MXE vs VOO
Mexico Equity and Income Fund, Inc vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MXE delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | MXE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.32% | 0.03% | |
| AUM | $72M | $979.0B | |
| Dividend Yield | 1.44% | 1.09% | |
| Holdings | 30 | 509 | |
| YTD Return | +8.39% | +13.79% | |
| 1Y Return | +25.31% | +23.01% | |
| 3Y Return (annualized) | +12.35% | +21.78% | |
| 5Y Return (annualized) | +3.64% | +13.39% | |
| Volatility (annualized) | 23.6% | 14.1% | |
| Max Drawdown | -58.9% | -34.3% | |
| Fund Family | The Mexico Equity and Income Fund, Inc. | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Aug 15, 1990 | Sep 7, 2010 |
MXE vs VOO Performance
Mexico Equity and Income Fund, Inc (MXE) is a ETF from The Mexico Equity and Income Fund, Inc. and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MXE returned +25.31% while VOO returned +23.01%. Year to date, MXE is up 8.39% versus a gain of 13.79% for VOO.
Over three years, MXE compounded at +12.35% per year against +21.78% for VOO; over five years the annualized figures are +3.64% and +13.39% respectively. Across the full 13-year window we track, VOO has the edge at +13.57% 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 23.6% compared with 14.1% for VOO. 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 -58.9% for MXE and -34.3% for VOO. 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
MXE charges 2.32% per year while VOO charges 0.03%. On a $10,000 position that is $232 vs $3 annually, a gap of $229 per year that compounds over a long holding period. On income, MXE currently yields 1.44% against 1.09% for VOO.
Holdings Overlap
MXE and VOO 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, MXE or VOO?
MXE has an expense ratio of 2.32% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $229 per year of difference.
Which performed better, MXE or VOO?
Over the past year MXE returned +25.31% vs +23.01% for VOO, so MXE leads on 1-year performance. Over the longest common window we track (13 years), MXE annualized +1.66% vs +13.57% for VOO. Past performance does not guarantee future results.
Which is riskier, MXE or VOO?
MXE has been the more volatile fund at 23.6% annualized versus 14.1% for VOO. Worst drawdown: MXE -58.9% vs VOO -34.3%.
Should I hold both MXE and VOO?
MXE and VOO 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 MXE and VOO?
MXE and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 533 unique securities.
Which pays a higher dividend, MXE or VOO?
MXE yields 1.44% while VOO yields 1.09%, so MXE currently pays the higher dividend yield.
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