KOF vs. EWW
KOF (Coca-Cola FEMSA, S.A.B. de C.V.) is a stock, while EWW (iShares MSCI Mexico ETF) is Latin America Equities fund tracking the MSCI Mexico IMI 25/50 Index. Over the past 10 years, KOF returned 7.84%/yr vs 7.05%/yr for EWW. Their 0.55 correlation means they have sometimes moved together and sometimes differently.
Performance
KOF vs. EWW - Performance Comparison
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Returns By Period
In the year-to-date period, KOF achieves a 15.43% return, which is significantly higher than EWW's 12.04% return. Over the past 10 years, KOF has outperformed EWW with an annualized return of 7.84%, while EWW has yielded a comparatively lower 7.05% annualized return.
KOF
- 1D
- -1.16%
- 1M
- 0.74%
- 6M
- 3.90%
- YTD
- 15.43%
- 1Y
- 34.13%
- 3Y*
- 14.29%
- 5Y*
- 18.41%
- 10Y*
- 7.84%
- ALL TIME*
- 10.63%
EWW
- 1D
- -0.34%
- 1M
- 1.39%
- 6M
- 2.98%
- YTD
- 12.04%
- 1Y
- 32.83%
- 3Y*
- 10.69%
- 5Y*
- 12.92%
- 10Y*
- 7.05%
- ALL TIME*
- 8.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $81.87M | $77.20M | $92.45M | |
| $16.14M | $15.93M | $14.48M |
KOF vs. EWW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KOF Coca-Cola FEMSA, S.A.B. de C.V. | 15.43% | 27.03% | -14.60% | 45.09% | 29.83% | 24.85% | -19.17% | 2.46% | -9.99% | 12.36% |
EWW iShares MSCI Mexico ETF | 12.04% | 53.65% | -28.22% | 40.32% | 1.24% | 20.27% | -3.06% | 12.64% | -14.58% | 14.47% |
Correlation
The correlation between KOF and EWW is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.55 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 1996 | 0.55 |
The correlation between KOF and EWW has been stable across timeframes, ranging from 0.55 to 0.62 - a consistent structural relationship.
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Return for Risk
KOF vs. EWW — Risk / Return Rank
KOF
EWW
KOF vs. EWW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Coca-Cola FEMSA, S.A.B. de C.V. (KOF) and iShares MSCI Mexico ETF (EWW). 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.
| KOF | EWW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 2.36 | -0.47 |
| Martin ratioReturn relative to average drawdown | 5.43 | 7.62 | -2.20 |
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Drawdowns
KOF vs. EWW - Drawdown Comparison
The maximum KOF drawdown since its inception was -74.81%, which is greater than EWW's maximum drawdown of -64.94%. Use the drawdown chart below to compare losses from any high point for KOF and EWW.
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Drawdown Indicators
| KOF | EWW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.81% | -64.94% | -9.87% |
Max Drawdown (1Y)Largest decline over 1 year | -18.13% | -13.98% | -4.15% |
Max Drawdown (3Y)Largest decline over 3 years | -24.50% | -31.17% | +6.67% |
Max Drawdown (5Y)Largest decline over 5 years | -24.50% | -31.17% | +6.67% |
Max Drawdown (10Y)Largest decline over 10 years | -55.04% | -53.62% | -1.42% |
Current DrawdownCurrent decline from peak | -4.56% | -4.37% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -28.92% | -18.45% | -10.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 4.32% | +1.98% |
Volatility
KOF vs. EWW - Volatility Comparison
Coca-Cola FEMSA, S.A.B. de C.V. (KOF) has a higher volatility of 8.12% compared to iShares MSCI Mexico ETF (EWW) at 5.26%. This indicates that KOF's price experiences larger fluctuations and is considered to be riskier than EWW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KOF | EWW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.12% | 5.26% | +2.86% |
Volatility (6M)Calculated over the trailing 6-month period | 19.09% | 18.05% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.37% | 22.07% | +3.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.52% | 22.57% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.86% | 25.25% | +0.61% |
Dividends
KOF vs. EWW - Dividend Comparison
KOF's dividend yield for the trailing twelve months is around 3.93%, more than EWW's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWW iShares MSCI Mexico ETF | 3.22% | 3.48% | 4.39% | 2.19% | 3.64% | 2.06% | 1.43% | 2.92% | 2.30% | 2.22% | 1.77% | 2.34% |
KOF Coca-Cola FEMSA, S.A.B. de C.V. | 3.93% | 4.09% | 4.20% | 3.37% | 3.99% | 4.59% | 5.22% | 2.75% | 2.95% | 2.52% | 2.84% | 2.74% |
Frequently Asked Questions
KOF and EWW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KOF has higher volatility (8.12%) compared to EWW (5.26%). In terms of maximum drawdown, KOF dropped -74.81% vs EWW's -64.94%.
EWW currently has the higher Sharpe Ratio (1.50 vs 1.35), 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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