MEXX vs. TERG

Last updated Apr 1, 2026

Compare and contrast key facts about Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Leverage Shares 2X Long TER Daily ETF (TERG).

MEXX and TERG 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. TERG is an actively managed fund by Leverage Shares. It was launched on Nov 17, 2025.

Performance

MEXX vs. TERG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Leverage Shares 2X Long TER Daily ETF (TERG). The values are adjusted to include any dividend payments, if applicable.

MEXX vs. TERG - Yearly Performance Comparison

	2026 (YTD)	2025
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	16.23%	21.35%
TERG Leverage Shares 2X Long TER Daily ETF	102.79%	28.17%

Returns By Period

In the year-to-date period, MEXX achieves a 16.23% return, which is significantly lower than TERG's 102.79% return.

MEXX

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

TERG

• 1D: 14.40%
• 1M: -19.76%
• YTD: 102.79%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MEXX vs. TERG - Expense Ratio Comparison

MEXX has a 1.21% expense ratio, which is higher than TERG's 0.75% expense ratio.

MEXX

Direxion Daily MSCI Mexico Bull 3X Shares

TERG

Leverage Shares 2X Long TER Daily ETF

Return for Risk

MEXX vs. TERG — 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

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. TERG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Leverage Shares 2X Long TER Daily ETF (TERG). 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	TERG	Difference
Sharpe ratio Return per unit of total volatility	2.33	—	—
Sortino ratio Return per unit of downside risk	2.59	—	—
Omega ratio Gain probability vs. loss probability	1.36	—	—
Calmar ratio Return relative to maximum drawdown	4.09	—	—
Martin ratio Return relative to average drawdown	14.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MEXX	TERG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.08	10.56	-10.64

Correlation

The correlation between MEXX and TERG is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MEXX vs. TERG - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 1.36%, while TERG has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TERG Leverage Shares 2X Long TER Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

MEXX vs. TERG - Drawdown Comparison

The maximum MEXX drawdown since its inception was -95.58%, which is greater than TERG's maximum drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for MEXX and TERG.

Drawdown Indicators

	MEXX	TERG	Difference
Max Drawdown Largest peak-to-trough decline	-95.58%	-39.32%	-56.26%
Max Drawdown (1Y) Largest decline over 1 year	-38.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-74.92%	—	—
Current Drawdown Current decline from peak	-57.72%	-30.58%	-27.14%
Average Drawdown Average peak-to-trough decline	-65.77%	-9.77%	-56.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.07%	—	—

Volatility

Volatility by Period

	MEXX	TERG	Difference
Volatility (1M) Calculated over the trailing 1-month period	34.48%	—	—
Volatility (6M) Calculated over the trailing 6-month period	52.23%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	73.55%	124.59%	-51.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.72%	124.59%	-57.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	74.71%	124.59%	-49.88%