RMAU.L vs. AXQT.DE
RMAU.L (The Royal Mint Physical Gold ETC Securities) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both exchange-traded funds - RMAU.L is a Commodities fund tracking the LBMA Gold PM Price, while AXQT.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets ex China Climate Paris Aligned. Both are passively managed. Over the past year, RMAU.L returned 29.71% vs 70.78% for AXQT.DE. At a 0.29 correlation, their price movements are largely independent. RMAU.L charges 0.22%/yr vs 0.27%/yr for AXQT.DE.
Performance
RMAU.L vs. AXQT.DE - Performance Comparison
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Different Trading Currencies
RMAU.L is traded in USD, while AXQT.DE is traded in EUR. To make them comparable, the AXQT.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, RMAU.L achieves a 0.42% return, which is significantly lower than AXQT.DE's 39.33% return.
RMAU.L
- 1D
- -0.44%
- 1M
- -8.12%
- YTD
- 0.42%
- 6M
- 3.09%
- 1Y
- 29.71%
- 3Y*
- 29.86%
- 5Y*
- 17.74%
- 10Y*
- —
AXQT.DE
- 1D
- -0.76%
- 1M
- 2.28%
- YTD
- 39.33%
- 6M
- 42.63%
- 1Y
- 70.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMAU.L vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RMAU.L The Royal Mint Physical Gold ETC Securities | 0.42% | 50.75% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 39.33% | 30.16% |
Correlation
The correlation between RMAU.L and AXQT.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2025 | 0.29 |
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Return for Risk
RMAU.L vs. AXQT.DE — Risk / Return Rank
RMAU.L
AXQT.DE
RMAU.L vs. AXQT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Royal Mint Physical Gold ETC Securities (RMAU.L) 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.
| RMAU.L | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.61 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 5.39 | -3.80 |
| Martin ratioReturn relative to average drawdown | 4.21 | 19.46 | -15.25 |
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
| RMAU.L | AXQT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.19 | 3.55 | -2.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.96 | 2.66 | -1.70 |
Drawdowns
RMAU.L vs. AXQT.DE - Drawdown Comparison
The maximum RMAU.L drawdown since its inception was -21.25%, which is greater than AXQT.DE's maximum drawdown of -14.45%. Use the drawdown chart below to compare losses from any high point for RMAU.L and AXQT.DE.
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Drawdown Indicators
| RMAU.L | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.25% | -14.45% | -6.80% |
Max Drawdown (1Y)Largest decline over 1 year | -18.60% | -13.35% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -18.60% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.17% | — | — |
Current DrawdownCurrent decline from peak | -18.60% | -2.40% | -16.20% |
Average DrawdownAverage peak-to-trough decline | -6.87% | -2.20% | -4.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.04% | 3.70% | +3.34% |
Volatility
RMAU.L vs. AXQT.DE - Volatility Comparison
The current volatility for The Royal Mint Physical Gold ETC Securities (RMAU.L) is 6.16%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a volatility of 9.26%. This indicates that RMAU.L 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
| RMAU.L | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.16% | 9.26% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 21.96% | 17.77% | +4.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.99% | 20.29% | +4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.50% | 21.34% | -3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.76% | 21.34% | -3.58% |
RMAU.L vs. AXQT.DE - Expense Ratio Comparison
RMAU.L has a 0.22% expense ratio, which is lower than AXQT.DE's 0.27% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
RMAU.L vs. AXQT.DE - Dividend Comparison
Neither RMAU.L nor AXQT.DE has paid dividends to shareholders.
Frequently Asked Questions
RMAU.L and AXQT.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, RMAU.L is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RMAU.L is cheaper with a 0.22% expense ratio, compared with 0.27% for AXQT.DE.
RMAU.L is categorized as Commodities, while AXQT.DE is Emerging Markets Equities. RMAU.L tracks LBMA Gold PM Price, while AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned. They also come from different issuers: HANetf and AXA IM. Their fees differ too: 0.22% for RMAU.L and 0.27% for AXQT.DE.
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