Underlying Asset Performance: IDV.MX tracks an index of international dividend-paying stocks. Price fluctuations in these individual stocks directly impact the ETF's value.

Currency Exchange Rates: As IDV.MX holds international assets, changes in exchange rates between the Mexican Peso and the currencies of those assets affect the ETF's returns.

Dividend Payments: IDV.MX distributes dividends. The amount and frequency of these payouts influence investor demand and thus, the ETF's price.

Investor Sentiment: Overall market sentiment and risk appetite towards international equities influence buying and selling pressure on IDV.MX, impacting its price.

Supply and Demand: Like any ETF, basic supply and demand dynamics play a role. High demand drives prices up, while increased selling pressure pushes prices down.

Expense Ratio: The ETF's expense ratio, while not directly affecting the price moment-to-moment, impacts its long-term performance relative to the underlying index, indirectly influencing investor appeal.