FVUB.L vs. CMXC.L
FVUB.L (Franklin FTSE Brazil UCITS ETF) and CMXC.L (iShares MSCI Mexico Capped UCITS ETF USD (Acc)) are both Latin America Equities funds - FVUB.L tracks the MSCI Brazil NR USD while CMXC.L tracks the MSCI Mexico Capped Index (Net Return Index). Both are passively managed. Over the past 5 years, FVUB.L returned 7.26%/yr vs 13.24%/yr for CMXC.L. At a 0.47 correlation, their price movements are largely independent. FVUB.L charges 0.19%/yr vs 0.65%/yr for CMXC.L.
Performance
FVUB.L vs. CMXC.L - Performance Comparison
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Different Trading Currencies
FVUB.L is traded in GBP, while CMXC.L is traded in USD. To make them comparable, the CMXC.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, FVUB.L achieves a 16.90% return, which is significantly higher than CMXC.L's 10.42% return.
FVUB.L
- 1D
- -1.33%
- 1M
- 0.97%
- 6M
- 12.79%
- YTD
- 16.90%
- 1Y
- 38.28%
- 3Y*
- 10.42%
- 5Y*
- 7.26%
- 10Y*
- —
CMXC.L
- 1D
- 0.00%
- 1M
- -5.32%
- 6M
- 4.60%
- YTD
- 10.42%
- 1Y
- 32.77%
- 3Y*
- 9.63%
- 5Y*
- 13.24%
- 10Y*
- 6.55%
FVUB.L vs. CMXC.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
FVUB.L Franklin FTSE Brazil UCITS ETF | 16.90% | 35.51% | -26.76% | 26.32% | 23.83% | -15.44% | -22.19% | -14.94% |
CMXC.L iShares MSCI Mexico Capped UCITS ETF USD (Acc) | 10.42% | 46.08% | -26.83% | 30.93% | 10.61% | 20.19% | -3.01% | 2.99% |
Correlation
The correlation between FVUB.L and CMXC.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2019 | 0.47 |
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Return for Risk
FVUB.L vs. CMXC.L — Risk / Return Rank
FVUB.L
CMXC.L
FVUB.L vs. CMXC.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Brazil UCITS ETF (FVUB.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.
| FVUB.L | CMXC.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.36 | 2.44 | -0.08 |
| Martin ratioReturn relative to average drawdown | 6.11 | 8.31 | -2.20 |
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Drawdowns
FVUB.L vs. CMXC.L - Drawdown Comparison
The maximum FVUB.L drawdown since its inception was -58.22%, which is greater than CMXC.L's maximum drawdown of -50.68%. Use the drawdown chart below to compare losses from any high point for FVUB.L and CMXC.L.
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Drawdown Indicators
| FVUB.L | CMXC.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.22% | -50.68% | -7.54% |
Max Drawdown (1Y)Largest decline over 1 year | -16.15% | -13.15% | -3.00% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | -29.79% | -8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -38.23% | -29.79% | -8.44% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.68% | — |
Current DrawdownCurrent decline from peak | -12.10% | -6.96% | -5.14% |
Average DrawdownAverage peak-to-trough decline | -28.28% | -14.43% | -13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.25% | 3.86% | +2.39% |
Volatility
FVUB.L vs. CMXC.L - Volatility Comparison
The current volatility for Franklin FTSE Brazil UCITS ETF (FVUB.L) is 5.10%, while iShares MSCI Mexico Capped UCITS ETF USD (Acc) (CMXC.L) has a volatility of 5.62%. This indicates that FVUB.L experiences smaller price fluctuations and is considered to be less risky than CMXC.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVUB.L | CMXC.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.10% | 5.62% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 16.60% | 18.36% | -1.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.87% | 21.56% | +0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.04% | 22.13% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.31% | 25.06% | +8.25% |
FVUB.L vs. CMXC.L - Expense Ratio Comparison
FVUB.L has a 0.19% expense ratio, which is lower than CMXC.L's 0.65% expense ratio.
Dividends
FVUB.L vs. CMXC.L - Dividend Comparison
Neither FVUB.L nor CMXC.L has paid dividends to shareholders.
Frequently Asked Questions
FVUB.L and CMXC.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FVUB.L is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FVUB.L is cheaper with a 0.19% expense ratio, compared with 0.65% for CMXC.L.
FVUB.L tracks MSCI Brazil NR USD, while CMXC.L tracks MSCI Mexico Capped Index (Net Return Index). They also come from different issuers: Franklin Templeton and iShares. Their fees differ too: 0.19% for FVUB.L and 0.65% for CMXC.L.
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