MXF vs. VOO
MXF (The Mexico Fund) and VOO (Vanguard S&P 500 ETF) are both funds - MXF is a Latin America Equities fund managed by Mexico Fund, while VOO is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, MXF returned 8.06%/yr vs 15.14%/yr for VOO. Their 0.53 correlation means they have sometimes moved together and sometimes differently. MXF charges 0.01%/yr vs 0.03%/yr for VOO.
Performance
MXF vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, MXF achieves a 13.45% return, which is significantly higher than VOO's 10.16% return. Over the past 10 years, MXF has underperformed VOO with an annualized return of 8.06%, while VOO has yielded a comparatively higher 15.14% annualized return.
MXF
- 1D
- 0.28%
- 1M
- 1.67%
- 6M
- 4.88%
- YTD
- 13.45%
- 1Y
- 32.55%
- 3Y*
- 13.49%
- 5Y*
- 13.01%
- 10Y*
- 8.06%
- ALL TIME*
- 10.49%
VOO
- 1D
- 0.71%
- 1M
- 0.26%
- 6M
- 8.58%
- YTD
- 10.16%
- 1Y
- 21.58%
- 3Y*
- 19.42%
- 5Y*
- 12.83%
- 10Y*
- 15.14%
- ALL TIME*
- 14.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $925.64K | $774.11K | $966.09K | |
| $3.82B | $3.78B | $5.44B |
MXF vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MXF The Mexico Fund | 13.45% | 61.94% | -27.14% | 35.83% | -1.66% | 18.01% | 3.29% | 11.37% | -12.26% | 15.71% |
VOO Vanguard S&P 500 ETF | 10.16% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
Correlation
The correlation between MXF and VOO is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.51 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.48 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2010 | 0.53 |
The correlation between MXF and VOO has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
MXF vs. VOO — Risk / Return Rank
MXF
VOO
MXF vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Mexico Fund (MXF) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.12 | 2.21 | -0.09 |
| Martin ratioReturn relative to average drawdown | 7.66 | 9.44 | -1.78 |
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Drawdowns
MXF vs. VOO - Drawdown Comparison
The maximum MXF drawdown since its inception was -80.25%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MXF and VOO.
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Drawdown Indicators
| MXF | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.25% | -33.99% | -46.26% |
Max Drawdown (1Y)Largest decline over 1 year | -14.03% | -8.90% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -30.73% | -18.69% | -12.04% |
Max Drawdown (5Y)Largest decline over 5 years | -30.73% | -24.52% | -6.21% |
Max Drawdown (10Y)Largest decline over 10 years | -56.02% | -33.99% | -22.03% |
Current DrawdownCurrent decline from peak | -1.47% | -1.38% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -31.43% | -3.67% | -27.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.89% | 2.08% | +1.81% |
Volatility
MXF vs. VOO - Volatility Comparison
The Mexico Fund (MXF) has a higher volatility of 4.98% compared to Vanguard S&P 500 ETF (VOO) at 3.54%. This indicates that MXF's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MXF | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 3.54% | +1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 17.04% | 10.10% | +6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.52% | 12.82% | +7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.82% | 16.93% | +3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.15% | 18.01% | +5.14% |
MXF vs. VOO - Expense Ratio Comparison
MXF has a 0.02% expense ratio, which is lower than VOO's 0.03% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MXF vs. VOO - Dividend Comparison
MXF's dividend yield for the trailing twelve months is around 5.97%, more than VOO's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MXF The Mexico Fund | 5.97% | 4.67% | 6.67% | 4.19% | 4.88% | 2.29% | 3.15% | 7.28% | 5.13% | 3.37% | 5.03% | 10.90% |
VOO Vanguard S&P 500 ETF | 1.07% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
MXF and VOO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MXF has higher volatility (4.98%) compared to VOO (3.54%). In terms of maximum drawdown, MXF dropped -80.25% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.53 vs 1.45), 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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