The greater the risk, the higher the return... The Mexican stock index should outperform the three major U.S. stock market indices. It’s certainly been true in the last decade. On May 31, 2013 (measured in dollars) the IPC was 399.9% above its May 2003 close. The Dow was up 70.8%, the S&P 500 had gained 69.2% and the Nasdaq, 116.6%.
However, the adage is either not necessarily true in the shorter-term. Since the end of 2009, the three major U.S. indices have all outperformed the IPC. Since December 31, 2007, the IPC has risen 32.1% in dollars. The Dow was 45.0% higher, the S&P 500, 46.2% higher, and the Nasdaq, 52.3% higher.