# How América Móvil, S.A.B. de C.V. (AMX) compares with the whole market and its popular alternatives

> Source: EasyCompare research, https://easycompare.io/research/amx
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on AMX alone. It places AMX (América Móvil, S.A.B. de C.V.) against 19 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where AMX stands in the market, and of the alternatives worth a closer look.

Period covered: AMX's full trading record, from February 2001 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

## Key findings

- **Right now:** Over the past 6 months, AMX fell 11.8% while the S&P 500 rose 9.1%. Its telecommunication peers split over the past 6 months: VOD (Vodafone Group Public) rose 3.4%, while TMUS (T-Mobile US) fell 19.6%.
- **Stock or market?:** The weakness is AMX's own: it fell 12.3% over the past 3 months while the telecommunications ETF IYZ (iShares U.S. Telecommunications ETF) fell 1.4%. The S&P 500 rose 3.9%. Its telecommunication peers did not move as one over the past 3 months: T (AT&T) rose 8.0%, while TMUS (T-Mobile US) fell 18.9%.
- **Past 1 to 3 years:** AMX has trailed the market, rising 5.0% over the past year against 15.8% for the S&P 500 and 17.9% for the Nasdaq 100. The same gap shows up over 3 years (48.3% against 89.3%). On the flip side, AMX lagged its telecommunication peers in 2023, then moved up the pack in 2025.
- **Long term:** AMX turned $10,000 into $24,900 over the past decade, against $42,100 in the S&P 500. That said, over the past decade, only TMUS (T-Mobile US) of its telecommunication peers outpaced AMX.
- **In a crash:** Across six sell-offs, AMX has typically fallen 1.4 times as far as the S&P 500.
- **Diversification:** AMX is some diversification, but not a hedge: a correlation of 0.34 with the S&P 500 over 5 years and 0.34 with the total US market, less closely than 63% of stocks worth at least $300 million. Over 10 years, AMX's beta versus the S&P 500 was 0.69: 58% of the S&P 500's gains in rising months and 55% of its losses in falling ones.
- **Better options**
  - **Popular alternatives:** KT earned more than AMX with less volatility over the past 5 years: 13.1% a year at 22.6% volatility, against 8.5% a year at 25.8%.
  - **Nearby categories and themes:** MSI (Motorola Solutions, communications equipment) earned more than AMX with less volatility over the past 5 years: 14.8% a year at 23.6% volatility, against 8.5% a year at 25.8%.
  - **Whole market:** 426 of the 3,633 stocks and funds worth at least $500 million earned more than AMX with less volatility over the past 5 years, among them VTI (Vanguard Morningstar Total Stock Market ETF), VOO (Vanguard S&P 500 ETF) and BRK-B (Berkshire Hathaway).

## How much would $10,000 in AMX have grown?

This chart tracks a hypothetical $10,000 investment in AMX over the past 25 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of AMX over the same span and AMX's popular alternatives, among those that traded for the entire period.

- $10,000 invested in AMX at the end of September 2001 would have grown to $138,479 by September 2026, more than the $114,557 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of AMX, and IDCC finished highest, at $592,611.

## AMX at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- AMX's deepest decline since it began trading in 2001 was 65.4%, from October 2007 to October 2008. It took about 17 years from the low to climb back to its old high.
- Over 24 full calendar years, AMX's best was 2004, when it returned 92.3%, and its worst was 2008, when it lost 49.0%. It lost money in ten of those years.
- AMX is 16.5% below its all-time high.

- Type: Stock, Communication (Telecommunications Services)
- Trading since: February 7, 2001
- Market value: $68B
- Volatility (5 years): 25.8%; Sharpe ratio: 0.45
- Worst decline ever: −65.4%, from October 18, 2007 to October 27, 2008; back at its high by October 16, 2025

| Period | AMX total return |
| --- | --- |
| 1 month | +2.0% |
| 3 months | −12.3% |
| 6 months | −11.8% |
| year to date | +12.1% |
| 1 year | +5.0% |
| 3 years | +48.3% |
| 5 years | +50.5% |
| 10 years | +149% |

## AMX against the whole market

Where AMX ranks among every stock and fund, and what across the market has done better.

