IVV vs MXE
iShares Core S&P 500 ETF vs Mexico Equity and Income Fund, Inc
Which is better, IVV or MXE?
Large Cap Blend against Large Cap Value.
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MXE over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 58.6%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | IVV | MXE |
|---|---|---|
| Expense Ratio | 0.03%Best | 2.32% |
| AUM | $886.7B | $73M |
| Dividend Yield | 1.10% | 1.43% |
| Holdings | 508 | 30 |
| YTD Return | +13.39%Best | +8.52% |
| 1Y Return | +20.08% | +23.29%Best |
| 3Y Return (annualized) | +21.29%Best | +14.01% |
| 5Y Return (annualized) | +12.88%Best | +3.41% |
| Volatility (annualized) | 14.4%Best | 23.5% |
| Max Drawdown | -33.9%Best | -58.9% |
| $10,000 over 5 years | $18,327Best | $11,825 |
| Top 10 Weight | 37.9%Best | 58.6% |
| Fund Family | iShares by BlackRock (US) | The Mexico Equity and Income Fund, Inc. |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Value |
| Inception | May 15, 2000 | Aug 15, 1990 |
Volatility and max drawdown are measured over the window both funds cover: Mar 25, 2013 to Sep 4, 2026 (13.4 years).
IVV vs MXE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 13.4 years both funds cover.
IVV vs MXE Performance
iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US) and Mexico Equity and Income Fund, Inc (MXE) is an ETF from The Mexico Equity and Income Fund, Inc.. Over the past year IVV returned +20.08% while MXE returned +23.29%. Year to date, IVV is up 13.39% versus a gain of 8.52% for MXE.
Over three years, IVV compounded at +21.29% per year against +14.01% for MXE; over five years the annualized figures are +12.88% and +3.41% respectively. Across the full 13-year window we track, IVV has the edge at +13.30% annualized vs +1.66%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MXE has been the more volatile fund, with annualized monthly volatility of 23.5% compared with 14.4% 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 -33.9% for IVV and -58.9% for MXE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.53. They move together some of the time, and apart the rest.
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 1.10% against 1.43% for MXE.
Holdings Overlap
We hold position weights for 504 holdings in IVV and 28 in MXE, totalling 100.0% and 98.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 186 days apart, IVV as of Aug 5, 2026 and MXE as of Jan 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 504 positions we hold weights for in IVV and 28 in MXE, against full books of 508 and 30.
What only one of them owns
Our book lists 1 positions for MXE that do not appear in our book for IVV (0.2% of the fund), and 493 for IVV that do not appear in MXE (99.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of IVV and MXE you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $229 a year on a $10,000 investment.
Which performed better, IVV or MXE?
Over the past year IVV returned +20.08% vs +23.29% for MXE, so MXE leads on 1-year performance. Over the longest common window we track (13 years), IVV annualized +13.30% vs +1.66% for MXE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, IVV or MXE?
MXE has been the more volatile fund at 23.5% annualized versus 14.4% for IVV. Worst drawdown: IVV -33.9% vs MXE -58.9%.
Should I hold both IVV and MXE?
IVV and MXE have a monthly-return correlation of 0.53, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, IVV or MXE?
IVV yields 1.10% while MXE yields 1.43%, so MXE currently pays the higher dividend yield.
Is MXE better than IVV?
IVV has a lower expense ratio. IVV led over 3Y, 5Y and the full window, MXE over 1Y. IVV is less concentrated, with 37.9% of the fund in its ten largest positions against 58.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.