BSX vs. CMB1.L
BSX (Boston Scientific Corporation) is a stock, while CMB1.L (iShares FTSE MIB UCITS ETF (Acc)) is Europe Equities fund tracking the FTSE Italia AllShare TR EUR. Over the past 10 years, BSX returned 7.59%/yr vs 16.17%/yr for CMB1.L. At a 0.28 correlation, their price movements are largely independent.
Performance
BSX vs. CMB1.L - Performance Comparison
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Different Trading Currencies
BSX is traded in USD, while CMB1.L is traded in GBp. To make them comparable, the CMB1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, BSX achieves a -50.96% return, which is significantly lower than CMB1.L's 17.02% return. Over the past 10 years, BSX has underperformed CMB1.L with an annualized return of 7.59%, while CMB1.L has yielded a comparatively higher 16.17% annualized return.
BSX
- 1D
- -0.32%
- 1M
- -11.24%
- YTD
- -50.96%
- 6M
- -49.28%
- 1Y
- -53.12%
- 3Y*
- -4.87%
- 5Y*
- 1.80%
- 10Y*
- 7.59%
CMB1.L
- 1D
- 1.03%
- 1M
- 6.84%
- YTD
- 17.02%
- 6M
- 18.75%
- 1Y
- 37.91%
- 3Y*
- 31.24%
- 5Y*
- 19.47%
- 10Y*
- 16.17%
BSX vs. CMB1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSX Boston Scientific Corporation | -50.96% | 6.75% | 54.51% | 24.94% | 8.92% | 18.16% | -20.50% | 27.96% | 42.56% | 14.61% |
CMB1.L iShares FTSE MIB UCITS ETF (Acc) | 17.02% | 54.68% | 11.37% | 37.57% | -13.87% | 17.22% | 4.63% | 29.84% | -18.67% | 34.14% |
Correlation
The correlation between BSX and CMB1.L is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jan 26, 2010 | 0.28 |
Over the past year, the correlation between BSX and CMB1.L has dropped to 0.06 - well below their long-term average of 0.28, suggesting their price drivers have been diverging.
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Return for Risk
BSX vs. CMB1.L — Risk / Return Rank
BSX
CMB1.L
BSX vs. CMB1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boston Scientific Corporation (BSX) and iShares FTSE MIB UCITS ETF (Acc) (CMB1.L). 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.
| BSX | CMB1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.73 | ||
| Sortino ratioReturn per unit of downside risk | -5.31 | ||
| Omega ratioGain probability vs. loss probability | 0.66 | 1.38 | -0.72 |
| Calmar ratioReturn relative to maximum drawdown | -0.94 | 3.35 | -4.29 |
| Martin ratioReturn relative to average drawdown | -2.01 | 11.77 | -13.78 |
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Drawdowns
BSX vs. CMB1.L - Drawdown Comparison
The maximum BSX drawdown since its inception was -89.15%, which is greater than CMB1.L's maximum drawdown of -57.87%. Use the drawdown chart below to compare losses from any high point for BSX and CMB1.L.
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Drawdown Indicators
| BSX | CMB1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.15% | -57.87% | -31.28% |
Max Drawdown (1Y)Largest decline over 1 year | -56.76% | -11.25% | -45.51% |
Max Drawdown (3Y)Largest decline over 3 years | -56.76% | -17.48% | -39.28% |
Max Drawdown (5Y)Largest decline over 5 years | -56.76% | -35.65% | -21.11% |
Max Drawdown (10Y)Largest decline over 10 years | -56.76% | -41.93% | -14.83% |
Current DrawdownCurrent decline from peak | -56.76% | 0.00% | -56.76% |
Average DrawdownAverage peak-to-trough decline | -38.76% | -19.36% | -19.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.47% | 3.20% | +23.27% |
Volatility
BSX vs. CMB1.L - Volatility Comparison
Boston Scientific Corporation (BSX) has a higher volatility of 15.76% compared to iShares FTSE MIB UCITS ETF (Acc) (CMB1.L) at 4.73%. This indicates that BSX's price experiences larger fluctuations and is considered to be riskier than CMB1.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSX | CMB1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.76% | 4.73% | +11.03% |
Volatility (6M)Calculated over the trailing 6-month period | 32.82% | 13.97% | +18.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.80% | 17.22% | +17.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 21.24% | +4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.30% | 22.73% | +4.57% |
Dividends
BSX vs. CMB1.L - Dividend Comparison
Neither BSX nor CMB1.L has paid dividends to shareholders.
Frequently Asked Questions
BSX and CMB1.L have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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