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GXG vs. MEXX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


GXGMEXX
YTD Return0.92%-65.66%
1Y Return15.94%-48.38%
3Y Return (Ann)-2.06%-11.47%
5Y Return (Ann)-5.23%-14.39%
Sharpe Ratio0.99-0.66
Sortino Ratio1.48-0.67
Omega Ratio1.180.91
Calmar Ratio0.28-0.57
Martin Ratio2.18-1.22
Ulcer Index8.57%38.99%
Daily Std Dev18.88%72.20%
Max Drawdown-78.88%-95.58%
Current Drawdown-61.25%-83.49%

Correlation

-0.50.00.51.00.5

The correlation between GXG and MEXX is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Performance

GXG vs. MEXX - Performance Comparison

In the year-to-date period, GXG achieves a 0.92% 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.


-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-10.64%
-61.38%
GXG
MEXX

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GXG vs. MEXX - Expense Ratio Comparison

GXG has a 0.62% expense ratio, which is lower than MEXX's 1.21% expense ratio.


MEXX
Direxion Daily MSCI Mexico Bull 3X Shares
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%
Expense ratio chart for GXG: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%

Risk-Adjusted Performance

GXG vs. MEXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI Colombia ETF (GXG) 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.


GXG
Sharpe ratio
The chart of Sharpe ratio for GXG, currently valued at 0.99, compared to the broader market0.002.004.000.99
Sortino ratio
The chart of Sortino ratio for GXG, currently valued at 1.48, compared to the broader market0.005.0010.001.48
Omega ratio
The chart of Omega ratio for GXG, currently valued at 1.18, compared to the broader market1.001.502.002.503.001.18
Calmar ratio
The chart of Calmar ratio for GXG, currently valued at 0.43, compared to the broader market0.005.0010.0015.0020.000.43
Martin ratio
The chart of Martin ratio for GXG, currently valued at 2.18, compared to the broader market0.0020.0040.0060.0080.00100.00120.002.18
MEXX
Sharpe ratio
The chart of Sharpe ratio for MEXX, currently valued at -0.66, compared to the broader market0.002.004.00-0.66
Sortino ratio
The chart of Sortino ratio for MEXX, currently valued at -0.67, compared to the broader market0.005.0010.00-0.67
Omega ratio
The chart of Omega ratio for MEXX, currently valued at 0.91, compared to the broader market1.001.502.002.503.000.91
Calmar ratio
The chart of Calmar ratio for MEXX, currently valued at -0.57, compared to the broader market0.005.0010.0015.0020.00-0.57
Martin ratio
The chart of Martin ratio for MEXX, currently valued at -1.22, compared to the broader market0.0020.0040.0060.0080.00100.00120.00-1.22

GXG vs. MEXX - Sharpe Ratio Comparison

The current GXG Sharpe Ratio is 0.99, which is higher than the MEXX Sharpe Ratio of -0.66. The chart below compares the historical Sharpe Ratios of GXG and MEXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.00-0.500.000.501.001.502.002.50JuneJulyAugustSeptemberOctoberNovember
0.99
-0.66
GXG
MEXX

Dividends

GXG vs. MEXX - Dividend Comparison

GXG's dividend yield for the trailing twelve months is around 6.90%, more than MEXX's 4.86% yield.


TTM20232022202120202019201820172016201520142013
GXG
Global X MSCI Colombia ETF
6.90%6.99%12.55%2.32%3.23%3.04%3.03%1.83%1.48%1.58%3.20%4.10%
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

GXG vs. MEXX - Drawdown Comparison

The maximum GXG drawdown since its inception was -78.88%, smaller than the maximum MEXX drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for GXG and MEXX. For additional features, visit the drawdowns tool.


-80.00%-70.00%-60.00%-50.00%-40.00%-30.00%-20.00%JuneJulyAugustSeptemberOctoberNovember
-31.55%
-83.49%
GXG
MEXX

Volatility

GXG vs. MEXX - Volatility Comparison

The current volatility for Global X MSCI Colombia ETF (GXG) is 4.19%, while Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a volatility of 12.15%. This indicates that GXG 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.


0.00%10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
4.19%
12.15%
GXG
MEXX