MEXX vs. SILJ

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and ETFMG Prime Junior Silver Miners ETF (SILJ).

MEXX and SILJ 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. SILJ is a passively managed fund by ETFMG that tracks the performance of the Prime Junior Silver Miners & Explorers Index. It was launched on Nov 28, 2012. Both MEXX and SILJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

MEXX vs. SILJ - Performance Comparison

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

MEXX vs. SILJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	16.23%	181.49%	-73.13%	115.60%	-12.96%	52.75%	-53.63%	21.41%	-51.95%	-13.81%
SILJ ETFMG Prime Junior Silver Miners ETF	7.41%	183.89%	6.39%	-5.21%	-15.42%	-23.21%	33.00%	57.06%	-27.95%	-4.62%

Returns By Period

In the year-to-date period, MEXX achieves a 16.23% return, which is significantly higher than SILJ's 7.41% return.

MEXX

• 1D: 9.76%
• 1M: -23.67%
• YTD: 16.23%
• 6M: 23.78%
• 1Y: 169.80%
• 3Y*: 5.04%
• 5Y*: 19.01%
• 10Y*: —

SILJ

• 1D: 8.82%
• 1M: -26.25%
• YTD: 7.41%
• 6M: 31.14%
• 1Y: 149.83%
• 3Y*: 42.89%
• 5Y*: 16.70%
• 10Y*: 14.73%

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

MEXX vs. SILJ - Expense Ratio Comparison

MEXX has a 1.21% expense ratio, which is higher than SILJ's 0.69% expense ratio.

MEXX

Direxion Daily MSCI Mexico Bull 3X Shares

SILJ

ETFMG Prime Junior Silver Miners ETF

Return for Risk

MEXX vs. SILJ — Risk / Return Rank

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

MEXX

MEXX Risk / Return Rank: 93
MEXX Sharpe Ratio Rank: 95
MEXX Sortino Ratio Rank: 91
MEXX Omega Ratio Rank: 89
MEXX Calmar Ratio Rank: 95
MEXX Martin Ratio Rank: 94

SILJ

SILJ Risk / Return Rank: 95
SILJ Sharpe Ratio Rank: 97
SILJ Sortino Ratio Rank: 94
SILJ Omega Ratio Rank: 92
SILJ Calmar Ratio Rank: 96
SILJ Martin Ratio Rank: 95

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. SILJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and ETFMG Prime Junior Silver Miners ETF (SILJ). 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.

	MEXX	SILJ	Difference
Sharpe ratio Return per unit of total volatility	2.33	2.74	-0.42
Sortino ratio Return per unit of downside risk	2.59	2.83	-0.23
Omega ratio Gain probability vs. loss probability	1.36	1.40	-0.03
Calmar ratio Return relative to maximum drawdown	4.09	4.26	-0.17
Martin ratio Return relative to average drawdown	14.31	14.55	-0.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MEXX vs. SILJ - Sharpe Ratio Comparison

The current MEXX Sharpe Ratio is 2.33, which is comparable to the SILJ Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of MEXX and SILJ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MEXX	SILJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	2.74	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.38	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.32	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	0.09	-0.17

Correlation

The correlation between MEXX and SILJ is 0.33, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MEXX vs. SILJ - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 1.36%, less than SILJ's 1.86% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	1.36%	1.60%	5.81%	1.66%	1.33%	0.63%	0.12%	1.60%	5.61%	0.27%	0.00%	0.00%
SILJ ETFMG Prime Junior Silver Miners ETF	1.86%	2.00%	7.26%	0.01%	0.05%	0.36%	1.23%	1.45%	1.66%	0.00%	0.52%	2.46%

Drawdowns

MEXX vs. SILJ - Drawdown Comparison

The maximum MEXX drawdown since its inception was -95.58%, which is greater than SILJ's maximum drawdown of -79.04%. Use the drawdown chart below to compare losses from any high point for MEXX and SILJ.

Drawdown Indicators

	MEXX	SILJ	Difference
Max Drawdown Largest peak-to-trough decline	-95.58%	-79.04%	-16.54%
Max Drawdown (1Y) Largest decline over 1 year	-38.77%	-34.71%	-4.06%
Max Drawdown (5Y) Largest decline over 5 years	-74.92%	-56.09%	-18.83%
Max Drawdown (10Y) Largest decline over 10 years	—	-70.06%	—
Current Drawdown Current decline from peak	-57.72%	-26.25%	-31.47%
Average Drawdown Average peak-to-trough decline	-65.77%	-41.67%	-24.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.07%	10.16%	+0.91%

Volatility

MEXX vs. SILJ - Volatility Comparison

Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a higher volatility of 34.48% compared to ETFMG Prime Junior Silver Miners ETF (SILJ) at 21.63%. This indicates that MEXX's price experiences larger fluctuations and is considered to be riskier than SILJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MEXX	SILJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.48%	21.63%	+12.85%
Volatility (6M) Calculated over the trailing 6-month period	52.23%	46.79%	+5.44%
Volatility (1Y) Calculated over the trailing 1-year period	73.55%	54.97%	+18.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.72%	44.07%	+22.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.71%	46.61%	+28.10%