AXQT.DE vs. DBMFE.PA
AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) and DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) are both exchange-traded funds - AXQT.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Climate Paris Aligned, while DBMFE.PA is a Hedge Fund fund actively managed by iM Global Partner. AXQT.DE is passively managed, while DBMFE.PA is actively managed. Over the past year, AXQT.DE returned 72.38% vs 27.90% for DBMFE.PA. At a 0.24 correlation, their price movements are largely independent. AXQT.DE charges 0.27%/yr vs 0.75%/yr for DBMFE.PA.
Performance
AXQT.DE vs. DBMFE.PA - Performance Comparison
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Returns By Period
In the year-to-date period, AXQT.DE achieves a 42.21% return, which is significantly higher than DBMFE.PA's 12.72% return.
AXQT.DE
- 1D
- -1.38%
- 1M
- 10.27%
- YTD
- 42.21%
- 6M
- 46.30%
- 1Y
- 72.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBMFE.PA
- 1D
- -0.50%
- 1M
- 2.39%
- YTD
- 12.72%
- 6M
- 13.91%
- 1Y
- 27.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AXQT.DE vs. DBMFE.PA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 42.21% | 22.67% |
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc | 12.72% | 8.56% |
Correlation
The correlation between AXQT.DE and DBMFE.PA is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.24 |
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Return for Risk
AXQT.DE vs. DBMFE.PA — Risk / Return Rank
AXQT.DE
DBMFE.PA
AXQT.DE vs. DBMFE.PA - 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 USD Acc (AXQT.DE) and iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA). 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.
| AXQT.DE | DBMFE.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.25 | ||
| Sortino ratioReturn per unit of downside risk | +2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.67 | 1.28 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 6.26 | 3.93 | +2.34 |
| Martin ratioReturn relative to average drawdown | 23.00 | 8.01 | +14.98 |
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
| AXQT.DE | DBMFE.PA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.77 | 1.53 | +2.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.26 | 1.06 | +1.20 |
Drawdowns
AXQT.DE vs. DBMFE.PA - Drawdown Comparison
The maximum AXQT.DE drawdown since its inception was -18.65%, which is greater than DBMFE.PA's maximum drawdown of -7.01%. Use the drawdown chart below to compare losses from any high point for AXQT.DE and DBMFE.PA.
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Drawdown Indicators
| AXQT.DE | DBMFE.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -7.01% | -11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -7.01% | -4.48% |
Current DrawdownCurrent decline from peak | -1.38% | -1.37% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -3.01% | -0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 3.46% | -0.32% |
Volatility
AXQT.DE vs. DBMFE.PA - Volatility Comparison
AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a higher volatility of 8.89% compared to iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) at 3.80%. This indicates that AXQT.DE's price experiences larger fluctuations and is considered to be riskier than DBMFE.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AXQT.DE | DBMFE.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 3.80% | +5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 16.39% | 11.43% | +4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.08% | 18.05% | +1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.02% | 17.73% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.02% | 17.73% | +2.29% |
AXQT.DE vs. DBMFE.PA - Expense Ratio Comparison
AXQT.DE has a 0.27% expense ratio, which is lower than DBMFE.PA's 0.75% expense ratio.
Dividends
AXQT.DE vs. DBMFE.PA - Dividend Comparison
Neither AXQT.DE nor DBMFE.PA has paid dividends to shareholders.
Frequently Asked Questions
AXQT.DE and DBMFE.PA have a correlation of 0.21, 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 0.75% for DBMFE.PA.
AXQT.DE is categorized as Emerging Markets Equities, while DBMFE.PA is Hedge Fund. They also come from different issuers: AXA IM and iM Global Partner. Their fees differ too: 0.27% for AXQT.DE and 0.75% for DBMFE.PA.
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