MXF vs. IDVO
MXF (The Mexico Fund) and IDVO (Amplify CWP International Enhanced Dividend Income ETF) are both funds - MXF is a Latin America Equities fund managed by Impulsora del Fondo México, while IDVO is a Derivative Income fund actively managed by Amplify. Over the past 3 years, MXF returned 12.80%/yr vs 20.71%/yr for IDVO. A 0.60 correlation means they provide meaningful diversification when combined. MXF charges 0.01%/yr vs 0.65%/yr for IDVO.
Performance
MXF vs. IDVO - Performance Comparison
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Returns By Period
In the year-to-date period, MXF achieves a 10.15% return, which is significantly lower than IDVO's 12.65% return.
MXF
- 1D
- -0.65%
- 1M
- -3.55%
- 6M
- 4.69%
- YTD
- 10.15%
- 1Y
- 32.28%
- 3Y*
- 12.80%
- 5Y*
- 12.70%
- 10Y*
- 7.48%
IDVO
- 1D
- -0.73%
- 1M
- -0.45%
- 6M
- 4.42%
- YTD
- 12.65%
- 1Y
- 30.09%
- 3Y*
- 20.71%
- 5Y*
- —
- 10Y*
- —
MXF vs. IDVO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
MXF The Mexico Fund | 10.15% | 61.94% | -27.14% | 35.83% | 9.46% |
IDVO Amplify CWP International Enhanced Dividend Income ETF | 12.65% | 36.46% | 10.16% | 17.53% | 6.42% |
Correlation
The correlation between MXF and IDVO is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022 | 0.60 |
The correlation between MXF and IDVO has been stable across timeframes, ranging from 0.58 to 0.64 - a consistent structural relationship.
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Return for Risk
MXF vs. IDVO — Risk / Return Rank
MXF
IDVO
MXF vs. IDVO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Mexico Fund (MXF) and Amplify CWP International Enhanced Dividend Income ETF (IDVO). 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.
| MXF | IDVO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.31 | 2.91 | -0.60 |
| Martin ratioReturn relative to average drawdown | 8.44 | 10.74 | -2.30 |
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Drawdowns
MXF vs. IDVO - Drawdown Comparison
The maximum MXF drawdown since its inception was -80.25%, which is greater than IDVO's maximum drawdown of -15.46%. Use the drawdown chart below to compare losses from any high point for MXF and IDVO.
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Drawdown Indicators
| MXF | IDVO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.25% | -15.46% | -64.79% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -10.37% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -30.73% | -15.46% | -15.27% |
Max Drawdown (5Y)Largest decline over 5 years | -30.73% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.02% | — | — |
Current DrawdownCurrent decline from peak | -4.33% | -2.53% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -31.46% | -2.30% | -29.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 2.81% | +1.03% |
Volatility
MXF vs. IDVO - Volatility Comparison
The Mexico Fund (MXF) has a higher volatility of 4.92% compared to Amplify CWP International Enhanced Dividend Income ETF (IDVO) at 3.56%. This indicates that MXF's price experiences larger fluctuations and is considered to be riskier than IDVO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXF | IDVO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.56% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 13.81% | +3.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.47% | 16.42% | +4.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.83% | 16.41% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.13% | 16.41% | +6.72% |
MXF vs. IDVO - Expense Ratio Comparison
MXF has a 0.02% expense ratio, which is lower than IDVO's 0.65% expense ratio.
Dividends
MXF vs. IDVO - Dividend Comparison
MXF's dividend yield for the trailing twelve months is around 5.59%, less than IDVO's 5.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IDVO Amplify CWP International Enhanced Dividend Income ETF | 5.67% | 5.42% | 6.14% | 5.72% | 1.96% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MXF The Mexico Fund | 5.59% | 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
MXF and IDVO have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXF has higher volatility (4.92%) compared to IDVO (3.56%). In terms of maximum drawdown, MXF dropped -80.25% vs IDVO's -15.46%.
IDVO currently has the higher Sharpe Ratio (1.84 vs 1.58), 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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