ILF vs. CX

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Latin American 40 ETF (ILF) and CEMEX, S.A.B. de C.V. (CX).

ILF is a passively managed fund by iShares that tracks the performance of the S&P Latin America 40 Index. It was launched on Oct 25, 2001.

Performance

ILF vs. CX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Latin American 40 ETF (ILF) and CEMEX, S.A.B. de C.V. (CX). The values are adjusted to include any dividend payments, if applicable.

ILF vs. CX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ILF iShares Latin American 40 ETF	16.65%	52.65%	-23.11%	33.14%	9.81%	-13.59%	-11.71%	13.77%	-6.85%	26.33%
CX CEMEX, S.A.B. de C.V.	-0.23%	105.97%	-26.48%	91.36%	-40.27%	31.14%	36.77%	-19.55%	-35.73%	-2.86%

Returns By Period

In the year-to-date period, ILF achieves a 16.65% return, which is significantly higher than CX's -0.23% return. Over the past 10 years, ILF has outperformed CX with an annualized return of 8.47%, while CX has yielded a comparatively lower 5.99% annualized return.

ILF

• 1D: 4.41%
• 1M: -2.63%
• YTD: 16.65%
• 6M: 25.92%
• 1Y: 58.11%
• 3Y*: 20.46%
• 5Y*: 13.16%
• 10Y*: 8.47%

CX

• 1D: 6.82%
• 1M: -8.36%
• YTD: -0.23%
• 6M: 27.77%
• 1Y: 105.90%
• 3Y*: 28.41%
• 5Y*: 11.32%
• 10Y*: 5.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

ILF vs. CX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ILF

ILF Risk / Return Rank: 95
ILF Sharpe Ratio Rank: 96
ILF Sortino Ratio Rank: 95
ILF Omega Ratio Rank: 94
ILF Calmar Ratio Rank: 96
ILF Martin Ratio Rank: 95

CX

CX Risk / Return Rank: 95
CX Sharpe Ratio Rank: 97
CX Sortino Ratio Rank: 95
CX Omega Ratio Rank: 94
CX Calmar Ratio Rank: 92
CX Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ILF vs. CX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Latin American 40 ETF (ILF) and CEMEX, S.A.B. de C.V. (CX). 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.

	ILF	CX	Difference
Sharpe ratio Return per unit of total volatility	2.48	3.02	-0.54
Sortino ratio Return per unit of downside risk	3.06	3.55	-0.48
Omega ratio Gain probability vs. loss probability	1.43	1.46	-0.03
Calmar ratio Return relative to maximum drawdown	4.47	4.34	+0.13
Martin ratio Return relative to average drawdown	15.54	16.76	-1.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ILF vs. CX - Sharpe Ratio Comparison

The current ILF Sharpe Ratio is 2.48, which is comparable to the CX Sharpe Ratio of 3.02. The chart below compares the historical Sharpe Ratios of ILF and CX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ILF	CX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.48	3.02	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.28	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.30	0.14	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.13	+0.18

Correlation

The correlation between ILF and CX is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ILF vs. CX - Dividend Comparison

ILF's dividend yield for the trailing twelve months is around 3.76%, more than CX's 0.78% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ILF iShares Latin American 40 ETF	3.76%	4.39%	7.44%	4.61%	12.72%	8.47%	1.88%	3.09%	3.12%	1.80%	1.59%	3.25%
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%

Drawdowns

ILF vs. CX - Drawdown Comparison

The maximum ILF drawdown since its inception was -67.48%, smaller than the maximum CX drawdown of -92.37%. Use the drawdown chart below to compare losses from any high point for ILF and CX.

Drawdown Indicators

	ILF	CX	Difference
Max Drawdown Largest peak-to-trough decline	-67.48%	-92.37%	+24.89%
Max Drawdown (1Y) Largest decline over 1 year	-12.67%	-23.99%	+11.32%
Max Drawdown (5Y) Largest decline over 5 years	-29.71%	-64.00%	+34.29%
Max Drawdown (10Y) Largest decline over 10 years	-57.79%	-83.70%	+25.91%
Current Drawdown Current decline from peak	-4.82%	-45.17%	+40.35%
Average Drawdown Average peak-to-trough decline	-24.07%	-51.25%	+27.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.65%	6.21%	-2.56%

Volatility

ILF vs. CX - Volatility Comparison

The current volatility for iShares Latin American 40 ETF (ILF) is 11.60%, while CEMEX, S.A.B. de C.V. (CX) has a volatility of 16.60%. This indicates that ILF experiences smaller price fluctuations and is considered to be less risky than CX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ILF	CX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.60%	16.60%	-5.00%
Volatility (6M) Calculated over the trailing 6-month period	17.90%	27.44%	-9.54%
Volatility (1Y) Calculated over the trailing 1-year period	23.59%	35.25%	-11.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.24%	40.10%	-16.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.59%	43.38%	-14.79%