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USD/MXN

Often compared with MXN=X:
MXN=X vs. VOO

Performance

MXN=X Performance Chart

USD/MXN (MXN=X) is down 3.5% since the beginning of the year. MXN=X is currently trading at MX$17 per share. Investors who bought MX$1,000 worth of MXN=X shares 5 years ago would now be looking at an investment worth MX$861.


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S&P 500 Index

Returns By Period

USD/MXN (MXN=X) has returned -3.53% so far this year and -9.81% over the past 12 months. Over the last ten years, MXN=X has returned -0.81% per year, falling short of the S&P 500 Index benchmark, which averaged 12.95% annually.


USD/MXN

1D
0.23%
1M
0.31%
YTD
-3.53%
6M
-3.38%
1Y
-9.81%
3Y*
0.39%
5Y*
-2.95%
10Y*
-0.81%

Benchmark (S&P 500 Index)

1D
-0.29%
1M
0.30%
YTD
5.31%
6M
4.96%
1Y
13.46%
3Y*
20.25%
5Y*
8.69%
10Y*
12.95%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MXN=X Monthly Returns History

Based on dividend-adjusted daily data since Aug 3, 2007, MXN=X's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 48% of months were positive and 52% were negative. The best month was Mar 2020 with a return of +20.6%, while the worst month was May 2020 at -8.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 8 months.

On a daily basis, MXN=X closed higher 48% of trading days. The best single day was Oct 9, 2008 with a return of +9.6%, while the worst single day was Oct 13, 2008 at -6.6%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026-3.06%-1.43%4.21%-2.59%-0.71%0.18%-3.53%
2025-1.08%-0.57%-0.34%-4.28%-0.80%-3.51%0.66%-1.15%-1.84%1.43%-1.54%-1.51%-13.73%
20241.48%-0.95%-2.92%3.52%-0.87%7.74%1.71%5.84%-0.11%1.75%1.72%2.48%23.05%
2023-3.26%-2.78%-1.61%-0.12%-1.69%-3.23%-2.21%1.77%2.24%3.60%-3.65%-2.39%-12.84%
20220.63%-0.80%-2.98%2.79%-3.72%2.26%1.24%-1.02%0.00%-1.67%-2.73%1.07%-5.07%
20213.21%1.29%-2.09%-0.98%-1.32%-0.06%-0.27%0.93%2.84%-0.50%4.43%-4.40%2.80%

Benchmark Metrics

USD/MXN has an annualized alpha of 2.08%, beta of 0.10, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since August 03, 2007.

  • This currency participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.65%) than losses (7.28%) - typical of diversified or defensive assets.
  • Beta of 0.10 may look defensive, but with R2 of 0.02 this currency 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 currency's risk.
  • R2 of 0.02 means this currency 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
2.08%
Beta
0.10
0.02
Upside Capture
11.65%
Downside Capture
7.28%

Return for Risk

Risk / Return Rank

MXN=X ranks 11 for risk / return — in the bottom 11% of currencies on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.


MXN=X Risk / Return Rank: 1111
Overall Rank
MXN=X Sharpe Ratio Rank: 1212
Sharpe Ratio Rank
MXN=X Sortino Ratio Rank: 1313
Sortino Ratio Rank
MXN=X Omega Ratio Rank: 99
Omega Ratio Rank
MXN=X Calmar Ratio Rank: 99
Calmar Ratio Rank
MXN=X Martin Ratio Rank: 1414
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for USD/MXN (MXN=X) 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.


MXN=XBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

-2.35

Sortino ratioReturn per unit of downside risk

-3.32

Omega ratioGain probability vs. loss probability

0.83

1.24

-0.41

Calmar ratioReturn relative to maximum drawdown

-0.77

1.37

-2.14

Martin ratioReturn relative to average drawdown

-1.23

3.64

-4.87

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 USD/MXN. 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 USD/MXN was 35.64%, occurring on Apr 8, 2024. The portfolio has not yet recovered.

The current USD/MXN drawdown is 31.48%.


Related event

Drawdown

Fall

Recovery

Underwater

2024 bear market2024
-35.64%Apr 2024
4y 16d
6y 3moMar 2020 - now
2011 bear market2011
-26.04%Apr 2011
2y 1mo3y 10mo
6y 1dMar 2009 - Mar 2015
2017 bear market2017
-20.38%Jul 2017
5mo 29d2y 8mo
3y 1moJan 2017 - Mar 2020
Financial crisis2007–2009
-11.91%Aug 2008
11mo 24d2mo
1y 1moAug 2007 - Oct 2008
2016 correction2016
-10.35%Apr 2016
2mo 17d1mo 29d
4mo 16dFeb 2016 - Jun 2016

Drawdown Indicators


MXN=XBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-35.64%

-38.70%

+3.06%

Max Drawdown (1Y)

Largest decline over 1 year

-10.39%

-9.83%

-0.56%

Max Drawdown (3Y)

Largest decline over 3 years

-17.96%

-19.07%

+1.11%

Max Drawdown (5Y)

Largest decline over 5 years

-25.49%

-29.25%

+3.76%

Max Drawdown (10Y)

Largest decline over 10 years

-35.64%

-29.25%

-6.39%

Current Drawdown

Current decline from peak

-31.48%

-1.61%

-29.87%

Average Drawdown

Average peak-to-trough decline

-16.09%

-8.34%

-7.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.45%

3.70%

+1.75%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

Build a portfolio with MXN=X

Add USD/MXN to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Analyzer with MXN=X