IUSW.DE vs. AXQT.DE
IUSW.DE (iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist)) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both Emerging Markets Equities funds - IUSW.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, IUSW.DE returned 4.49% vs 60.34% for AXQT.DE. At a 0.25 correlation, their price movements are largely independent. IUSW.DE charges 0.60%/yr vs 0.27%/yr for AXQT.DE.
Performance
IUSW.DE vs. AXQT.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IUSW.DE achieves a 8.49% return, which is significantly lower than AXQT.DE's 39.53% return.
IUSW.DE
- 1D
- 0.44%
- 1M
- 0.44%
- 6M
- 7.23%
- YTD
- 8.49%
- 1Y
- 4.49%
- 3Y*
- -1.13%
- 5Y*
- 2.61%
- 10Y*
- —
AXQT.DE
- 1D
- 0.00%
- 1M
- -1.89%
- 6M
- 37.17%
- YTD
- 39.53%
- 1Y
- 60.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IUSW.DE vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 8.49% | -14.15% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 39.53% | 24.51% |
Correlation
The correlation between IUSW.DE and AXQT.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.25 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IUSW.DE vs. AXQT.DE — Risk / Return Rank
IUSW.DE
AXQT.DE
IUSW.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 (Dist) (IUSW.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.
| IUSW.DE | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.01 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.50 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | 0.38 | 5.28 | -4.90 |
| Martin ratioReturn relative to average drawdown | 0.96 | 17.84 | -16.88 |
Loading charts...
Drawdowns
IUSW.DE vs. AXQT.DE - Drawdown Comparison
The maximum IUSW.DE drawdown since its inception was -47.12%, 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 IUSW.DE and AXQT.DE.
Loading charts...
Drawdown Indicators
| IUSW.DE | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.12% | -12.88% | -34.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -11.49% | -0.43% |
Max Drawdown (3Y)Largest decline over 3 years | -21.61% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.40% | — | — |
Current DrawdownCurrent decline from peak | -24.34% | -7.30% | -17.04% |
Average DrawdownAverage peak-to-trough decline | -20.34% | -2.17% | -18.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 3.40% | +1.25% |
Volatility
IUSW.DE vs. AXQT.DE - Volatility Comparison
The current volatility for iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) (IUSW.DE) is 3.32%, 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 IUSW.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.
Loading charts...
Volatility by Period
| IUSW.DE | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 9.65% | -6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.73% | 18.59% | -7.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.08% | 21.11% | -6.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.97% | 21.60% | -5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.69% | 21.60% | -1.91% |
IUSW.DE vs. AXQT.DE - Expense Ratio Comparison
IUSW.DE has a 0.60% expense ratio, which is higher than AXQT.DE's 0.27% expense ratio.
Dividends
IUSW.DE vs. AXQT.DE - Dividend Comparison
IUSW.DE's dividend yield for the trailing twelve months is around 3.21%, while AXQT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IUSW.DE iShares MSCI Saudi Arabia Capped UCITS ETF USD (Dist) | 3.21% | 3.79% | 2.60% | 2.13% | 1.81% | 1.21% | 3.52% |
Frequently Asked Questions
IUSW.DE and AXQT.DE have a correlation of 0.19, 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 IUSW.DE.
IUSW.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 IUSW.DE and 0.27% for AXQT.DE.
Find the right allocation for IUSW.DE and AXQT.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer