IUSS.DE vs. AXQT.DE
IUSS.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc)) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both Emerging Markets Equities funds - IUSS.DE tracks the MSCI Saudi Arabia 20/35 Index while AXQT.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned. Both are passively managed. Over the past year, IUSS.DE returned 3.96% vs 60.34% for AXQT.DE. At a 0.26 correlation, their price movements are largely independent. IUSS.DE charges 0.60%/yr vs 0.27%/yr for AXQT.DE.
Performance
IUSS.DE vs. AXQT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IUSS.DE achieves a 8.25% return, which is significantly lower than AXQT.DE's 39.53% return.
IUSS.DE
- 1D
- 0.18%
- 1M
- 0.00%
- 6M
- 6.99%
- YTD
- 8.25%
- 1Y
- 3.96%
- 3Y*
- -1.24%
- 5Y*
- 2.54%
- 10Y*
- —
AXQT.DE
- 1D
- 0.00%
- 1M
- -1.89%
- 6M
- 37.17%
- YTD
- 39.53%
- 1Y
- 60.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUSS.DE vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IUSS.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) | 8.25% | -14.31% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 39.53% | 24.51% |
Correlation
The correlation between IUSS.DE and AXQT.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.26 |
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Return for Risk
IUSS.DE vs. AXQT.DE — Risk / Return Rank
IUSS.DE
AXQT.DE
IUSS.DE vs. AXQT.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 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.
| IUSS.DE | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.50 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 5.28 | -4.94 |
| Martin ratioReturn relative to average drawdown | 0.86 | 17.84 | -16.98 |
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Drawdowns
IUSS.DE vs. AXQT.DE - Drawdown Comparison
The maximum IUSS.DE drawdown since its inception was -46.04%, 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 IUSS.DE and AXQT.DE.
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Drawdown Indicators
| IUSS.DE | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -12.88% | -33.16% |
Max Drawdown (1Y)Largest decline over 1 year | -11.91% | -11.49% | -0.42% |
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 | -24.42% | -7.30% | -17.12% |
Average DrawdownAverage peak-to-trough decline | -19.69% | -2.17% | -17.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.58% | 3.40% | +1.18% |
Volatility
IUSS.DE vs. AXQT.DE - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Acc) (IUSS.DE) is 3.54%, 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 IUSS.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
| IUSS.DE | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 9.65% | -6.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.32% | 18.59% | -7.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.55% | 21.11% | -5.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.08% | 21.60% | -5.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 21.60% | -1.95% |
IUSS.DE vs. AXQT.DE - Expense Ratio Comparison
IUSS.DE has a 0.60% expense ratio, which is higher than AXQT.DE's 0.27% expense ratio.
Dividends
IUSS.DE vs. AXQT.DE - Dividend Comparison
Neither IUSS.DE nor AXQT.DE has paid dividends to shareholders.
Frequently Asked Questions
IUSS.DE and AXQT.DE have a correlation of 0.20, 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 0.60% for IUSS.DE.
IUSS.DE tracks MSCI Saudi Arabia 20/35 Index, while AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned. They also come from different issuers: iShares and AXA IM. Their fees differ too: 0.60% for IUSS.DE and 0.27% for AXQT.DE.
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