MXE vs. MXF
MXE (Mexico Equity and Income Fund Inc) and MXF (The Mexico Fund) are both Latin America Equities funds. Over the past 10 years, MXE returned 3.14%/yr vs 8.22%/yr for MXF. A 0.64 correlation means they provide meaningful diversification when combined. MXE charges 0.02%/yr vs 0.01%/yr for MXF.
Performance
MXE vs. MXF - Performance Comparison
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Returns By Period
In the year-to-date period, MXE achieves a 3.95% return, which is significantly lower than MXF's 11.07% return. Over the past 10 years, MXE has underperformed MXF with an annualized return of 3.14%, while MXF has yielded a comparatively higher 8.22% annualized return.
MXE
- 1D
- -5.01%
- 1M
- -4.10%
- YTD
- 3.95%
- 6M
- 4.21%
- 1Y
- 29.36%
- 3Y*
- 11.97%
- 5Y*
- 2.98%
- 10Y*
- 3.14%
MXF
- 1D
- -0.73%
- 1M
- -0.23%
- YTD
- 11.07%
- 6M
- 8.64%
- 1Y
- 39.20%
- 3Y*
- 15.31%
- 5Y*
- 13.00%
- 10Y*
- 8.22%
MXE vs. MXF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXE Mexico Equity and Income Fund Inc | 3.95% | 57.14% | -25.74% | 31.01% | -1.57% | -8.42% | -16.03% | 16.39% | -1.84% | 12.41% |
MXF The Mexico Fund | 11.07% | 61.94% | -27.14% | 35.83% | -1.66% | 18.01% | 3.29% | 11.37% | -12.26% | 15.71% |
Correlation
The correlation between MXE and MXF is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Aug 15, 1990 | 0.64 |
The correlation between MXE and MXF shifts across timeframes, from 0.58 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MXE vs. MXF — Risk / Return Rank
MXE
MXF
MXE vs. MXF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mexico Equity and Income Fund Inc (MXE) and The Mexico Fund (MXF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MXE | MXF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.54 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.81 | -0.72 |
| Martin ratioReturn relative to average drawdown | 7.12 | 10.36 | -3.24 |
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Drawdowns
MXE vs. MXF - Drawdown Comparison
The maximum MXE drawdown since its inception was -81.73%, roughly equal to the maximum MXF drawdown of -80.25%. Use the drawdown chart below to compare losses from any high point for MXE and MXF.
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Drawdown Indicators
| MXE | MXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.73% | -80.25% | -1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -14.14% | -14.03% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -28.77% | -30.73% | +1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -42.10% | -30.73% | -11.37% |
Max Drawdown (10Y)Largest decline over 10 years | -52.04% | -56.02% | +3.98% |
Current DrawdownCurrent decline from peak | -9.43% | -3.53% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -34.14% | -31.51% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.13% | 3.79% | +0.34% |
Volatility
MXE vs. MXF - Volatility Comparison
Mexico Equity and Income Fund Inc (MXE) has a higher volatility of 8.53% compared to The Mexico Fund (MXF) at 6.16%. This indicates that MXE's price experiences larger fluctuations and is considered to be riskier than MXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXE | MXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.53% | 6.16% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 19.33% | 16.61% | +2.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.29% | 20.44% | +0.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.48% | 20.83% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.04% | 23.26% | -0.22% |
MXE vs. MXF - Expense Ratio Comparison
MXE has a 0.02% expense ratio, which is higher than MXF's 0.02% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MXE vs. MXF - Dividend Comparison
MXE's dividend yield for the trailing twelve months is around 1.82%, less than MXF's 5.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXE Mexico Equity and Income Fund Inc | 1.82% | 1.89% | 3.71% | 2.69% | 0.00% | 0.00% | 0.00% | 1.04% | 0.01% | 0.47% | 0.00% | 5.20% |
MXF The Mexico Fund | 5.54% | 4.67% | 6.67% | 4.19% | 4.88% | 2.29% | 3.15% | 7.28% | 5.13% | 3.37% | 5.03% | 10.90% |
Frequently Asked Questions
MXE and MXF have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXE has higher volatility (8.53%) compared to MXF (6.16%). In terms of maximum drawdown, MXE dropped -81.73% vs MXF's -80.25%.
MXF currently has the higher Sharpe Ratio (1.93 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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