EMXC.DE vs. DBXD.DE
EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) and DBXD.DE (Xtrackers DAX UCITS ETF 1C) are both exchange-traded funds - EMXC.DE is a Emerging Markets Equities fund tracking the MSCI EM NR USD, while DBXD.DE is a Europe Equities fund tracking the DAX®. Both are passively managed. Over the past 5 years, EMXC.DE returned 11.87%/yr vs 9.27%/yr for DBXD.DE. A 0.61 correlation means they provide meaningful diversification when combined. EMXC.DE charges 0.15%/yr vs 0.09%/yr for DBXD.DE.
Performance
EMXC.DE vs. DBXD.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EMXC.DE achieves a 30.36% return, which is significantly higher than DBXD.DE's 0.89% return.
EMXC.DE
- 1D
- -1.60%
- 1M
- -12.60%
- 6M
- 21.10%
- YTD
- 30.36%
- 1Y
- 49.32%
- 3Y*
- 21.90%
- 5Y*
- 11.87%
- 10Y*
- —
DBXD.DE
- 1D
- -0.34%
- 1M
- -0.73%
- 6M
- -2.21%
- YTD
- 0.89%
- 1Y
- 1.76%
- 3Y*
- 14.95%
- 5Y*
- 9.27%
- 10Y*
- 9.03%
EMXC.DE vs. DBXD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
DBXD.DE Xtrackers DAX UCITS ETF 1C | 0.89% | 22.65% | 18.18% | 19.60% | -12.74% | 15.26% | 3.11% | 7.63% |
Correlation
The correlation between EMXC.DE and DBXD.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.61 |
The correlation between EMXC.DE and DBXD.DE has been stable across timeframes, ranging from 0.55 to 0.61 - a consistent structural relationship.
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Return for Risk
EMXC.DE vs. DBXD.DE — Risk / Return Rank
EMXC.DE
DBXD.DE
EMXC.DE vs. DBXD.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) and Xtrackers DAX UCITS ETF 1C (DBXD.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.
| EMXC.DE | DBXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.00 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.03 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 0.12 | +3.40 |
| Martin ratioReturn relative to average drawdown | 12.15 | 0.36 | +11.79 |
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Drawdowns
EMXC.DE vs. DBXD.DE - Drawdown Comparison
The maximum EMXC.DE drawdown since its inception was -40.89%, smaller than the maximum DBXD.DE drawdown of -54.83%. Use the drawdown chart below to compare losses from any high point for EMXC.DE and DBXD.DE.
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Drawdown Indicators
| EMXC.DE | DBXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.89% | -54.83% | +13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -13.66% | -12.32% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -20.47% | -15.92% | -4.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.47% | -26.70% | +6.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.83% | — |
Current DrawdownCurrent decline from peak | -13.66% | -3.84% | -9.82% |
Average DrawdownAverage peak-to-trough decline | -7.73% | -11.27% | +3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.95% | 3.95% | 0.00% |
Volatility
EMXC.DE vs. DBXD.DE - Volatility Comparison
Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a higher volatility of 9.94% compared to Xtrackers DAX UCITS ETF 1C (DBXD.DE) at 4.65%. This indicates that EMXC.DE's price experiences larger fluctuations and is considered to be riskier than DBXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMXC.DE | DBXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 4.65% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 20.82% | 13.55% | +7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.00% | 16.28% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 17.19% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.20% | 18.09% | +1.11% |
EMXC.DE vs. DBXD.DE - Expense Ratio Comparison
EMXC.DE has a 0.15% expense ratio, which is higher than DBXD.DE's 0.09% 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
EMXC.DE vs. DBXD.DE - Dividend Comparison
Neither EMXC.DE nor DBXD.DE has paid dividends to shareholders.
Frequently Asked Questions
EMXC.DE and DBXD.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DBXD.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DBXD.DE is cheaper with a 0.09% expense ratio, compared with 0.15% for EMXC.DE.
EMXC.DE is categorized as Emerging Markets Equities, while DBXD.DE is Europe Equities. EMXC.DE tracks MSCI EM NR USD, while DBXD.DE tracks DAX®. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.15% for EMXC.DE and 0.09% for DBXD.DE.
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