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MEXX vs. EDC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MEXX vs. EDC

Last updated Aug 5, 2026
Documentation

MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) and EDC (Direxion Daily Emerging Markets Bull 3X Shares) are both Leveraged Equities funds from Direxion - MEXX tracks the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%) while EDC tracks the MSCI Emerging Markets Index (300%). Both are passively managed. Over the past 5 years, MEXX returned 13.32%/yr vs -1.17%/yr for EDC. Their 0.61 correlation means they have sometimes moved together and sometimes differently. MEXX charges 1.21%/yr vs 1.33%/yr for EDC.

Performance

MEXX vs. EDC - Performance Comparison

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

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Returns By Period

In the year-to-date period, MEXX achieves a 20.88% return, which is significantly lower than EDC's 42.09% return.

MEXX

1D
1.77%
1M
4.39%
6M
-14.98%
YTD
20.88%
1Y
90.68%
3Y*
2.34%
5Y*
13.32%
10Y*
—
ALL TIME*
-5.35%

EDC

1D
7.65%
1M
-2.11%
6M
12.03%
YTD
42.09%
1Y
96.15%
3Y*
37.61%
5Y*
-1.17%
10Y*
3.69%
ALL TIME*
1.91%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EDC

Direxion Daily Emerging Markets Bull 3X Shares
$5.55M$6.37M$9.21M

MEXX

Direxion Daily MSCI Mexico Bull 3X Shares
$356.64K$322.08K$550.62K

MEXX vs. EDC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
MEXX
Direxion Daily MSCI Mexico Bull 3X Shares		20.88%181.49%-73.13%115.60%-12.96%52.75%-53.63%21.41%-51.95%-15.26%
EDC
Direxion Daily Emerging Markets Bull 3X Shares		42.09%94.58%-2.00%7.48%-60.25%-20.81%6.49%43.92%-49.87%57.37%

Correlation

The correlation between MEXX and EDC is 0.57, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.57

Correlation (3Y)
Balances recent behavior with more history.

0.57

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.59

Correlation (All Time)
Calculated using the full available price history since May 3, 2017

0.61

The correlation between MEXX and EDC has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.

MEXX vs. EDC - Sectors Allocation Comparison

Sectors
MEXX
EDC

Consumer Defensive

24.6%
3.2%

Basic Materials

24.1%
7.0%

Financial Services

19.1%
20.8%

Industrials

13.6%
7.3%

Communication Services

10.4%
7.8%

Real Estate

6.5%
1.1%

Consumer Cyclical

1.3%
10.3%

Healthcare

0.5%
3.2%

Energy

-

4.4%

Technology

-

32.7%

Utilities

-

2.2%

Consumer Defensive

MEXX
24.6%
EDC
3.2%

Basic Materials

MEXX
24.1%
EDC
7.0%

Financial Services

MEXX
19.1%
EDC
20.8%

Industrials

MEXX
13.6%
EDC
7.3%

Communication Services

MEXX
10.4%
EDC
7.8%

Real Estate

MEXX
6.5%
EDC
1.1%

Consumer Cyclical

MEXX
1.3%
EDC
10.3%

Healthcare

MEXX
0.5%
EDC
3.2%

Energy

MEXX

-

EDC
4.4%

Technology

MEXX

-

EDC
32.7%

Utilities

MEXX

-

EDC
2.2%

Compare stocks, funds, or ETFs

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Direxion Daily MSCI Mexico Bull 3X Shares

Direxion Daily Emerging Markets Bull 3X Shares

Often compared with MEXX:
MEXX vs. EWWMEXX vs. FLMXMEXX vs. QQQMEXX vs. SPYMEXX vs. QLDMEXX vs. FZROXMEXX vs. TQQQ
Often compared with EDC:
EDC vs. EDZEDC vs. EEMEDC vs. EETEDC vs. YINNEDC vs. EDIVEDC vs. TMFEDC vs. UPRO

