CX vs. ILF
CX (CEMEX, S.A.B. de C.V.) is a stock, while ILF (iShares Latin American 40 ETF) is Latin America Equities fund tracking the S&P Latin America 40 Index. Over the past 10 years, CX returned 8.88%/yr vs 8.49%/yr for ILF. A 0.59 correlation means they provide meaningful diversification when combined.
Performance
CX vs. ILF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CX achieves a 9.98% return, which is significantly lower than ILF's 13.05% return. Both investments have delivered pretty close results over the past 10 years, with CX having a 8.88% annualized return and ILF not far behind at 8.49%.
CX
- 1D
- -1.18%
- 1M
- 0.40%
- YTD
- 9.98%
- 6M
- 7.27%
- 1Y
- 87.18%
- 3Y*
- 23.22%
- 5Y*
- 10.26%
- 10Y*
- 8.88%
ILF
- 1D
- 0.27%
- 1M
- -1.45%
- YTD
- 13.05%
- 6M
- 14.29%
- 1Y
- 40.46%
- 3Y*
- 13.51%
- 5Y*
- 9.00%
- 10Y*
- 8.49%
CX vs. ILF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CX CEMEX, S.A.B. de C.V. | 9.98% | 105.97% | -26.48% | 91.36% | -40.27% | 31.14% | 36.77% | -19.55% | -35.73% | -2.86% |
ILF iShares Latin American 40 ETF | 13.05% | 52.65% | -23.11% | 33.14% | 9.81% | -13.59% | -11.71% | 13.77% | -6.85% | 26.33% |
Correlation
The correlation between CX and ILF is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 2001 | 0.59 |
The correlation between CX and ILF has been stable across timeframes, ranging from 0.55 to 0.60 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CX vs. ILF — Risk / Return Rank
CX
ILF
CX vs. ILF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CEMEX, S.A.B. de C.V. (CX) and iShares Latin American 40 ETF (ILF). 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 | ILF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.31 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | 2.92 | +0.74 |
| Martin ratioReturn relative to average drawdown | 12.83 | 8.56 | +4.28 |
Loading charts...
Drawdowns
CX vs. ILF - Drawdown Comparison
The maximum CX drawdown since its inception was -92.37%, which is greater than ILF's maximum drawdown of -67.48%. Use the drawdown chart below to compare losses from any high point for CX and ILF.
Loading charts...
Drawdown Indicators
| CX | ILF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.37% | -67.48% | -24.89% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -13.94% | -10.05% |
Max Drawdown (3Y)Largest decline over 3 years | -44.38% | -23.97% | -20.41% |
Max Drawdown (5Y)Largest decline over 5 years | -63.05% | -29.71% | -33.34% |
Max Drawdown (10Y)Largest decline over 10 years | -83.70% | -57.79% | -25.91% |
Current DrawdownCurrent decline from peak | -39.56% | -9.65% | -29.91% |
Average DrawdownAverage peak-to-trough decline | -51.15% | -23.91% | -27.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.82% | 4.74% | +2.08% |
Volatility
CX vs. ILF - Volatility Comparison
CEMEX, S.A.B. de C.V. (CX) has a higher volatility of 11.37% compared to iShares Latin American 40 ETF (ILF) at 6.44%. This indicates that CX's price experiences larger fluctuations and is considered to be riskier than ILF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CX | ILF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.37% | 6.44% | +4.93% |
Volatility (6M)Calculated over the trailing 6-month period | 29.85% | 18.33% | +11.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.34% | 22.25% | +14.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 39.91% | 23.28% | +16.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.50% | 28.40% | +15.10% |
Dividends
CX vs. ILF - Dividend Comparison
CX's dividend yield for the trailing twelve months is around 0.78%, less than ILF's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CX CEMEX, S.A.B. de C.V. | 0.78% | 0.76% | 1.10% | 0.00% | 0.00% | 0.00% | 0.00% | 2.64% | 0.00% | 0.00% | 0.00% | 0.00% |
ILF iShares Latin American 40 ETF | 3.47% | 4.39% | 7.44% | 4.61% | 12.72% | 8.47% | 1.88% | 3.09% | 3.12% | 1.80% | 1.59% | 3.25% |
Frequently Asked Questions
CX and ILF have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CX has higher volatility (11.37%) compared to ILF (6.44%). In terms of maximum drawdown, CX dropped -92.37% vs ILF's -67.48%.
CX currently has the higher Sharpe Ratio (2.42 vs 1.83), 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.
Find the right allocation for CX and ILF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer