AXQT.DE vs. XEMD.DE
AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) and XEMD.DE (Xtrackers MSCI Emerging Markets UCITS ETF 1D) are both Emerging Markets Equities funds - AXQT.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned while XEMD.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past year, AXQT.DE returned 68.47% vs 48.60% for XEMD.DE. Their correlation of 0.85 suggests significant overlap in exposure. AXQT.DE charges 0.27%/yr vs 0.18%/yr for XEMD.DE.
Performance
AXQT.DE vs. XEMD.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 XEMD.DE's 28.06% return.
AXQT.DE
- 1D
- -0.87%
- 1M
- 4.85%
- YTD
- 40.98%
- 6M
- 43.57%
- 1Y
- 68.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XEMD.DE
- 1D
- -1.59%
- 1M
- 3.50%
- YTD
- 28.06%
- 6M
- 27.79%
- 1Y
- 48.60%
- 3Y*
- 20.80%
- 5Y*
- —
- 10Y*
- —
AXQT.DE vs. XEMD.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% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 28.06% | 14.75% |
Correlation
The correlation between AXQT.DE and XEMD.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 XEMD.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. XEMD.DE — Risk / Return Rank
AXQT.DE
XEMD.DE
AXQT.DE vs. XEMD.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 Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.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 | XEMD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.50 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 4.60 | +1.41 |
| Martin ratioReturn relative to average drawdown | 22.04 | 16.76 | +5.27 |
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 | XEMD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.62 | 2.77 | +0.85 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.20 | 0.58 | +1.62 |
Drawdowns
AXQT.DE vs. XEMD.DE - Drawdown Comparison
The maximum AXQT.DE drawdown since its inception was -18.65%, smaller than the maximum XEMD.DE drawdown of -23.50%. Use the drawdown chart below to compare losses from any high point for AXQT.DE and XEMD.DE.
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Drawdown Indicators
| AXQT.DE | XEMD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -23.50% | +4.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -10.72% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.19% | — |
Current DrawdownCurrent decline from peak | -2.23% | -2.54% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -9.22% | +6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.95% | +0.19% |
Volatility
AXQT.DE vs. XEMD.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 Xtrackers MSCI Emerging Markets UCITS ETF 1D (XEMD.DE) at 7.39%. This indicates that AXQT.DE's price experiences larger fluctuations and is considered to be riskier than XEMD.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 | XEMD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 7.39% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 16.43% | 15.08% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 17.84% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 16.76% | +3.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 16.76% | +3.25% |
AXQT.DE vs. XEMD.DE - Expense Ratio Comparison
AXQT.DE has a 0.27% expense ratio, which is higher than XEMD.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. XEMD.DE - Dividend Comparison
AXQT.DE has not paid dividends to shareholders, while XEMD.DE's dividend yield for the trailing twelve months is around 1.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
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% |
XEMD.DE Xtrackers MSCI Emerging Markets UCITS ETF 1D | 1.55% | 1.92% | 3.01% | 2.38% | 2.66% |
Frequently Asked Questions
AXQT.DE and XEMD.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, XEMD.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XEMD.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 XEMD.DE tracks MSCI EM NR USD. They also come from different issuers: AXA IM and Xtrackers. Their fees differ too: 0.27% for AXQT.DE and 0.18% for XEMD.DE.
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