Return for Risk

MEXX vs. EDC — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
MEXX
MEXX Risk / Return Rank: 5050
Overall Rank
MEXX Sharpe Ratio Rank: 5050
Sharpe Ratio Rank
MEXX Sortino Ratio Rank: 4848
Sortino Ratio Rank
MEXX Omega Ratio Rank: 4747
Omega Ratio Rank
MEXX Calmar Ratio Rank: 5959
Calmar Ratio Rank
MEXX Martin Ratio Rank: 4646
Martin Ratio Rank
EDC
EDC Risk / Return Rank: 5151
Overall Rank
EDC Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
EDC Sortino Ratio Rank: 4545
Sortino Ratio Rank
EDC Omega Ratio Rank: 5151
Omega Ratio Rank
EDC Calmar Ratio Rank: 6161
Calmar Ratio Rank
EDC Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MEXX vs. EDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Direxion Daily Emerging Markets Bull 3X Shares (EDC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

MEXXEDCDifference
Sharpe ratioReturn per unit of total volatility
1.40
1.32

+0.09

Sortino ratioReturn per unit of downside risk
1.97
1.86

+0.11

Omega ratioGain probability vs. loss probability

1.25

1.26

-0.01

Calmar ratioReturn relative to maximum drawdown

2.35

2.41

-0.06

Martin ratioReturn relative to average drawdown

5.72

6.72

-1.00

MEXX vs. EDC - Sharpe Ratio Comparison

The current MEXX Sharpe Ratio is 1.40, which is comparable to the EDC Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of MEXX and EDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

MEXX vs. EDC - Drawdown Comparison

The maximum MEXX drawdown since its inception was -95.58%, roughly equal to the maximum EDC drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for MEXX and EDC.

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Drawdown Indicators

MEXXEDCDifference

Max Drawdown

Largest peak-to-trough decline

-95.58%

-92.54%

-3.04%

Max Drawdown (1Y)

Largest decline over 1 year

-38.77%

-40.06%

+1.29%

Max Drawdown (3Y)

Largest decline over 3 years

-74.92%

-49.48%

-25.44%

Max Drawdown (5Y)

Largest decline over 5 years

-74.92%

-77.83%

+2.91%

Max Drawdown (10Y)

Largest decline over 10 years

—

-87.01%

—

Current Drawdown

Current decline from peak

-56.03%

-69.84%

+13.81%

Average Drawdown

Average peak-to-trough decline

-65.37%

-65.37%

0.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

15.90%

14.35%

+1.55%

Volatility

MEXX vs. EDC - Volatility Comparison

The current volatility for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is 14.88%, while Direxion Daily Emerging Markets Bull 3X Shares (EDC) has a volatility of 26.60%. This indicates that MEXX experiences smaller price fluctuations and is considered to be less risky than EDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

MEXXEDCDifference

Volatility (1M)

Calculated over the trailing 1-month period

14.88%

26.60%

-11.72%

Volatility (6M)

Calculated over the trailing 6-month period

53.04%

67.61%

-14.57%

Volatility (1Y)

Calculated over the trailing 1-year period

64.99%

73.40%

-8.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

66.99%

59.52%

+7.47%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

74.18%

61.65%

+12.53%

MEXX vs. EDC - Expense Ratio Comparison

MEXX has a 1.21% expense ratio, which is lower than EDC's 1.33% expense ratio.

Dividends

MEXX vs. EDC - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 1.39%, which matches EDC's 1.40% yield.

PositionTTM202520242023202220212020201920182017
EDC
Direxion Daily Emerging Markets Bull 3X Shares		1.40%1.79%3.94%3.54%0.00%0.18%0.44%0.97%0.78%0.25%
MEXX
Direxion Daily MSCI Mexico Bull 3X Shares		1.39%1.60%5.81%1.66%1.33%0.63%0.12%1.60%5.61%0.27%

Frequently Asked Questions

MEXX and EDC have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EDC has higher volatility (26.60%) compared to MEXX (14.88%). In terms of maximum drawdown, MEXX dropped -95.58% vs EDC's -92.54%.

On 5-year performance, MEXX leads with 13.32% vs -1.17% for EDC. On fees, MEXX is cheaper at 1.21% per year. On volatility, MEXX has been the lower-risk option at 14.88%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, MEXX has performed better with a 13.32% return vs -1.17%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MEXX is cheaper with a 1.21% expense ratio, compared with 1.33% for EDC.

EDC has the higher dividend yield at 1.40%, compared with 1.39% for MEXX.

MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%), while EDC tracks MSCI Emerging Markets Index (300%). Their fees differ too: 1.21% for MEXX and 1.33% for EDC.

MEXX currently has the higher Sharpe Ratio (1.40 vs 1.32), 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.

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