MXF vs VOO
The Mexico Fund Inc vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. MXF delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | MXF | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 1.32% | 0.03% | |
| AUM | $353M | $979.0B | |
| Dividend Yield | 4.87% | 1.09% | |
| Holdings | 28 | 509 | |
| YTD Return | +11.02% | +14.48% | |
| 1Y Return | +25.13% | +22.02% | |
| 3Y Return (annualized) | +13.13% | +21.80% | |
| 5Y Return (annualized) | +11.88% | +13.36% | |
| Volatility (annualized) | 27.4% | 14.2% | |
| Max Drawdown | -84.7% | -34.3% | |
| Fund Family | The Mexico Fund, Inc. | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 3, 1981 | Sep 7, 2010 |
MXF vs VOO Performance
The Mexico Fund Inc (MXF) is a ETF from The Mexico Fund, Inc. and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year MXF returned +25.13% while VOO returned +22.02%. Year to date, MXF is up 11.02% versus a gain of 14.48% for VOO.
Over three years, MXF compounded at +13.13% per year against +21.80% for VOO; over five years the annualized figures are +11.88% and +13.36% respectively. Across the full 16-year window we track, VOO has the edge at +13.61% annualized vs +2.22%. 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 14.2% 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 -84.7% for MXF 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MXF charges 1.32% per year while VOO charges 0.03%. On a $10,000 position that is $132 vs $3 annually, a gap of $129 per year that compounds over a long holding period. On income, MXF currently yields 4.87% against 1.09% for VOO.
Holdings Overlap
MXF and VOO 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, MXF or VOO?
MXF has an expense ratio of 1.32% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $129 per year of difference.
Which performed better, MXF or VOO?
Over the past year MXF returned +25.13% vs +22.02% for VOO, so MXF leads on 1-year performance. Over the longest common window we track (16 years), MXF annualized +2.22% vs +13.61% for VOO. Past performance does not guarantee future results.
Which is riskier, MXF or VOO?
MXF has been the more volatile fund at 27.4% annualized versus 14.2% for VOO. Worst drawdown: MXF -84.7% vs VOO -34.3%.
Should I hold both MXF and VOO?
MXF and VOO have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MXF and VOO?
MXF and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 530 unique securities.
Which pays a higher dividend, MXF or VOO?
MXF yields 4.87% while VOO yields 1.09%, so MXF currently pays the higher dividend yield.
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