IQQE.DE vs. AXQE.DE
IQQE.DE (iShares MSCI EM UCITS ETF (Dist)) and AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) are both Emerging Markets Equities funds - IQQE.DE tracks the MSCI Emerging Markets while AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). Both are passively managed. Over the past year, IQQE.DE returned 48.91% vs 67.78% for AXQE.DE. Their correlation of 0.80 suggests significant overlap in exposure. IQQE.DE charges 0.18%/yr vs 0.30%/yr for AXQE.DE.
Performance
IQQE.DE vs. AXQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQE.DE achieves a 27.09% return, which is significantly lower than AXQE.DE's 37.94% return.
IQQE.DE
- 1D
- -1.70%
- 1M
- 3.86%
- YTD
- 27.09%
- 6M
- 27.76%
- 1Y
- 48.91%
- 3Y*
- 20.70%
- 5Y*
- 8.39%
- 10Y*
- 9.82%
AXQE.DE
- 1D
- -0.91%
- 1M
- 3.62%
- YTD
- 37.94%
- 6M
- 41.71%
- 1Y
- 67.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQQE.DE vs. AXQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 27.09% | 14.29% |
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 37.94% | 28.56% |
Correlation
The correlation between IQQE.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 IQQE.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
IQQE.DE vs. AXQE.DE — Risk / Return Rank
IQQE.DE
AXQE.DE
IQQE.DE vs. AXQE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM UCITS ETF (Dist) (IQQE.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.
| IQQE.DE | AXQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.68 | ||
| Sortino ratioReturn per unit of downside risk | +0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.51 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 3.48 | +1.11 |
| Martin ratioReturn relative to average drawdown | 16.67 | 14.04 | +2.64 |
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
| IQQE.DE | AXQE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.78 | 2.10 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.81 | -1.54 |
Drawdowns
IQQE.DE vs. AXQE.DE - Drawdown Comparison
The maximum IQQE.DE drawdown since its inception was -59.33%, 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 IQQE.DE and AXQE.DE.
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Drawdown Indicators
| IQQE.DE | AXQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.33% | -19.63% | -39.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.78% | -19.63% | +8.85% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.66% | — | — |
Current DrawdownCurrent decline from peak | -2.60% | -2.54% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -12.99% | -2.70% | -10.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 4.87% | -1.89% |
Volatility
IQQE.DE vs. AXQE.DE - Volatility Comparison
The current volatility for iShares MSCI EM UCITS ETF (Dist) (IQQE.DE) is 7.24%, 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 IQQE.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
| IQQE.DE | AXQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 9.35% | -2.11% |
Volatility (6M)Calculated over the trailing 6-month period | 15.03% | 30.41% | -15.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 32.57% | -14.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 30.53% | -13.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 30.53% | -12.20% |
IQQE.DE vs. AXQE.DE - Expense Ratio Comparison
IQQE.DE has a 0.18% expense ratio, which is lower than AXQE.DE's 0.30% expense ratio.
Dividends
IQQE.DE vs. AXQE.DE - Dividend Comparison
IQQE.DE's dividend yield for the trailing twelve months is around 1.49%, while AXQE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IQQE.DE iShares MSCI EM UCITS ETF (Dist) | 1.49% | 1.87% | 2.19% | 2.34% | 2.91% | 1.99% | 1.53% | 1.75% | 1.94% | 1.42% | 1.83% | 2.22% |
Frequently Asked Questions
IQQE.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, IQQE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQE.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for AXQE.DE.
IQQE.DE tracks MSCI Emerging Markets, while AXQE.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). They also come from different issuers: iShares and AXA IM. Their fees differ too: 0.18% for IQQE.DE and 0.30% for AXQE.DE.
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