MXF vs QQQ
The Mexico Fund Inc vs Invesco QQQ Trust, Series 1
Which is better, MXF or QQQ?
Large Cap Value against Large Cap Growth.
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window.
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 | MXF | QQQ |
|---|---|---|
| Expense Ratio | 1.32% | 0.18%Best |
| AUM | $334M | $498.6B |
| Dividend Yield | 5.27% | 0.42% |
| Holdings | 28 | 321 |
| YTD Return | +5.00% | +24.32%Best |
| 1Y Return | +14.45% | +25.59%Best |
| 3Y Return (annualized) | +15.75% | +28.30%Best |
| 5Y Return (annualized) | +12.03% | +16.83%Best |
| Volatility (annualized) | 25.8%Best | 30.5% |
| Max Drawdown | -84.7% | -83.0%Best |
| $10,000 over 5 years | $17,647 | $21,766Best |
| Fund Family | The Mexico Fund, Inc. | Invesco (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Growth |
| Inception | Jun 3, 1981 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Mar 10, 1999 to Oct 6, 2026 (27.6 years).
MXF vs QQQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
MXF vs QQQ Performance
The Mexico Fund Inc (MXF) is an ETF from The Mexico Fund, Inc. and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MXF returned +14.45% while QQQ returned +25.59%. Year to date, MXF is up 5.00% versus a gain of 24.32% for QQQ.
Over three years, MXF compounded at +15.75% per year against +28.30% for QQQ; over five years the annualized figures are +12.03% and +16.83% respectively. Across the full 28-year window we track, QQQ has the edge at +13.23% annualized vs +2.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.5% compared with 25.8% for MXF. 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 -84.7% for MXF and -83.0% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.43. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MXF charges 1.32% per year while QQQ charges 0.18%. On a $10,000 position that is $132 vs $18 annually, a gap of $114 per year that compounds over a long holding period. On income, MXF currently yields 5.27% against 0.42% for QQQ.
Holdings Overlap
At least 0.4% of QQQ's money is in holdings MXF also owns.
Stated as a floor: for MXF, our book for it covers 93.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
We cannot see either book well enough to say how much of this pair is duplicated.
The two holdings books were reported 227 days apart, MXF as of Jan 31, 2026 and QQQ as of Sep 15, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 25 positions we hold weights for in MXF and 102 in QQQ, against full books of 28 and 321.
Top Shared Holdings
| Stock | Weight in MXF | Weight in QQQ | Difference |
|---|---|---|---|
| MELIMercadolibre Inc | 2.73% | 0.42% | 2.31% |
You are not choosing between two funds in isolation.
Whichever of MXF and QQQ 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, MXF or QQQ?
MXF has an expense ratio of 1.32% while QQQ charges 0.18%. QQQ is the cheaper option, by $114 a year on a $10,000 investment.
Which performed better, MXF or QQQ?
Over the past year MXF returned +14.45% vs +25.59% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (28 years), MXF annualized +2.26% vs +13.23% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MXF or QQQ?
QQQ has been the more volatile fund at 30.5% annualized versus 25.8% for MXF. Worst drawdown: MXF -84.7% vs QQQ -83.0%.
Should I hold both MXF and QQQ?
MXF and QQQ have a monthly-return correlation of 0.43, 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, MXF or QQQ?
MXF yields 5.27% while QQQ yields 0.42%, so MXF currently pays the higher dividend yield.
Is QQQ better than MXF?
QQQ has a lower expense ratio. QQQ led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.