IVV vs MXF
iShares Core S&P 500 ETF vs The Mexico Fund Inc
Quick Verdict
IVV has a lower expense ratio. MXF delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | MXF | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 1.32% | |
| AUM | $907.0B | $351M | |
| Dividend Yield | 1.10% | 5.29% | |
| Holdings | 508 | 28 | |
| YTD Return | +12.28% | +11.44% | |
| 1Y Return | +20.94% | +26.43% | |
| 3Y Return (annualized) | +21.81% | +13.49% | |
| 5Y Return (annualized) | +13.05% | +12.48% | |
| Volatility (annualized) | 15.1% | 27.4% | |
| Max Drawdown | -56.5% | -84.7% | |
| Fund Family | iShares by BlackRock (US) | The Mexico Fund, Inc. | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 3, 1981 |
IVV vs MXF Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and The Mexico Fund Inc (MXF) is a ETF from The Mexico Fund, Inc.. Over the past year IVV returned +20.94% while MXF returned +26.43%. Year to date, IVV is up 12.28% versus a gain of 11.44% for MXF.
Over three years, IVV compounded at +21.81% per year against +13.49% for MXF; over five years the annualized figures are +13.05% and +12.48% respectively. Across the full 26-year window we track, IVV has the edge at +6.98% annualized vs +2.23%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MXF has been the more volatile fund, with annualized monthly volatility of 27.4% 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 -84.7% for MXF. 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 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
IVV charges 0.03% per year while MXF charges 1.32%. On a $10,000 position that is $3 vs $132 annually, a gap of $129 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 5.29% for MXF.
Holdings Overlap
IVV and MXF share 0 holdings out of 530 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 MXF?
IVV has an expense ratio of 0.03% while MXF charges 1.32%. IVV is the cheaper option. On a $10,000 investment, that is $129 per year of difference.
Which performed better, IVV or MXF?
Over the past year IVV returned +20.94% vs +26.43% for MXF, so MXF leads on 1-year performance. Over the longest common window we track (26 years), IVV annualized +6.98% vs +2.23% for MXF. Past performance does not guarantee future results.
Which is riskier, IVV or MXF?
MXF has been the more volatile fund at 27.4% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs MXF -84.7%.
Should I hold both IVV and MXF?
IVV and MXF have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and MXF?
IVV and MXF share 0 common holdings with a 0.0% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, IVV or MXF?
IVV yields 1.10% while MXF yields 5.29%, so MXF currently pays the higher dividend yield.
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