EMKX.DE vs. AXQE.DE
EMKX.DE (BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF) and AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) are both Emerging Markets Equities funds - EMKX.DE tracks the MSCI Emerging Markets ESG Filtered Min TE while AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). Both are passively managed. Over the past year, EMKX.DE returned 47.96% vs 67.78% for AXQE.DE. A 0.80 correlation means they provide meaningful diversification when combined. EMKX.DE charges 0.26%/yr vs 0.30%/yr for AXQE.DE.
Performance
EMKX.DE vs. AXQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMKX.DE achieves a 26.91% return, which is significantly lower than AXQE.DE's 37.94% return.
EMKX.DE
- 1D
- -1.49%
- 1M
- 3.66%
- YTD
- 26.91%
- 6M
- 27.47%
- 1Y
- 47.96%
- 3Y*
- 20.45%
- 5Y*
- 7.82%
- 10Y*
- —
AXQE.DE
- 1D
- -0.91%
- 1M
- 3.62%
- YTD
- 37.94%
- 6M
- 41.71%
- 1Y
- 67.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EMKX.DE vs. AXQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EMKX.DE BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF | 26.91% | 13.82% |
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 37.94% | 28.56% |
Correlation
The correlation between EMKX.DE and AXQE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.80 |
The correlation between EMKX.DE and AXQE.DE has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.
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Return for Risk
EMKX.DE vs. AXQE.DE — Risk / Return Rank
EMKX.DE
AXQE.DE
EMKX.DE vs. AXQE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.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.
| EMKX.DE | AXQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.51 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.43 | 3.48 | +0.96 |
| Martin ratioReturn relative to average drawdown | 16.29 | 14.04 | +2.26 |
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
| EMKX.DE | AXQE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.73 | 2.10 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 1.81 | -1.33 |
Drawdowns
EMKX.DE vs. AXQE.DE - Drawdown Comparison
The maximum EMKX.DE drawdown since its inception was -31.68%, 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 EMKX.DE and AXQE.DE.
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Drawdown Indicators
| EMKX.DE | AXQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.68% | -19.63% | -12.05% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -19.63% | +8.65% |
Max Drawdown (3Y)Largest decline over 3 years | -19.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.29% | — | — |
Current DrawdownCurrent decline from peak | -2.57% | -2.54% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -9.46% | -2.70% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.99% | 4.87% | -1.88% |
Volatility
EMKX.DE vs. AXQE.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI Emerging ESG Filtered Min TE UCITS ETF (EMKX.DE) is 7.51%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has a volatility of 9.35%. This indicates that EMKX.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
| EMKX.DE | AXQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.51% | 9.35% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 15.21% | 30.41% | -15.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.88% | 32.57% | -14.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 30.53% | -13.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.30% | 30.53% | -12.23% |
EMKX.DE vs. AXQE.DE - Expense Ratio Comparison
EMKX.DE has a 0.26% expense ratio, which is lower than AXQE.DE's 0.30% expense ratio.
Dividends
EMKX.DE vs. AXQE.DE - Dividend Comparison
Neither EMKX.DE nor AXQE.DE has paid dividends to shareholders.
Frequently Asked Questions
EMKX.DE and AXQE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMKX.DE is cheaper at 0.26% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMKX.DE is cheaper with a 0.26% expense ratio, compared with 0.30% for AXQE.DE.
EMKX.DE tracks MSCI Emerging Markets ESG Filtered Min TE, while AXQE.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). They also come from different issuers: BNP Paribas and AXA IM. Their fees differ too: 0.26% for EMKX.DE and 0.30% for AXQE.DE.
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