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MEXX vs. EWW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

MEXX vs. EWW

Last updated May 12, 2025

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.

Correlation

The correlation between MEXX and EWW is -0.80. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

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.

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Key characteristics

Daily Std Dev

MEXX:

94.45%

EWW:

31.26%

Max Drawdown

MEXX:

-5.16%

EWW:

-1.66%

Current Drawdown

MEXX:

-5.09%

EWW:

-1.64%

Returns By Period

MEXX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

EWW

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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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.

MEXX
Direxion Daily MSCI Mexico Bull 3X Shares
EWW
iShares MSCI Mexico ETF

Risk-Adjusted Performance

MEXX vs. EWW — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
MEXX
The Risk-Adjusted Performance Rank of MEXX is 55
Overall Rank
The Sharpe Ratio Rank of MEXX is 33
Sharpe Ratio Rank
The Sortino Ratio Rank of MEXX is 66
Sortino Ratio Rank
The Omega Ratio Rank of MEXX is 66
Omega Ratio Rank
The Calmar Ratio Rank of MEXX is 11
Calmar Ratio Rank
The Martin Ratio Rank of MEXX is 77
Martin Ratio Rank
EWW
The Risk-Adjusted Performance Rank of EWW is 88
Overall Rank
The Sharpe Ratio Rank of EWW is 66
Sharpe Ratio Rank
The Sortino Ratio Rank of EWW is 99
Sortino Ratio Rank
The Omega Ratio Rank of EWW is 99
Omega Ratio Rank
The Calmar Ratio Rank of EWW is 66
Calmar Ratio Rank
The Martin Ratio Rank of EWW is 1212
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.

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Dividends

MEXX vs. EWW - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 3.02%, less than EWW's 3.54% yield.

TTM20242023202220212020201920182017201620152014
MEXX
Direxion Daily MSCI Mexico Bull 3X Shares		3.02%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EWW
iShares MSCI Mexico ETF		3.54%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

MEXX vs. EWW - Drawdown Comparison

The maximum MEXX drawdown since its inception was -5.16%, which is greater than EWW's maximum drawdown of -1.66%. Use the drawdown chart below to compare losses from any high point for MEXX and EWW. For additional features, visit the drawdowns tool.

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Volatility

MEXX vs. EWW - Volatility Comparison

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