- ISIN
- US25460E7528
- CUSIP
- 25460E752
- Issuer
- Direxion
- Inception Date
- May 3, 2017
- Region
- Latin America (Mexico)
- Category
- Leveraged Equities
- 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
- Assets Under Management
- $23M
Share Price Chart
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Performance
MEXX Performance Chart
Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is up 25.4% since the beginning of the year. MEXX is currently trading at $31 per share. Investors who bought $1,000 worth of MEXX shares 5 years ago would now be looking at an investment worth $2,039.
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Returns By Period
Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has returned 25.36% so far this year and 90.76% over the past 12 months.
Direxion Daily MSCI Mexico Bull 3X Shares
- 1D
- -3.80%
- 1M
- 7.60%
- YTD
- 25.36%
- 6M
- 36.34%
- 1Y
- 90.76%
- 3Y*
- 7.01%
- 5Y*
- 15.32%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
MEXX Monthly Returns History
Based on dividend-adjusted daily data since May 3, 2017, MEXX's average daily return is +0.09%, while the average monthly return is +2.04%. At this rate, an 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 24.73% | 22.07% | -23.67% | 3.14% | 6.68% | -1.97% | 25.36% | ||||||
| 2025 | 11.67% | 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% |
| 2023 | 55.76% | -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 -10.45%, 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 209.91% of S&P 500 Index gains and 206.62% 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
- -10.45%
- Beta
- 2.40
- R²
- 0.36
- Upside Capture
- 209.91%
- Downside Capture
- 206.62%
Expense Ratio
MEXX has a high expense ratio of 1.21%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
MEXX ranks 43 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
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 S&P 500 Index.
| MEXX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.79 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.41 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 2.93 | -0.57 |
| Martin ratioReturn relative to average drawdown | 7.26 | 13.52 | -6.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Direxion Daily MSCI Mexico Bull 3X Shares provided a 1.27% dividend yield over the last twelve months, with an annual payout of $0.40 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.40 | $0.40 | $0.53 | $0.58 | $0.22 | $0.12 | $0.01 | $0.44 | $1.29 | $0.13 |
Dividend yield | 1.27% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $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 54.40%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -95.58%Apr 2020 | 2y 8mo | — | 8y 10moJul 2017 - now |
2017 correction2017 | -11.79%May 2017 | 1d | 18d | 19dMay 2017 - Jun 2017 |
2017 pullback2017 | -6.14%Jun 2017 | 2d | 11d | 13dJun 2017 - Jul 2017 |
2017 pullback2017 | -2.56%Jul 2017 | 5d | 2d | 7dJul 2017 - Jul 2017 |
2017 pullback2017 | -1.68%Jun 2017 | 0s | 8d | 8dJun 2017 - Jun 2017 |
Drawdown Indicators
| MEXX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.58% | -56.78% | -38.80% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -9.10% | -29.67% |
Max Drawdown (3Y)Largest decline over 3 years | -74.92% | -18.90% | -56.02% |
Max Drawdown (5Y)Largest decline over 5 years | -74.92% | -25.43% | -49.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -54.40% | -0.74% | -53.66% |
Average DrawdownAverage peak-to-trough decline | -65.53% | -10.72% | -54.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.55% | 1.97% | +10.58% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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