BCH vs MXF: Correlation
How closely do Banco De Chile (BCH) and Mexico Fund, Inc. (The) (MXF) trade together? Their weekly returns over three years give a correlation of 0.58, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCH and MXF?
On 3 years of weekly data the BCH/MXF correlation comes out at 0.58, moderate. Little has changed lately, as the 1-year reading of 0.51 lands near the 3-year figure. The 5-year figure is 0.40, and annualized covariance runs at 304.4 %².
MXF is one of the assets that tracks BCH most closely: it ranks #3 out of the 15 assets we track against BCH. Their recent paths diverged sharply: over the last 12 months BCH outperformed by 25.9 percentage points (+55.4% for BCH against +29.5% for MXF).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
BCH vs MXF: side by side
| BCH (Banco De Chile) | MXF (Mexico Fund, Inc. (The)) | |
|---|---|---|
| 1-year return | +55.4% | +29.5% |
| 5-year return | +219.8% | +82.1% |
| Volatility (ann.) | 24.6% | 21.3% |
| Beta vs S&P 500 | 0.63 | 0.67 |
| Max drawdown (3Y) | -20.0% | -30.7% |
| Market cap | $21.0B | $0.3B |
| P/E (trailing) | 15.8 | 3.4 |
| Dividend yield | 0.00% | 5.43% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BCH | MXF |
|---|---|---|
| 2022 | +41.2% | -1.7% |
| 2023 | +23.4% | +35.8% |
| 2024 | +6.1% | -27.1% |
| 2025 | +81.2% | +61.9% |
| 2026 | +16.1% | +14.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCH and MXF good diversifiers for each other?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between BCH and MXF?
Using weekly returns as of 2026-08-27: 0.58 over 3 years, with 0.51 over the last year and 0.40 over 5 years.
Is MXF a good diversifier for BCH?
To a limited degree. At 0.58 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.58 mean?
On the −1 to +1 scale, 0.58 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bch-vs-mxf.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bch-vs-mxf/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCH correlations · MXF correlations
