IVV vs MXE
iShares Core S&P 500 ETF vs Mexico Equity and Income Fund, Inc
Quick Verdict
IVV has a lower expense ratio. MXE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | IVV | MXE | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 2.32% | |
| AUM | $865.2B | $72M | |
| Dividend Yield | 1.09% | 1.44% | |
| Holdings | 508 | 30 | |
| YTD Return | +13.43% | +9.44% | |
| 1Y Return | +22.61% | +26.53% | |
| 3Y Return (annualized) | +21.47% | +12.78% | |
| 5Y Return (annualized) | +13.26% | +3.68% | |
| Volatility (annualized) | 15.1% | 23.6% | |
| Max Drawdown | -56.5% | -58.9% | |
| Fund Family | iShares by BlackRock (US) | The Mexico Equity and Income Fund, Inc. | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Aug 15, 1990 |
IVV vs MXE Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Mexico Equity and Income Fund, Inc (MXE) is a ETF from The Mexico Equity and Income Fund, Inc.. Over the past year IVV returned +22.61% while MXE returned +26.53%. Year to date, IVV is up 13.43% versus a gain of 9.44% for MXE.
Over three years, IVV compounded at +21.47% per year against +12.78% for MXE; over five years the annualized figures are +13.26% and +3.68% respectively. Across the full 13-year window we track, IVV has the edge at +7.03% annualized vs +1.73%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MXE has been the more volatile fund, with annualized monthly volatility of 23.6% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -58.9% for MXE. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MXE charges 2.32%. On a $10,000 position that is $3 vs $232 annually, a gap of $229 per year that compounds over a long holding period. On income, IVV currently yields 1.09% against 1.44% for MXE.
Holdings Overlap
IVV and MXE share 0 holdings out of 533 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or MXE?
IVV has an expense ratio of 0.03% while MXE charges 2.32%. IVV is the cheaper option. On a $10,000 investment, that is $229 per year of difference.
Which performed better, IVV or MXE?
Over the past year IVV returned +22.61% vs +26.53% for MXE, so MXE leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +7.03% vs +1.73% for MXE. Past performance does not guarantee future results.
Which is riskier, IVV or MXE?
MXE has been the more volatile fund at 23.6% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MXE -58.9%.
Should I hold both IVV and MXE?
IVV and MXE have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MXE?
IVV and MXE share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, IVV or MXE?
IVV yields 1.09% while MXE yields 1.44%, so MXE currently pays the higher dividend yield.
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