- ISIN
- IE00B5WHFQ43
- Issuer
- iShares
- Inception Date
- Aug 25, 2010
- Region
- Latin America (Mexico)
- Category
- Latin America Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI Mexico Capped Index (Net Return Index)
- Domicile
- Ireland
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
CMXC.L Performance Chart
iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) is up 9.9% since the beginning of the year. CMXC.L is currently trading at $220 per share. Investors who bought $1,000 worth of CMXC.L shares 5 years ago would now be looking at an investment worth $1,815.
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Returns By Period
iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) has returned 9.93% so far this year and 33.06% over the past 12 months. Over the last ten years, CMXC.L has returned 6.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.36% annually.
iShares MSCI Mexico Capped UCITS ETF USD (Acc)
- 1D
- -0.85%
- 1M
- -5.29%
- 6M
- 4.35%
- YTD
- 9.93%
- 1Y
- 33.06%
- 3Y*
- 10.57%
- 5Y*
- 12.66%
- 10Y*
- 6.68%
Benchmark (S&P 500 Index)
- 1D
- 0.38%
- 1M
- 0.24%
- 6M
- 9.32%
- YTD
- 10.62%
- 1Y
- 21.28%
- 3Y*
- 18.90%
- 5Y*
- 11.84%
- 10Y*
- 13.36%
CMXC.L Monthly Returns History
Based on dividend-adjusted daily data since Sep 30, 2010, CMXC.L's average daily return is +0.03%, while the average monthly return is +0.57%. At this rate, an investment would double in approximately 10.2 years.
Historically, 55% of months were positive and 45% were negative. The best month was Nov 2020 with a return of +19.7%, while the worst month was Mar 2020 at -26.3%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.
On a daily basis, CMXC.L closed higher 45% of trading days. The best single day was Mar 13, 2020 with a return of +10.5%, while the worst single day was Mar 12, 2020 at -16.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 10.65% | 5.24% | -8.30% | 2.40% | 2.87% | -1.73% | -0.54% | 9.93% | |||||
| 2025 | 5.42% | 3.39% | 0.48% | 12.06% | 5.83% | 2.01% | -0.84% | 3.41% | 9.27% | -0.93% | 2.59% | 4.23% | 57.29% |
| 2024 | -1.27% | -3.44% | 6.24% | -2.88% | -4.23% | -11.05% | 1.74% | -6.11% | 1.81% | -5.43% | -2.74% | -4.06% | -28.08% |
| 2023 | 15.33% | -0.79% | 4.23% | 1.85% | -2.32% | 4.84% | 4.93% | -3.62% | -7.02% | -7.20% | 14.28% | 11.07% | 37.82% |
| 2022 | -6.08% | 4.42% | 10.40% | -9.30% | 3.37% | -9.55% | 0.16% | -3.65% | -1.28% | 12.05% | 4.33% | -3.33% | -1.14% |
| 2021 | -5.92% | -0.49% | 8.60% | 3.01% | 5.26% | 0.36% | 2.89% | 3.43% | -4.75% | -0.38% | -6.45% | 13.94% | 19.07% |
Benchmark Metrics
iShares MSCI Mexico Capped UCITS ETF USD (Acc) has an annualized alpha of -0.43%, beta of 0.59, and R2 of 0.17 versus S&P 500 Index. Calculated based on daily prices since September 30, 2010.
- This ETF participated in 98.71% of S&P 500 Index downside but only 66.72% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.59 may look defensive, but with R2 of 0.17 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.17 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -0.43%
- Beta
- 0.59
- R²
- 0.17
- Upside Capture
- 66.72%
- Downside Capture
- 98.71%
Expense Ratio
CMXC.L has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
CMXC.L ranks 53 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) and compare them to S&P 500 Index.
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.
| CMXC.L | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.35 | -0.01 |
| Martin ratioReturn relative to average drawdown | 7.77 | 10.19 | -2.42 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares MSCI Mexico Capped UCITS ETF USD (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the iShares MSCI Mexico Capped UCITS ETF USD (Acc) was 60.38%, occurring on Apr 3, 2020. Recovery took 778 trading sessions.
The current iShares MSCI Mexico Capped UCITS ETF USD (Acc) drawdown is 6.88%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-60.38%Apr 2020 | 5y 6mo | 3y 1mo | 8y 8moSep 2014 - May 2023 | COVID crash2020 |
-30.66%Dec 2024 | 8mo 25d | 8mo 15d | 1y 5moApr 2024 - Sep 2025 | — |
-24.68%Oct 2011 | 6mo | 9mo 18d | 1y 3moApr 2011 - Jul 2012 | — |
-22.44%Jun 2013 | 4mo 15d | 1y 2mo | 1y 6moFeb 2013 - Aug 2014 | — |
-18.78%Oct 2023 | 2mo 24d | 1mo 22d | 4mo 16dJul 2023 - Dec 2023 | — |
Drawdown Indicators
| CMXC.L | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -56.78% | -3.60% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -9.10% | -4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -30.66% | -18.90% | -11.76% |
Max Drawdown (5Y)Largest decline over 5 years | -30.66% | -25.43% | -5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -52.90% | -33.92% | -18.98% |
Current DrawdownCurrent decline from peak | -6.88% | -0.49% | -6.39% |
Average DrawdownAverage peak-to-trough decline | -18.97% | -10.70% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 2.09% | +2.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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