Mexico's stock market performance: The overall health and performance of the Mexican stock market, especially the S&P/BMV IPC index, directly impacts DIG.MX as it tracks Mexican equities. A strong Mexican market typically leads to higher DIG.MX prices.

Oil prices: As Mexico is a major oil producer, global oil price fluctuations significantly influence the Mexican economy and the value of Mexican companies. Higher oil prices generally boost the value of Mexican energy companies in the ETF's holdings.

Exchange rates: Changes in the MXN/USD exchange rate impact the price of DIG.MX for foreign investors. A weaker Mexican peso relative to the U.S. dollar can lower the USD-denominated value of DIG.MX.

Global economic conditions: Global economic growth and stability influence investor sentiment towards emerging markets like Mexico. Positive global economic outlook often leads to increased investment in DIG.MX.

Interest rates: Interest rate policies in Mexico and the United States can affect capital flows and investor appetite for Mexican assets. Higher Mexican interest rates can attract foreign investment, potentially boosting DIG.MX.

Political and regulatory environment: Political stability, government policies, and regulatory changes in Mexico can impact investor confidence and the attractiveness of Mexican investments. Political uncertainty can negatively affect DIG.MX.

Company performance: The financial performance of the companies held within the DIG.MX ETF, such as their earnings, revenue growth, and profitability, directly influences the ETF's overall value. Strong company performance leads to higher DIG.MX prices.