### How does AMX rank among all stocks?

This section ranks AMX on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- AMX's worst decline of the past 10 years ranks in the top 13% of the 2,187 stocks worth at least $300 million, where the top fell the least.

| Measure | AMX | Rank |
| --- | --- | --- |
| 1-year return | +5.0% | 1,774 of 3,287 (top 54%) |
| 3-year return | +48.3% | 1,574 of 3,017 (top 53%) |
| 5-year return | +50.5% | 1,088 of 2,893 (top 38%) |
| 10-year return | +149% | 1,083 of 2,202 (top 50%) |
| Volatility, 5 years | 25.8% | 391 of 2,893 (top 14%) |
| Sharpe ratio, 5 years | 0.45 | 1,091 of 2,893 (top 38%) |
| Worst decline, past 10 years | −44.4% | 274 of 2,187 (top 13%) |

### What has beaten AMX on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- 88 stocks and 338 ETFs worth at least $500 million sit in the green region: each earned more than AMX over the past 5 years with smaller price swings. That is 12% of the 3,633 screened.
- Among those with at least half AMX's swings, DXJ has the best return for its risk: 26.6% a year at 19.1% volatility, 26% less than AMX's 25.8%, and a Sharpe ratio (return above cash per unit of volatility) of 1.34 against 0.45 for AMX.
- Among AMX's popular alternatives, KT is in the region. KT earned 13.1% a year against 8.5% a year for AMX, at 22.6% volatility, 13% less than AMX's 25.8%.

### Is there a better investment than AMX?

The table below lists investments that beat AMX over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among AMX's popular alternatives, KT earned more than AMX with less volatility over the past 5 years: 13.1% a year at 22.6% volatility, against 8.5% a year at 25.8%.
- Looking beyond its popular alternatives, MSI (communications equipment) earned more than AMX with less volatility over the past 5 years: 14.8% a year at 23.6% volatility, against 8.5% a year at 25.8%.
- Across the whole market, 426 of the 3,633 stocks and funds worth at least $500 million earned more than AMX with less volatility over the past 5 years, among them VTI, VOO and BRK-B.

The 15 strongest of 426 investments that beat AMX over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with AMX | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| AMX: América Móvil, S.A.B. de C.V. (this page) |  | +8.5% | 25.8% | 0.45 | −44.4% | +149% |  |  |
| [JNJ](https://easycompare.io/research/jnj): Johnson & Johnson | Pharmaceuticals | +12.7% | 17.9% | 0.76 | −27.4% | +196% | 0.34 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| DXJ: WisdomTree Japan Hedged Equity Fund | International Equity | +26.6% | 19.1% | 1.34 | −39.1% | +428% | 0.37 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [NVS](https://easycompare.io/research/nvs): Novartis AG | Pharmaceuticals | +17.1% | 20.7% | 0.87 | −26.8% | +226% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [LIN](https://easycompare.io/research/lin): Linde plc | Chemicals | +11.5% | 20.9% | 0.63 | −32.6% | +394% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [VIG](https://easycompare.io/research/vig): Vanguard Dividend Appreciation ETF | US Dividend Equity | +10.4% | 14.1% | 0.78 | −31.7% | +258% | 0.42 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [SCHD](https://easycompare.io/research/schd): Schwab U.S. Dividend Equity ETF | US Dividend Equity | +9.7% | 14.3% | 0.72 | −33.4% | +252% | 0.37 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [RSG](https://easycompare.io/research/rsg): Republic Services, Inc. | Environmental Services | +13.9% | 18.5% | 0.80 | −34.0% | +446% | 0.24 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [AEP](https://easycompare.io/research/aep): American Electric Power Company, Inc. | Electric Utilities | +12.4% | 20.2% | 0.68 | −32.9% | +185% | 0.49 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| ATO: Atmos Energy Corporation | Gas Utilities | +14.9% | 18.4% | 0.85 | −32.9% | +194% | 0.61 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| MGV: Vanguard Morningstar Mega Cap Value ETF | US Large-Cap Value | +12.6% | 13.4% | 0.95 | −35.4% | +244% | 0.39 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [VTI](https://easycompare.io/research/vti): Vanguard Morningstar Total Stock Market ETF | US Total Market | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.34 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | International Equity | +13.1% | 13.8% | 0.96 | −32.5% | +206% | 0.47 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [VOO](https://easycompare.io/research/voo): Vanguard S&P 500 ETF | US Large-Cap Equity | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.34 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| IOO: iShares Global 100 ETF | Global Equity | +15.7% | 17.2% | 0.94 | −31.4% | +361% | 0.33 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [WMT](https://easycompare.io/research/wmt): Walmart Inc. | Discount Retail | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.23 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## AMX against its popular alternatives

The investments people most often weigh against AMX, compared period by period and year by year.

