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Direxion Daily MSCI Mexico Bull 3X Shares (MEXX)

ETF · Currency in USD · Last updated Oct 1, 2022

MEXX is a passive ETF by Direxion tracking the investment results of the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). MEXX launched on May 3, 2017 and has a 1.21% expense ratio.

ETF Info

ISINUS25460E7528
CUSIP25460E752
IssuerDirexion
Inception DateMay 3, 2017
RegionLatin America (Mexico)
CategoryLeveraged Equities, Leveraged
Leveraged3x
Expense Ratio1.21%
Index TrackedMSCI Mexico IMI 25-50 Net Total Return USD Index (300%)
ETF Home Pagewww.direxion.com
Asset ClassEquity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Trading Data

Previous Close$71.29
Year Range$60.62 - $121.61
EMA (50)$71.42
EMA (200)$79.93
Average Volume$2.61K

MEXXShare Price Chart


Chart placeholderClick Calculate to get results

MEXXPerformance

The chart shows the growth of $10,000 invested in Direxion Daily MSCI Mexico Bull 3X Shares in May 2017 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $2,198 for a total return of roughly -78.02%. All prices are adjusted for splits and dividends.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%MayJuneJulyAugustSeptember
-50.46%
-21.76%
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)

MEXXReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
1M-8.31%-10.05%
6M-49.91%-20.85%
YTD-38.30%-24.77%
1Y-27.56%-17.75%
5Y-28.40%7.39%
10Y-24.91%7.69%

MEXXMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2022-12.32%11.01%26.55%-27.57%15.04%-26.61%0.46%-16.68%-2.13%
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%
20204.53%-26.27%-78.39%4.68%21.58%-4.35%4.25%3.27%1.23%4.08%66.61%21.05%
201928.49%-10.38%-1.85%17.62%-21.50%9.25%-14.62%-0.96%7.67%10.07%-6.29%13.37%
201823.56%-18.83%7.36%-0.99%-35.85%21.06%30.12%-11.03%4.03%-46.80%-15.40%7.09%
2017-1.08%11.42%17.63%2.58%-12.55%-21.64%-0.85%-4.61%

MEXXSharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Direxion Daily MSCI Mexico Bull 3X Shares Sharpe ratio is -0.43. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.000.501.00MayJuneJulyAugustSeptember
-0.43
-0.77
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)

MEXXDividend History

Direxion Daily MSCI Mexico Bull 3X Shares granted a 1.38% dividend yield in the last twelve months. The annual payout for that period amounted to $0.82 per share.


PeriodTTM20212020201920182017
Dividend$0.82$0.61$0.07$2.20$6.46$0.67

Dividend yield

1.38%0.64%0.12%1.62%5.78%0.29%

MEXXDrawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-80.00%-60.00%-40.00%-20.00%0.00%NovemberDecember2022FebruaryMarchAprilMayJuneJulyAugustSeptember
-84.19%
-25.25%
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)

MEXXWorst Drawdowns

The table below shows the maximum drawdowns of the Direxion Daily MSCI Mexico Bull 3X Shares. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Direxion Daily MSCI Mexico Bull 3X Shares is 95.58%, recorded on Apr 3, 2020. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-95.58%Jul 27, 2017666Apr 3, 2020
-11.79%May 17, 20172May 18, 20179Jun 5, 201711
-6.14%Jun 27, 20173Jun 29, 20174Jul 10, 20177
-2.56%Jul 19, 20173Jul 24, 20172Jul 26, 20175
-1.68%Jun 15, 20171Jun 15, 20172Jun 23, 20173
-1.67%May 5, 20171May 5, 20171May 12, 20172
-1.38%Jun 7, 20171Jun 7, 20172Jun 13, 20173
-0.62%Jul 17, 20171Jul 17, 20171Jul 18, 20172

MEXXVolatility Chart

Current Direxion Daily MSCI Mexico Bull 3X Shares volatility is 81.78%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


20.00%40.00%60.00%80.00%100.00%MayJuneJulyAugustSeptember
81.78%
19.40%
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)