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^FCHI vs. ^IBEX
Performance
Return for Risk
Drawdowns
Volatility

^FCHI vs. ^IBEX

Last updated Jun 5, 2026

^FCHI (CAC 40) and ^IBEX (IBEX 35 Index) are both indexes. Over the past 10 years, ^FCHI returned 6.42%/yr vs 7.55%/yr for ^IBEX. A 0.77 correlation means they provide meaningful diversification when combined.

Performance

^FCHI vs. ^IBEX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in CAC 40 (^FCHI) and IBEX 35 Index (^IBEX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ^FCHI achieves a 1.16% return, which is significantly lower than ^IBEX's 5.59% return. Over the past 10 years, ^FCHI has underperformed ^IBEX with an annualized return of 6.42%, while ^IBEX has yielded a comparatively higher 7.55% annualized return.

^FCHI

1D
1.15%
1M
2.26%
YTD
1.16%
6M
1.51%
1Y
5.63%
3Y*
4.61%
5Y*
4.82%
10Y*
6.42%

^IBEX

1D
0.55%
1M
3.44%
YTD
5.59%
6M
9.13%
1Y
29.61%
3Y*
25.31%
5Y*
15.00%
10Y*
7.55%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^FCHI vs. ^IBEX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
^FCHI
CAC 40		1.16%10.42%-2.15%16.52%-9.50%28.85%-7.14%26.37%-10.95%9.26%
^IBEX
IBEX 35 Index		5.59%49.27%14.78%22.76%-5.56%7.93%-15.45%11.82%-14.97%7.40%

Correlation

The correlation between ^FCHI and ^IBEX is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.71

Correlation (5Y)
Calculated over the trailing 5-year period

0.74

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Sep 9, 1991

0.77

The correlation between ^FCHI and ^IBEX has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

CAC 40

IBEX 35 Index

Often compared with ^FCHI:
^FCHI vs. DAX^FCHI vs. ^GDAXI^FCHI vs. ^AEX^FCHI vs. AI.PA^FCHI vs. ATO.PA^FCHI vs. CW8G.L^FCHI vs. SPY
Often compared with ^IBEX:
^IBEX vs. ^GSPC^IBEX vs. SAN^IBEX vs. ^NDX^IBEX vs. BBVA^IBEX vs. ISX5.L^IBEX vs. AENA.MC^IBEX vs. CLPAX

Return for Risk

^FCHI vs. ^IBEX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
^FCHI
^FCHI Risk / Return Rank: 2828
Overall Rank
^FCHI Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
^FCHI Sortino Ratio Rank: 2626
Sortino Ratio Rank
^FCHI Omega Ratio Rank: 2828
Omega Ratio Rank
^FCHI Calmar Ratio Rank: 2727
Calmar Ratio Rank
^FCHI Martin Ratio Rank: 3030
Martin Ratio Rank
^IBEX
^IBEX Risk / Return Rank: 6868
Overall Rank
^IBEX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
^IBEX Sortino Ratio Rank: 6565
Sortino Ratio Rank
^IBEX Omega Ratio Rank: 6969
Omega Ratio Rank
^IBEX Calmar Ratio Rank: 7575
Calmar Ratio Rank
^IBEX Martin Ratio Rank: 6868
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.

^FCHI vs. ^IBEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CAC 40 (^FCHI) and IBEX 35 Index (^IBEX). 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.

^FCHI^IBEXDifference
Sharpe ratioReturn per unit of total volatility
0.39
1.82

-1.42

Sortino ratioReturn per unit of downside risk
0.67
2.54

-1.87

Omega ratioGain probability vs. loss probability

1.08

1.33

-0.25

Calmar ratioReturn relative to maximum drawdown

0.50

2.99

-2.49

Martin ratioReturn relative to average drawdown

1.47

9.92

-8.45

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^FCHI vs. ^IBEX - Sharpe Ratio Comparison

The current ^FCHI Sharpe Ratio is 0.39, which is lower than the ^IBEX Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of ^FCHI and ^IBEX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

^FCHI^IBEXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.39

1.82

-1.42

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.90

-0.61

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.36

0.40

-0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.21

0.26

-0.05

Drawdowns

^FCHI vs. ^IBEX - Drawdown Comparison

The maximum ^FCHI drawdown since its inception was -65.29%, roughly equal to the maximum ^IBEX drawdown of -62.65%. Use the drawdown chart below to compare losses from any high point for ^FCHI and ^IBEX.

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Drawdown Indicators

^FCHI^IBEXDifference

Max Drawdown

Largest peak-to-trough decline

-65.29%

-62.65%

-2.64%

Max Drawdown (1Y)

Largest decline over 1 year

-11.08%

-9.64%

-1.44%

Max Drawdown (3Y)

Largest decline over 3 years

-16.71%

-12.60%

-4.11%

Max Drawdown (5Y)

Largest decline over 5 years

-23.04%

-21.76%

-1.28%

Max Drawdown (10Y)

Largest decline over 10 years

-38.56%

-45.16%

+6.60%

Current Drawdown

Current decline from peak

-4.37%

-1.19%

-3.18%

Average Drawdown

Average peak-to-trough decline

-23.50%

-28.32%

+4.82%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.80%

2.90%

+0.90%

Volatility

^FCHI vs. ^IBEX - Volatility Comparison

CAC 40 (^FCHI) and IBEX 35 Index (^IBEX) have volatilities of 4.33% and 4.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

^FCHI^IBEXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.33%

4.44%

-0.11%

Volatility (6M)

Calculated over the trailing 6-month period

11.19%

13.16%

-1.97%

Volatility (1Y)

Calculated over the trailing 1-year period

14.20%

15.88%

-1.68%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.42%

16.30%

+0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.71%

18.50%

-0.79%

Frequently Asked Questions

^FCHI and ^IBEX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

^IBEX has higher volatility (4.44%) compared to ^FCHI (4.33%). In terms of maximum drawdown, ^FCHI dropped -65.29% vs ^IBEX's -62.65%.

^IBEX currently has the higher Sharpe Ratio (1.82 vs 0.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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