XSOE vs. GEM ETF Comparison

Comparison of WisdomTree Emerging Markets Ex-State Owned Enterprises Fund (XSOE) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

XSOE

WisdomTree Emerging Markets Ex-State Owned Enterprises Fund

XSOE Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-State-Owned Enterprises Index (the "index"). Under normal circumstances, at least 80% of the fund&#39;s total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a modified market cap weighted index that consists of common stocks in emerging markets, excluding common stocks of "state-owned enterprises." The fund is non-diversified.

Grade (RS Rating)

Last Trade

$31.20

Average Daily Volume

392,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$33.19

Average Daily Volume

67,722

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSOE	GEM
30 Days	-4.55%	-4.28%
60 Days	-0.56%	-0.55%
90 Days	-0.28%	-1.04%
12 Months	14.67%	12.25%

25 Overlapping Holdings

Symbol	Grade	Weight in XSOE	Weight in GEM	Overlap
ABEV	F	0.21%	0.07%	0.07%
BABA	D	1.97%	1.93%	1.93%
BCH	C	0.1%	0.09%	0.09%
BEKE	D	0.15%	0.05%	0.05%
BGNE	D	0.13%	0.11%	0.11%
BIDU	F	0.26%	0.15%	0.15%
BRFS	C	0.06%	0.04%	0.04%
BZ	F	0.05%	0.03%	0.03%
CSAN	F	0.06%	0.04%	0.04%
ERJ	A	0.16%	0.05%	0.05%
HDB	C	1.88%	0.46%	0.46%
IBN	C	1.14%	0.8%	0.8%
KB	B	0.32%	0.27%	0.27%
KT	A	0.07%	0.09%	0.07%
LI	F	0.15%	0.06%	0.06%
LPL	D	0.05%	0.04%	0.04%
PDD	F	0.83%	0.75%	0.75%
SHG	C	0.28%	0.2%	0.2%
SKM	C	0.06%	0.22%	0.06%
TCOM	B	0.36%	0.18%	0.18%
TME	D	0.03%	0.1%	0.03%
UMC	F	0.23%	0.18%	0.18%
VIPS	F	0.06%	0.2%	0.06%
WIT	B	0.17%	0.21%	0.17%
YUMC	C	0.21%	0.24%	0.21%

XSOE Overweight 9 Positions Relative to GEM

Symbol	Grade	Weight
MELI	C	1.23%
INFY	C	1.01%
XPEV	C	0.11%
GGAL	B	0.1%
NIO	F	0.1%
BILI	D	0.06%
SBSW	D	0.05%
LEGN	D	0.04%
GDS	C	0.03%

XSOE Underweight 15 Positions Relative to GEM

Symbol	Grade	Weight
VALE	F	-0.41%
QFIN	A	-0.2%
NU	C	-0.14%
SCCO	F	-0.09%
GGB	C	-0.09%
BAP	A	-0.08%
ATHM	C	-0.07%
TAL	F	-0.06%
CHT	C	-0.06%
XP	F	-0.05%
KEP	B	-0.04%
ASAI	F	-0.04%
IQ	F	-0.03%
BVN	D	-0.03%
PAGS	F	-0.03%