### How do AMX's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- Only KT and T were both more rewarding and calmer than AMX over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, AMX returned 8.5% a year, less than the S&P 500's 12.7%, with higher volatility (25.8% against 17.1%).

### Has AMX consistently beaten its popular alternatives?

This section compares AMX with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- Five of the 19 popular alternatives, led by ERIC, SKM and TIGO, outperformed AMX in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- CHT and T earned more for the risk they took than AMX (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of AMX | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| AMX: América Móvil, S.A.B. de C.V. (this page) | +5.0% | +48.3% | +50.5% | +149% |  |  | 0.45 |
| ERIC: Telefonaktiebolaget LM Ericsson (publ) | +15.6% | +164% | +8.9% | +161% | 5/5 short-term, 2/3 long-term | consistent | 0.23 |
| SKM: SK Telecom Co.,Ltd | +52.7% | +79.8% | +52.4% | +152% | 3/5 short-term, 2/3 long-term | consistent | 0.43 |
| TIGO: Millicom International Cellular S.A. | +78.9% | +540% | +159% | +129% | 3/5 short-term, 2/3 long-term | consistent | 0.67 |
| [NOK](https://easycompare.io/research/nok): Nokia Oyj | +60.8% | +211% | +72.8% | +123% | 3/5 short-term, 2/3 long-term | consistent | 0.47 |
| VIV: Telefônica Brasil S.A. | +11.9% | +68.9% | +104% | +33.3% | 3/5 short-term, 2/3 long-term | consistent | 0.64 |
| [T](https://easycompare.io/research/t): AT&T Inc. | −5.9% | +77.2% | +59.7% | +60.7% | 2/5 short-term, 2/3 long-term |  | 0.50 |
| KT: KT Corporation | +1.5% | +82.9% | +84.9% | +84.9% | 1/5 short-term, 2/3 long-term |  | 0.66 |
| TIMB: TIM S.A. | −7.7% | +51.7% | +131% | +112% | 0/5 short-term, 2/3 long-term |  | 0.69 |
| [VZ](https://easycompare.io/research/vz): Verizon Communications Inc. | +16.4% | +71.5% | +14.4% | +55.8% | 4/5 short-term, 1/3 long-term |  | 0.23 |
| [VOD](https://easycompare.io/research/vod): Vodafone Group Public Limited Company | +41.9% | +109% | +44.9% | +9.3% | 4/5 short-term, 1/3 long-term |  | 0.41 |
| [TMUS](https://easycompare.io/research/tmus): T-Mobile US, Inc. | −30.0% | +21.1% | +36.1% | +253% | 0/5 short-term, 1/3 long-term |  | 0.37 |
| CHT: Chunghwa Telecom Co., Ltd. | +12.9% | +49.3% | +45.1% | +101% | 5/5 short-term, 0/3 long-term |  | 0.63 |
| [AMT](https://easycompare.io/research/amt): American Tower Corporation | −1.1% | +27.5% | −21.8% | +107% | 3/5 short-term, 0/3 long-term |  | -0.04 |
| SBAC: SBA Communications Corporation | −6.2% | +0.4% | −41.5% | +79.2% | 2/5 short-term, 0/3 long-term |  | -0.20 |
| RCI: Rogers Communications Inc. | −8.4% | −1.3% | −21.7% | +12.2% | 2/5 short-term, 0/3 long-term |  | -0.09 |
| BCE: BCE Inc. | −11.4% | −32.5% | −45.2% | −20.1% | 1/5 short-term, 0/3 long-term |  | -0.51 |
| TKC: Turkcell Iletisim Hizmetleri A.S. | −13.0% | +24.6% | +35.1% | −5.2% | 0/5 short-term, 0/3 long-term |  | 0.35 |
| TU: TELUS Corporation | −38.9% | −34.4% | −48.2% | −8.4% | 0/5 short-term, 0/3 long-term |  | -0.55 |
| TLK: Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk | −30.3% | −38.8% | −41.9% | −41.4% | 0/5 short-term, 0/3 long-term |  | -0.24 |

### How did AMX do year by year?

This table shows each investment's total return in every full calendar year since 2002, along with where AMX ranked among its popular alternatives each year.

