Underlying Index Performance: ITOT.MX tracks a US total stock market index. The index's movements directly impact the ETF's price.

Supply and Demand: High demand increases ITOT.MX's price, while increased selling pressure lowers it.

Market Sentiment: Overall investor confidence or fear influences buying and selling decisions, affecting the ETF.

Currency Fluctuations: Peso/USD exchange rates impact returns for Mexican investors holding ITOT.MX.

Dividend Payments: ITOT.MX distributes dividends, which slightly reduces the ETF's price on the ex-dividend date.

Expense Ratio: The ETF's operating costs indirectly affect returns over the long term.

Trading Volume & Liquidity: Higher liquidity makes ITOT.MX easier to buy/sell without significantly impacting its price.

Economic Indicators: US economic data like GDP, inflation, and unemployment can impact the underlying index and ITOT.MX.

Interest Rates: Changes in US interest rates can affect company valuations and thus the index and ITOT.MX.

Political Events: Major political developments in the US can trigger market volatility and affect ITOT.MX.

Global Events: Worldwide events that impact the US economy can also impact ITOT.MX.