XBAK.DE vs. AE5A.DE
XBAK.DE (Xtrackers MSCI Pakistan Swap UCITS ETF (Acc)) and AE5A.DE (Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist) are both Emerging Markets Equities funds - XBAK.DE tracks the MSCI Pakistan Investable Market Index while AE5A.DE tracks the MSCI Emerging Markets Index. Both are passively managed. Over the past 3 years, XBAK.DE returned 41.08%/yr vs 19.74%/yr for AE5A.DE. At a 0.21 correlation, their price movements are largely independent. XBAK.DE charges 0.85%/yr vs 0.14%/yr for AE5A.DE.
Performance
XBAK.DE vs. AE5A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XBAK.DE achieves a 5.19% return, which is significantly lower than AE5A.DE's 24.89% return.
XBAK.DE
- 1D
- 0.62%
- 1M
- 10.20%
- 6M
- 2.53%
- YTD
- 5.19%
- 1Y
- 35.00%
- 3Y*
- 41.08%
- 5Y*
- 10.75%
- 10Y*
- -1.05%
AE5A.DE
- 1D
- 0.00%
- 1M
- -3.48%
- 6M
- 22.41%
- YTD
- 24.89%
- 1Y
- 42.78%
- 3Y*
- 19.74%
- 5Y*
- —
- 10Y*
- —
XBAK.DE vs. AE5A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 5.19% | 20.31% | 75.92% | 41.39% |
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 24.89% | 19.26% | 14.36% | 4.85% |
Correlation
The correlation between XBAK.DE and AE5A.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2023 | 0.21 |
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Return for Risk
XBAK.DE vs. AE5A.DE — Risk / Return Rank
XBAK.DE
AE5A.DE
XBAK.DE vs. AE5A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) and Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.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.
| XBAK.DE | AE5A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.40 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 4.15 | -2.68 |
| Martin ratioReturn relative to average drawdown | 3.81 | 13.73 | -9.93 |
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Drawdowns
XBAK.DE vs. AE5A.DE - Drawdown Comparison
The maximum XBAK.DE drawdown since its inception was -79.30%, which is greater than AE5A.DE's maximum drawdown of -19.22%. Use the drawdown chart below to compare losses from any high point for XBAK.DE and AE5A.DE.
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Drawdown Indicators
| XBAK.DE | AE5A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.30% | -19.22% | -60.08% |
Max Drawdown (1Y)Largest decline over 1 year | -23.67% | -10.34% | -13.33% |
Max Drawdown (3Y)Largest decline over 3 years | -23.67% | -19.22% | -4.45% |
Max Drawdown (5Y)Largest decline over 5 years | -49.06% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -79.30% | — | — |
Current DrawdownCurrent decline from peak | -32.50% | -6.95% | -25.55% |
Average DrawdownAverage peak-to-trough decline | -37.83% | -3.05% | -34.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.17% | 3.13% | +6.04% |
Volatility
XBAK.DE vs. AE5A.DE - Volatility Comparison
The current volatility for Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) (XBAK.DE) is 5.51%, while Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist (AE5A.DE) has a volatility of 9.06%. This indicates that XBAK.DE experiences smaller price fluctuations and is considered to be less risky than AE5A.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XBAK.DE | AE5A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.51% | 9.06% | -3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 24.19% | 17.07% | +7.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.00% | 19.66% | +8.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.55% | 16.46% | +8.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.55% | 16.46% | +8.09% |
XBAK.DE vs. AE5A.DE - Expense Ratio Comparison
XBAK.DE has a 0.85% expense ratio, which is higher than AE5A.DE's 0.14% expense ratio.
Dividends
XBAK.DE vs. AE5A.DE - Dividend Comparison
XBAK.DE has not paid dividends to shareholders, while AE5A.DE's dividend yield for the trailing twelve months is around 1.72%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AE5A.DE Amundi Core MSCI Emerging Markets Swap UCITS ETF Dist | 1.72% | 2.15% | 3.38% | 3.80% |
XBAK.DE Xtrackers MSCI Pakistan Swap UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XBAK.DE and AE5A.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AE5A.DE is cheaper at 0.14% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AE5A.DE is cheaper with a 0.14% expense ratio, compared with 0.85% for XBAK.DE.
XBAK.DE tracks MSCI Pakistan Investable Market Index, while AE5A.DE tracks MSCI Emerging Markets Index. They also come from different issuers: Xtrackers and Amundi. Their fees differ too: 0.85% for XBAK.DE and 0.14% for AE5A.DE.
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