AXQT.DE vs. EHDL.DE
AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) and EHDL.DE (Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF) are both Emerging Markets Equities funds - AXQT.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned while EHDL.DE tracks the FTSE Emerging High Dividend Low Volatility Index. Both are passively managed. Over the past year, AXQT.DE returned 57.81% vs 23.70% for EHDL.DE. A 0.51 correlation means they provide meaningful diversification when combined. AXQT.DE charges 0.27%/yr vs 0.49%/yr for EHDL.DE.
Performance
AXQT.DE vs. EHDL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AXQT.DE achieves a 36.68% return, which is significantly higher than EHDL.DE's 12.21% return.
AXQT.DE
- 1D
- 0.00%
- 1M
- -4.69%
- 6M
- 29.43%
- YTD
- 36.68%
- 1Y
- 57.81%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EHDL.DE
- 1D
- -0.20%
- 1M
- 1.47%
- 6M
- 8.34%
- YTD
- 12.21%
- 1Y
- 23.70%
- 3Y*
- 13.52%
- 5Y*
- 7.13%
- 10Y*
- 6.10%
AXQT.DE vs. EHDL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 36.68% | 24.51% |
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 12.21% | 11.27% |
Correlation
The correlation between AXQT.DE and EHDL.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.51 |
The correlation between AXQT.DE and EHDL.DE has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.
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Return for Risk
AXQT.DE vs. EHDL.DE — Risk / Return Rank
AXQT.DE
EHDL.DE
AXQT.DE vs. EHDL.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 USD Acc (AXQT.DE) and Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.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.
| AXQT.DE | EHDL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.37 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.05 | 4.48 | +0.57 |
| Martin ratioReturn relative to average drawdown | 15.72 | 11.80 | +3.92 |
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Drawdowns
AXQT.DE vs. EHDL.DE - Drawdown Comparison
The maximum AXQT.DE drawdown since its inception was -12.88%, smaller than the maximum EHDL.DE drawdown of -36.13%. Use the drawdown chart below to compare losses from any high point for AXQT.DE and EHDL.DE.
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Drawdown Indicators
| AXQT.DE | EHDL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.88% | -36.13% | +23.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -5.26% | -6.23% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.85% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -18.80% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.13% | — |
Current DrawdownCurrent decline from peak | -9.19% | -0.99% | -8.20% |
Average DrawdownAverage peak-to-trough decline | -2.31% | -9.09% | +6.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.69% | 2.00% | +1.69% |
Volatility
AXQT.DE vs. EHDL.DE - Volatility Comparison
AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a higher volatility of 9.67% compared to Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF (EHDL.DE) at 3.21%. This indicates that AXQT.DE's price experiences larger fluctuations and is considered to be riskier than EHDL.DE 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 | EHDL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 3.21% | +6.46% |
Volatility (6M)Calculated over the trailing 6-month period | 19.47% | 8.05% | +11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.95% | 11.34% | +10.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.04% | 13.60% | +8.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.04% | 17.99% | +4.05% |
AXQT.DE vs. EHDL.DE - Expense Ratio Comparison
AXQT.DE has a 0.27% expense ratio, which is lower than EHDL.DE's 0.49% expense ratio.
Dividends
AXQT.DE vs. EHDL.DE - Dividend Comparison
AXQT.DE has not paid dividends to shareholders, while EHDL.DE's dividend yield for the trailing twelve months is around 4.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EHDL.DE Invesco FTSE Emerging Markets High Dividend Low Volatility UCITS ETF | 4.74% | 5.27% | 5.58% | 6.15% | 9.20% | 5.91% | 4.28% | 5.04% | 5.45% | 5.14% | 2.24% |
Frequently Asked Questions
AXQT.DE and EHDL.DE have a correlation of 0.46, 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 0.49% for EHDL.DE.
AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned, while EHDL.DE tracks FTSE Emerging High Dividend Low Volatility Index. They also come from different issuers: AXA IM and Invesco. Their fees differ too: 0.27% for AXQT.DE and 0.49% for EHDL.DE.
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