84X0.DE vs. EMXC.DE
84X0.DE (iShares MSCI EM ex-China UCITS ETF USD Acc) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both Emerging Markets Equities funds - 84X0.DE tracks the MSCI Emerging Markets ex China Index (Net) while EMXC.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past year, 84X0.DE returned 67.73% vs 66.91% for EMXC.DE. Their correlation of 0.94 suggests significant overlap in exposure. 84X0.DE charges 0.18%/yr vs 0.15%/yr for EMXC.DE.
Performance
84X0.DE vs. EMXC.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 84X0.DE having a 40.37% return and EMXC.DE slightly lower at 40.23%.
84X0.DE
- 1D
- -1.73%
- 1M
- 5.67%
- YTD
- 40.37%
- 6M
- 42.72%
- 1Y
- 67.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMXC.DE
- 1D
- -1.80%
- 1M
- 5.62%
- YTD
- 40.23%
- 6M
- 42.71%
- 1Y
- 66.91%
- 3Y*
- 25.05%
- 5Y*
- 13.66%
- 10Y*
- —
84X0.DE vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
84X0.DE iShares MSCI EM ex-China UCITS ETF USD Acc | 40.37% | 19.85% | 9.62% | 7.38% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 40.23% | 19.92% | 9.13% | 7.87% |
Correlation
The correlation between 84X0.DE and EMXC.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023 | 0.94 |
The correlation between 84X0.DE and EMXC.DE has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
84X0.DE vs. EMXC.DE — Risk / Return Rank
84X0.DE
EMXC.DE
84X0.DE vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 84X0.DE | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.62 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.88 | 5.78 | +0.09 |
| Martin ratioReturn relative to average drawdown | 21.92 | 21.97 | -0.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 84X0.DE | EMXC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.52 | 3.46 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.77 | 0.69 | +1.07 |
Drawdowns
84X0.DE vs. EMXC.DE - Drawdown Comparison
The maximum 84X0.DE drawdown since its inception was -19.72%, smaller than the maximum EMXC.DE drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for 84X0.DE and EMXC.DE.
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Drawdown Indicators
| 84X0.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.72% | -38.77% | +19.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.66% | -11.87% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | — | -20.48% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.48% | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.53% | +0.04% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -6.73% | +4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 3.13% | 0.00% |
Volatility
84X0.DE vs. EMXC.DE - Volatility Comparison
iShares MSCI EM ex-China UCITS ETF USD Acc (84X0.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) have volatilities of 8.41% and 8.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 84X0.DE | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.41% | 8.44% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.93% | 17.23% | -0.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 19.85% | -0.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.11% | 15.83% | +1.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.11% | 18.50% | -1.39% |
84X0.DE vs. EMXC.DE - Expense Ratio Comparison
84X0.DE has a 0.18% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
84X0.DE vs. EMXC.DE - Dividend Comparison
Neither 84X0.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, 84X0.DE and EMXC.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for 84X0.DE.
84X0.DE tracks MSCI Emerging Markets ex China Index (Net), while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.18% for 84X0.DE and 0.15% for EMXC.DE.
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