CMX1.L vs. DBRC.L
CMX1.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) and DBRC.L (iShares BIC 50 UCITS ETF USD (Dist)) are both exchange-traded funds - CMX1.L is a Latin America Equities fund tracking the MSCI Mexico Capped Index (Net Return Index), while DBRC.L is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index. Both are passively managed. Over the past 10 years, CMX1.L returned 6.56%/yr vs 2.08%/yr for DBRC.L. At a 0.48 correlation, their price movements are largely independent. CMX1.L charges 0.65%/yr vs 0.74%/yr for DBRC.L.
Performance
CMX1.L vs. DBRC.L - Performance Comparison
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Different Trading Currencies
CMX1.L is traded in GBp, while DBRC.L is traded in USD. To make them comparable, the DBRC.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMX1.L achieves a 10.08% return, which is significantly higher than DBRC.L's -10.22% return. Over the past 10 years, CMX1.L has outperformed DBRC.L with an annualized return of 6.56%, while DBRC.L has yielded a comparatively lower 2.08% annualized return.
CMX1.L
- 1D
- -0.10%
- 1M
- -5.39%
- 6M
- 4.32%
- YTD
- 10.08%
- 1Y
- 32.57%
- 3Y*
- 9.55%
- 5Y*
- 13.21%
- 10Y*
- 6.56%
DBRC.L
- 1D
- 0.00%
- 1M
- -0.96%
- 6M
- -14.52%
- YTD
- -10.22%
- 1Y
- -5.78%
- 3Y*
- 6.21%
- 5Y*
- -6.59%
- 10Y*
- 2.08%
CMX1.L vs. DBRC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMX1.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 10.08% | 46.33% | -26.86% | 30.17% | 10.63% | 20.72% | -3.47% | 6.36% | -8.97% | 2.96% |
DBRC.L iShares BIC 50 UCITS ETF USD (Dist) | -10.22% | 20.41% | 15.79% | -12.21% | -20.51% | -23.21% | 16.51% | 17.18% | -2.97% | 24.40% |
Correlation
The correlation between CMX1.L and DBRC.L is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 25, 2010 | 0.48 |
The correlation between CMX1.L and DBRC.L shifts across timeframes, from 0.28 (1 year) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
CMX1.L vs. DBRC.L — Risk / Return Rank
CMX1.L
DBRC.L
CMX1.L vs. DBRC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMX1.L) and iShares BIC 50 UCITS ETF USD (Dist) (DBRC.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.
| CMX1.L | DBRC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.87 | ||
| Sortino ratioReturn per unit of downside risk | +2.45 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 0.97 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | -0.21 | +2.68 |
| Martin ratioReturn relative to average drawdown | 8.66 | -0.47 | +9.13 |
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Drawdowns
CMX1.L vs. DBRC.L - Drawdown Comparison
The maximum CMX1.L drawdown since its inception was -98.52%, which is greater than DBRC.L's maximum drawdown of -64.12%. Use the drawdown chart below to compare losses from any high point for CMX1.L and DBRC.L.
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Drawdown Indicators
| CMX1.L | DBRC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.52% | -64.12% | -34.40% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -24.76% | +11.73% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -24.76% | -11.17% |
Max Drawdown (5Y)Largest decline over 5 years | -35.93% | -49.88% | +13.95% |
Max Drawdown (10Y)Largest decline over 10 years | -50.58% | -59.33% | +8.75% |
Current DrawdownCurrent decline from peak | -6.25% | -42.31% | +36.06% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -22.17% | +6.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 11.18% | -7.46% |
Volatility
CMX1.L vs. DBRC.L - Volatility Comparison
iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMX1.L) has a higher volatility of 5.90% compared to iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L) at 5.38%. This indicates that CMX1.L's price experiences larger fluctuations and is considered to be riskier than DBRC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMX1.L | DBRC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 5.38% | +0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 16.92% | 14.19% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 19.41% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.25% | 29.11% | -3.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 25.89% | -0.06% |
CMX1.L vs. DBRC.L - Expense Ratio Comparison
CMX1.L has a 0.65% expense ratio, which is lower than DBRC.L's 0.74% expense ratio.
Dividends
CMX1.L vs. DBRC.L - Dividend Comparison
CMX1.L has not paid dividends to shareholders, while DBRC.L's dividend yield for the trailing twelve months is around 1.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMX1.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DBRC.L iShares BIC 50 UCITS ETF USD (Dist) | 1.60% | 1.74% | 2.81% | 2.60% | 3.58% | 1.58% | 1.43% | 2.02% | 2.96% | 1.94% | 1.89% | 2.68% |
Frequently Asked Questions
CMX1.L and DBRC.L have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMX1.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMX1.L is cheaper with a 0.65% expense ratio, compared with 0.74% for DBRC.L.
CMX1.L is categorized as Latin America Equities, while DBRC.L is Emerging Markets Equities. CMX1.L tracks MSCI Mexico Capped Index (Net Return Index), while DBRC.L tracks FTSE BIC 50 Net of Tax Index. Their fees differ too: 0.65% for CMX1.L and 0.74% for DBRC.L.
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