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Direxion Daily MSCI Mexico Bull 3X Shares (MEXX)
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ETF Info

ISIN
US25460E7528
CUSIP
25460E752
Issuer
Direxion
Inception Date
May 3, 2017
Region
Latin America (Mexico)
Leveraged
3x
Index Tracked
MSCI Mexico IMI 25-50 Net Total Return USD Index (300%)
Distribution Policy
Distributing
Asset Class
Equity
Asset Class Size
Multi-Cap
Asset Class Style
Blend

Share Price Chart


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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Direxion Daily MSCI Mexico Bull 3X Shares, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


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S&P 500 Index

Returns By Period

Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has returned 16.23% so far this year and 169.80% over the past 12 months.


Direxion Daily MSCI Mexico Bull 3X Shares

1D
9.76%
1M
-23.67%
YTD
16.23%
6M
23.78%
1Y
169.80%
3Y*
5.04%
5Y*
19.01%
10Y*

Benchmark (S&P 500 Index)

1D
2.91%
1M
-5.09%
YTD
-4.63%
6M
-2.39%
1Y
16.33%
3Y*
16.69%
5Y*
10.18%
10Y*
12.16%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 3, 2017, MEXX's average daily return is +0.09%, while the average monthly return is +2.03%. At this rate, your investment would double in approximately 2.9 years.

Historically, 55% of months were positive and 45% were negative. The best month was Nov 2020 with a return of +66.6%, while the worst month was Mar 2020 at -78.4%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, MEXX closed higher 52% of trading days. The best single day was Mar 25, 2020 with a return of +24.6%, while the worst single day was Mar 16, 2020 at -42.4%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
202624.73%22.07%-23.67%16.23%
202511.67%8.38%0.19%30.42%15.78%6.38%-3.59%7.59%30.80%-8.60%7.01%8.88%181.49%
2024-7.52%-7.63%17.69%-17.35%-4.80%-36.98%-3.52%-19.73%1.37%-11.30%-10.82%-13.20%-73.13%
202355.76%-1.98%7.14%5.23%-7.17%15.12%10.95%-15.63%-18.57%-19.30%49.98%27.04%115.60%
2022-12.32%11.01%26.55%-27.57%15.04%-26.61%0.46%-16.68%-2.13%47.38%19.33%-19.79%-12.96%
2021-19.68%1.78%23.29%10.41%18.42%0.23%5.20%13.02%-16.74%-0.44%-18.69%44.31%52.75%

Benchmark Metrics

Direxion Daily MSCI Mexico Bull 3X Shares has an annualized alpha of -8.03%, beta of 2.40, and R² of 0.36 versus S&P 500 Index. Calculated based on daily prices since May 04, 2017.

  • This ETF captured 220.01% of S&P 500 Index gains and 204.31% of its losses — amplifying both gains and losses, but participating more in upside than downside.
  • R² of 0.36 means the benchmark explains less than half of this ETF's behavior — treat beta with caution or consider switching to a more representative benchmark.

Alpha
-8.03%
Beta
2.40
0.36
Upside Capture
220.01%
Downside Capture
204.31%

Expense Ratio

MEXX has a high expense ratio of 1.21%, indicating above-average management fees.


Return for Risk

Risk / Return Rank

MEXX ranks 92 for risk / return — in the top 92% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.


MEXX Risk / Return Rank: 9292
Overall Rank
MEXX Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
MEXX Sortino Ratio Rank: 9090
Sortino Ratio Rank
MEXX Omega Ratio Rank: 8787
Omega Ratio Rank
MEXX Calmar Ratio Rank: 9595
Calmar Ratio Rank
MEXX Martin Ratio Rank: 9494
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and compare them to a chosen benchmark (S&P 500 Index).


MEXXBenchmarkDifference

Sharpe ratio

Return per unit of total volatility

2.33

0.90

+1.43

Sortino ratio

Return per unit of downside risk

2.59

1.39

+1.21

Omega ratio

Gain probability vs. loss probability

1.36

1.21

+0.15

Calmar ratio

Return relative to maximum drawdown

4.09

1.40

+2.69

Martin ratio

Return relative to average drawdown

14.31

6.61

+7.71

Explore MEXX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

Dividends

Dividend History

Direxion Daily MSCI Mexico Bull 3X Shares provided a 1.36% dividend yield over the last twelve months, with an annual payout of $0.40 per share.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%$0.00$0.20$0.40$0.60$0.80$1.00$1.20201720182019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM202520242023202220212020201920182017
Dividend$0.40$0.40$0.53$0.58$0.22$0.12$0.01$0.44$1.29$0.13

Dividend yield

1.36%1.60%5.81%1.66%1.33%0.63%0.12%1.60%5.61%0.27%

Monthly Dividends

The table displays the monthly dividend distributions for Direxion Daily MSCI Mexico Bull 3X Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.00$0.00$0.03$0.03
2025$0.00$0.00$0.03$0.00$0.00$0.21$0.00$0.00$0.00$0.00$0.00$0.16$0.40
2024$0.00$0.00$0.11$0.00$0.00$0.10$0.00$0.00$0.08$0.00$0.00$0.25$0.53
2023$0.00$0.00$0.10$0.00$0.00$0.16$0.00$0.00$0.03$0.00$0.00$0.30$0.58
2022$0.00$0.00$0.00$0.00$0.00$0.06$0.00$0.00$0.01$0.00$0.00$0.15$0.22
2021$0.00$0.00$0.00$0.00$0.00$0.03$0.00$0.00$0.00$0.00$0.00$0.09$0.12

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Direxion Daily MSCI Mexico Bull 3X Shares. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Direxion Daily MSCI Mexico Bull 3X Shares was 95.58%, occurring on Apr 3, 2020. The portfolio has not yet recovered.

The current Direxion Daily MSCI Mexico Bull 3X Shares drawdown is 57.72%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-95.58%Jul 27, 2017677Apr 3, 2020
-11.79%May 17, 20172May 18, 201711Jun 5, 201713
-6.14%Jun 27, 20173Jun 29, 20176Jul 10, 20179
-2.56%Jul 19, 20174Jul 24, 20172Jul 26, 20176
-1.68%Jun 15, 20171Jun 15, 20176Jun 23, 20177

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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