AXQE.DE vs. D5BI.DE
AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) and D5BI.DE (Xtrackers MSCI Mexico UCITS ETF (Acc)) are both Emerging Markets Equities funds - AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged) while D5BI.DE tracks the MSCI Mexico Index. Both are passively managed. Over the past year, AXQE.DE returned 51.93% vs 36.58% for D5BI.DE. At a 0.49 correlation, their price movements are largely independent. AXQE.DE charges 0.30%/yr vs 0.65%/yr for D5BI.DE.
Performance
AXQE.DE vs. D5BI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AXQE.DE achieves a 31.36% return, which is significantly higher than D5BI.DE's 12.54% return.
AXQE.DE
- 1D
- 0.00%
- 1M
- -6.15%
- 6M
- 25.51%
- YTD
- 31.36%
- 1Y
- 51.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
D5BI.DE
- 1D
- 0.50%
- 1M
- -2.32%
- 6M
- 7.39%
- YTD
- 12.54%
- 1Y
- 36.58%
- 3Y*
- 9.96%
- 5Y*
- 13.62%
- 10Y*
- 6.52%
AXQE.DE vs. D5BI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 31.36% | 32.15% |
D5BI.DE Xtrackers MSCI Mexico UCITS ETF (Acc) | 12.54% | 33.46% |
Correlation
The correlation between AXQE.DE and D5BI.DE is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.49 |
The correlation between AXQE.DE and D5BI.DE has been stable across timeframes, ranging from 0.49 to 0.52 - a consistent structural relationship.
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Return for Risk
AXQE.DE vs. D5BI.DE — Risk / Return Rank
AXQE.DE
D5BI.DE
AXQE.DE vs. D5BI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) and Xtrackers MSCI Mexico UCITS ETF (Acc) (D5BI.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.
| AXQE.DE | D5BI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.31 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.63 | 3.08 | -0.44 |
| Martin ratioReturn relative to average drawdown | 9.73 | 11.66 | -1.93 |
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Drawdowns
AXQE.DE vs. D5BI.DE - Drawdown Comparison
The maximum AXQE.DE drawdown since its inception was -19.63%, smaller than the maximum D5BI.DE drawdown of -55.39%. Use the drawdown chart below to compare losses from any high point for AXQE.DE and D5BI.DE.
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Drawdown Indicators
| AXQE.DE | D5BI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.63% | -55.39% | +35.76% |
Max Drawdown (1Y)Largest decline over 1 year | -19.63% | -11.84% | -7.79% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.89% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.89% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.58% | — |
Current DrawdownCurrent decline from peak | -9.25% | -3.27% | -5.98% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -19.52% | +16.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.32% | 3.13% | +2.19% |
Volatility
AXQE.DE vs. D5BI.DE - Volatility Comparison
AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has a higher volatility of 10.06% compared to Xtrackers MSCI Mexico UCITS ETF (Acc) (D5BI.DE) at 5.92%. This indicates that AXQE.DE's price experiences larger fluctuations and is considered to be riskier than D5BI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXQE.DE | D5BI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.06% | 5.92% | +4.14% |
Volatility (6M)Calculated over the trailing 6-month period | 32.52% | 16.98% | +15.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.51% | 20.08% | +14.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.11% | 20.90% | +11.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.11% | 23.92% | +8.19% |
AXQE.DE vs. D5BI.DE - Expense Ratio Comparison
AXQE.DE has a 0.30% expense ratio, which is lower than D5BI.DE's 0.65% expense ratio.
Dividends
AXQE.DE vs. D5BI.DE - Dividend Comparison
Neither AXQE.DE nor D5BI.DE has paid dividends to shareholders.
Frequently Asked Questions
AXQE.DE and D5BI.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AXQE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AXQE.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for D5BI.DE.
AXQE.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged), while D5BI.DE tracks MSCI Mexico Index. They also come from different issuers: AXA IM and Xtrackers. Their fees differ too: 0.30% for AXQE.DE and 0.65% for D5BI.DE.
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