DEAM.DE vs. EMXC.DE
DEAM.DE (Invesco MDAX UCITS ETF A) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both exchange-traded funds - DEAM.DE is a Europe Equities fund tracking the MDAX®, while EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD. Both are passively managed. Over the past 5 years, DEAM.DE returned -1.95%/yr vs 11.87%/yr for EMXC.DE. A 0.60 correlation means they provide meaningful diversification when combined. DEAM.DE charges 0.19%/yr vs 0.15%/yr for EMXC.DE.
Performance
DEAM.DE vs. EMXC.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DEAM.DE achieves a 3.71% return, which is significantly lower than EMXC.DE's 30.36% return.
DEAM.DE
- 1D
- 0.06%
- 1M
- -1.89%
- 6M
- -0.55%
- YTD
- 3.71%
- 1Y
- 2.10%
- 3Y*
- 3.87%
- 5Y*
- -1.95%
- 10Y*
- —
EMXC.DE
- 1D
- -1.60%
- 1M
- -12.60%
- 6M
- 21.10%
- YTD
- 30.36%
- 1Y
- 49.32%
- 3Y*
- 21.90%
- 5Y*
- 11.87%
- 10Y*
- —
DEAM.DE vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DEAM.DE Invesco MDAX UCITS ETF A | 3.71% | 19.33% | -6.04% | 7.34% | -28.80% | 13.67% | 8.06% | 11.07% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 30.36% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
Correlation
The correlation between DEAM.DE and EMXC.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.60 |
The correlation between DEAM.DE and EMXC.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DEAM.DE vs. EMXC.DE — Risk / Return Rank
DEAM.DE
EMXC.DE
DEAM.DE vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco MDAX UCITS ETF A (DEAM.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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.
| DEAM.DE | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.43 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 0.15 | 3.51 | -3.36 |
| Martin ratioReturn relative to average drawdown | 0.43 | 12.15 | -11.72 |
Loading charts...
Drawdowns
DEAM.DE vs. EMXC.DE - Drawdown Comparison
The maximum DEAM.DE drawdown since its inception was -40.04%, roughly equal to the maximum EMXC.DE drawdown of -40.89%. Use the drawdown chart below to compare losses from any high point for DEAM.DE and EMXC.DE.
Loading charts...
Drawdown Indicators
| DEAM.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.04% | -40.89% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -13.66% | -1.29% |
Max Drawdown (3Y)Largest decline over 3 years | -18.48% | -20.47% | +1.99% |
Max Drawdown (5Y)Largest decline over 5 years | -40.04% | -20.47% | -19.57% |
Current DrawdownCurrent decline from peak | -13.92% | -13.66% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -16.18% | -7.73% | -8.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.36% | 3.95% | +1.41% |
Volatility
DEAM.DE vs. EMXC.DE - Volatility Comparison
The current volatility for Invesco MDAX UCITS ETF A (DEAM.DE) is 4.94%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 9.94%. This indicates that DEAM.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DEAM.DE | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 9.94% | -5.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.96% | 20.82% | -4.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.83% | 23.00% | -4.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.40% | 16.71% | +2.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 19.20% | +0.36% |
DEAM.DE vs. EMXC.DE - Expense Ratio Comparison
DEAM.DE has a 0.19% expense ratio, which is higher than EMXC.DE's 0.15% 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
DEAM.DE vs. EMXC.DE - Dividend Comparison
Neither DEAM.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
DEAM.DE and EMXC.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for DEAM.DE.
DEAM.DE is categorized as Europe Equities, while EMXC.DE is Emerging Markets Equities. DEAM.DE tracks MDAX®, while EMXC.DE tracks MSCI EM NR USD. They also come from different issuers: Invesco and Amundi. Their fees differ too: 0.19% for DEAM.DE and 0.15% for EMXC.DE.
Find the right allocation for DEAM.DE and EMXC.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer