CMX1.L vs. FVUB.L
CMX1.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) and FVUB.L (Franklin FTSE Brazil UCITS ETF) are both Latin America Equities funds - CMX1.L tracks the MSCI Mexico Capped Index (Net Return Index) while FVUB.L tracks the MSCI Brazil NR USD. Both are passively managed. Over the past 5 years, CMX1.L returned 13.21%/yr vs 7.26%/yr for FVUB.L. At a 0.48 correlation, their price movements are largely independent. CMX1.L charges 0.65%/yr vs 0.19%/yr for FVUB.L.
Performance
CMX1.L vs. FVUB.L - Performance Comparison
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Different Trading Currencies
CMX1.L is traded in GBp, while FVUB.L is traded in GBP. To make them comparable, the FVUB.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 lower than FVUB.L's 16.90% 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%
FVUB.L
- 1D
- -1.33%
- 1M
- 0.97%
- 6M
- 12.79%
- YTD
- 16.90%
- 1Y
- 38.28%
- 3Y*
- 10.42%
- 5Y*
- 7.26%
- 10Y*
- —
CMX1.L vs. FVUB.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CMX1.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 10.08% | 46.33% | -26.86% | 30.17% | 10.63% | 20.72% | -3.47% | 3.23% |
FVUB.L Franklin FTSE Brazil UCITS ETF | 16.90% | 35.51% | -26.76% | 26.32% | 23.83% | -15.44% | -22.19% | -14.94% |
Correlation
The correlation between CMX1.L and FVUB.L is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.48 |
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Return for Risk
CMX1.L vs. FVUB.L — Risk / Return Rank
CMX1.L
FVUB.L
CMX1.L vs. FVUB.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 Franklin FTSE Brazil UCITS ETF (FVUB.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 | FVUB.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.29 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 2.36 | +0.11 |
| Martin ratioReturn relative to average drawdown | 8.66 | 6.11 | +2.55 |
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Drawdowns
CMX1.L vs. FVUB.L - Drawdown Comparison
The maximum CMX1.L drawdown since its inception was -98.52%, which is greater than FVUB.L's maximum drawdown of -58.22%. Use the drawdown chart below to compare losses from any high point for CMX1.L and FVUB.L.
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Drawdown Indicators
| CMX1.L | FVUB.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.52% | -58.22% | -40.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.03% | -16.15% | +3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -35.93% | -38.23% | +2.30% |
Max Drawdown (5Y)Largest decline over 5 years | -35.93% | -38.23% | +2.30% |
Max Drawdown (10Y)Largest decline over 10 years | -50.58% | — | — |
Current DrawdownCurrent decline from peak | -6.25% | -12.10% | +5.85% |
Average DrawdownAverage peak-to-trough decline | -15.85% | -28.28% | +12.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 6.25% | -2.53% |
Volatility
CMX1.L vs. FVUB.L - Volatility Comparison
iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMX1.L) has a higher volatility of 5.90% compared to Franklin FTSE Brazil UCITS ETF (FVUB.L) at 5.10%. This indicates that CMX1.L's price experiences larger fluctuations and is considered to be riskier than FVUB.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 | FVUB.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.90% | 5.10% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 16.92% | 16.60% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.19% | 21.87% | -1.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.25% | 29.04% | -3.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.83% | 33.31% | -7.48% |
CMX1.L vs. FVUB.L - Expense Ratio Comparison
CMX1.L has a 0.65% expense ratio, which is higher than FVUB.L's 0.19% expense ratio.
Dividends
CMX1.L vs. FVUB.L - Dividend Comparison
Neither CMX1.L nor FVUB.L has paid dividends to shareholders.
Frequently Asked Questions
CMX1.L and FVUB.L have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVUB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVUB.L is cheaper with a 0.19% expense ratio, compared with 0.65% for CMX1.L.
CMX1.L tracks MSCI Mexico Capped Index (Net Return Index), while FVUB.L tracks MSCI Brazil NR USD. They also come from different issuers: iShares and Franklin Templeton. Their fees differ too: 0.65% for CMX1.L and 0.19% for FVUB.L.
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