ARGX vs. EMXC.DE
ARGX (argenx SE) is a stock, while EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) is Emerging Markets Equities fund tracking the MSCI EM NR USD. Over the past 5 years, ARGX returned 23.21%/yr vs 12.42%/yr for EMXC.DE. At a 0.21 correlation, their price movements are largely independent.
Performance
ARGX vs. EMXC.DE - Performance Comparison
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Different Trading Currencies
ARGX is traded in USD, while EMXC.DE is traded in EUR. To make them comparable, the EMXC.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ARGX achieves a 6.25% return, which is significantly lower than EMXC.DE's 37.17% return.
ARGX
- 1D
- -0.60%
- 1M
- 11.79%
- YTD
- 6.25%
- 6M
- 1.77%
- 1Y
- 54.62%
- 3Y*
- 31.12%
- 5Y*
- 23.21%
- 10Y*
- —
EMXC.DE
- 1D
- 3.39%
- 1M
- 6.42%
- YTD
- 37.17%
- 6M
- 41.95%
- 1Y
- 67.17%
- 3Y*
- 26.79%
- 5Y*
- 12.42%
- 10Y*
- —
ARGX vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ARGX argenx SE | 6.25% | 36.74% | 61.66% | 0.42% | 8.18% | 19.08% | 83.21% | 16.95% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 37.17% | 35.38% | 2.89% | 17.93% | -18.35% | 8.29% | 12.24% | -5.29% |
Correlation
The correlation between ARGX and EMXC.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.21 |
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Return for Risk
ARGX vs. EMXC.DE — Risk / Return Rank
ARGX
EMXC.DE
ARGX vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for argenx SE (ARGX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ARGX | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.20 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.51 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.84 | 4.57 | -2.73 |
| Martin ratioReturn relative to average drawdown | 4.89 | 16.83 | -11.95 |
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Drawdowns
ARGX vs. EMXC.DE - Drawdown Comparison
The maximum ARGX drawdown since its inception was -38.20%, smaller than the maximum EMXC.DE drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for ARGX and EMXC.DE.
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Drawdown Indicators
| ARGX | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.20% | -43.81% | +5.61% |
Max Drawdown (1Y)Largest decline over 1 year | -28.58% | -14.01% | -14.57% |
Max Drawdown (3Y)Largest decline over 3 years | -38.20% | -21.97% | -16.23% |
Max Drawdown (5Y)Largest decline over 5 years | -38.20% | -28.61% | -9.59% |
Current DrawdownCurrent decline from peak | -3.88% | -3.70% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -10.22% | -0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.79% | 3.81% | +6.98% |
Volatility
ARGX vs. EMXC.DE - Volatility Comparison
argenx SE (ARGX) has a higher volatility of 11.41% compared to Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) at 9.34%. This indicates that ARGX's price experiences larger fluctuations and is considered to be riskier than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ARGX | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.41% | 9.34% | +2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 22.41% | 19.63% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.80% | 21.99% | +8.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.55% | 17.94% | +20.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 51.52% | 20.28% | +31.24% |
Dividends
ARGX vs. EMXC.DE - Dividend Comparison
Neither ARGX nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
ARGX and EMXC.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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