MXE vs. SLANX

Last updated Jun 24, 2026

MXE (Mexico Equity and Income Fund Inc) and SLANX (DWS Latin America Equity Fund Class A) are both Latin America Equities funds. Over the past 10 years, MXE returned 3.14%/yr vs 11.07%/yr for SLANX. A 0.55 correlation means they provide meaningful diversification when combined. MXE charges 0.02%/yr vs 1.51%/yr for SLANX.

Performance

MXE vs. SLANX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mexico Equity and Income Fund Inc (MXE) and DWS Latin America Equity Fund Class A (SLANX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MXE achieves a 3.95% return, which is significantly lower than SLANX's 8.33% return. Over the past 10 years, MXE has underperformed SLANX with an annualized return of 3.14%, while SLANX has yielded a comparatively higher 11.07% 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%

SLANX

• 1D: 0.70%
• 1M: -2.49%
• YTD: 8.33%
• 6M: 8.15%
• 1Y: 27.97%
• 3Y*: 10.16%
• 5Y*: 6.96%
• 10Y*: 11.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MXE vs. SLANX - 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%
SLANX DWS Latin America Equity Fund Class A	8.33%	54.13%	-28.52%	33.24%	8.08%	-9.06%	0.70%	35.56%	-2.82%	32.20%

Correlation

The correlation between MXE and SLANX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.52
Correlation (All Time) Calculated using the full available price history since Jan 2, 2002	0.55

The correlation between MXE and SLANX has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

Return for Risk

MXE vs. SLANX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MXE

MXE Risk / Return Rank: 30
MXE Sharpe Ratio Rank: 28
MXE Sortino Ratio Rank: 25
MXE Omega Ratio Rank: 28
MXE Calmar Ratio Rank: 34
MXE Martin Ratio Rank: 34

SLANX

SLANX Risk / Return Rank: 26
SLANX Sharpe Ratio Rank: 24
SLANX Sortino Ratio Rank: 22
SLANX Omega Ratio Rank: 24
SLANX Calmar Ratio Rank: 33
SLANX Martin Ratio Rank: 26

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MXE vs. SLANX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mexico Equity and Income Fund Inc (MXE) and DWS Latin America Equity Fund Class A (SLANX). 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	SLANX	Difference
Sharpe ratio: Return per unit of total volatility	1.39	1.29	+0.10
Sortino ratio: Return per unit of downside risk	1.92	1.83	+0.09
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	2.09	2.05	+0.04
Martin ratio: Return relative to average drawdown	7.12	5.68	+1.44

MXE vs. SLANX - Sharpe Ratio Comparison

The current MXE Sharpe Ratio is 1.39, which is comparable to the SLANX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of MXE and SLANX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MXE vs. SLANX - Drawdown Comparison

The maximum MXE drawdown since its inception was -81.73%, which is greater than SLANX's maximum drawdown of -70.73%. Use the drawdown chart below to compare losses from any high point for MXE and SLANX.

Drawdown Indicators

	MXE	SLANX	Difference
Max Drawdown Largest peak-to-trough decline	-81.73%	-70.73%	-11.00%
Max Drawdown (1Y) Largest decline over 1 year	-14.14%	-13.70%	-0.44%
Max Drawdown (3Y) Largest decline over 3 years	-28.77%	-29.63%	+0.86%
Max Drawdown (5Y) Largest decline over 5 years	-42.10%	-29.92%	-12.18%
Max Drawdown (10Y) Largest decline over 10 years	-52.04%	-50.91%	-1.13%
Current Drawdown Current decline from peak	-9.43%	-11.11%	+1.68%
Average Drawdown Average peak-to-trough decline	-34.14%	-23.27%	-10.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.13%	4.92%	-0.79%

Volatility

MXE vs. SLANX - Volatility Comparison

Mexico Equity and Income Fund Inc (MXE) has a higher volatility of 8.53% compared to DWS Latin America Equity Fund Class A (SLANX) at 6.07%. This indicates that MXE's price experiences larger fluctuations and is considered to be riskier than SLANX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MXE	SLANX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.53%	6.07%	+2.46%
Volatility (6M) Calculated over the trailing 6-month period	19.33%	17.79%	+1.54%
Volatility (1Y) Calculated over the trailing 1-year period	21.29%	21.78%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.48%	23.28%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.04%	26.98%	-3.94%

MXE vs. SLANX - Expense Ratio Comparison

MXE has a 0.02% expense ratio, which is lower than SLANX's 1.51% expense ratio.

Dividends

MXE vs. SLANX - Dividend Comparison

MXE's dividend yield for the trailing twelve months is around 1.82%, less than SLANX's 3.83% 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%
SLANX DWS Latin America Equity Fund Class A	3.83%	4.15%	5.13%	3.14%	7.15%	14.19%	0.00%	0.00%	0.00%	4.21%	1.57%	0.00%

Frequently Asked Questions

Can I hold both MXE and SLANX in my portfolio?

MXE and SLANX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXE or SLANX?

MXE has higher volatility (8.53%) compared to SLANX (6.07%). In terms of maximum drawdown, MXE dropped -81.73% vs SLANX's -70.73%.

Which has better risk-adjusted returns?

MXE currently has the higher Sharpe Ratio (1.39 vs 1.29), 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.