BATE.DE vs. EMXC
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and EMXC (iShares MSCI Emerging Markets ex China ETF) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while EMXC is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Index. Both are passively managed. Over the past 5 years, BATE.DE returned 14.60%/yr vs 13.94%/yr for EMXC. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.
Performance
BATE.DE vs. EMXC - Performance Comparison
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Different Trading Currencies
BATE.DE is traded in EUR, while EMXC is traded in USD. To make them comparable, the EMXC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly lower than EMXC's 45.33% return.
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
EMXC
- 1D
- 1.60%
- 1M
- 4.59%
- YTD
- 45.33%
- 6M
- 47.20%
- 1Y
- 71.00%
- 3Y*
- 26.56%
- 5Y*
- 13.94%
- 10Y*
- —
BATE.DE vs. EMXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
EMXC iShares MSCI Emerging Markets ex China ETF | 45.33% | 19.10% | 9.46% | 15.39% | -14.58% | 16.65% | 3.46% | 18.41% | -7.79% |
Correlation
The correlation between BATE.DE and EMXC is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.53 |
The correlation between BATE.DE and EMXC has been stable across timeframes, ranging from 0.51 to 0.53 - a consistent structural relationship.
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Return for Risk
BATE.DE vs. EMXC — Risk / Return Rank
BATE.DE
EMXC
BATE.DE vs. EMXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) and iShares MSCI Emerging Markets ex China ETF (EMXC). 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.
| BATE.DE | EMXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.56 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | 6.04 | +0.63 |
| Martin ratioReturn relative to average drawdown | 22.65 | 21.87 | +0.78 |
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Drawdowns
BATE.DE vs. EMXC - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.43%, roughly equal to the maximum EMXC drawdown of -37.86%. Use the drawdown chart below to compare losses from any high point for BATE.DE and EMXC.
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Drawdown Indicators
| BATE.DE | EMXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -37.86% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -11.81% | -3.31% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -18.28% | -15.77% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -18.28% | -15.77% |
Current DrawdownCurrent decline from peak | -13.66% | -4.09% | -9.57% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -6.58% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 3.26% | +1.20% |
Volatility
BATE.DE vs. EMXC - Volatility Comparison
The current volatility for Legal & General Battery Value-Chain UCITS ETF (BATE.DE) is 10.20%, while iShares MSCI Emerging Markets ex China ETF (EMXC) has a volatility of 13.47%. This indicates that BATE.DE experiences smaller price fluctuations and is considered to be less risky than EMXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BATE.DE | EMXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 13.47% | -3.27% |
Volatility (6M)Calculated over the trailing 6-month period | 24.43% | 21.69% | +2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 23.67% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 16.79% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 19.42% | +4.15% |
BATE.DE vs. EMXC - Expense Ratio Comparison
Both BATE.DE and EMXC have an expense ratio of 0.49%.
Dividends
BATE.DE vs. EMXC - Dividend Comparison
BATE.DE has not paid dividends to shareholders, while EMXC's dividend yield for the trailing twelve months is around 1.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMXC iShares MSCI Emerging Markets ex China ETF | 1.89% | 2.82% | 2.69% | 1.83% | 2.85% | 1.78% | 1.45% | 3.25% | 2.63% | 0.99% |
Frequently Asked Questions
BATE.DE and EMXC have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BATE.DE and EMXC have the same expense ratio: 0.49% per year.
BATE.DE is categorized as Lithium & Battery Metals, while EMXC is Emerging Markets Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while EMXC tracks MSCI Emerging Markets ex China Index. They also come from different issuers: Legal & General and iShares.
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