MEXX vs. DBE
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - MEXX is a Leveraged Equities fund tracking the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%), while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 5 years, MEXX returned 14.76%/yr vs 19.05%/yr for DBE. At a 0.19 correlation, their price movements are largely independent. MEXX charges 1.21%/yr vs 0.78%/yr for DBE.
Performance
MEXX vs. DBE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MEXX achieves a 22.35% return, which is significantly lower than DBE's 79.04% return.
MEXX
- 1D
- -2.41%
- 1M
- -1.90%
- YTD
- 22.35%
- 6M
- 31.01%
- 1Y
- 87.74%
- 3Y*
- 5.12%
- 5Y*
- 14.76%
- 10Y*
- —
DBE
- 1D
- -2.52%
- 1M
- -6.01%
- YTD
- 79.04%
- 6M
- 69.31%
- 1Y
- 81.31%
- 3Y*
- 22.41%
- 5Y*
- 19.05%
- 10Y*
- 11.58%
MEXX vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 22.35% | 181.49% | -73.13% | 115.60% | -12.96% | 52.75% | -53.63% | 21.41% | -51.95% | -13.81% |
DBE Invesco DB Energy Fund | 79.04% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 21.69% |
Correlation
The correlation between MEXX and DBE is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since May 4, 2017 | 0.19 |
The correlation between MEXX and DBE shifts across timeframes, from -0.22 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MEXX vs. DBE — Risk / Return Rank
MEXX
DBE
MEXX vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Invesco DB Energy Fund (DBE). 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 | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.28 | 5.67 | -3.40 |
| Martin ratioReturn relative to average drawdown | 6.98 | 11.08 | -4.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| MEXX | DBE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 2.33 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.65 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.41 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.09 | -0.16 |
Drawdowns
MEXX vs. DBE - Drawdown Comparison
The maximum MEXX drawdown since its inception was -95.58%, which is greater than DBE's maximum drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for MEXX and DBE.
Loading charts...
Drawdown Indicators
| MEXX | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.58% | -86.69% | -8.89% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -14.41% | -24.36% |
Max Drawdown (3Y)Largest decline over 3 years | -74.92% | -23.89% | -51.03% |
Max Drawdown (5Y)Largest decline over 5 years | -74.92% | -38.74% | -36.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.84% | — |
Current DrawdownCurrent decline from peak | -55.50% | -32.03% | -23.47% |
Average DrawdownAverage peak-to-trough decline | -65.53% | -57.30% | -8.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.62% | 7.37% | +5.25% |
Volatility
MEXX vs. DBE - Volatility Comparison
Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a higher volatility of 15.54% compared to Invesco DB Energy Fund (DBE) at 13.05%. This indicates that MEXX's price experiences larger fluctuations and is considered to be riskier than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MEXX | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.54% | 13.05% | +2.49% |
Volatility (6M)Calculated over the trailing 6-month period | 52.57% | 30.97% | +21.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.83% | 35.07% | +27.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.89% | 29.41% | +37.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.42% | 28.34% | +46.08% |
MEXX vs. DBE - Expense Ratio Comparison
MEXX has a 1.21% expense ratio, which is higher than DBE's 0.78% expense ratio.
Dividends
MEXX vs. DBE - Dividend Comparison
MEXX's dividend yield for the trailing twelve months is around 1.30%, less than DBE's 2.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.16% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% |
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 1.30% | 1.60% | 5.81% | 1.66% | 1.33% | 0.63% | 0.12% | 1.60% | 5.61% | 0.27% |
Frequently Asked Questions
MEXX and DBE have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEXX has higher volatility (15.54%) compared to DBE (13.05%). In terms of maximum drawdown, MEXX dropped -95.58% vs DBE's -86.69%.
On 5-year performance, DBE leads with 19.05% vs 14.76% for MEXX. On fees, DBE is cheaper at 0.78% per year. On volatility, DBE has been the lower-risk option at 13.05%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBE has performed better with a 19.05% return vs 14.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBE is cheaper with a 0.78% expense ratio, compared with 1.21% for MEXX.
DBE has the higher dividend yield at 2.16%, compared with 1.30% for MEXX.
MEXX is categorized as Leveraged Equities, while DBE is Oil & Gas. MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%), while DBE tracks DBIQ Optimum Yield Energy Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 1.21% for MEXX and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (2.33 vs 1.40), 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.
Find the right allocation for MEXX and DBE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer