MXF vs VYM
The Mexico Fund Inc vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. MXF delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | MXF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 1.32% | 0.04% | |
| AUM | $353M | $79.0B | |
| Dividend Yield | 4.87% | 2.86% | |
| Holdings | 28 | 568 | |
| YTD Return | +11.02% | +16.78% | |
| 1Y Return | +25.13% | +24.43% | |
| 3Y Return (annualized) | +13.13% | +18.60% | |
| 5Y Return (annualized) | +11.88% | +12.30% | |
| Volatility (annualized) | 27.4% | 14.6% | |
| Max Drawdown | -84.7% | -58.8% | |
| Fund Family | The Mexico Fund, Inc. | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 3, 1981 | Nov 10, 2006 |
MXF vs VYM Performance
The Mexico Fund Inc (MXF) is a ETF from The Mexico Fund, Inc. and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year MXF returned +25.13% while VYM returned +24.43%. Year to date, MXF is up 11.02% versus a gain of 16.78% for VYM.
Over three years, MXF compounded at +13.13% per year against +18.60% for VYM; over five years the annualized figures are +11.88% and +12.30% respectively. Across the full 20-year window we track, VYM has the edge at +7.11% 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 14.6% 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 -84.7% for MXF and -58.8% for VYM. 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MXF charges 1.32% per year while VYM charges 0.04%. On a $10,000 position that is $132 vs $4 annually, a gap of $128 per year that compounds over a long holding period. On income, MXF currently yields 4.87% against 2.86% for VYM.
Holdings Overlap
MXF and VYM share 0 holdings out of 583 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 VYM?
MXF has an expense ratio of 1.32% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $128 per year of difference.
Which performed better, MXF or VYM?
Over the past year MXF returned +25.13% vs +24.43% for VYM, so MXF leads on 1-year performance. Over the longest common window we track (20 years), MXF annualized +2.22% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, MXF or VYM?
MXF has been the more volatile fund at 27.4% annualized versus 14.6% for VYM. Worst drawdown: MXF -84.7% vs VYM -58.8%.
Should I hold both MXF and VYM?
MXF and VYM have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MXF and VYM?
MXF and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 583 unique securities.
Which pays a higher dividend, MXF or VYM?
MXF yields 4.87% while VYM yields 2.86%, so MXF currently pays the higher dividend yield.
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