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.
Performance
MEXX vs. TQQQ - Performance Comparison
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MEXX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 21.48% | 181.49% | -73.13% | 115.60% | -12.96% | 52.75% | -53.63% | 21.41% | -51.95% | -13.81% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 42.51% |
Returns By Period
In the year-to-date period, MEXX achieves a 21.48% return, which is significantly higher than TQQQ's -17.87% return.
MEXX
- 1D
- 4.52%
- 1M
- -15.82%
- YTD
- 21.48%
- 6M
- 37.58%
- 1Y
- 165.08%
- 3Y*
- 6.59%
- 5Y*
- 20.07%
- 10Y*
- —
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
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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.
Return for Risk
MEXX vs. TQQQ — Risk / Return Rank
MEXX
TQQQ
MEXX vs. TQQQ - Risk-Adjusted Trends 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.
| MEXX | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 0.72 | +1.54 |
Sortino ratioReturn per unit of downside risk | 2.56 | 1.41 | +1.15 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.20 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 4.69 | 1.41 | +3.29 |
Martin ratioReturn relative to average drawdown | 16.31 | 4.28 | +12.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MEXX | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 0.72 | +1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.20 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.07 | 0.65 | -0.72 |
Correlation
The correlation between MEXX and TQQQ is 0.43, 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. TQQQ - Dividend Comparison
MEXX's dividend yield for the trailing twelve months is around 1.31%, more than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 1.31% | 1.60% | 5.81% | 1.66% | 1.33% | 0.63% | 0.12% | 1.60% | 5.61% | 0.27% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
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.
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Drawdown Indicators
| MEXX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.58% | -81.66% | -13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -36.97% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -74.92% | -81.66% | +6.74% |
Max Drawdown (10Y)Largest decline over 10 years | — | -81.66% | — |
Current DrawdownCurrent decline from peak | -55.81% | -28.08% | -27.73% |
Average DrawdownAverage peak-to-trough decline | -65.77% | -18.66% | -47.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.16% | 12.13% | -0.97% |
Volatility
MEXX vs. TQQQ - Volatility Comparison
Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a higher volatility of 30.56% compared to ProShares UltraPro QQQ (TQQQ) at 19.74%. This indicates that MEXX's price experiences larger fluctuations and is considered to be riskier than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEXX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.56% | 19.74% | +10.82% |
Volatility (6M)Calculated over the trailing 6-month period | 52.34% | 38.50% | +13.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.51% | 67.35% | +6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.72% | 66.53% | +0.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.70% | 65.83% | +8.87% |