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Performance
Performance Chart
The chart shows the growth of an initial investment of €10,000 in AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
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Different Benchmark Currency
AXQE.DE is traded in EUR, while the ^GSPC benchmark is in USD. To make them comparable, the benchmark values have been converted to EUR using the latest available exchange rates.
Returns By Period
AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has returned 9.19% so far this year and 42.81% over the past 12 months.
AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating
- 1D
- 5.15%
- 1M
- -6.29%
- YTD
- 9.19%
- 6M
- 15.46%
- 1Y
- 42.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.61%
- 1M
- -3.45%
- YTD
- -2.47%
- 6M
- -0.63%
- 1Y
- 8.91%
- 3Y*
- 14.47%
- 5Y*
- 10.74%
- 10Y*
- 12.07%
Monthly Returns
Based on dividend-adjusted daily data since Feb 13, 2025, AXQE.DE's average daily return is +0.13%, while the average monthly return is +2.44%. At this rate, your investment would double in approximately 2.4 years.
Historically, 73% of months were positive and 27% were negative. The best month was Jan 2026 with a return of +11.2%, while the worst month was Mar 2026 at -12.5%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 1 months.
On a daily basis, AXQE.DE closed higher 55% of trading days. The best single day was Apr 10, 2025 with a return of +5.7%, while the worst single day was Mar 3, 2026 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.20% | 6.70% | -12.48% | 5.15% | 9.19% | ||||||||
| 2025 | -3.73% | 1.02% | 3.16% | 3.37% | 6.79% | -0.52% | 0.78% | 5.82% | 7.51% | -1.68% | 3.53% | 28.56% |
Benchmark Metrics
AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating has an annualized alpha of 39.55%, beta of 0.14, and R² of 0.02 versus S&P 500 Index. Calculated based on daily prices since February 14, 2025.
- This ETF captured 247.33% of S&P 500 Index gains but only 25.90% of its losses — a favorable profile for investors.
- Beta of 0.14 may look defensive, but with R² of 0.02 this ETF is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R² of 0.02 means this ETF moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 39.55%
- Beta
- 0.14
- R²
- 0.02
- Upside Capture
- 247.33%
- Downside Capture
- 25.90%
Expense Ratio
AXQE.DE has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
AXQE.DE ranks 84 for risk / return — in the top 84% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) and compare them to a chosen benchmark (S&P 500 Index).
| AXQE.DE | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.99 | 0.43 | +1.55 |
Sortino ratioReturn per unit of downside risk | 2.58 | 0.73 | +1.85 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.12 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 2.51 | 0.66 | +1.85 |
Martin ratioReturn relative to average drawdown | 9.32 | 2.77 | +6.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore AXQE.DE risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating was 16.82%, occurring on Mar 31, 2026. The portfolio has not yet recovered.
The current AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating drawdown is 12.54%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -16.82% | Feb 27, 2026 | 23 | Mar 31, 2026 | — | — | — |
| -12.86% | Feb 19, 2025 | 36 | Apr 9, 2025 | 14 | May 2, 2025 | 50 |
| -6.83% | Oct 30, 2025 | 17 | Nov 21, 2025 | 25 | Jan 2, 2026 | 42 |
| -3.75% | Jul 22, 2025 | 9 | Aug 1, 2025 | 8 | Aug 13, 2025 | 17 |
| -3.73% | Aug 14, 2025 | 14 | Sep 2, 2025 | 6 | Sep 10, 2025 | 20 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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