AXQE.DE vs. EUNY.DE

Last updated Apr 2, 2026

Compare and contrast key facts about AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) and iShares Emerging Markets Dividend UCITS ETF (EUNY.DE).

AXQE.DE and EUNY.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AXQE.DE is a passively managed fund by AXA IM that tracks the performance of the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). It was launched on Feb 5, 2025. EUNY.DE is a passively managed fund by iShares that tracks the performance of the Dow Jones Emerging Markets Select Dividend. It was launched on Nov 25, 2011. Both AXQE.DE and EUNY.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

AXQE.DE vs. EUNY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) and iShares Emerging Markets Dividend UCITS ETF (EUNY.DE). The values are adjusted to include any dividend payments, if applicable.

AXQE.DE vs. EUNY.DE - Yearly Performance Comparison

	2026 (YTD)	2025
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating	9.19%	28.56%
EUNY.DE iShares Emerging Markets Dividend UCITS ETF	12.48%	9.98%

Returns By Period

In the year-to-date period, AXQE.DE achieves a 9.19% return, which is significantly lower than EUNY.DE's 12.48% return.

AXQE.DE

• 1D: 5.15%
• 1M: -6.29%
• YTD: 9.19%
• 6M: 15.46%
• 1Y: 42.81%
• 3Y*: —
• 5Y*: —
• 10Y*: —

EUNY.DE

• 1D: 0.87%
• 1M: 0.08%
• YTD: 12.48%
• 6M: 19.68%
• 1Y: 23.55%
• 3Y*: 18.41%
• 5Y*: 5.98%
• 10Y*: 7.25%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AXQE.DE vs. EUNY.DE - Expense Ratio Comparison

AXQE.DE has a 0.30% expense ratio, which is lower than EUNY.DE's 0.65% expense ratio.

EUNY.DE

iShares Emerging Markets Dividend UCITS ETF

AXQE.DE

AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating

Return for Risk

AXQE.DE vs. EUNY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AXQE.DE

AXQE.DE Risk / Return Rank: 84
AXQE.DE Sharpe Ratio Rank: 89
AXQE.DE Sortino Ratio Rank: 88
AXQE.DE Omega Ratio Rank: 88
AXQE.DE Calmar Ratio Rank: 79
AXQE.DE Martin Ratio Rank: 77

EUNY.DE

EUNY.DE Risk / Return Rank: 81
EUNY.DE Sharpe Ratio Rank: 81
EUNY.DE Sortino Ratio Rank: 79
EUNY.DE Omega Ratio Rank: 79
EUNY.DE Calmar Ratio Rank: 76
EUNY.DE Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AXQE.DE vs. EUNY.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 iShares Emerging Markets Dividend UCITS ETF (EUNY.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.

	AXQE.DE	EUNY.DE	Difference
Sharpe ratio Return per unit of total volatility	1.99	1.62	+0.36
Sortino ratio Return per unit of downside risk	2.58	2.13	+0.45
Omega ratio Gain probability vs. loss probability	1.38	1.32	+0.06
Calmar ratio Return relative to maximum drawdown	2.51	2.26	+0.26
Martin ratio Return relative to average drawdown	9.32	11.89	-2.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXQE.DE vs. EUNY.DE - Sharpe Ratio Comparison

The current AXQE.DE Sharpe Ratio is 1.99, which is comparable to the EUNY.DE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of AXQE.DE and EUNY.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	AXQE.DE	EUNY.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	1.62	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.38	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.68	0.23	+1.45

Correlation

The correlation between AXQE.DE and EUNY.DE is 0.63, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

AXQE.DE vs. EUNY.DE - Dividend Comparison

AXQE.DE has not paid dividends to shareholders, while EUNY.DE's dividend yield for the trailing twelve months is around 5.27%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EUNY.DE iShares Emerging Markets Dividend UCITS ETF	5.27%	5.82%	7.72%	8.04%	9.56%	6.35%	5.09%	5.57%	5.65%	4.09%	4.35%	6.37%

Drawdowns

AXQE.DE vs. EUNY.DE - Drawdown Comparison

The maximum AXQE.DE drawdown since its inception was -16.82%, smaller than the maximum EUNY.DE drawdown of -40.65%. Use the drawdown chart below to compare losses from any high point for AXQE.DE and EUNY.DE.

Drawdown Indicators

	AXQE.DE	EUNY.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.82%	-40.65%	+23.83%
Max Drawdown (1Y) Largest decline over 1 year	-16.82%	-13.81%	-3.01%
Max Drawdown (5Y) Largest decline over 5 years	—	-31.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.29%	—
Current Drawdown Current decline from peak	-12.54%	-0.78%	-11.76%
Average Drawdown Average peak-to-trough decline	-2.65%	-12.47%	+9.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	2.06%	+2.48%

Volatility

AXQE.DE vs. EUNY.DE - Volatility Comparison

AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has a higher volatility of 9.00% compared to iShares Emerging Markets Dividend UCITS ETF (EUNY.DE) at 4.85%. This indicates that AXQE.DE's price experiences larger fluctuations and is considered to be riskier than EUNY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXQE.DE	EUNY.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	4.85%	+4.15%
Volatility (6M) Calculated over the trailing 6-month period	17.33%	9.45%	+7.88%
Volatility (1Y) Calculated over the trailing 1-year period	21.48%	14.52%	+6.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.83%	15.51%	+5.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.83%	16.85%	+3.98%