AXQT.DE vs. XSOE.DE
AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) and XSOE.DE (WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF) are both Emerging Markets Equities funds - AXQT.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned while XSOE.DE tracks the WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. Both are passively managed. Over the past year, AXQT.DE returned 68.47% vs 45.75% for XSOE.DE. Their correlation of 0.82 suggests significant overlap in exposure. AXQT.DE charges 0.27%/yr vs 0.32%/yr for XSOE.DE.
Performance
AXQT.DE vs. XSOE.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 XSOE.DE's 24.59% return.
AXQT.DE
- 1D
- -0.87%
- 1M
- 4.85%
- YTD
- 40.98%
- 6M
- 43.57%
- 1Y
- 68.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XSOE.DE
- 1D
- -1.43%
- 1M
- 3.69%
- YTD
- 24.59%
- 6M
- 25.63%
- 1Y
- 45.75%
- 3Y*
- 18.45%
- 5Y*
- —
- 10Y*
- —
AXQT.DE vs. XSOE.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% |
XSOE.DE WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF | 24.59% | 13.92% |
Correlation
The correlation between AXQT.DE and XSOE.DE is 0.80, 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 | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.82 |
The correlation between AXQT.DE and XSOE.DE has been stable across timeframes, ranging from 0.80 to 0.82 - a consistent structural relationship.
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Return for Risk
AXQT.DE vs. XSOE.DE — Risk / Return Rank
AXQT.DE
XSOE.DE
AXQT.DE vs. XSOE.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 WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.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 | XSOE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.64 | 1.47 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.01 | 4.33 | +1.68 |
| Martin ratioReturn relative to average drawdown | 22.04 | 15.99 | +6.05 |
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 | XSOE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.62 | 2.60 | +1.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.20 | 0.44 | +1.76 |
Drawdowns
AXQT.DE vs. XSOE.DE - Drawdown Comparison
The maximum AXQT.DE drawdown since its inception was -18.65%, smaller than the maximum XSOE.DE drawdown of -27.69%. Use the drawdown chart below to compare losses from any high point for AXQT.DE and XSOE.DE.
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Drawdown Indicators
| AXQT.DE | XSOE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.65% | -27.69% | +9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -10.85% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.83% | — |
Current DrawdownCurrent decline from peak | -2.23% | -2.39% | +0.16% |
Average DrawdownAverage peak-to-trough decline | -3.07% | -12.90% | +9.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 2.94% | +0.20% |
Volatility
AXQT.DE vs. XSOE.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 WisdomTree Emerging Markets ex-State-Owned Enterprises UCITS ETF (XSOE.DE) at 7.20%. This indicates that AXQT.DE's price experiences larger fluctuations and is considered to be riskier than XSOE.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 | XSOE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.70% | 7.20% | +1.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.43% | 15.05% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 18.10% | +1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.01% | 17.27% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.01% | 17.27% | +2.74% |
AXQT.DE vs. XSOE.DE - Expense Ratio Comparison
AXQT.DE has a 0.27% expense ratio, which is lower than XSOE.DE's 0.32% expense ratio.
Dividends
AXQT.DE vs. XSOE.DE - Dividend Comparison
Neither AXQT.DE nor XSOE.DE has paid dividends to shareholders.
Frequently Asked Questions
AXQT.DE and XSOE.DE have a correlation of 0.80, 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 0.32% for XSOE.DE.
AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned, while XSOE.DE tracks WisdomTree Emerging Markets ex-State-Owned Enterprises ESG Screened. They also come from different issuers: AXA IM and WisdomTree. Their fees differ too: 0.27% for AXQT.DE and 0.32% for XSOE.DE.
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