DRN vs. MEXX

Last updated Jun 13, 2026

DRN (Direxion Daily Real Estate Bull 3x Shares) and MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) are both exchange-traded funds - DRN is a REIT fund tracking the MSCI US REIT Index (300%), while MEXX is a Leveraged Equities fund tracking the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). Both are passively managed. Over the past 5 years, DRN returned -10.77%/yr vs 13.61%/yr for MEXX. At a 0.36 correlation, their price movements are largely independent. DRN charges 0.99%/yr vs 1.21%/yr for MEXX.

Performance

DRN vs. MEXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily MSCI Mexico Bull 3X Shares (MEXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DRN achieves a 34.24% return, which is significantly higher than MEXX's 25.40% return.

DRN

• 1D: 2.62%
• 1M: 6.26%
• YTD: 34.24%
• 6M: 33.93%
• 1Y: 16.41%
• 3Y*: 10.01%
• 5Y*: -10.77%
• 10Y*: -3.96%

MEXX

• 1D: 4.13%
• 1M: -9.17%
• YTD: 25.40%
• 6M: 24.32%
• 1Y: 80.47%
• 3Y*: 2.29%
• 5Y*: 13.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DRN vs. MEXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	34.24%	-11.24%	-5.29%	12.03%	-67.26%	152.94%	-55.37%	81.86%	-25.11%	5.29%
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	25.40%	181.49%	-73.13%	115.60%	-12.96%	52.75%	-53.63%	21.41%	-51.95%	-15.26%

Correlation

The correlation between DRN and MEXX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 3, 2017	0.36

DRN vs. MEXX - Sectors Allocation Comparison

Sectors	DRN	MEXX
Real Estate	19.8%	7.8%
Basic Materials	0.4%	23.8%
Communication Services	-	10.4%
Consumer Cyclical	-	1.4%
Consumer Defensive	-	24.6%
Energy	-	-
Financial Services	-	18.2%
Healthcare	-	0.5%
Industrials	-	13.2%
Technology	-	-
Utilities	-	-

Return for Risk

DRN vs. MEXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DRN

DRN Risk / Return Rank: 17
DRN Sharpe Ratio Rank: 16
DRN Sortino Ratio Rank: 17
DRN Omega Ratio Rank: 17
DRN Calmar Ratio Rank: 19
DRN Martin Ratio Rank: 17

MEXX

MEXX Risk / Return Rank: 42
MEXX Sharpe Ratio Rank: 40
MEXX Sortino Ratio Rank: 41
MEXX Omega Ratio Rank: 40
MEXX Calmar Ratio Rank: 47
MEXX Martin Ratio Rank: 43

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.

DRN vs. MEXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Real Estate Bull 3x Shares (DRN) and Direxion Daily MSCI Mexico Bull 3X Shares (MEXX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DRN	MEXX	Difference
Sharpe ratio: Return per unit of total volatility	0.40	1.25	-0.85
Sortino ratio: Return per unit of downside risk	0.81	1.86	-1.06
Omega ratio: Gain probability vs. loss probability	1.10	1.23	-0.13
Calmar ratio: Return relative to maximum drawdown	0.68	2.09	-1.41
Martin ratio: Return relative to average drawdown	1.51	6.10	-4.59

DRN vs. MEXX - Sharpe Ratio Comparison

The current DRN Sharpe Ratio is 0.40, which is lower than the MEXX Sharpe Ratio of 1.25. The chart below compares the historical Sharpe Ratios of DRN and MEXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DRN vs. MEXX - Drawdown Comparison

The maximum DRN drawdown since its inception was -86.32%, smaller than the maximum MEXX drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for DRN and MEXX.

Drawdown Indicators

	DRN	MEXX	Difference
Max Drawdown Largest peak-to-trough decline	-86.32%	-95.58%	+9.26%
Max Drawdown (1Y) Largest decline over 1 year	-24.28%	-38.77%	+14.49%
Max Drawdown (3Y) Largest decline over 3 years	-48.26%	-74.92%	+26.66%
Max Drawdown (5Y) Largest decline over 5 years	-80.58%	-74.92%	-5.66%
Max Drawdown (10Y) Largest decline over 10 years	-86.32%	—	—
Current Drawdown Current decline from peak	-61.73%	-54.38%	-7.35%
Average Drawdown Average peak-to-trough decline	-35.11%	-65.49%	+30.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.92%	13.27%	-2.35%

Volatility

DRN vs. MEXX - Volatility Comparison

The current volatility for Direxion Daily Real Estate Bull 3x Shares (DRN) is 14.29%, while Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a volatility of 20.29%. This indicates that DRN experiences smaller price fluctuations and is considered to be less risky than MEXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DRN	MEXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.29%	20.29%	-6.00%
Volatility (6M) Calculated over the trailing 6-month period	30.42%	54.58%	-24.16%
Volatility (1Y) Calculated over the trailing 1-year period	41.19%	64.50%	-23.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	56.78%	67.05%	-10.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.68%	74.48%	-13.80%

DRN vs. MEXX - Expense Ratio Comparison

DRN has a 0.99% expense ratio, which is lower than MEXX's 1.21% expense ratio.

Dividends

DRN vs. MEXX - Dividend Comparison

DRN's dividend yield for the trailing twelve months is around 1.98%, more than MEXX's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DRN Direxion Daily Real Estate Bull 3x Shares	1.98%	2.81%	2.24%	2.84%	2.70%	4.21%	1.90%	2.59%	3.11%	0.91%
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	1.27%	1.60%	5.81%	1.66%	1.33%	0.63%	0.12%	1.60%	5.61%	0.27%

Frequently Asked Questions

Can I hold both DRN and MEXX in my portfolio?

DRN and MEXX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DRN or MEXX?

MEXX has higher volatility (20.29%) compared to DRN (14.29%). In terms of maximum drawdown, DRN dropped -86.32% vs MEXX's -95.58%.

Which ETF is better, DRN or MEXX?

On 5-year performance, MEXX leads with 13.61% vs -10.77% for DRN. On fees, DRN is cheaper at 0.99% per year. On volatility, DRN has been the lower-risk option at 14.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DRN or MEXX?

Over the 5-year period, MEXX has performed better with a 13.61% return vs -10.77%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DRN or MEXX?

DRN is cheaper with a 0.99% expense ratio, compared with 1.21% for MEXX.

Which ETF pays a higher dividend yield, DRN or MEXX?

DRN has the higher dividend yield at 1.98%, compared with 1.27% for MEXX.

What is the main difference between DRN and MEXX?

DRN is categorized as REIT, while MEXX is Leveraged Equities. DRN tracks MSCI US REIT Index (300%), while MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). Their fees differ too: 0.99% for DRN and 1.21% for MEXX.

Which has better risk-adjusted returns?

MEXX currently has the higher Sharpe Ratio (1.25 vs 0.40), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.