MXE vs VYM
Mexico Equity and Income Fund, Inc vs Vanguard High Dividend Yield ETF
Which is better, MXE or VYM?
Each has led over a different period.
VYM has a lower expense ratio. MXE led over 1Y, VYM over 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% 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 | MXE | VYM |
|---|---|---|
| Expense Ratio | 2.32% | 0.04%Best |
| AUM | $73M | $81.6B |
| Dividend Yield | 1.43% | 2.24% |
| Holdings | 30 | 613 |
| YTD Return | +8.52% | +14.82%Best |
| 1Y Return | +23.29%Best | +20.84% |
| 3Y Return (annualized) | +14.01% | +18.64%Best |
| 5Y Return (annualized) | +3.41% | +12.28%Best |
| Volatility (annualized) | 23.5% | 13.3%Best |
| Max Drawdown | -58.9% | -35.7%Best |
| $10,000 over 5 years | $11,825 | $17,845Best |
| Top 10 Weight | 58.6% | 25.9%Best |
| Fund Family | The Mexico Equity and Income Fund, Inc. | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Aug 15, 1990 | Nov 10, 2006 |
Volatility and max drawdown are measured over the window both funds cover: Mar 25, 2013 to Sep 4, 2026 (13.4 years).
MXE vs VYM 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.
MXE vs VYM Performance
Mexico Equity and Income Fund, Inc (MXE) is an ETF from The Mexico Equity and Income Fund, Inc. and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year MXE returned +23.29% while VYM returned +20.84%. Year to date, MXE is up 8.52% versus a gain of 14.82% for VYM.
Over three years, MXE compounded at +14.01% per year against +18.64% for VYM; over five years the annualized figures are +3.41% and +12.28% respectively. Across the full 13-year window we track, VYM has the edge at +9.88% 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 13.3% for VYM. 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.57. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MXE charges 2.32% per year while VYM charges 0.04%. On a $10,000 position that is $232 vs $4 annually, a gap of $228 per year that compounds over a long holding period. On income, MXE currently yields 1.43% against 2.24% for VYM.
Holdings Overlap
We hold position weights for 28 holdings in MXE and 603 in VYM, totalling 98.2% and 99.5% 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 150 days apart, MXE as of Jan 31, 2026 and VYM as of Jun 30, 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 28 positions we hold weights for in MXE and 603 in VYM, against full books of 30 and 613.
What only one of them owns
Our book lists 570 positions for VYM that do not appear in our book for MXE (97.4% of the fund), and 1 for MXE that do not appear in VYM (0.2%).
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 MXE and VYM 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, MXE or VYM?
MXE has an expense ratio of 2.32% while VYM charges 0.04%. VYM is the cheaper option, by $228 a year on a $10,000 investment.
Which performed better, MXE or VYM?
Over the past year MXE returned +23.29% vs +20.84% for VYM, so MXE leads on 1-year performance. Over the longest common window we track (13 years), MXE annualized +1.66% vs +9.88% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MXE or VYM?
MXE has been the more volatile fund at 23.5% annualized versus 13.3% for VYM. Worst drawdown: MXE -58.9% vs VYM -35.7%.
Should I hold both MXE and VYM?
MXE and VYM have a monthly-return correlation of 0.57, 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, MXE or VYM?
MXE yields 1.43% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
Is VYM better than MXE?
VYM has a lower expense ratio. MXE led over 1Y, VYM over 3Y, 5Y and the full window. VYM is less concentrated, with 25.9% 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.