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

Performance

MEXX vs. TQQQ - Performance Comparison

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

-60.00%-40.00%-20.00%0.00%20.00%40.00%JuneJulyAugustSeptemberOctoberNovember
-65.41%
16.43%
MEXX
TQQQ

Returns By Period

In the year-to-date period, MEXX achieves a -67.13% return, which is significantly lower than TQQQ's 48.06% return.


MEXX

YTD

-67.13%

1M

-16.64%

6M

-65.79%

1Y

-56.20%

5Y (annualized)

-14.28%

10Y (annualized)

N/A

TQQQ

YTD

48.06%

1M

1.57%

6M

18.83%

1Y

74.81%

5Y (annualized)

32.55%

10Y (annualized)

34.14%

Key characteristics


MEXXTQQQ
Sharpe Ratio-0.771.45
Sortino Ratio-0.941.92
Omega Ratio0.881.26
Calmar Ratio-0.651.47
Martin Ratio-1.346.04
Ulcer Index41.29%12.43%
Daily Std Dev71.98%51.88%
Max Drawdown-95.58%-81.66%
Current Drawdown-84.19%-13.36%

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MEXX vs. TQQQ - Expense Ratio Comparison

MEXX has a 1.21% expense ratio, which is higher than TQQQ's 0.95% 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 TQQQ: current value at 0.95% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.95%

Correlation

-0.50.00.51.00.4

The correlation between MEXX and TQQQ is 0.44, 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.

Risk-Adjusted Performance

MEXX vs. TQQQ - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and ProShares UltraPro QQQ (TQQQ). 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 -0.77, compared to the broader market0.002.004.006.00-0.771.44
The chart of Sortino ratio for MEXX, currently valued at -0.94, compared to the broader market-2.000.002.004.006.008.0010.00-0.941.92
The chart of Omega ratio for MEXX, currently valued at 0.88, compared to the broader market0.501.001.502.002.503.000.881.26
The chart of Calmar ratio for MEXX, currently valued at -0.65, compared to the broader market0.005.0010.0015.00-0.651.46
The chart of Martin ratio for MEXX, currently valued at -1.34, compared to the broader market0.0020.0040.0060.0080.00100.00-1.346.01
MEXX
TQQQ

The current MEXX Sharpe Ratio is -0.77, which is lower than the TQQQ Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of MEXX and TQQQ, 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-1.000.001.002.003.00JuneJulyAugustSeptemberOctoberNovember
-0.77
1.44
MEXX
TQQQ

Dividends

MEXX vs. TQQQ - Dividend Comparison

MEXX's dividend yield for the trailing twelve months is around 5.07%, more than TQQQ's 1.28% yield.


TTM2023202220212020201920182017201620152014
MEXX
Direxion Daily MSCI Mexico Bull 3X Shares
5.07%1.66%1.33%0.63%0.12%1.60%5.61%0.27%0.00%0.00%0.00%
TQQQ
ProShares UltraPro QQQ
1.28%1.26%0.57%0.00%0.00%0.06%0.11%0.00%0.00%0.01%0.03%

Drawdowns

MEXX vs. TQQQ - Drawdown Comparison

The maximum MEXX drawdown since its inception was -95.58%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for MEXX and TQQQ. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-84.19%
-13.36%
MEXX
TQQQ

Volatility

MEXX vs. TQQQ - Volatility Comparison

Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and ProShares UltraPro QQQ (TQQQ) have volatilities of 17.19% and 16.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


10.00%20.00%30.00%40.00%50.00%JuneJulyAugustSeptemberOctoberNovember
17.19%
16.80%
MEXX
TQQQ