Mexican stocks are outperforming U.S. stocks significantly this year, with the iShares MSCI Mexico ETF (NYSE: EWW) surging by 26% through May 8, while the S&P 500, tracked by the SPDR S&P 500 ETF Trust (NYSE: SPY), dropped by 4.5%. This 30.5 percentage point lead marks the strongest outperformance against the S&P 500 since 2005. The Mexican peso has also strengthened by 6.5% against the U.S. dollar, contributing to the rally. This growth surpasses the 37% annual outperformance seen in 2005, showcasing a rapid acceleration in less than five months.