CMCX.L vs. IIND.L
CMCX.L (CMC Markets plc) is a stock, while IIND.L (iShares MSCI India UCITS ETF USD (Acc)) is Asia Pacific Equities fund tracking the MSCI India NR USD. Over the past 5 years, CMCX.L returned 3.69%/yr vs 4.70%/yr for IIND.L. At a 0.12 correlation, their price movements are largely independent.
Performance
CMCX.L vs. IIND.L - Performance Comparison
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Different Trading Currencies
CMCX.L is traded in GBp, while IIND.L is traded in GBP. To make them comparable, the IIND.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMCX.L achieves a 55.18% return, which is significantly higher than IIND.L's -12.10% return.
CMCX.L
- 1D
- 0.11%
- 1M
- 22.43%
- YTD
- 55.18%
- 6M
- 62.81%
- 1Y
- 93.05%
- 3Y*
- 46.87%
- 5Y*
- 3.69%
- 10Y*
- 10.03%
IIND.L
- 1D
- 2.57%
- 1M
- 0.16%
- YTD
- -12.10%
- 6M
- -11.25%
- 1Y
- -11.00%
- 3Y*
- 3.05%
- 5Y*
- 4.70%
- 10Y*
- —
CMCX.L vs. IIND.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CMCX.L CMC Markets plc | 55.18% | 27.16% | 144.09% | -51.43% | -10.97% | -28.25% | 183.92% | 43.23% | -41.08% |
IIND.L iShares MSCI India UCITS ETF USD (Acc) | -12.10% | -2.94% | 11.13% | 12.43% | 2.72% | 26.95% | 10.48% | 3.72% | -21.95% |
Correlation
The correlation between CMCX.L and IIND.L is 0.05, 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 | 0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 29, 2018 | 0.12 |
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Return for Risk
CMCX.L vs. IIND.L — Risk / Return Rank
CMCX.L
IIND.L
CMCX.L vs. IIND.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CMC Markets plc (CMCX.L) and iShares MSCI India UCITS ETF USD (Acc) (IIND.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.
| CMCX.L | IIND.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.83 | ||
| Sortino ratioReturn per unit of downside risk | +5.44 | ||
| Omega ratioGain probability vs. loss probability | 1.52 | 0.89 | +0.63 |
| Calmar ratioReturn relative to maximum drawdown | 5.16 | -0.59 | +5.75 |
| Martin ratioReturn relative to average drawdown | 13.26 | -1.27 | +14.53 |
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Drawdowns
CMCX.L vs. IIND.L - Drawdown Comparison
The maximum CMCX.L drawdown since its inception was -81.04%, which is greater than IIND.L's maximum drawdown of -45.07%. Use the drawdown chart below to compare losses from any high point for CMCX.L and IIND.L.
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Drawdown Indicators
| CMCX.L | IIND.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.04% | -45.07% | -35.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.02% | -19.76% | +2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -45.29% | -24.81% | -20.48% |
Max Drawdown (5Y)Largest decline over 5 years | -78.60% | -24.81% | -53.79% |
Max Drawdown (10Y)Largest decline over 10 years | -81.04% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -21.11% | +20.89% |
Average DrawdownAverage peak-to-trough decline | -40.52% | -13.03% | -27.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.63% | 9.21% | -2.58% |
Volatility
CMCX.L vs. IIND.L - Volatility Comparison
CMC Markets plc (CMCX.L) has a higher volatility of 17.61% compared to iShares MSCI India UCITS ETF USD (Acc) (IIND.L) at 4.98%. This indicates that CMCX.L's price experiences larger fluctuations and is considered to be riskier than IIND.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMCX.L | IIND.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.61% | 4.98% | +12.63% |
Volatility (6M)Calculated over the trailing 6-month period | 24.26% | 13.26% | +11.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.97% | 15.81% | +26.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.85% | 21.29% | +25.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.35% | 24.99% | +21.36% |
Dividends
CMCX.L vs. IIND.L - Dividend Comparison
CMCX.L's dividend yield for the trailing twelve months is around 2.97%, while IIND.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CMCX.L CMC Markets plc | 2.97% | 4.62% | 4.19% | 4.67% | 5.53% | 9.46% | 5.47% | 2.41% | 6.94% | 5.95% |
IIND.L iShares MSCI India UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CMCX.L and IIND.L have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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