MXNUSD=X vs. IEF
MXNUSD=X (MXN/USD) is a currency, while IEF (iShares 7-10 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index. Over the past 10 years, MXNUSD=X returned 0.68%/yr vs 0.49%/yr for IEF. At a correlation of -0.08, they often move in opposite directions.
Performance
MXNUSD=X vs. IEF - Performance Comparison
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Returns By Period
In the year-to-date period, MXNUSD=X achieves a 3.57% return, which is significantly higher than IEF's -0.82% return. Over the past 10 years, MXNUSD=X has outperformed IEF with an annualized return of 0.68%, while IEF has yielded a comparatively lower 0.49% annualized return.
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
- 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 vs. IEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXNUSD=X MXN/USD | 3.57% | 15.65% | -18.53% | 14.83% | 5.29% | -3.10% | -4.83% | 3.73% | 0.35% | 5.25% |
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% |
Correlation
The correlation between MXNUSD=X and IEF 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 MXNUSD=X and IEF 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
MXNUSD=X vs. IEF — Risk / Return Rank
MXNUSD=X
IEF
MXNUSD=X vs. IEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for MXN/USD (MXNUSD=X) and iShares 7-10 Year Treasury Bond ETF (IEF). 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.
| MXNUSD=X | IEF | 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 | 1.15 | 1.11 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 0.73 | +0.36 |
| Martin ratioReturn relative to average drawdown | 3.76 | 1.82 | +1.94 |
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Drawdowns
MXNUSD=X vs. IEF - Drawdown Comparison
The maximum MXNUSD=X drawdown since its inception was -61.16%, which is greater than IEF's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for MXNUSD=X and IEF.
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Drawdown Indicators
| MXNUSD=X | IEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.16% | -23.93% | -37.23% |
Max Drawdown (1Y)Largest decline over 1 year | -5.52% | -4.07% | -1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -7.05% | -14.65% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -21.40% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -31.20% | -23.93% | -7.27% |
Current DrawdownCurrent decline from peak | -43.29% | -11.49% | -31.80% |
Average DrawdownAverage peak-to-trough decline | -37.11% | -5.37% | -31.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.63% | +0.09% |
Volatility
MXNUSD=X vs. IEF - Volatility Comparison
MXN/USD (MXNUSD=X) has a higher volatility of 1.77% compared to iShares 7-10 Year Treasury Bond ETF (IEF) at 1.40%. This indicates that MXNUSD=X's price experiences larger fluctuations and is considered to be riskier than IEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXNUSD=X | IEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.77% | 1.40% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 6.44% | 3.62% | +2.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.69% | 4.71% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.34% | 7.70% | +2.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.19% | 6.61% | +5.58% |
Frequently Asked Questions
MXNUSD=X and IEF 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, MXNUSD=X dropped -61.16% vs IEF's -23.93%.
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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