CACX.L vs. ^IBEX
CACX.L (Lyxor CAC 40 (DR) UCITS ETF - Dist) is Europe Equities fund tracking the Euronext Paris CAC 40 NR EUR, while ^IBEX (IBEX 35 Index) is an index. Over the past 10 years, CACX.L returned 10.52%/yr vs 8.53%/yr for ^IBEX. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
CACX.L vs. ^IBEX - Performance Comparison
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Different Trading Currencies
CACX.L is traded in GBp, while ^IBEX is traded in EUR. To make them comparable, the ^IBEX values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CACX.L achieves a 2.54% return, which is significantly lower than ^IBEX's 8.15% return. Over the past 10 years, CACX.L has outperformed ^IBEX with an annualized return of 10.52%, while ^IBEX has yielded a comparatively lower 8.53% annualized return.
CACX.L
- 1D
- 0.10%
- 1M
- -2.70%
- 6M
- 3.46%
- YTD
- 2.54%
- 1Y
- 7.78%
- 3Y*
- 6.37%
- 5Y*
- 8.01%
- 10Y*
- 10.52%
- ALL TIME*
- 3.45%
^IBEX
- 1D
- 0.00%
- 1M
- -2.69%
- 6M
- 7.32%
- YTD
- 8.15%
- 1Y
- 34.16%
- 3Y*
- 25.36%
- 5Y*
- 17.22%
- 10Y*
- 8.53%
- ALL TIME*
- 2.83%
CACX.L vs. ^IBEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CACX.L Lyxor CAC 40 (DR) UCITS ETF - Dist | 2.54% | 19.60% | -4.39% | 16.83% | -0.56% | 22.14% | 0.79% | 26.03% | -5.19% | 19.33% |
^IBEX IBEX 35 Index | 8.15% | 57.26% | 9.56% | 20.31% | -0.39% | 1.23% | -10.67% | 5.47% | -14.13% | 11.98% |
Correlation
The correlation between CACX.L and ^IBEX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2008 | 0.68 |
The correlation between CACX.L and ^IBEX has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
CACX.L vs. ^IBEX — Risk / Return Rank
CACX.L
^IBEX
CACX.L vs. ^IBEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) 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.
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.
| CACX.L | ^IBEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.38 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.66 | 3.23 | -2.57 |
| Martin ratioReturn relative to average drawdown | 1.94 | 10.21 | -8.27 |
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Drawdowns
CACX.L vs. ^IBEX - Drawdown Comparison
The maximum CACX.L drawdown since its inception was -54.68%, smaller than the maximum ^IBEX drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for CACX.L and ^IBEX.
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Drawdown Indicators
| CACX.L | ^IBEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.68% | -59.52% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.81% | -10.44% | -1.37% |
Max Drawdown (3Y)Largest decline over 3 years | -14.77% | -10.44% | -4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -19.36% | -19.13% | -0.23% |
Max Drawdown (10Y)Largest decline over 10 years | -32.83% | -42.73% | +9.90% |
Current DrawdownCurrent decline from peak | -3.60% | -4.06% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -27.03% | +7.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 3.32% | +0.68% |
Volatility
CACX.L vs. ^IBEX - Volatility Comparison
The current volatility for Lyxor CAC 40 (DR) UCITS ETF - Dist (CACX.L) is 3.81%, while IBEX 35 Index (^IBEX) has a volatility of 4.19%. This indicates that CACX.L experiences smaller price fluctuations and is considered to be less risky than ^IBEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CACX.L | ^IBEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.81% | 4.19% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 11.51% | 14.03% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.54% | 16.13% | -1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.68% | 16.61% | +0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.59% | 18.23% | -0.64% |
Frequently Asked Questions
CACX.L and ^IBEX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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