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 0.59%/yr vs 0.93%/yr for MXNUSD=X. At a correlation of -0.08, they often move in opposite directions.
Performance
IEF vs. MXNUSD=X - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IEF achieves a -0.47% return, which is significantly lower than MXNUSD=X's 4.58% return. Over the past 10 years, IEF has underperformed MXNUSD=X with an annualized return of 0.59%, while MXNUSD=X has yielded a comparatively higher 0.93% annualized return.
IEF
- 1D
- -0.17%
- 1M
- 0.19%
- YTD
- -0.47%
- 6M
- -0.18%
- 1Y
- 3.39%
- 3Y*
- 2.86%
- 5Y*
- -1.24%
- 10Y*
- 0.59%
MXNUSD=X
- 1D
- 0.10%
- 1M
- -0.28%
- YTD
- 4.58%
- 6M
- 4.56%
- 1Y
- 9.66%
- 3Y*
- 0.02%
- 5Y*
- 2.90%
- 10Y*
- 0.93%
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 | -0.47% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
MXNUSD=X MXN/USD | 4.58% | 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 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
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 | 0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 12, 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.
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
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 | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.19 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 0.84 | 1.40 | -0.56 |
| Martin ratioReturn relative to average drawdown | 2.35 | 5.15 | -2.80 |
Loading charts...
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.
Loading charts...
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 | -7.74% | -21.70% | +13.96% |
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 | -11.18% | -42.73% | +31.55% |
Average DrawdownAverage peak-to-trough decline | -5.35% | -36.86% | +31.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 1.60% | -0.15% |
Volatility
IEF vs. MXNUSD=X - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.62%, while MXN/USD (MXNUSD=X) has a volatility of 1.95%. 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.
Loading charts...
Volatility by Period
| IEF | MXNUSD=X | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 1.95% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 3.42% | 6.86% | -3.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 7.60% | -2.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.71% | 10.45% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.63% | 12.39% | -5.76% |
Frequently Asked Questions
IEF and MXNUSD=X have a correlation of 0.16, 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 (1.95%) compared to IEF (1.62%). In terms of maximum drawdown, IEF dropped -23.93% vs MXNUSD=X's -61.16%.
MXNUSD=X currently has the higher Sharpe Ratio (1.01 vs 0.72), 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 IEF and MXNUSD=X
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