LGQM.DE vs. EMXC.DE
LGQM.DE (Amundi Pan Africa UCITS ETF (Acc)) and EMXC.DE (Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc) are both Emerging Markets Equities funds from Amundi - LGQM.DE tracks the SGI Pan Africa Index while EMXC.DE tracks the MSCI EM NR USD. Both are passively managed. Over the past 5 years, LGQM.DE returned 10.34%/yr vs 13.80%/yr for EMXC.DE. A 0.54 correlation means they provide meaningful diversification when combined. LGQM.DE charges 0.85%/yr vs 0.15%/yr for EMXC.DE.
Performance
LGQM.DE vs. EMXC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LGQM.DE achieves a 1.72% return, which is significantly lower than EMXC.DE's 43.03% return.
LGQM.DE
- 1D
- 2.07%
- 1M
- -0.87%
- 6M
- 1.37%
- YTD
- 1.72%
- 1Y
- 34.79%
- 3Y*
- 18.21%
- 5Y*
- 10.34%
- 10Y*
- 5.74%
EMXC.DE
- 1D
- 2.86%
- 1M
- 0.14%
- 6M
- 39.96%
- YTD
- 43.03%
- 1Y
- 64.73%
- 3Y*
- 25.39%
- 5Y*
- 13.80%
- 10Y*
- —
LGQM.DE vs. EMXC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
LGQM.DE Amundi Pan Africa UCITS ETF (Acc) | 1.72% | 51.40% | 12.14% | -3.16% | -5.95% | 9.29% | -6.21% | -0.11% |
EMXC.DE Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc | 43.03% | 19.92% | 9.13% | 14.31% | -13.59% | 17.56% | 2.25% | -4.50% |
Correlation
The correlation between LGQM.DE and EMXC.DE is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Jun 20, 2019 | 0.54 |
The correlation between LGQM.DE and EMXC.DE has been stable across timeframes, ranging from 0.47 to 0.54 - a consistent structural relationship.
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Return for Risk
LGQM.DE vs. EMXC.DE — Risk / Return Rank
LGQM.DE
EMXC.DE
LGQM.DE vs. EMXC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Pan Africa UCITS ETF (Acc) (LGQM.DE) and Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.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.
| LGQM.DE | EMXC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.51 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.78 | 5.42 | -3.64 |
| Martin ratioReturn relative to average drawdown | 4.45 | 18.82 | -14.37 |
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Drawdowns
LGQM.DE vs. EMXC.DE - Drawdown Comparison
The maximum LGQM.DE drawdown since its inception was -61.98%, which is greater than EMXC.DE's maximum drawdown of -40.89%. Use the drawdown chart below to compare losses from any high point for LGQM.DE and EMXC.DE.
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Drawdown Indicators
| LGQM.DE | EMXC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.98% | -40.89% | -21.09% |
Max Drawdown (1Y)Largest decline over 1 year | -19.42% | -11.87% | -7.55% |
Max Drawdown (3Y)Largest decline over 3 years | -19.42% | -20.47% | +1.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.12% | -20.47% | -3.65% |
Max Drawdown (10Y)Largest decline over 10 years | -50.35% | — | — |
Current DrawdownCurrent decline from peak | -11.27% | -5.27% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -26.95% | -7.72% | -19.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.80% | 3.43% | +4.37% |
Volatility
LGQM.DE vs. EMXC.DE - Volatility Comparison
The current volatility for Amundi Pan Africa UCITS ETF (Acc) (LGQM.DE) is 10.16%, while Lyxor MSCI Emerging Markets Ex China UCITS ETF - Acc (EMXC.DE) has a volatility of 10.93%. This indicates that LGQM.DE experiences smaller price fluctuations and is considered to be less risky than EMXC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LGQM.DE | EMXC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.16% | 10.93% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 27.65% | 19.82% | +7.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.05% | 22.15% | +9.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.74% | 16.49% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.12% | 19.10% | +4.02% |
LGQM.DE vs. EMXC.DE - Expense Ratio Comparison
LGQM.DE has a 0.85% expense ratio, which is higher than EMXC.DE's 0.15% expense ratio.
Dividends
LGQM.DE vs. EMXC.DE - Dividend Comparison
Neither LGQM.DE nor EMXC.DE has paid dividends to shareholders.
Frequently Asked Questions
LGQM.DE and EMXC.DE have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMXC.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMXC.DE is cheaper with a 0.15% expense ratio, compared with 0.85% for LGQM.DE.
LGQM.DE tracks SGI Pan Africa Index, while EMXC.DE tracks MSCI EM NR USD. Their fees differ too: 0.85% for LGQM.DE and 0.15% for EMXC.DE.
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