AXQT.DE vs. IS3N.DE
AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both Emerging Markets Equities funds - AXQT.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned while IS3N.DE tracks the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past year, AXQT.DE returned 69.43% vs 46.76% for IS3N.DE. Their correlation of 0.85 suggests significant overlap in exposure. AXQT.DE charges 0.27%/yr vs 0.18%/yr for IS3N.DE.
Performance
AXQT.DE vs. IS3N.DE - Performance Comparison
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Returns By Period
In the year-to-date period, AXQT.DE achieves a 40.98% return, which is significantly higher than IS3N.DE's 25.82% return.
AXQT.DE
- 1D
- -0.87%
- 1M
- 7.44%
- YTD
- 40.98%
- 6M
- 44.68%
- 1Y
- 69.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IS3N.DE
- 1D
- -1.45%
- 1M
- 5.25%
- YTD
- 25.82%
- 6M
- 27.45%
- 1Y
- 46.76%
- 3Y*
- 19.99%
- 5Y*
- 8.61%
- 10Y*
- 10.00%
AXQT.DE vs. IS3N.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 40.98% | 15.03% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 25.82% | 14.49% |
Correlation
The correlation between AXQT.DE and IS3N.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.85 |
The correlation between AXQT.DE and IS3N.DE has been stable across timeframes, ranging from 0.84 to 0.85 - a consistent structural relationship.
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Return for Risk
AXQT.DE vs. IS3N.DE — Risk / Return Rank
AXQT.DE
IS3N.DE
AXQT.DE vs. IS3N.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 iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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.
| AXQT.DE | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.93 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.49 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 4.42 | +1.59 |
| Martin ratioReturn relative to average drawdown | 22.04 | 16.00 | +6.03 |
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 | IS3N.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.62 | 2.69 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.53 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.20 | 0.44 | +1.77 |
Drawdowns
AXQT.DE vs. IS3N.DE - Drawdown Comparison
The maximum AXQT.DE drawdown since its inception was -18.65%, smaller than the maximum IS3N.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for AXQT.DE and IS3N.DE.
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Drawdown Indicators
| AXQT.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -35.06% | +16.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -10.52% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.17% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.01% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.51% | — |
Current DrawdownCurrent decline from peak | -2.23% | -2.49% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -9.30% | +6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.91% | +0.23% |
Volatility
AXQT.DE vs. IS3N.DE - Volatility Comparison
AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a higher volatility of 8.70% compared to iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) at 7.16%. This indicates that AXQT.DE's price experiences larger fluctuations and is considered to be riskier than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 7.16% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 16.43% | 14.69% | +1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 17.32% | +1.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 16.19% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 18.04% | +1.97% |
AXQT.DE vs. IS3N.DE - Expense Ratio Comparison
AXQT.DE has a 0.27% expense ratio, which is higher than IS3N.DE's 0.18% 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. IS3N.DE - Dividend Comparison
Neither AXQT.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
AXQT.DE and IS3N.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.27% for AXQT.DE.
AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: AXA IM and iShares. Their fees differ too: 0.27% for AXQT.DE and 0.18% for IS3N.DE.
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