IUSS.DE vs. AXQE.DE
IUSS.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)) and AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) are both Emerging Markets Equities funds - IUSS.DE tracks the MSCI Saudi Arabia 20/35 Index while AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). Both are passively managed. Over the past year, IUSS.DE returned 4.00% vs 46.18% for AXQE.DE. At a 0.15 correlation, their price movements are largely independent. IUSS.DE charges 0.60%/yr vs 0.30%/yr for AXQE.DE.
Performance
IUSS.DE vs. AXQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSS.DE achieves a 7.27% return, which is significantly lower than AXQE.DE's 27.54% return.
IUSS.DE
- 1D
- -0.55%
- 1M
- -3.02%
- 6M
- -0.55%
- YTD
- 7.27%
- 1Y
- 4.00%
- 3Y*
- -1.13%
- 5Y*
- 2.52%
- 10Y*
- —
AXQE.DE
- 1D
- 0.00%
- 1M
- -9.83%
- 6M
- 20.68%
- YTD
- 27.54%
- 1Y
- 46.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUSS.DE vs. AXQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IUSS.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) | 7.27% | -14.31% |
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 27.54% | 32.15% |
Correlation
The correlation between IUSS.DE and AXQE.DE is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.15 |
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Return for Risk
IUSS.DE vs. AXQE.DE — Risk / Return Rank
IUSS.DE
AXQE.DE
IUSS.DE vs. AXQE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IUSS.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.
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.
| IUSS.DE | AXQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.32 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 2.34 | -2.01 |
| Martin ratioReturn relative to average drawdown | 0.87 | 8.47 | -7.60 |
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Drawdowns
IUSS.DE vs. AXQE.DE - Drawdown Comparison
The maximum IUSS.DE drawdown since its inception was -46.04%, 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 IUSS.DE and AXQE.DE.
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Drawdown Indicators
| IUSS.DE | AXQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -19.63% | -26.41% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -19.63% | +7.72% |
Max Drawdown (3Y)Largest decline over 3 years | -21.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.28% | — | — |
Current DrawdownCurrent decline from peak | -25.10% | -11.90% | -13.20% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -2.89% | -16.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.56% | 5.44% | -0.88% |
Volatility
IUSS.DE vs. AXQE.DE - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IUSS.DE) is 2.96%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has a volatility of 9.82%. This indicates that IUSS.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
| IUSS.DE | AXQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.96% | 9.82% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.19% | 32.60% | -22.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 34.58% | -19.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 32.08% | -16.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 32.08% | -12.47% |
IUSS.DE vs. AXQE.DE - Expense Ratio Comparison
IUSS.DE has a 0.60% expense ratio, which is higher than AXQE.DE's 0.30% expense ratio.
Dividends
IUSS.DE vs. AXQE.DE - Dividend Comparison
Neither IUSS.DE nor AXQE.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSS.DE and AXQE.DE have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AXQE.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AXQE.DE is cheaper with a 0.30% expense ratio, compared with 0.60% for IUSS.DE.
IUSS.DE tracks MSCI Saudi Arabia 20/35 Index, 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: 0.60% for IUSS.DE and 0.30% for AXQE.DE.
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