FLMX vs. MEXX
Compare and contrast key facts about Franklin FTSE Mexico ETF (FLMX) and Direxion Daily MSCI Mexico Bull 3X Shares (MEXX).
FLMX and MEXX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLMX is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Mexico RIC Capped Index. It was launched on Nov 3, 2017. 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 FLMX 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: FLMX or MEXX.
Performance
FLMX vs. MEXX - Performance Comparison
Returns By Period
In the year-to-date period, FLMX achieves a -23.82% return, which is significantly higher than MEXX's -67.60% return.
FLMX
-23.82%
-6.45%
-25.78%
-15.71%
5.33%
N/A
MEXX
-67.60%
-17.82%
-65.90%
-56.81%
-14.33%
N/A
Key characteristics
| FLMX | MEXX | |
|---|---|---|
| Sharpe Ratio | -0.65 | -0.78 |
| Sortino Ratio | -0.75 | -0.96 |
| Omega Ratio | 0.90 | 0.87 |
| Calmar Ratio | -0.54 | -0.66 |
| Martin Ratio | -1.04 | -1.35 |
| Ulcer Index | 14.66% | 41.30% |
| Daily Std Dev | 23.57% | 71.90% |
| Max Drawdown | -50.05% | -95.58% |
| Current Drawdown | -27.21% | -84.42% |
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FLMX vs. MEXX - Expense Ratio Comparison
FLMX has a 0.19% expense ratio, which is lower than MEXX's 1.21% expense ratio.
Correlation
The correlation between FLMX and MEXX is 0.91, 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.
Risk-Adjusted Performance
FLMX vs. MEXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Franklin FTSE Mexico ETF (FLMX) 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
FLMX vs. MEXX - Dividend Comparison
FLMX's dividend yield for the trailing twelve months is around 3.46%, less than MEXX's 5.15% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
FLMX Franklin FTSE Mexico ETF | 3.46% | 2.90% | 4.22% | 3.15% | 1.48% | 2.95% | 2.51% | 0.31% |
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 5.15% | 1.66% | 1.33% | 0.63% | 0.12% | 1.60% | 5.61% | 0.27% |
Drawdowns
FLMX vs. MEXX - Drawdown Comparison
The maximum FLMX drawdown since its inception was -50.05%, smaller than the maximum MEXX drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for FLMX and MEXX. For additional features, visit the drawdowns tool.
Volatility
FLMX vs. MEXX - Volatility Comparison
The current volatility for Franklin FTSE Mexico ETF (FLMX) is 5.63%, while Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a volatility of 16.80%. This indicates that FLMX 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.