DX2Z.DE vs. AXQT.DE
DX2Z.DE (Xtrackers S&P Select Frontier Swap UCITS ETF (Acc)) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both Emerging Markets Equities funds - DX2Z.DE tracks the S&P Select Frontier Index while AXQT.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned. Both are passively managed. Over the past year, DX2Z.DE returned 29.81% vs 60.34% for AXQT.DE. At a 0.32 correlation, their price movements are largely independent. DX2Z.DE charges 0.95%/yr vs 0.27%/yr for AXQT.DE.
Performance
DX2Z.DE vs. AXQT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, DX2Z.DE achieves a 10.31% return, which is significantly lower than AXQT.DE's 39.53% return.
DX2Z.DE
- 1D
- 0.61%
- 1M
- 2.36%
- 6M
- 8.54%
- YTD
- 10.31%
- 1Y
- 29.81%
- 3Y*
- 18.61%
- 5Y*
- 12.91%
- 10Y*
- 11.40%
AXQT.DE
- 1D
- 0.00%
- 1M
- -1.89%
- 6M
- 37.17%
- YTD
- 39.53%
- 1Y
- 60.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DX2Z.DE vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DX2Z.DE Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) | 10.31% | 18.26% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 39.53% | 24.51% |
Correlation
The correlation between DX2Z.DE and AXQT.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.32 |
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Return for Risk
DX2Z.DE vs. AXQT.DE — Risk / Return Rank
DX2Z.DE
AXQT.DE
DX2Z.DE vs. AXQT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.DE) 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.
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.
| DX2Z.DE | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.50 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.26 | 5.28 | -3.02 |
| Martin ratioReturn relative to average drawdown | 6.70 | 17.84 | -11.14 |
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Drawdowns
DX2Z.DE vs. AXQT.DE - Drawdown Comparison
The maximum DX2Z.DE drawdown since its inception was -76.62%, which is greater than AXQT.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for DX2Z.DE and AXQT.DE.
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Drawdown Indicators
| DX2Z.DE | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.62% | -12.88% | -63.74% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -11.49% | -1.66% |
Max Drawdown (3Y)Largest decline over 3 years | -20.17% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.10% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.54% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -7.30% | +7.30% |
Average DrawdownAverage peak-to-trough decline | -44.91% | -2.17% | -42.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 3.40% | +1.04% |
Volatility
DX2Z.DE vs. AXQT.DE - Volatility Comparison
The current volatility for Xtrackers S&P Select Frontier Swap UCITS ETF (Acc) (DX2Z.DE) is 3.87%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a volatility of 9.65%. This indicates that DX2Z.DE 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
| DX2Z.DE | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 9.65% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 18.59% | -4.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.85% | 21.11% | -2.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.49% | 21.60% | -3.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.78% | 21.60% | -2.82% |
DX2Z.DE vs. AXQT.DE - Expense Ratio Comparison
DX2Z.DE has a 0.95% expense ratio, which is higher than AXQT.DE's 0.27% expense ratio.
Dividends
DX2Z.DE vs. AXQT.DE - Dividend Comparison
Neither DX2Z.DE nor AXQT.DE has paid dividends to shareholders.
Frequently Asked Questions
DX2Z.DE and AXQT.DE have a correlation of 0.26, 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 0.95% for DX2Z.DE.
DX2Z.DE tracks S&P Select Frontier Index, while AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned. They also come from different issuers: Xtrackers and AXA IM. Their fees differ too: 0.95% for DX2Z.DE and 0.27% for AXQT.DE.
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