AVEM.DE vs. AXQT.DE
AVEM.DE (Avantis Emerging Markets Equity UCITS ETF USD Acc) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both Emerging Markets Equities funds. AVEM.DE is actively managed, while AXQT.DE is passively managed. Over the past year, AVEM.DE returned 32.37% vs 57.81% for AXQT.DE. A 0.78 correlation means they provide meaningful diversification when combined. AVEM.DE charges 0.35%/yr vs 0.27%/yr for AXQT.DE.
Performance
AVEM.DE vs. AXQT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AVEM.DE achieves a 17.97% return, which is significantly lower than AXQT.DE's 36.68% return.
AVEM.DE
- 1D
- -1.72%
- 1M
- -6.89%
- 6M
- 12.41%
- YTD
- 17.97%
- 1Y
- 32.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AXQT.DE
- 1D
- 0.00%
- 1M
- -4.69%
- 6M
- 29.43%
- YTD
- 36.68%
- 1Y
- 57.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVEM.DE vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVEM.DE Avantis Emerging Markets Equity UCITS ETF USD Acc | 17.97% | 19.17% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 36.68% | 24.51% |
Correlation
The correlation between AVEM.DE and AXQT.DE is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.78 |
The correlation between AVEM.DE and AXQT.DE has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.
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Return for Risk
AVEM.DE vs. AXQT.DE — Risk / Return Rank
AVEM.DE
AXQT.DE
AVEM.DE vs. AXQT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.DE) and AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.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.
| AVEM.DE | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.99 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.46 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 5.05 | -2.29 |
| Martin ratioReturn relative to average drawdown | 9.84 | 15.72 | -5.88 |
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Drawdowns
AVEM.DE vs. AXQT.DE - Drawdown Comparison
The maximum AVEM.DE drawdown since its inception was -18.44%, which is greater than AXQT.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for AVEM.DE and AXQT.DE.
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Drawdown Indicators
| AVEM.DE | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.44% | -12.88% | -5.56% |
Max Drawdown (1Y)Largest decline over 1 year | -12.03% | -11.49% | -0.54% |
Current DrawdownCurrent decline from peak | -9.73% | -9.19% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -2.66% | -2.31% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.69% | -0.30% |
Volatility
AVEM.DE vs. AXQT.DE - Volatility Comparison
Avantis Emerging Markets Equity UCITS ETF USD Acc (AVEM.DE) and AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) have volatilities of 9.61% and 9.67%, 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
| AVEM.DE | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.61% | 9.67% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 18.01% | 19.47% | -1.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.27% | 21.95% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 22.04% | -2.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 22.04% | -2.48% |
AVEM.DE vs. AXQT.DE - Expense Ratio Comparison
AVEM.DE has a 0.35% expense ratio, which is higher than AXQT.DE's 0.27% expense ratio.
Dividends
AVEM.DE vs. AXQT.DE - Dividend Comparison
Neither AVEM.DE nor AXQT.DE has paid dividends to shareholders.
Frequently Asked Questions
AVEM.DE and AXQT.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AXQT.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AXQT.DE is cheaper with a 0.27% expense ratio, compared with 0.35% for AVEM.DE.
They also come from different issuers: Avantis and AXA IM. Their fees differ too: 0.35% for AVEM.DE and 0.27% for AXQT.DE.
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