QDVS.DE vs. AXQE.DE
QDVS.DE (iShares MSCI EM SRI UCITS ETF) and AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) are both Emerging Markets Equities funds - QDVS.DE tracks the MSCI Emerging Markets SRI Select Reduced Fossil Fuels while AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). Both are passively managed. Over the past year, QDVS.DE returned 35.67% vs 67.78% for AXQE.DE. A 0.77 correlation means they provide meaningful diversification when combined. QDVS.DE charges 0.25%/yr vs 0.30%/yr for AXQE.DE.
Performance
QDVS.DE vs. AXQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, QDVS.DE achieves a 17.24% return, which is significantly lower than AXQE.DE's 37.94% return.
QDVS.DE
- 1D
- -1.71%
- 1M
- 0.53%
- YTD
- 17.24%
- 6M
- 17.96%
- 1Y
- 35.67%
- 3Y*
- 14.20%
- 5Y*
- 5.01%
- 10Y*
- —
AXQE.DE
- 1D
- -0.91%
- 1M
- 3.62%
- YTD
- 37.94%
- 6M
- 41.71%
- 1Y
- 67.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
QDVS.DE vs. AXQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
QDVS.DE iShares MSCI EM SRI UCITS ETF | 17.24% | 13.77% |
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 37.94% | 28.56% |
Correlation
The correlation between QDVS.DE and AXQE.DE is 0.78, 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 | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025 | 0.77 |
The correlation between QDVS.DE and AXQE.DE has been stable across timeframes, ranging from 0.77 to 0.78 - a consistent structural relationship.
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Return for Risk
QDVS.DE vs. AXQE.DE — Risk / Return Rank
QDVS.DE
AXQE.DE
QDVS.DE vs. AXQE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM SRI UCITS ETF (QDVS.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.
| QDVS.DE | AXQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.51 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.50 | 3.48 | +0.02 |
| Martin ratioReturn relative to average drawdown | 12.67 | 14.04 | -1.37 |
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
| QDVS.DE | AXQE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 2.10 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 1.81 | -1.41 |
Drawdowns
QDVS.DE vs. AXQE.DE - Drawdown Comparison
The maximum QDVS.DE drawdown since its inception was -36.51%, 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 QDVS.DE and AXQE.DE.
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Drawdown Indicators
| QDVS.DE | AXQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.51% | -19.63% | -16.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.19% | -19.63% | +9.44% |
Max Drawdown (3Y)Largest decline over 3 years | -20.83% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.09% | — | — |
Current DrawdownCurrent decline from peak | -3.00% | -2.54% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -8.82% | -2.70% | -6.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 4.87% | -2.05% |
Volatility
QDVS.DE vs. AXQE.DE - Volatility Comparison
The current volatility for iShares MSCI EM SRI UCITS ETF (QDVS.DE) is 6.00%, 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 QDVS.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
| QDVS.DE | AXQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 9.35% | -3.35% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 30.41% | -16.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.93% | 32.57% | -15.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.89% | 30.53% | -13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.68% | 30.53% | -11.85% |
QDVS.DE vs. AXQE.DE - Expense Ratio Comparison
QDVS.DE has a 0.25% expense ratio, which is lower than AXQE.DE's 0.30% expense ratio.
Dividends
QDVS.DE vs. AXQE.DE - Dividend Comparison
Neither QDVS.DE nor AXQE.DE has paid dividends to shareholders.
Frequently Asked Questions
QDVS.DE and AXQE.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVS.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVS.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for AXQE.DE.
QDVS.DE tracks MSCI Emerging Markets SRI Select Reduced Fossil Fuels, 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: 0.25% for QDVS.DE and 0.30% for AXQE.DE.
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