MEXX vs. TQQQ
Compare and contrast key facts about Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and ProShares UltraPro QQQ (TQQQ).
MEXX and TQQQ 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. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010. Both MEXX and TQQQ 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 TQQQ.
Key characteristics
| MEXX | TQQQ | |
|---|---|---|
| YTD Return | -65.66% | 40.08% |
| 1Y Return | -48.38% | 89.82% |
| 3Y Return (Ann) | -11.47% | -5.25% |
| 5Y Return (Ann) | -14.39% | 32.27% |
| Sharpe Ratio | -0.66 | 1.88 |
| Sortino Ratio | -0.67 | 2.28 |
| Omega Ratio | 0.91 | 1.31 |
| Calmar Ratio | -0.57 | 1.70 |
| Martin Ratio | -1.22 | 7.81 |
| Ulcer Index | 38.99% | 12.36% |
| Daily Std Dev | 72.20% | 51.35% |
| Max Drawdown | -95.58% | -81.66% |
| Current Drawdown | -83.49% | -18.03% |
Correlation
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.
Performance
MEXX vs. TQQQ - Performance Comparison
In the year-to-date period, MEXX achieves a -65.66% return, which is significantly lower than TQQQ's 40.08% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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.
Dividends
MEXX vs. TQQQ - Dividend Comparison
MEXX's dividend yield for the trailing twelve months is around 4.86%, more than TQQQ's 1.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 4.86% | 1.66% | 1.33% | 0.63% | 0.12% | 1.60% | 5.61% | 0.27% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.35% | 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.
Volatility
MEXX vs. TQQQ - Volatility Comparison
The current volatility for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is 12.15%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 13.46%. This indicates that MEXX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.