XWEM.DE vs. AXQT.DE
XWEM.DE (Xtrackers MSCI World Momentum ESG UCITS ETF 1C) and AXQT.DE (AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc) are both exchange-traded funds - XWEM.DE is a Momentum fund tracking the MSCI World Momentum Low Carbon SRI Screened Select Index, 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, XWEM.DE returned 39.83% vs 68.96% for AXQT.DE. A 0.68 correlation means they provide meaningful diversification when combined. XWEM.DE charges 0.25%/yr vs 0.27%/yr for AXQT.DE.
Performance
XWEM.DE vs. AXQT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XWEM.DE achieves a 26.26% return, which is significantly lower than AXQT.DE's 44.24% return.
XWEM.DE
- 1D
- 0.00%
- 1M
- 5.91%
- YTD
- 26.26%
- 6M
- 26.51%
- 1Y
- 39.83%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AXQT.DE
- 1D
- 0.00%
- 1M
- 3.84%
- YTD
- 44.24%
- 6M
- 46.01%
- 1Y
- 68.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XWEM.DE vs. AXQT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XWEM.DE Xtrackers MSCI World Momentum ESG UCITS ETF 1C | 26.26% | 16.43% |
AXQT.DE AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc | 44.24% | 24.51% |
Correlation
The correlation between XWEM.DE and AXQT.DE is 0.67, 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 | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2025 | 0.68 |
The correlation between XWEM.DE and AXQT.DE has been stable across timeframes, ranging from 0.67 to 0.68 - a consistent structural relationship.
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Return for Risk
XWEM.DE vs. AXQT.DE — Risk / Return Rank
XWEM.DE
AXQT.DE
XWEM.DE vs. AXQT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.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.
| XWEM.DE | AXQT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.59 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 6.03 | -3.54 |
| Martin ratioReturn relative to average drawdown | 5.01 | 21.15 | -16.14 |
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Drawdowns
XWEM.DE vs. AXQT.DE - Drawdown Comparison
The maximum XWEM.DE drawdown since its inception was -22.80%, 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 XWEM.DE and AXQT.DE.
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Drawdown Indicators
| XWEM.DE | AXQT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.80% | -12.88% | -9.92% |
Max Drawdown (1Y)Largest decline over 1 year | -15.98% | -11.49% | -4.49% |
Current DrawdownCurrent decline from peak | -1.08% | -4.17% | +3.09% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -2.10% | -3.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.96% | 3.27% | +4.69% |
Volatility
XWEM.DE vs. AXQT.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Momentum ESG UCITS ETF 1C (XWEM.DE) is 5.13%, while AXA IM MSCI Emerging Markets ex-China Equity PAB UCITS ETF USD Acc (AXQT.DE) has a volatility of 9.35%. This indicates that XWEM.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
| XWEM.DE | AXQT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 9.35% | -4.22% |
Volatility (6M)Calculated over the trailing 6-month period | 13.13% | 18.20% | -5.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.01% | 20.74% | +6.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.76% | 21.47% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.76% | 21.47% | +0.29% |
XWEM.DE vs. AXQT.DE - Expense Ratio Comparison
XWEM.DE has a 0.25% 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
XWEM.DE vs. AXQT.DE - Dividend Comparison
Neither XWEM.DE nor AXQT.DE has paid dividends to shareholders.
Frequently Asked Questions
XWEM.DE and AXQT.DE have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XWEM.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XWEM.DE is cheaper with a 0.25% expense ratio, compared with 0.27% for AXQT.DE.
XWEM.DE is categorized as Momentum, while AXQT.DE is Emerging Markets Equities. XWEM.DE tracks MSCI World Momentum Low Carbon SRI Screened Select 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: 0.25% for XWEM.DE and 0.27% for AXQT.DE.
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