MXF vs QQQ
The Mexico Fund Inc vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. MXF delivered stronger 1-year returns. QQQ offers more diversification with 108 holdings.
Side-by-Side Comparison
| Metric | MXF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 1.32% | 0.18% | |
| AUM | $351M | $496.3B | |
| Dividend Yield | 5.29% | 0.44% | |
| Holdings | 28 | 108 | |
| YTD Return | +14.34% | +16.64% | |
| 1Y Return | +28.73% | +27.27% | |
| 3Y Return (annualized) | +14.38% | +25.96% | |
| 5Y Return (annualized) | +12.83% | +14.54% | |
| Volatility (annualized) | 27.4% | 30.6% | |
| Max Drawdown | -84.7% | -83.0% | |
| Fund Family | The Mexico Fund, Inc. | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Jun 3, 1981 | Mar 10, 1999 |
MXF vs QQQ Performance
The Mexico Fund Inc (MXF) is a ETF from The Mexico Fund, Inc. and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year MXF returned +28.73% while QQQ returned +27.27%. Year to date, MXF is up 14.34% versus a gain of 16.64% for QQQ.
Over three years, MXF compounded at +14.38% per year against +25.96% for QQQ; over five years the annualized figures are +12.83% and +14.54% respectively. Across the full 27-year window we track, QQQ has the edge at +13.03% annualized vs +2.31%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 27.4% 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 worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.44. They move independently enough that combining them can meaningfully diversify a portfolio.
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 5.29% against 0.44% for QQQ.
Holdings Overlap
MXF and QQQ share 1 holdings out of 126 unique holdings combined, representing a 0.4% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in MXF | Weight in QQQ | Difference |
|---|---|---|---|
| MELI | 2.73% | 0.43% | 2.30% |
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. On a $10,000 investment, that is $114 per year of difference.
Which performed better, MXF or QQQ?
Over the past year MXF returned +28.73% vs +27.27% for QQQ, so MXF leads on 1-year performance. Over the longest common window we track (27 years), MXF annualized +2.31% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, MXF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 27.4% 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 0.44, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MXF and QQQ?
MXF and QQQ share 1 common holdings with a 0.4% weight overlap. Combined, they hold 126 unique securities.
Which pays a higher dividend, MXF or QQQ?
MXF yields 5.29% while QQQ yields 0.44%, so MXF currently pays the higher dividend yield.
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