MEXX vs. TYD
MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) and TYD (Direxion Daily 7-10 Year Treasury Bull 3X) are both exchange-traded funds - MEXX is a Leveraged Equities fund tracking the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%), while TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index. Both are passively managed. Over the past 5 years, MEXX returned 13.61%/yr vs -13.19%/yr for TYD. At a 0.01 correlation, their price movements are largely independent. MEXX charges 1.21%/yr vs 1.09%/yr for TYD.
Performance
MEXX vs. TYD - Performance Comparison
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Returns By Period
In the year-to-date period, MEXX achieves a 25.40% return, which is significantly higher than TYD's -5.80% return.
MEXX
- 1D
- 4.13%
- 1M
- 2.32%
- YTD
- 25.40%
- 6M
- 24.32%
- 1Y
- 85.39%
- 3Y*
- 2.29%
- 5Y*
- 13.61%
- 10Y*
- —
TYD
- 1D
- -0.33%
- 1M
- 2.41%
- YTD
- -5.80%
- 6M
- -5.59%
- 1Y
- 0.17%
- 3Y*
- -3.95%
- 5Y*
- -13.19%
- 10Y*
- -5.12%
MEXX vs. TYD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 25.40% | 181.49% | -73.13% | 115.60% | -12.96% | 52.75% | -53.63% | 21.41% | -51.95% | -15.26% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -5.80% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 0.03% |
Correlation
The correlation between MEXX and TYD is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.01 |
The correlation between MEXX and TYD shifts across timeframes, from 0.01 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MEXX vs. TYD — Risk / Return Rank
MEXX
TYD
MEXX vs. TYD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) and Direxion Daily 7-10 Year Treasury Bull 3X (TYD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MEXX | TYD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.33 | ||
| Sortino ratioReturn per unit of downside risk | +1.87 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.00 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | -0.08 | +2.17 |
| Martin ratioReturn relative to average drawdown | 6.10 | -0.20 | +6.31 |
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Drawdowns
MEXX vs. TYD - Drawdown Comparison
The maximum MEXX drawdown since its inception was -95.58%, which is greater than TYD's maximum drawdown of -64.28%. Use the drawdown chart below to compare losses from any high point for MEXX and TYD.
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Drawdown Indicators
| MEXX | TYD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.58% | -64.28% | -31.30% |
Max Drawdown (1Y)Largest decline over 1 year | -38.77% | -13.54% | -25.23% |
Max Drawdown (3Y)Largest decline over 3 years | -74.92% | -24.62% | -50.30% |
Max Drawdown (5Y)Largest decline over 5 years | -74.92% | -59.84% | -15.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.28% | — |
Current DrawdownCurrent decline from peak | -54.38% | -59.06% | +4.68% |
Average DrawdownAverage peak-to-trough decline | -65.49% | -22.00% | -43.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.27% | 5.30% | +7.97% |
Volatility
MEXX vs. TYD - Volatility Comparison
Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a higher volatility of 20.29% compared to Direxion Daily 7-10 Year Treasury Bull 3X (TYD) at 4.49%. This indicates that MEXX's price experiences larger fluctuations and is considered to be riskier than TYD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MEXX | TYD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.29% | 4.49% | +15.80% |
Volatility (6M)Calculated over the trailing 6-month period | 54.58% | 9.76% | +44.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 64.50% | 13.86% | +50.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.05% | 22.97% | +44.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 74.48% | 20.36% | +54.12% |
MEXX vs. TYD - Expense Ratio Comparison
MEXX has a 1.21% expense ratio, which is higher than TYD's 1.09% expense ratio.
Dividends
MEXX vs. TYD - Dividend Comparison
MEXX's dividend yield for the trailing twelve months is around 1.27%, less than TYD's 3.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 1.27% | 1.60% | 5.81% | 1.66% | 1.33% | 0.63% | 0.12% | 1.60% | 5.61% | 0.27% | 0.00% | 0.00% |
TYD Direxion Daily 7-10 Year Treasury Bull 3X | 3.22% | 2.97% | 3.10% | 2.71% | 0.55% | 0.00% | 9.80% | 0.92% | 1.10% | 0.01% | 6.84% | 1.65% |
Frequently Asked Questions
MEXX and TYD have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEXX has higher volatility (20.29%) compared to TYD (4.49%). In terms of maximum drawdown, MEXX dropped -95.58% vs TYD's -64.28%.
On 5-year performance, MEXX leads with 13.61% vs -13.19% for TYD. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 4.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MEXX has performed better with a 13.61% return vs -13.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TYD is cheaper with a 1.09% expense ratio, compared with 1.21% for MEXX.
TYD has the higher dividend yield at 3.22%, compared with 1.27% for MEXX.
MEXX is categorized as Leveraged Equities, while TYD is Leveraged Bonds. MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%), while TYD tracks NYSE 7-10 Year Treasury Bond Index. Their fees differ too: 1.21% for MEXX and 1.09% for TYD.
MEXX currently has the higher Sharpe Ratio (1.25 vs -0.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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