MEXX vs. MUU

Last updated Jun 25, 2026

MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) and MUU (Direxion Daily MU Bull 2X Shares) are both Leveraged Equities funds from Direxion - MEXX tracks the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%) while MUU tracks the Micron Technology, Inc. (200% Daily). Both are passively managed. At a 0.26 correlation, their price movements are largely independent. MEXX charges 1.21%/yr vs 1.01%/yr for MUU.

Performance

MEXX vs. MUU - 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 MU Bull 2X Shares (MUU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MEXX

• 1D: -3.64%
• 1M: -12.34%
• YTD: 9.13%
• 6M: 1.88%
• 1Y: 68.55%
• 3Y*: 0.16%
• 5Y*: 11.77%
• 10Y*: —

MUU

• 1D: -0.64%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MEXX vs. MUU - Yearly Performance Comparison

	2026 (YTD)
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	-14.31%
MUU Direxion Daily MU Bull 2X Shares	-12.53%

Correlation

The correlation between MEXX and MUU is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 16, 2026	0.26

Return for Risk

MEXX vs. MUU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MEXX

MEXX Risk / Return Rank: 35
MEXX Sharpe Ratio Rank: 33
MEXX Sortino Ratio Rank: 35
MEXX Omega Ratio Rank: 34
MEXX Calmar Ratio Rank: 39
MEXX Martin Ratio Rank: 36

MUU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MEXX vs. MUU - 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 MU Bull 2X Shares (MUU). 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.

	MEXX	MUU	Difference
Sharpe ratio: Return per unit of total volatility	1.07	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.78	—	—
Martin ratio: Return relative to average drawdown	5.02	—	—

Drawdowns

MEXX vs. MUU - Drawdown Comparison

The maximum MEXX drawdown since its inception was -95.58%, which is greater than MUU's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for MEXX and MUU.

Drawdown Indicators

	MEXX	MUU	Difference
Max Drawdown Largest peak-to-trough decline	-95.58%	-26.63%	-68.95%
Max Drawdown (1Y) Largest decline over 1 year	-38.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-74.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.92%	—	—
Current Drawdown Current decline from peak	-60.30%	-26.63%	-33.67%
Average Drawdown Average peak-to-trough decline	-65.46%	-12.91%	-52.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.71%	—	—

Volatility

Volatility by Period

	MEXX	MUU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.46%	—	—
Volatility (6M) Calculated over the trailing 6-month period	54.25%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	64.68%	263.57%	-198.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.07%	263.57%	-196.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.42%	263.57%	-189.15%

MEXX vs. MUU - Expense Ratio Comparison

MEXX has a 1.21% expense ratio, which is higher than MUU's 1.01% expense ratio.

Dividends

MEXX vs. MUU - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 1.54%, more than MUU's 0.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	1.54%	1.60%	5.81%	1.66%	1.33%	0.63%	0.12%	1.60%	5.61%	0.27%
MUU Direxion Daily MU Bull 2X Shares	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MEXX and MUU in my portfolio?

MEXX and MUU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MEXX or MUU?

On fees, MUU is cheaper at 1.01% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MEXX or MUU?

MUU is cheaper with a 1.01% expense ratio, compared with 1.21% for MEXX.

Which ETF pays a higher dividend yield, MEXX or MUU?

MEXX has the higher dividend yield at 1.54%, compared with 0.23% for MUU.

What is the main difference between MEXX and MUU?

MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%), while MUU tracks Micron Technology, Inc. (200% Daily). Their fees differ too: 1.21% for MEXX and 1.01% for MUU.