CMXC.L vs. DLTM.L
CMXC.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) and DLTM.L (iShares MSCI EM Latin America UCITS ETF) are both Latin America Equities funds from iShares - CMXC.L tracks the MSCI Mexico Capped Index (Net Return Index) while DLTM.L tracks the MSCI EM Latin America NR USD. Both are passively managed. Over the past 10 years, CMXC.L returned 6.68%/yr vs 6.78%/yr for DLTM.L. A 0.70 correlation means they provide meaningful diversification when combined. CMXC.L charges 0.65%/yr vs 0.74%/yr for DLTM.L.
Performance
CMXC.L vs. DLTM.L - Performance Comparison
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Returns By Period
In the year-to-date period, CMXC.L achieves a 9.93% return, which is significantly lower than DLTM.L's 13.76% return. Both investments have delivered pretty close results over the past 10 years, with CMXC.L having a 6.68% annualized return and DLTM.L not far ahead at 6.78%.
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%
DLTM.L
- 1D
- 0.05%
- 1M
- 0.10%
- 6M
- 7.84%
- YTD
- 13.76%
- 1Y
- 39.94%
- 3Y*
- 12.15%
- 5Y*
- 9.90%
- 10Y*
- 6.78%
CMXC.L vs. DLTM.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% |
DLTM.L iShares MSCI EM Latin America UCITS ETF | 13.76% | 54.38% | -26.87% | 33.35% | 8.00% | -9.77% | -11.18% | 12.80% | -5.26% | 20.98% |
Correlation
The correlation between CMXC.L and DLTM.L is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.70 |
The correlation between CMXC.L and DLTM.L has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.
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Return for Risk
CMXC.L vs. DLTM.L — Risk / Return Rank
CMXC.L
DLTM.L
CMXC.L vs. DLTM.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 EM Latin America UCITS ETF (DLTM.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 | DLTM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.32 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.34 | 2.58 | -0.24 |
| Martin ratioReturn relative to average drawdown | 7.77 | 7.06 | +0.71 |
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Drawdowns
CMXC.L vs. DLTM.L - Drawdown Comparison
The maximum CMXC.L drawdown since its inception was -60.38%, smaller than the maximum DLTM.L drawdown of -66.54%. Use the drawdown chart below to compare losses from any high point for CMXC.L and DLTM.L.
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Drawdown Indicators
| CMXC.L | DLTM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.38% | -66.54% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -13.65% | -15.38% | +1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -30.66% | -27.82% | -2.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.66% | -29.01% | -1.65% |
Max Drawdown (10Y)Largest decline over 10 years | -52.90% | -54.86% | +1.96% |
Current DrawdownCurrent decline from peak | -6.88% | -9.26% | +2.38% |
Average DrawdownAverage peak-to-trough decline | -18.97% | -28.97% | +10.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.12% | 5.64% | -1.52% |
Volatility
CMXC.L vs. DLTM.L - Volatility Comparison
iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) and iShares MSCI EM Latin America UCITS ETF (DLTM.L) have volatilities of 6.19% and 5.93%, 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 | DLTM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 5.93% | +0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 19.01% | 17.42% | +1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.22% | 21.04% | +1.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.36% | 22.87% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.64% | 26.38% | -0.74% |
CMXC.L vs. DLTM.L - Expense Ratio Comparison
CMXC.L has a 0.65% expense ratio, which is lower than DLTM.L's 0.74% expense ratio.
Dividends
CMXC.L vs. DLTM.L - Dividend Comparison
CMXC.L has not paid dividends to shareholders, while DLTM.L's dividend yield for the trailing twelve months is around 3.40%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CMXC.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% |
DLTM.L iShares MSCI EM Latin America UCITS ETF | 3.40% | 3.54% | 5.77% | 4.23% | 6.82% | 3.20% | 1.66% | 2.31% | 2.17% | 1.47% | 1.44% | 2.98% |
Frequently Asked Questions
CMXC.L and DLTM.L have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CMXC.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CMXC.L is cheaper with a 0.65% expense ratio, compared with 0.74% for DLTM.L.
CMXC.L tracks MSCI Mexico Capped Index (Net Return Index), while DLTM.L tracks MSCI EM Latin America NR USD. Their fees differ too: 0.65% for CMXC.L and 0.74% for DLTM.L.
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