D5BI.DE vs. AXQE.DE
D5BI.DE (Xtrackers MSCI Mexico UCITS ETF (Acc)) and AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) are both Emerging Markets Equities funds - D5BI.DE tracks the MSCI Mexico Index while AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). Both are passively managed. Over the past year, D5BI.DE returned 33.67% vs 46.18% for AXQE.DE. At a 0.49 correlation, their price movements are largely independent. D5BI.DE charges 0.65%/yr vs 0.30%/yr for AXQE.DE.
Performance
D5BI.DE vs. AXQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, D5BI.DE achieves a 11.27% return, which is significantly lower than AXQE.DE's 27.54% return.
D5BI.DE
- 1D
- -1.13%
- 1M
- -4.36%
- 6M
- 4.91%
- YTD
- 11.27%
- 1Y
- 33.67%
- 3Y*
- 9.48%
- 5Y*
- 13.36%
- 10Y*
- 6.30%
AXQE.DE
- 1D
- 0.00%
- 1M
- -9.83%
- 6M
- 20.68%
- YTD
- 27.54%
- 1Y
- 46.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
D5BI.DE vs. AXQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
D5BI.DE Xtrackers MSCI Mexico UCITS ETF (Acc) | 11.27% | 33.46% |
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 27.54% | 32.15% |
Correlation
The correlation between D5BI.DE and AXQE.DE 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 (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.49 |
The correlation between D5BI.DE and AXQE.DE has been stable across timeframes, ranging from 0.49 to 0.51 - a consistent structural relationship.
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Return for Risk
D5BI.DE vs. AXQE.DE — Risk / Return Rank
D5BI.DE
AXQE.DE
D5BI.DE vs. AXQE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Mexico UCITS ETF (Acc) (D5BI.DE) and AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.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.
| D5BI.DE | AXQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.34 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.32 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.83 | 2.34 | +0.49 |
| Martin ratioReturn relative to average drawdown | 10.69 | 8.47 | +2.21 |
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Drawdowns
D5BI.DE vs. AXQE.DE - Drawdown Comparison
The maximum D5BI.DE drawdown since its inception was -55.39%, which is greater than AXQE.DE's maximum drawdown of -19.63%. Use the drawdown chart below to compare losses from any high point for D5BI.DE and AXQE.DE.
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Drawdown Indicators
| D5BI.DE | AXQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.39% | -19.63% | -35.76% |
Max Drawdown (1Y)Largest decline over 1 year | -11.84% | -19.63% | +7.79% |
Max Drawdown (3Y)Largest decline over 3 years | -30.89% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -30.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.58% | — | — |
Current DrawdownCurrent decline from peak | -4.36% | -11.90% | +7.54% |
Average DrawdownAverage peak-to-trough decline | -19.51% | -2.89% | -16.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.14% | 5.44% | -2.30% |
Volatility
D5BI.DE vs. AXQE.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Mexico UCITS ETF (Acc) (D5BI.DE) is 5.66%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has a volatility of 9.82%. This indicates that D5BI.DE experiences smaller price fluctuations and is considered to be less risky than AXQE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| D5BI.DE | AXQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.66% | 9.82% | -4.16% |
Volatility (6M)Calculated over the trailing 6-month period | 17.01% | 32.60% | -15.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.11% | 34.58% | -14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.90% | 32.08% | -11.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.92% | 32.08% | -8.16% |
D5BI.DE vs. AXQE.DE - Expense Ratio Comparison
D5BI.DE has a 0.65% expense ratio, which is higher than AXQE.DE's 0.30% expense ratio.
Dividends
D5BI.DE vs. AXQE.DE - Dividend Comparison
Neither D5BI.DE nor AXQE.DE has paid dividends to shareholders.
Frequently Asked Questions
D5BI.DE and AXQE.DE 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.
On fees, AXQE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AXQE.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for D5BI.DE.
D5BI.DE tracks MSCI Mexico Index, while AXQE.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). They also come from different issuers: Xtrackers and AXA IM. Their fees differ too: 0.65% for D5BI.DE and 0.30% for AXQE.DE.
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