DBRC.L vs. CMXC.L
DBRC.L (iShares BIC 50 UCITS ETF USD (Dist)) and CMXC.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) are both exchange-traded funds - DBRC.L is a Emerging Markets Equities fund tracking the FTSE BIC 50 Net of Tax Index, while CMXC.L is a Latin America Equities fund tracking the MSCI Mexico Capped Index (Net Return Index). Both are passively managed. Over the past 10 years, DBRC.L returned 2.34%/yr vs 6.76%/yr for CMXC.L. A 0.52 correlation means they provide meaningful diversification when combined. DBRC.L charges 0.74%/yr vs 0.65%/yr for CMXC.L.
Performance
DBRC.L vs. CMXC.L - Performance Comparison
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Returns By Period
In the year-to-date period, DBRC.L achieves a -9.46% return, which is significantly lower than CMXC.L's 10.69% return. Over the past 10 years, DBRC.L has underperformed CMXC.L with an annualized return of 2.34%, while CMXC.L has yielded a comparatively higher 6.76% annualized return.
DBRC.L
- 1D
- 0.43%
- 1M
- 2.61%
- 6M
- -13.69%
- YTD
- -9.46%
- 1Y
- -4.12%
- 3Y*
- 7.58%
- 5Y*
- -6.84%
- 10Y*
- 2.34%
CMXC.L
- 1D
- -0.16%
- 1M
- -3.55%
- 6M
- 3.72%
- YTD
- 10.69%
- 1Y
- 33.05%
- 3Y*
- 10.82%
- 5Y*
- 12.82%
- 10Y*
- 6.76%
DBRC.L vs. CMXC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBRC.L iShares BIC 50 UCITS ETF USD (Dist) | -9.46% | 29.65% | 13.80% | -7.59% | -28.96% | -23.93% | 20.04% | 21.82% | -8.40% | 36.18% |
CMXC.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 10.69% | 57.29% | -28.08% | 37.82% | -1.14% | 19.07% | -0.08% | 9.79% | -13.57% | 12.59% |
Correlation
The correlation between DBRC.L and CMXC.L is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2010 | 0.52 |
The correlation between DBRC.L and CMXC.L shifts across timeframes, from 0.38 (1 year) to 0.52 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
DBRC.L vs. CMXC.L — Risk / Return Rank
DBRC.L
CMXC.L
DBRC.L vs. CMXC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L) and iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.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.
| DBRC.L | CMXC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.25 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.26 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.16 | 2.41 | -2.57 |
| Martin ratioReturn relative to average drawdown | -0.36 | 8.00 | -8.36 |
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Drawdowns
DBRC.L vs. CMXC.L - Drawdown Comparison
The maximum DBRC.L drawdown since its inception was -70.16%, which is greater than CMXC.L's maximum drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for DBRC.L and CMXC.L.
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Drawdown Indicators
| DBRC.L | CMXC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.16% | -60.38% | -9.78% |
Max Drawdown (1Y)Largest decline over 1 year | -26.03% | -13.65% | -12.38% |
Max Drawdown (3Y)Largest decline over 3 years | -26.03% | -30.66% | +4.63% |
Max Drawdown (5Y)Largest decline over 5 years | -57.70% | -30.66% | -27.04% |
Max Drawdown (10Y)Largest decline over 10 years | -66.02% | -52.90% | -13.12% |
Current DrawdownCurrent decline from peak | -43.62% | -6.23% | -37.39% |
Average DrawdownAverage peak-to-trough decline | -31.51% | -18.97% | -12.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.39% | 4.12% | +7.27% |
Volatility
DBRC.L vs. CMXC.L - Volatility Comparison
iShares BIC 50 UCITS ETF USD (Dist) (DBRC.L) and iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) have volatilities of 6.01% and 6.16%, 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
| DBRC.L | CMXC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 6.16% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 18.99% | -3.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 22.20% | -2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.52% | 23.36% | +7.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.51% | 25.64% | +0.87% |
DBRC.L vs. CMXC.L - Expense Ratio Comparison
DBRC.L has a 0.74% expense ratio, which is higher than CMXC.L's 0.65% expense ratio.
Dividends
DBRC.L vs. CMXC.L - Dividend Comparison
DBRC.L's dividend yield for the trailing twelve months is around 1.60%, while CMXC.L has not paid dividends to shareholders.
| 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% |
DBRC.L iShares BIC 50 UCITS ETF USD (Dist) | 1.60% | 1.74% | 2.81% | 2.60% | 3.58% | 1.58% | 1.43% | 2.02% | 2.96% | 1.94% | 1.89% | 2.68% |
Frequently Asked Questions
DBRC.L and CMXC.L have a correlation of 0.38, 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 DBRC.L.
DBRC.L is categorized as Emerging Markets Equities, while CMXC.L is Latin America Equities. DBRC.L tracks FTSE BIC 50 Net of Tax Index, while CMXC.L tracks MSCI Mexico Capped Index (Net Return Index). Their fees differ too: 0.74% for DBRC.L and 0.65% for CMXC.L.
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