DBMFE.PA vs. AXQT.DE
DBMFE.PA (iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both exchange-traded funds - DBMFE.PA is a Hedge Fund fund actively managed by iM Global Partner, while AXQT.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Climate Paris Aligned. DBMFE.PA is actively managed, while AXQT.DE is passively managed. Over the past year, DBMFE.PA returned 27.90% vs 72.38% for AXQT.DE. At a 0.24 correlation, their price movements are largely independent. DBMFE.PA charges 0.75%/yr vs 0.27%/yr for AXQT.DE.
Performance
DBMFE.PA vs. AXQT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DBMFE.PA achieves a 12.72% return, which is significantly lower than AXQT.DE's 42.21% return.
DBMFE.PA
- 1D
- -0.50%
- 1M
- 2.39%
- YTD
- 12.72%
- 6M
- 13.91%
- 1Y
- 27.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AXQT.DE
- 1D
- -1.38%
- 1M
- 10.27%
- YTD
- 42.21%
- 6M
- 46.30%
- 1Y
- 72.38%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBMFE.PA vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBMFE.PA iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc | 12.72% | 8.56% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 42.21% | 22.67% |
Correlation
The correlation between DBMFE.PA and AXQT.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 2, 2025 | 0.24 |
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Return for Risk
DBMFE.PA vs. AXQT.DE — Risk / Return Rank
DBMFE.PA
AXQT.DE
DBMFE.PA vs. AXQT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) and AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.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.
| DBMFE.PA | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.25 | ||
| Sortino ratioReturn per unit of downside risk | -2.57 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.67 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.93 | 6.26 | -2.34 |
| Martin ratioReturn relative to average drawdown | 8.01 | 23.00 | -14.98 |
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
| DBMFE.PA | AXQT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.53 | 3.77 | -2.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.06 | 2.26 | -1.20 |
Drawdowns
DBMFE.PA vs. AXQT.DE - Drawdown Comparison
The maximum DBMFE.PA drawdown since its inception was -7.01%, smaller than the maximum AXQT.DE drawdown of -18.65%. Use the drawdown chart below to compare losses from any high point for DBMFE.PA and AXQT.DE.
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Drawdown Indicators
| DBMFE.PA | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -7.01% | -18.65% | +11.64% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -11.49% | +4.48% |
Current DrawdownCurrent decline from peak | -1.37% | -1.38% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -3.01% | -3.07% | +0.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.14% | +0.32% |
Volatility
DBMFE.PA vs. AXQT.DE - Volatility Comparison
The current volatility for iMGP DBi Managed Futures Fund R EUR UCITS ETF Acc (DBMFE.PA) is 3.80%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a volatility of 8.89%. This indicates that DBMFE.PA experiences smaller price fluctuations and is considered to be less risky than AXQT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBMFE.PA | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.80% | 8.89% | -5.09% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 16.39% | -4.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.05% | 19.08% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 20.02% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.73% | 20.02% | -2.29% |
DBMFE.PA vs. AXQT.DE - Expense Ratio Comparison
DBMFE.PA has a 0.75% expense ratio, which is higher than AXQT.DE's 0.27% expense ratio.
Dividends
DBMFE.PA vs. AXQT.DE - Dividend Comparison
Neither DBMFE.PA nor AXQT.DE has paid dividends to shareholders.
Frequently Asked Questions
DBMFE.PA and AXQT.DE have a correlation of 0.21, 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 0.75% for DBMFE.PA.
DBMFE.PA is categorized as Hedge Fund, while AXQT.DE is Emerging Markets Equities. They also come from different issuers: iM Global Partner and AXA IM. Their fees differ too: 0.75% for DBMFE.PA and 0.27% for AXQT.DE.
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