CX vs. ^GSPC
CX (CEMEX, S.A.B. de C.V.) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, CX returned 7.51%/yr vs 13.31%/yr for ^GSPC. A 0.55 correlation means they provide meaningful diversification when combined.
Performance
CX vs. ^GSPC - Performance Comparison
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Returns By Period
In the year-to-date period, CX achieves a 11.90% return, which is significantly higher than ^GSPC's 10.20% return. Over the past 10 years, CX has underperformed ^GSPC with an annualized return of 7.51%, while ^GSPC has yielded a comparatively higher 13.31% annualized return.
CX
- 1D
- 2.81%
- 1M
- -1.15%
- 6M
- 4.03%
- YTD
- 11.90%
- 1Y
- 74.97%
- 3Y*
- 21.51%
- 5Y*
- 10.51%
- 10Y*
- 7.51%
^GSPC
- 1D
- 0.38%
- 1M
- 1.51%
- 6M
- 8.33%
- YTD
- 10.20%
- 1Y
- 20.34%
- 3Y*
- 18.74%
- 5Y*
- 11.59%
- 10Y*
- 13.31%
CX vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CX CEMEX, S.A.B. de C.V. | 11.90% | 105.97% | -26.48% | 91.36% | -40.27% | 31.14% | 36.77% | -19.55% | -35.73% | -2.86% |
^GSPC S&P 500 Index | 10.20% | 16.39% | 23.31% | 24.23% | -19.44% | 26.89% | 16.26% | 28.88% | -6.24% | 19.42% |
Correlation
The correlation between CX and ^GSPC is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 15, 1999 | 0.55 |
The correlation between CX and ^GSPC has been stable across timeframes, ranging from 0.45 to 0.55 - a consistent structural relationship.
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Return for Risk
CX vs. ^GSPC — Risk / Return Rank
CX
^GSPC
CX vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CEMEX, S.A.B. de C.V. (CX) and S&P 500 Index (^GSPC). 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.
| CX | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.30 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.14 | 2.25 | +0.90 |
| Martin ratioReturn relative to average drawdown | 10.47 | 9.74 | +0.73 |
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Drawdowns
CX vs. ^GSPC - Drawdown Comparison
The maximum CX drawdown since its inception was -92.37%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for CX and ^GSPC.
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Drawdown Indicators
| CX | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.37% | -56.78% | -35.59% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -9.10% | -14.89% |
Max Drawdown (3Y)Largest decline over 3 years | -44.38% | -18.90% | -25.48% |
Max Drawdown (5Y)Largest decline over 5 years | -62.57% | -25.43% | -37.14% |
Max Drawdown (10Y)Largest decline over 10 years | -83.70% | -33.92% | -49.78% |
Current DrawdownCurrent decline from peak | -38.51% | -0.87% | -37.64% |
Average DrawdownAverage peak-to-trough decline | -51.13% | -10.71% | -40.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.18% | 2.09% | +5.09% |
Volatility
CX vs. ^GSPC - Volatility Comparison
CEMEX, S.A.B. de C.V. (CX) has a higher volatility of 7.79% compared to S&P 500 Index (^GSPC) at 3.61%. This indicates that CX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CX | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.79% | 3.61% | +4.18% |
Volatility (6M)Calculated over the trailing 6-month period | 29.28% | 9.98% | +19.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.44% | 12.55% | +23.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.68% | 17.01% | +22.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.12% | 18.05% | +25.07% |
Frequently Asked Questions
CX and ^GSPC have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CX has higher volatility (7.79%) compared to ^GSPC (3.61%). In terms of maximum drawdown, CX dropped -92.37% vs ^GSPC's -56.78%.
CX currently has the higher Sharpe Ratio (2.07 vs 1.63), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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