IEF vs. MXNUSD=X
IEF (iShares 7-10 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while MXNUSD=X (MXN/USD) is a currency. Over the past 10 years, IEF returned 0.49%/yr vs 0.68%/yr for MXNUSD=X. At a correlation of -0.08, they often move in opposite directions.
Performance
IEF vs. MXNUSD=X - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -0.82% return, which is significantly lower than MXNUSD=X's 3.57% return. Over the past 10 years, IEF has underperformed MXNUSD=X with an annualized return of 0.49%, while MXNUSD=X has yielded a comparatively higher 0.68% annualized return.
IEF
- 1D
- -0.32%
- 1M
- -0.54%
- 6M
- -0.58%
- YTD
- -0.82%
- 1Y
- 2.96%
- 3Y*
- 2.64%
- 5Y*
- -1.58%
- 10Y*
- 0.49%
- ALL TIME*
- 3.37%
MXNUSD=X
- 1D
- 0.56%
- 1M
- -0.47%
- 6M
- 1.02%
- YTD
- 3.57%
- 1Y
- 7.53%
- 3Y*
- -0.78%
- 5Y*
- 2.98%
- 10Y*
- 0.68%
- ALL TIME*
- -2.39%
IEF vs. MXNUSD=X - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.82% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
MXNUSD=X MXN/USD | 3.57% | 15.65% | -18.53% | 14.83% | 5.29% | -3.10% | -4.83% | 3.73% | 0.35% | 5.25% |
Correlation
The correlation between IEF and MXNUSD=X is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007 | -0.08 |
The correlation between IEF and MXNUSD=X shifts across timeframes, from -0.08 (all time) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEF vs. MXNUSD=X — Risk / Return Rank
IEF
MXNUSD=X
IEF vs. MXNUSD=X - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) and MXN/USD (MXNUSD=X). 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.
| IEF | MXNUSD=X | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.15 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.09 | -0.36 |
| Martin ratioReturn relative to average drawdown | 1.82 | 3.76 | -1.94 |
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Drawdowns
IEF vs. MXNUSD=X - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, smaller than the maximum MXNUSD=X drawdown of -61.16%. Use the drawdown chart below to compare losses from any high point for IEF and MXNUSD=X.
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Drawdown Indicators
| IEF | MXNUSD=X | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -61.16% | +37.23% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -5.52% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -7.05% | -21.70% | +14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -21.70% | +0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -31.20% | +7.27% |
Current DrawdownCurrent decline from peak | -11.49% | -43.29% | +31.80% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -37.11% | +31.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.72% | -0.09% |
Volatility
IEF vs. MXNUSD=X - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.40%, while MXN/USD (MXNUSD=X) has a volatility of 1.77%. This indicates that IEF experiences smaller price fluctuations and is considered to be less risky than MXNUSD=X based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF | MXNUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 1.77% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 6.44% | -2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 7.69% | -2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 10.34% | -2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 12.19% | -5.58% |
Frequently Asked Questions
IEF and MXNUSD=X have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXNUSD=X has higher volatility (1.77%) compared to IEF (1.40%). In terms of maximum drawdown, IEF dropped -23.93% vs MXNUSD=X's -61.16%.
MXNUSD=X currently has the higher Sharpe Ratio (0.78 vs 0.63), 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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