- AMX finished ahead of the S&P 500 in 11 of its 24 full calendar years.
- Among its popular alternatives, TMUS came out ahead of AMX most often, in 12 of the 18 years both traded.
- Ranked against its popular alternatives each year, AMX finished in the top quarter in five of 24 years and in the bottom quarter in three. In 2025, it ranked 6 of 20.

| Year | AMX | SPY |
| --- | --- | --- |
| 2025 | +48.6% | +17.7% |
| 2024 | −20.3% | +24.9% |
| 2023 | +4.6% | +26.2% |
| 2022 | −10.2% | −18.2% |
| 2021 | +48.8% | +28.7% |
| 2020 | −6.7% | +18.3% |
| 2019 | +15.0% | +31.2% |
| 2018 | −15.2% | −4.6% |
| 2017 | +39.1% | +21.7% |
| 2016 | −8.5% | +12.0% |

## Risk and diversification

How AMX has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were AMX's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of AMX's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: AMX fell 24.4% from June to October 2026, while the S&P 500 rose 3.5%.
- The slowest recovery came after AMX fell 65.4% from October 2007 to October 2008; it did not regain that peak until October 2025, 17 years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −65.4% | October 18, 2007 | October 27, 2008 | October 16, 2025 | −44.2% | 2008 financial crisis |
| −50.0% | February 12, 2001 | August 5, 2002 | August 14, 2003 | −36.0% | dot-com bust |
| −32.4% | May 9, 2006 | June 14, 2006 | October 12, 2006 | −6.9% |  |
| −24.4% | June 12, 2026 | October 1, 2026 | not yet | +3.5% |  |
| −21.2% | April 12, 2004 | May 10, 2004 | October 1, 2004 | −5.2% |  |

### How did AMX do in stock market crashes?

This section measures how far AMX, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- Among its popular alternatives, CHT held up best, falling less than AMX in eight of the nine crashes they both traded through.
- AMX began trading after the dot-com bust, but 16 of its popular alternatives lived through it. The mildest fall among them was BCE's 50.7%, against 47.5% for the S&P 500.
- AMX fell further than the S&P 500 in five of the nine crashes it has traded through. The clearest case was the 2015 China and oil sell-off, when AMX fell 33.5% and the S&P 500 fell 12.8%.

| Crash | Dates | AMX fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −65.4% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | 0.0% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −18.8% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −33.5% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −6.3% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −24.9% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −36.3% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −24.8% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −2.8% | −3.4% |

### How closely does AMX move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Over the past 10 years, AMX captured 58% of the S&P 500's gains in rising months and 55% of its losses in falling months, with a beta of 0.69. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- Only CHT and TMUS had a higher capture ratio (upside capture divided by downside capture) than AMX's 1.05, out of 19 popular alternatives with the same record.
- TMUS took just 37% of the S&P 500's losses, against 55% for AMX, while still keeping 63% of its gains.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| AMX: América Móvil, S.A.B. de C.V. (this page) | 58.0% | 55.0% | 0.69 |
| ERIC: Telefonaktiebolaget LM Ericsson (publ) | 73.0% | 108% | 0.71 |
| SKM: SK Telecom Co.,Ltd | 90.0% | 111% | 0.86 |
| TIGO: Millicom International Cellular S.A. | 70.0% | 82.0% | 0.88 |
| [NOK](https://easycompare.io/research/nok): Nokia Oyj | 63.0% | 72.0% | 1.01 |
| VIV: Telefônica Brasil S.A. | 37.0% | 65.0% | 0.54 |
| [T](https://easycompare.io/research/t): AT&T Inc. | 47.0% | 62.0% | 0.50 |
| KT: KT Corporation | 66.0% | 88.0% | 0.71 |
| TIMB: TIM S.A. | 53.0% | 50.0% | 0.59 |
| [VZ](https://easycompare.io/research/vz): Verizon Communications Inc. | 44.0% | 60.0% | 0.36 |
| [VOD](https://easycompare.io/research/vod): Vodafone Group Public Limited Company | 52.0% | 100% | 0.69 |
| [TMUS](https://easycompare.io/research/tmus): T-Mobile US, Inc. | 63.0% | 37.0% | 0.46 |
| CHT: Chunghwa Telecom Co., Ltd. | 26.0% | 8.0% | 0.18 |
| [AMT](https://easycompare.io/research/amt): American Tower Corporation | 61.0% | 79.0% | 0.60 |
| SBAC: SBA Communications Corporation | 55.0% | 79.0% | 0.64 |
| RCI: Rogers Communications Inc. | 53.0% | 104% | 0.59 |
| BCE: BCE Inc. | 43.0% | 100% | 0.50 |
| TKC: Turkcell Iletisim Hizmetleri A.S. | 45.0% | 94.0% | 0.78 |
| TU: TELUS Corporation | 42.0% | 93.0% | 0.67 |
| TLK: Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk | 33.0% | 97.0% | 0.57 |

