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Direxion Daily MSCI Mexico Bull 3X Shares (MEXX)
Performance
Risk-Adjusted Performance
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%)

Asset Class

Equity

Asset Class Size

Multi-Cap

Asset Class Style

Blend

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
MEXX vs. FLMX MEXX vs. EWW MEXX vs. QLD MEXX vs. FZROX MEXX vs. QQQ MEXX vs. TQQQ MEXX vs. GXG MEXX vs. SPY
Popular comparisons:
MEXX vs. FLMX MEXX vs. EWW MEXX vs. QLD MEXX vs. FZROX MEXX vs. QQQ MEXX vs. TQQQ MEXX vs. GXG MEXX vs. SPY

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.


-60.00%-40.00%-20.00%0.00%20.00%JuneJulyAugustSeptemberOctoberNovember
-64.16%
12.92%
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)

Returns By Period

Direxion Daily MSCI Mexico Bull 3X Shares had a return of -69.21% year-to-date (YTD) and -59.25% in the last 12 months.


MEXX

YTD

-69.21%

1M

-18.27%

6M

-64.16%

1Y

-59.25%

5Y (annualized)

-15.48%

10Y (annualized)

N/A

^GSPC (Benchmark)

YTD

24.72%

1M

1.67%

6M

12.93%

1Y

30.55%

5Y (annualized)

13.88%

10Y (annualized)

11.16%

Monthly Returns

The table below presents the monthly returns of MEXX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-7.52%-7.63%17.69%-17.35%-4.80%-36.98%-3.52%-19.72%1.37%-11.30%-69.21%
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%15.03%-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%52.76%
20204.53%-26.27%-78.39%4.68%21.57%-4.35%4.25%3.27%1.23%4.08%66.61%21.05%-53.63%
201928.49%-10.38%-1.85%17.62%-21.50%9.25%-14.62%-0.96%7.67%10.07%-6.29%13.37%21.41%
201823.56%-18.83%7.36%-0.99%-35.85%21.06%30.12%-11.03%4.03%-46.80%-15.40%7.09%-51.95%
2017-1.08%11.42%17.63%2.58%-12.55%-21.64%-0.85%-4.61%-13.81%

Expense Ratio

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


Expense ratio chart for MEXX: current value at 1.21% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.21%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of MEXX is 1, indicating that it is in the bottom 1% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.


The Risk-Adjusted Performance Rank of MEXX is 11
Combined Rank
The Sharpe Ratio Rank of MEXX is 11
Sharpe Ratio Rank
The Sortino Ratio Rank of MEXX is 11
Sortino Ratio Rank
The Omega Ratio Rank of MEXX is 11
Omega Ratio Rank
The Calmar Ratio Rank of MEXX is 00
Calmar Ratio Rank
The Martin Ratio Rank of MEXX is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for MEXX, currently valued at -0.82, compared to the broader market0.002.004.00-0.822.54
The chart of Sortino ratio for MEXX, currently valued at -1.09, compared to the broader market-2.000.002.004.006.008.0010.00-1.093.40
The chart of Omega ratio for MEXX, currently valued at 0.86, compared to the broader market0.501.001.502.002.503.000.861.47
The chart of Calmar ratio for MEXX, currently valued at -0.69, compared to the broader market0.005.0010.0015.00-0.693.66
The chart of Martin ratio for MEXX, currently valued at -1.40, compared to the broader market0.0020.0040.0060.0080.00100.00-1.4016.26
MEXX
^GSPC

The current Direxion Daily MSCI Mexico Bull 3X Shares Sharpe ratio is -0.82. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Direxion Daily MSCI Mexico Bull 3X Shares with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-0.82
2.54
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Direxion Daily MSCI Mexico Bull 3X Shares provided a 5.42% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 3 consecutive years.


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$1.202017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020201920182017
Dividend$0.58$0.58$0.22$0.12$0.01$0.44$1.29$0.13

Dividend yield

5.42%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
2024$0.00$0.00$0.11$0.00$0.00$0.10$0.00$0.00$0.08$0.00$0.00$0.28
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
2020$0.00$0.00$0.00$0.00$0.00$0.01$0.00$0.00$0.00$0.00$0.00$0.01$0.01
2019$0.00$0.00$0.07$0.00$0.00$0.24$0.00$0.00$0.03$0.00$0.00$0.10$0.44
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.18$0.00$0.00$0.12$1.29
2017$0.13$0.13

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.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-85.20%
-0.88%
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)

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 85.20%.


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

Volatility

Volatility Chart

The current Direxion Daily MSCI Mexico Bull 3X Shares volatility is 16.81%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
16.81%
3.96%
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares)
Benchmark (^GSPC)