7 of 11 full years positive. Best 2017 (+49.2%), worst 2022 (−25.8%). 2026 is year to date.
XSOE annual returns table
| Year | XSOE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.8% | −14.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.1% | −14.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.0% | −10.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.3% | −13.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −25.8% | −36.0% | −18.2% | −32.6% | −13.0% |
| 2021 | −5.9% | −19.8% | +28.7% | +27.4% | −1.8% |
| 2020 | +28.6% | −32.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.8% | −12.3% | +31.2% | +39.0% | +8.5% |
| 2018 | −18.6% | −29.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +49.2% | −5.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.7% | −9.8% | +12.0% | +7.1% | +2.4% |
| 2015 | −13.5% | −26.0% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
XSOE largest drawdowns
Now 13.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 16, 2021 | −45.2% | Oct 24, 2022 | Jan 22, 2026 | 1.7 years | 4.9 years |
| Jan 26, 2018 | −35.1% | Mar 23, 2020 | Aug 5, 2020 | 2.2 years | 2.5 years |
| Apr 28, 2015 | −31.2% | Jan 20, 2016 | May 9, 2017 | 9 months | 2.0 years |
| Jun 22, 2026 | −14.8% | Jul 29, 2026 | not yet | 37 days | 4 months so far |
| Feb 25, 2026 | −13.3% | Mar 30, 2026 | Apr 17, 2026 | 33 days | 51 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
XSOE risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +22.6% | +6.5% | +9.0% | +7.5% |
| Volatility (annualized) | 16.0% | 18.4% | 18.1% | 18.3% |
| Sharpe ratio | 1.09 | 0.24 | 0.44 | 0.38 |
| Sortino ratio | 1.95 | 0.37 | 0.68 | 0.58 |
| Best month | +13.0% | +15.1% | +15.1% | +15.1% |
| Worst month | −9.1% | −12.0% | −15.7% | −15.7% |
| Best 12 months | +53.3% | +53.3% | +68.6% | +68.6% |
| Worst 12 months | +6.3% | −34.8% | −34.8% | −34.8% |
| Positive months | 69% | 55% | 59% | 57% |
| Beta vs S&P 500 | 0.85 | 0.79 | 0.81 | — |
| Correlation with S&P 500 | 0.66 | 0.67 | 0.69 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
XSOE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 131 | −34.8% | +9.7% | +68.6% | 67% |
| 3-year (a year) | 107 | −11.1% | +8.0% | +24.0% | 76% |
| 5-year (a year) | 83 | −3.0% | +4.1% | +18.9% | 89% |
| 10-year (a year) | 23 | +3.4% | +8.2% | +11.0% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
XSOE performance overview
WisdomTree Emerging Markets ex-State-Owned… (XSOE) returned +14.0% over the past year and +8.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +6.8% a year, turning $10,000 into about $21,814. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.2%, from Feb 16, 2021 to Oct 24, 2022, and it took 3.2 years to get back to the old high. XSOE finished 7 of its 11 full calendar years with a gain; the best year was 2017 (+49.2%) and the worst 2022 (−25.8%). Volatility has been 18.3% a year.
Related: XSOE chart, XSOE holdings, XSOE dividends. See the XSOE overview for the latest quote and fund facts.
XSOE performance FAQ
What is the XSOE return over the past year?
XSOE returned +14.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.0%.
What is the average annual return of XSOE?
XSOE has returned +4.1% a year over 5 years, +8.5% a year over 10 years, +6.8% a year since December 10, 2014 (total return, distributions reinvested).
How much would $10,000 invested in XSOE be worth?
$10,000 invested in XSOE at its first recorded close on December 10, 2014 would be worth about $21,814 on October 23, 2026 with distributions reinvested.
What was the worst year for XSOE?
The worst calendar year was 2022, with a total return of −25.8%. The best was 2017 at +49.2%.
What is the biggest drawdown of XSOE?
The largest peak-to-trough decline was −45.2% between February 16, 2021 and October 24, 2022. It recovered to the old high on January 22, 2026, 3.2 years after the bottom.
How volatile is XSOE?
Over the past 3 years XSOE had an annualized volatility of 16.0% and a Sharpe ratio of 1.09 (excess return over 1–3 month T-bills per unit of risk).