AXQT.DE vs. ESAE.DE

Last updated Aug 1, 2026

AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) and ESAE.DE (BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR 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 ESAE.DE is a Global Equities fund tracking the MSCI World Equal Weighted Ex Business Involvement Screens Select Index. Both are passively managed. Over the past year, AXQT.DE returned 54.86% vs 18.34% for ESAE.DE. Their 0.53 correlation means they have sometimes moved together and sometimes differently. AXQT.DE charges 0.27%/yr vs 0.20%/yr for ESAE.DE.

Performance

AXQT.DE vs. ESAE.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 USD Acc (AXQT.DE) and BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AXQT.DE achieves a 35.23% return, which is significantly higher than ESAE.DE's 12.72% return.

AXQT.DE

• 1D: 0.00%
• 1M: -4.86%
• 6M: 22.59%
• YTD: 35.23%
• 1Y: 54.86%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 47.93%

ESAE.DE

• 1D: 0.00%
• 1M: 1.45%
• 6M: 10.98%
• YTD: 12.72%
• 1Y: 18.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.66%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc	€0.00	€6.33K	€6.72K
ESAE.DE BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	€30.33K	€23.68K	€29.24K

AXQT.DE vs. ESAE.DE - Yearly Performance Comparison

	2026 (YTD)	2025
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc	35.23%	20.60%
ESAE.DE BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc	12.72%	7.30%

Correlation

The correlation between AXQT.DE and ESAE.DE is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.52
Correlation (All Time) Calculated using the full available price history since May 30, 2025	0.53

The correlation between AXQT.DE and ESAE.DE has been stable across timeframes, ranging from 0.52 to 0.53 - a consistent structural relationship.

Return for Risk

AXQT.DE vs. ESAE.DE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AXQT.DE

AXQT.DE Risk / Return Rank: 90
AXQT.DE Sharpe Ratio Rank: 93
AXQT.DE Sortino Ratio Rank: 89
AXQT.DE Omega Ratio Rank: 91
AXQT.DE Calmar Ratio Rank: 91
AXQT.DE Martin Ratio Rank: 87

ESAE.DE

ESAE.DE Risk / Return Rank: 75
ESAE.DE Sharpe Ratio Rank: 70
ESAE.DE Sortino Ratio Rank: 72
ESAE.DE Omega Ratio Rank: 76
ESAE.DE Calmar Ratio Rank: 76
ESAE.DE Martin Ratio Rank: 80

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AXQT.DE vs. ESAE.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 BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.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	ESAE.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.50	1.62	+0.88
Sortino ratio: Return per unit of downside risk	3.12	2.34	+0.78
Omega ratio: Gain probability vs. loss probability	1.44	1.32	+0.12
Calmar ratio: Return relative to maximum drawdown	4.03	2.73	+1.30
Martin ratio: Return relative to average drawdown	12.77	10.60	+2.17

AXQT.DE vs. ESAE.DE - Sharpe Ratio Comparison

The current AXQT.DE Sharpe Ratio is 2.50, which is higher than the ESAE.DE Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of AXQT.DE and ESAE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AXQT.DE vs. ESAE.DE - Drawdown Comparison

The maximum AXQT.DE drawdown since its inception was -13.81%, which is greater than ESAE.DE's maximum drawdown of -6.70%. Use the drawdown chart below to compare losses from any high point for AXQT.DE and ESAE.DE.

Drawdown Indicators

	AXQT.DE	ESAE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-13.81%	-6.70%	-7.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.81%	-6.70%	-7.11%
Current Drawdown Current decline from peak	-10.16%	-0.68%	-9.48%
Average Drawdown Average peak-to-trough decline	-2.60%	-1.09%	-1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.35%	1.73%	+2.62%

Volatility

AXQT.DE vs. ESAE.DE - Volatility Comparison

AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a higher volatility of 8.00% compared to BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF EUR Acc (ESAE.DE) at 2.72%. This indicates that AXQT.DE's price experiences larger fluctuations and is considered to be riskier than ESAE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXQT.DE	ESAE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.00%	2.72%	+5.28%
Volatility (6M) Calculated over the trailing 6-month period	19.77%	7.76%	+12.01%
Volatility (1Y) Calculated over the trailing 1-year period	22.26%	11.31%	+10.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.02%	11.01%	+11.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.02%	11.01%	+11.01%

AXQT.DE vs. ESAE.DE - Expense Ratio Comparison

AXQT.DE has a 0.27% expense ratio, which is higher than ESAE.DE's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

AXQT.DE vs. ESAE.DE - Dividend Comparison

Neither AXQT.DE nor ESAE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AXQT.DE and ESAE.DE in my portfolio?

AXQT.DE and ESAE.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.

Which ETF is better, AXQT.DE or ESAE.DE?

On fees, ESAE.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AXQT.DE or ESAE.DE?

ESAE.DE is cheaper with a 0.20% expense ratio, compared with 0.27% for AXQT.DE.

What is the main difference between AXQT.DE and ESAE.DE?

AXQT.DE is categorized as Emerging Markets Equities, while ESAE.DE is Global Equities. AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned, while ESAE.DE tracks MSCI World Equal Weighted Ex Business Involvement Screens Select Index. They also come from different issuers: AXA IM and BNP Paribas. Their fees differ too: 0.27% for AXQT.DE and 0.20% for ESAE.DE.