VFEA.DE vs. AXQE.DE
VFEA.DE (Vanguard FTSE Emerging Markets UCITS ETF Acc) and AXQE.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating) are both Emerging Markets Equities funds - VFEA.DE tracks the FTSE Emerging while AXQE.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). Both are passively managed. Over the past year, VFEA.DE returned 25.70% vs 59.71% for AXQE.DE. A 0.76 correlation means they provide meaningful diversification when combined. VFEA.DE charges 0.22%/yr vs 0.30%/yr for AXQE.DE.
Performance
VFEA.DE vs. AXQE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, VFEA.DE achieves a 12.53% return, which is significantly lower than AXQE.DE's 36.40% return.
VFEA.DE
- 1D
- -0.52%
- 1M
- 0.50%
- YTD
- 12.53%
- 6M
- 13.30%
- 1Y
- 25.70%
- 3Y*
- 15.53%
- 5Y*
- 5.59%
- 10Y*
- —
AXQE.DE
- 1D
- 0.00%
- 1M
- 0.37%
- YTD
- 36.40%
- 6M
- 37.91%
- 1Y
- 59.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VFEA.DE vs. AXQE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VFEA.DE Vanguard FTSE Emerging Markets UCITS ETF Acc | 12.53% | 12.44% |
AXQE.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating | 36.40% | 32.15% |
Correlation
The correlation between VFEA.DE and AXQE.DE is 0.75, 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 | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.76 |
The correlation between VFEA.DE and AXQE.DE has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
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Return for Risk
VFEA.DE vs. AXQE.DE — Risk / Return Rank
VFEA.DE
AXQE.DE
VFEA.DE vs. AXQE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.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.
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.
| VFEA.DE | AXQE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.43 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.03 | 3.03 | +0.01 |
| Martin ratioReturn relative to average drawdown | 10.05 | 11.84 | -1.78 |
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Drawdowns
VFEA.DE vs. AXQE.DE - Drawdown Comparison
The maximum VFEA.DE drawdown since its inception was -30.51%, 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 VFEA.DE and AXQE.DE.
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Drawdown Indicators
| VFEA.DE | AXQE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.51% | -19.63% | -10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -19.63% | +11.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.98% | — | — |
Current DrawdownCurrent decline from peak | -3.54% | -5.77% | +2.23% |
Average DrawdownAverage peak-to-trough decline | -8.70% | -2.63% | -6.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 5.03% | -2.48% |
Volatility
VFEA.DE vs. AXQE.DE - Volatility Comparison
The current volatility for Vanguard FTSE Emerging Markets UCITS ETF Acc (VFEA.DE) is 5.96%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF EUR Hedged Accumulating (AXQE.DE) has a volatility of 10.08%. This indicates that VFEA.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
| VFEA.DE | AXQE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 10.08% | -4.12% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 31.66% | -18.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 33.64% | -18.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.86% | 32.03% | -16.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 32.03% | -13.50% |
VFEA.DE vs. AXQE.DE - Expense Ratio Comparison
VFEA.DE has a 0.22% expense ratio, which is lower than AXQE.DE's 0.30% expense ratio.
Dividends
VFEA.DE vs. AXQE.DE - Dividend Comparison
Neither VFEA.DE nor AXQE.DE has paid dividends to shareholders.
Frequently Asked Questions
VFEA.DE and AXQE.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VFEA.DE is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VFEA.DE is cheaper with a 0.22% expense ratio, compared with 0.30% for AXQE.DE.
VFEA.DE tracks FTSE Emerging, while AXQE.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned (EUR Hedged). They also come from different issuers: Vanguard and AXA IM. Their fees differ too: 0.22% for VFEA.DE and 0.30% for AXQE.DE.
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