MEXX vs. EWW
Compare and contrast key facts about Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and iShares MSCI Mexico ETF (EWW).
MEXX and EWW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. EWW is a passively managed fund by iShares that tracks the performance of the MSCI Mexico IMI 25/50 Index. It was launched on Mar 12, 1996. Both MEXX and EWW 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: MEXX or EWW.
Key characteristics
| MEXX | EWW | |
|---|---|---|
| YTD Return | -65.66% | -23.04% |
| 1Y Return | -48.38% | -10.95% |
| 3Y Return (Ann) | -11.47% | 4.15% |
| 5Y Return (Ann) | -14.39% | 5.16% |
| Sharpe Ratio | -0.66 | -0.41 |
| Sortino Ratio | -0.67 | -0.41 |
| Omega Ratio | 0.91 | 0.95 |
| Calmar Ratio | -0.57 | -0.37 |
| Martin Ratio | -1.22 | -0.71 |
| Ulcer Index | 38.99% | 14.18% |
| Daily Std Dev | 72.20% | 24.46% |
| Max Drawdown | -95.58% | -64.95% |
| Current Drawdown | -83.49% | -26.00% |
Correlation
The correlation between MEXX and EWW is 0.97, 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.
Performance
MEXX vs. EWW - Performance Comparison
In the year-to-date period, MEXX achieves a -65.66% return, which is significantly lower than EWW's -23.04% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MEXX vs. EWW - Expense Ratio Comparison
MEXX has a 1.21% expense ratio, which is higher than EWW's 0.49% expense ratio.
Risk-Adjusted Performance
MEXX vs. EWW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and iShares MSCI Mexico ETF (EWW). 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
MEXX vs. EWW - Dividend Comparison
MEXX's dividend yield for the trailing twelve months is around 4.86%, more than EWW's 2.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
EWW iShares MSCI Mexico ETF | 2.90% | 2.19% | 3.63% | 2.06% | 1.42% | 2.91% | 2.29% | 2.21% | 1.76% | 2.31% | 1.22% | 1.93% |
Drawdowns
MEXX vs. EWW - Drawdown Comparison
The maximum MEXX drawdown since its inception was -95.58%, which is greater than EWW's maximum drawdown of -64.95%. Use the drawdown chart below to compare losses from any high point for MEXX and EWW. For additional features, visit the drawdowns tool.
Volatility
MEXX vs. EWW - Volatility Comparison
Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a higher volatility of 12.15% compared to iShares MSCI Mexico ETF (EWW) at 4.17%. This indicates that MEXX's price experiences larger fluctuations and is considered to be riskier than EWW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.