EWW vs. MEXX
Compare and contrast key facts about iShares MSCI Mexico ETF (EWW) and Direxion Daily MSCI Mexico Bull 3X Shares (MEXX).
EWW and MEXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EWW is a passively managed fund by iShares that tracks the performance of the MSCI Mexico IMI 25/50 Index. It was launched on Mar 12, 1996. MEXX is a passively managed fund by Direxion that tracks the performance of the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). It was launched on May 3, 2017. Both EWW and MEXX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EWW or MEXX.
Key characteristics
| EWW | MEXX | |
|---|---|---|
| YTD Return | -23.04% | -65.66% |
| 1Y Return | -10.95% | -48.38% |
| 3Y Return (Ann) | 4.15% | -11.47% |
| 5Y Return (Ann) | 5.16% | -14.39% |
| Sharpe Ratio | -0.41 | -0.66 |
| Sortino Ratio | -0.41 | -0.67 |
| Omega Ratio | 0.95 | 0.91 |
| Calmar Ratio | -0.37 | -0.57 |
| Martin Ratio | -0.71 | -1.22 |
| Ulcer Index | 14.18% | 38.99% |
| Daily Std Dev | 24.46% | 72.20% |
| Max Drawdown | -64.95% | -95.58% |
| Current Drawdown | -26.00% | -83.49% |
Correlation
The correlation between EWW and MEXX is 0.97, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
EWW vs. MEXX - Performance Comparison
In the year-to-date period, EWW achieves a -23.04% return, which is significantly higher than MEXX's -65.66% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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EWW vs. MEXX - Expense Ratio Comparison
EWW has a 0.49% expense ratio, which is lower than MEXX's 1.21% expense ratio.
Risk-Adjusted Performance
EWW vs. MEXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Mexico ETF (EWW) 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.
Dividends
EWW vs. MEXX - Dividend Comparison
EWW's dividend yield for the trailing twelve months is around 2.90%, less than MEXX's 4.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWW iShares MSCI Mexico ETF | 2.90% | 2.19% | 3.63% | 2.06% | 1.42% | 2.91% | 2.29% | 2.21% | 1.76% | 2.31% | 1.22% | 1.93% |
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 4.86% | 1.66% | 1.33% | 0.63% | 0.12% | 1.60% | 5.61% | 0.27% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EWW vs. MEXX - Drawdown Comparison
The maximum EWW drawdown since its inception was -64.95%, smaller than the maximum MEXX drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for EWW and MEXX. For additional features, visit the drawdowns tool.
Volatility
EWW vs. MEXX - Volatility Comparison
The current volatility for iShares MSCI Mexico ETF (EWW) is 4.17%, while Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a volatility of 12.15%. This indicates that EWW 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.