MEXX vs. COTG

Last updated Jun 4, 2026

MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) and COTG (Leverage Shares 2X Long COST Daily ETF) are both Leveraged Equities funds. MEXX is passively managed, while COTG is actively managed. At a 0.04 correlation, their price movements are largely independent. MEXX charges 1.21%/yr vs 0.75%/yr for COTG.

Performance

MEXX vs. COTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Leverage Shares 2X Long COST Daily ETF (COTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MEXX achieves a 25.36% return, which is significantly higher than COTG's 17.32% return.

MEXX

• 1D: -3.80%
• 1M: 7.60%
• YTD: 25.36%
• 6M: 36.34%
• 1Y: 90.76%
• 3Y*: 7.01%
• 5Y*: 15.32%
• 10Y*: —

COTG

• 1D: 1.39%
• 1M: -11.21%
• YTD: 17.32%
• 6M: 1.51%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEXX vs. COTG - Yearly Performance Comparison

	2026 (YTD)	2025
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	25.36%	16.68%
COTG Leverage Shares 2X Long COST Daily ETF	17.32%	-21.71%

Correlation

The correlation between MEXX and COTG is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 19, 2025	0.04

Return for Risk

MEXX vs. COTG — Risk / Return Rank

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

MEXX

MEXX Risk / Return Rank: 42
MEXX Sharpe Ratio Rank: 41
MEXX Sortino Ratio Rank: 39
MEXX Omega Ratio Rank: 39
MEXX Calmar Ratio Rank: 47
MEXX Martin Ratio Rank: 44

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.

MEXX vs. COTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Leverage Shares 2X Long COST Daily ETF (COTG). 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.

	MEXX	COTG	Difference
Sharpe ratio: Return per unit of total volatility	1.45	—	—
Sortino ratio: Return per unit of downside risk	2.02	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.35	—	—
Martin ratio: Return relative to average drawdown	7.26	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MEXX	COTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.45	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.07	-0.28	+0.22

Drawdowns

MEXX vs. COTG - Drawdown Comparison

The maximum MEXX drawdown since its inception was -95.58%, which is greater than COTG's maximum drawdown of -25.69%. Use the drawdown chart below to compare losses from any high point for MEXX and COTG.

Drawdown Indicators

	MEXX	COTG	Difference
Max Drawdown Largest peak-to-trough decline	-95.58%	-25.69%	-69.89%
Max Drawdown (1Y) Largest decline over 1 year	-38.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.92%	—	—
Current Drawdown Current decline from peak	-54.40%	-23.48%	-30.92%
Average Drawdown Average peak-to-trough decline	-65.53%	-8.35%	-57.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.55%	—	—

Volatility

Volatility by Period

	MEXX	COTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	62.78%	40.65%	+22.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.88%	40.65%	+26.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.43%	40.65%	+33.78%

MEXX vs. COTG - Expense Ratio Comparison

MEXX has a 1.21% expense ratio, which is higher than COTG's 0.75% expense ratio.

Dividends

MEXX vs. COTG - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 1.27%, while COTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
COTG Leverage Shares 2X Long COST Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 MEXX and COTG in my portfolio?

MEXX and COTG have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEXX or COTG?

On fees, COTG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEXX or COTG?

COTG is cheaper with a 0.75% expense ratio, compared with 1.21% for MEXX.

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

MEXX has the higher dividend yield at 1.27%, compared with 0.00% for COTG.

What is the main difference between MEXX and COTG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.21% for MEXX and 0.75% for COTG.