XGLF.DE vs. AXQT.DE
XGLF.DE (Xtrackers MSCI GCC Select Swap UCITS ETF (Acc)) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both Emerging Markets Equities funds - XGLF.DE tracks the MSCI GCC Countries ex Select Securities Index while AXQT.DE tracks the MSCI Emerging Markets ex China Climate Paris Aligned. Both are passively managed. Over the past year, XGLF.DE returned 5.74% vs 60.34% for AXQT.DE. At a 0.40 correlation, their price movements are largely independent. XGLF.DE charges 0.65%/yr vs 0.27%/yr for AXQT.DE.
Performance
XGLF.DE vs. AXQT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XGLF.DE achieves a 6.06% return, which is significantly lower than AXQT.DE's 39.53% return.
XGLF.DE
- 1D
- 0.50%
- 1M
- 2.01%
- 6M
- 5.05%
- YTD
- 6.06%
- 1Y
- 5.74%
- 3Y*
- 3.33%
- 5Y*
- 5.16%
- 10Y*
- 8.00%
AXQT.DE
- 1D
- 0.00%
- 1M
- -1.89%
- 6M
- 37.17%
- YTD
- 39.53%
- 1Y
- 60.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XGLF.DE vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XGLF.DE Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) | 6.06% | -5.98% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 39.53% | 24.51% |
Correlation
The correlation between XGLF.DE and AXQT.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.40 |
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Return for Risk
XGLF.DE vs. AXQT.DE — Risk / Return Rank
XGLF.DE
AXQT.DE
XGLF.DE vs. AXQT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) 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.
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.
| XGLF.DE | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.83 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.50 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | 0.63 | 5.28 | -4.64 |
| Martin ratioReturn relative to average drawdown | 1.39 | 17.84 | -16.45 |
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Drawdowns
XGLF.DE vs. AXQT.DE - Drawdown Comparison
The maximum XGLF.DE drawdown since its inception was -42.15%, which is greater than AXQT.DE's maximum drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for XGLF.DE and AXQT.DE.
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Drawdown Indicators
| XGLF.DE | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.15% | -12.88% | -29.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -11.49% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -18.41% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.29% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -35.16% | — | — |
Current DrawdownCurrent decline from peak | -17.78% | -7.30% | -10.48% |
Average DrawdownAverage peak-to-trough decline | -18.26% | -2.17% | -16.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.11% | 3.40% | +0.71% |
Volatility
XGLF.DE vs. AXQT.DE - Volatility Comparison
The current volatility for Xtrackers MSCI GCC Select Swap UCITS ETF (Acc) (XGLF.DE) is 4.44%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a volatility of 9.65%. This indicates that XGLF.DE 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
| XGLF.DE | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 9.65% | -5.21% |
Volatility (6M)Calculated over the trailing 6-month period | 9.30% | 18.59% | -9.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.62% | 21.11% | -8.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.35% | 21.60% | -6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.34% | 21.60% | -3.26% |
XGLF.DE vs. AXQT.DE - Expense Ratio Comparison
XGLF.DE has a 0.65% expense ratio, which is higher than AXQT.DE's 0.27% expense ratio.
Dividends
XGLF.DE vs. AXQT.DE - Dividend Comparison
Neither XGLF.DE nor AXQT.DE has paid dividends to shareholders.
Frequently Asked Questions
XGLF.DE and AXQT.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AXQT.DE is cheaper at 0.27% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AXQT.DE is cheaper with a 0.27% expense ratio, compared with 0.65% for XGLF.DE.
XGLF.DE tracks MSCI GCC Countries ex Select Securities Index, while AXQT.DE tracks MSCI Emerging Markets ex China Climate Paris Aligned. They also come from different issuers: Xtrackers and AXA IM. Their fees differ too: 0.65% for XGLF.DE and 0.27% for AXQT.DE.
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