PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
MEXX vs. EWW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

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.


-0.50.00.51.01.0

Performance

MEXX vs. EWW - Performance Comparison

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

-40.00%-20.00%0.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
-41.67%
-12.47%
MEXX
EWW

Key characteristics

Sharpe Ratio

MEXX:

-0.93

EWW:

-0.97

Sortino Ratio

MEXX:

-1.47

EWW:

-1.24

Omega Ratio

MEXX:

0.81

EWW:

0.84

Calmar Ratio

MEXX:

-0.78

EWW:

-0.79

Martin Ratio

MEXX:

-1.45

EWW:

-1.37

Ulcer Index

MEXX:

46.38%

EWW:

17.24%

Daily Std Dev

MEXX:

72.20%

EWW:

24.41%

Max Drawdown

MEXX:

-95.58%

EWW:

-64.94%

Current Drawdown

MEXX:

-85.21%

EWW:

-27.96%

Returns By Period

In the year-to-date period, MEXX achieves a -69.24% return, which is significantly lower than EWW's -25.07% return.


MEXX

YTD

-69.24%

1M

-1.48%

6M

-40.71%

1Y

-69.33%

5Y*

-17.46%

10Y*

N/A

EWW

YTD

-25.07%

1M

0.26%

6M

-11.96%

1Y

-25.07%

5Y*

4.05%

10Y*

0.55%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MEXX vs. EWW - Expense Ratio Comparison

MEXX has a 1.21% expense ratio, which is higher than EWW's 0.49% 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 EWW: current value at 0.49% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.49%

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.


Sharpe ratio
The chart of Sharpe ratio for MEXX, currently valued at -0.93, compared to the broader market0.002.004.00-0.93-0.97
The chart of Sortino ratio for MEXX, currently valued at -1.47, compared to the broader market-2.000.002.004.006.008.0010.00-1.47-1.24
The chart of Omega ratio for MEXX, currently valued at 0.81, compared to the broader market0.501.001.502.002.503.000.810.84
The chart of Calmar ratio for MEXX, currently valued at -0.78, compared to the broader market0.005.0010.0015.00-0.78-0.79
The chart of Martin ratio for MEXX, currently valued at -1.45, compared to the broader market0.0020.0040.0060.0080.00100.00-1.45-1.37
MEXX
EWW

The current MEXX Sharpe Ratio is -0.93, which is comparable to the EWW Sharpe Ratio of -0.97. The chart below compares the historical Sharpe Ratios of MEXX and EWW, 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-1.00-0.80-0.60-0.40-0.200.000.20JulyAugustSeptemberOctoberNovemberDecember
-0.93
-0.97
MEXX
EWW

Dividends

MEXX vs. EWW - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 2.62%, less than EWW's 4.21% yield.


TTM20232022202120202019201820172016201520142013
MEXX
Direxion Daily MSCI Mexico Bull 3X Shares
2.62%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
4.21%2.19%3.64%2.06%1.43%2.92%2.30%2.22%1.77%2.34%1.23%1.96%

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 -64.94%. Use the drawdown chart below to compare losses from any high point for MEXX and EWW. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%JulyAugustSeptemberOctoberNovemberDecember
-85.21%
-27.96%
MEXX
EWW

Volatility

MEXX vs. EWW - Volatility Comparison

Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a higher volatility of 19.37% compared to iShares MSCI Mexico ETF (EWW) at 6.45%. 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.


0.00%10.00%20.00%30.00%40.00%50.00%JulyAugustSeptemberOctoberNovemberDecember
19.37%
6.45%
MEXX
EWW
PortfoliosLab logo
Performance Analysis
Portfolio AnalysisPortfolio PerformanceStock ComparisonSharpe RatioMartin RatioTreynor RatioSortino RatioOmega RatioCalmar RatioSummers Ratio
Community
Discussions


Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

Copyright © 2024 PortfoliosLab