### What diversifies AMX?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in AMX into LVHI would have cut the portfolio's volatility by 17% over the past 5 years and raised its annual return (+6.9% for AMX alone, +9.3% for the mix).
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of AMX over the past 5 years, with correlations of 0.48 or lower, and each still earned a positive 5-year return.
- CAH made money in six of the ten calendar years in which AMX lost money.

| Investment | Correlation with AMX | 5Y return | Volatility | Sharpe | Rose in AMX's 10 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.48 | +119% | 11.1% | 1.48 | 2 of 10 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.37 | +225% | 19.1% | 1.34 | 6 of 10 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.37 | +101% | 14.5% | 1.04 | 4 of 10 |
| HDV: iShares Core High Dividend ETF | 0.40 | +83.3% | 13.0% | 1.00 | 4 of 10 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.23 | +323% | 36.9% | 0.97 | 5 of 10 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.47 | +85.0% | 13.8% | 0.96 | 5 of 10 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.26 | +126% | 18.9% | 0.96 | 5 of 10 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.21 | +136% | 20.8% | 0.93 | 3 of 10 |

## Common questions

### What was AMX's worst drawdown?

AMX's deepest decline since it began trading in 2001 was 65.4%, from October 2007 to October 2008. It took about 17 years from the low to climb back to its old high.

### What were AMX's best and worst years?

Over 24 full calendar years, AMX's best year was 2004, when it returned 92.3%. Its worst was 2008, with a return of -49.0%.

### Is there a better investment than AMX?

Among AMX's popular alternatives, KT earned more than AMX with less volatility over the past 5 years: 13.1% a year at 22.6% volatility, against 8.5% a year at 25.8%. Looking beyond its popular alternatives, MSI (communications equipment) earned more than AMX with less volatility over the past 5 years: 14.8% a year at 23.6% volatility, against 8.5% a year at 25.8%.

### Is AMX more volatile than the S&P 500?

Yes. AMX's volatility over the past 5 years was 25.8%, 1.5 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, AMX's return lands within 25.8% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is AMX's Sharpe ratio?

AMX's Sharpe ratio over the past 5 years was 0.45, against 0.79 for the S&P 500, so AMX earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is AMX with the S&P 500?

Over the past 5 years, AMX's monthly returns had a correlation of 0.34 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against AMX instead: the lower it is, the more that option would diversify a AMX holding.

### What are the best alternatives to AMX?

Of the 19 popular alternatives we compared, five outperformed AMX in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: ERIC, SKM and TIGO.

### Did AMX outperform the S&P 500?

AMX finished ahead of the S&P 500 (SPY) in 11 of 24 full calendar years. In 2025, it returned +48.6%, against +17.7% for the index.

### How did AMX do in stock market crashes?

AMX fell less than the S&P 500 (SPY) in two of the nine major crashes it has traded through, and further in five. The clearest case was the 2015 China and oil sell-off, when AMX fell 33.5% and the S&P 500 fell 12.8%.

### What diversifies AMX?

These had a low correlation with AMX over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.48), DXJ (correlation 0.37) and EMLP (correlation 0.37); among large stocks, CAH (correlation 0.25), CLS (correlation 0.14) and FIX (correlation 0.39). A correlation near zero means the two have moved largely independently.

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## Explore further

- Full page with charts: https://easycompare.io/research/amx
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against AMX live: https://betterthanspy.com/?b=AMX&utm_source=easycompare&utm_medium=research