CMXC.L vs. CMX1.L
CMXC.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) and CMX1.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) are both Latin America Equities funds from iShares tracking the MSCI Mexico Capped Index (Net Return Index). Both are passively managed. Over the past 10 years, CMXC.L returned 6.68%/yr vs 6.80%/yr for CMX1.L. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.65% expense ratio.
Performance
CMXC.L vs. CMX1.L - Performance Comparison
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Different Trading Currencies
CMXC.L is traded in USD, while CMX1.L is traded in GBp. To make them comparable, the CMX1.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CMXC.L achieves a 9.93% return, which is significantly lower than CMX1.L's 10.83% return. Both investments have delivered pretty close results over the past 10 years, with CMXC.L having a 6.68% annualized return and CMX1.L not far ahead at 6.80%.
CMXC.L
- 1D
- -0.85%
- 1M
- -5.29%
- 6M
- 4.35%
- YTD
- 9.93%
- 1Y
- 33.06%
- 3Y*
- 10.57%
- 5Y*
- 12.66%
- 10Y*
- 6.68%
CMX1.L
- 1D
- 0.00%
- 1M
- -4.44%
- 6M
- 5.16%
- YTD
- 10.83%
- 1Y
- 34.23%
- 3Y*
- 10.86%
- 5Y*
- 12.87%
- 10Y*
- 6.80%
CMXC.L vs. CMX1.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CMXC.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 9.93% | 57.29% | -28.08% | 37.82% | -1.14% | 19.07% | -0.08% | 9.79% | -13.57% | 12.59% |
CMX1.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 10.83% | 57.38% | -28.08% | 37.04% | -1.20% | 19.62% | -0.52% | 10.62% | -14.13% | 12.76% |
Correlation
The correlation between CMXC.L and CMX1.L is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.91 |
The correlation between CMXC.L and CMX1.L has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.
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Return for Risk
CMXC.L vs. CMX1.L — Risk / Return Rank
CMXC.L
CMX1.L
CMXC.L vs. CMX1.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) and iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMX1.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.
| CMXC.L | CMX1.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.43 | -0.09 |
| Martin ratioReturn relative to average drawdown | 7.77 | 8.39 | -0.61 |
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Drawdowns
CMXC.L vs. CMX1.L - Drawdown Comparison
The maximum CMXC.L drawdown since its inception was -60.38%, smaller than the maximum CMX1.L drawdown of -98.54%. Use the drawdown chart below to compare losses from any high point for CMXC.L and CMX1.L.
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Drawdown Indicators
| CMXC.L | CMX1.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -98.54% | +38.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -13.74% | +0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -30.66% | -35.43% | +4.77% |
Max Drawdown (5Y)Largest decline over 5 years | -30.66% | -35.43% | +4.77% |
Max Drawdown (10Y)Largest decline over 10 years | -52.90% | -53.02% | +0.12% |
Current DrawdownCurrent decline from peak | -6.88% | -5.24% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -18.97% | -20.31% | +1.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 3.99% | +0.13% |
Volatility
CMXC.L vs. CMX1.L - Volatility Comparison
iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) and iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMX1.L) have volatilities of 6.19% and 6.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CMXC.L | CMX1.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 6.44% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 19.01% | 18.04% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.22% | 21.27% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 26.76% | -3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 26.87% | -1.23% |
CMXC.L vs. CMX1.L - Expense Ratio Comparison
Both CMXC.L and CMX1.L have an expense ratio of 0.65%.
Dividends
CMXC.L vs. CMX1.L - Dividend Comparison
Neither CMXC.L nor CMX1.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, CMXC.L and CMX1.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.65% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
CMXC.L and CMX1.L have the same expense ratio: 0.65% per year.
Both ETFs track MSCI Mexico Capped Index (Net Return Index).
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