PBRG vs. MEXX
PBRG (Leverage Shares 2X Long PBR Daily ETF) and MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) are both Leveraged Equities funds - PBRG tracks the Petroleo Brasileiro S.A. (PBR) while MEXX tracks the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). Both are passively managed. Their -0.03 correlation means they have often moved in opposite directions in the past. PBRG charges 0.75%/yr vs 1.21%/yr for MEXX.
Performance
PBRG vs. MEXX - Performance Comparison
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Returns By Period
In the year-to-date period, PBRG achieves a 144.07% return, which is significantly higher than MEXX's 19.63% return.
PBRG
- 1D
- 3.30%
- 1M
- 42.65%
- 6M
- 48.66%
- YTD
- 144.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
MEXX
- 1D
- -1.23%
- 1M
- 3.31%
- 6M
- -4.09%
- YTD
- 19.63%
- 1Y
- 84.42%
- 3Y*
- 0.66%
- 5Y*
- 13.30%
- 10Y*
- —
- ALL TIME*
- -5.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $336.70K | $348.59K | $587.57K | |
| $71.67K | $77.04K | $106.52K |
PBRG vs. MEXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PBRG Leverage Shares 2X Long PBR Daily ETF | 144.07% | 6.30% |
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 19.63% | 7.59% |
Correlation
The correlation between PBRG and MEXX is -0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 18, 2025 | -0.03 |
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Return for Risk
PBRG vs. MEXX — Risk / Return Rank
PBRG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MEXX
PBRG vs. MEXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long PBR Daily ETF (PBRG) and Direxion Daily MSCI Mexico Bull 3X Shares (MEXX). 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.
| PBRG | MEXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.23 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.06 | — |
| Martin ratioReturn relative to average drawdown | — | 5.05 | — |
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Drawdowns
PBRG vs. MEXX - Drawdown Comparison
The maximum PBRG drawdown since its inception was -47.87%, smaller than the maximum MEXX drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for PBRG and MEXX.
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Drawdown Indicators
| PBRG | MEXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.87% | -95.58% | +47.71% |
Max Drawdown (1Y)Largest decline over 1 year | — | -38.77% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -74.92% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -74.92% | — |
Current DrawdownCurrent decline from peak | -24.44% | -56.48% | +32.04% |
Average DrawdownAverage peak-to-trough decline | -14.08% | -65.37% | +51.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 15.77% | — |
Volatility
PBRG vs. MEXX - Volatility Comparison
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Volatility by Period
| PBRG | MEXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 15.19% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 54.81% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 68.66% | 65.04% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.66% | 67.05% | +1.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.66% | 74.20% | -5.54% |
PBRG vs. MEXX - Expense Ratio Comparison
PBRG has a 0.75% expense ratio, which is lower than MEXX's 1.21% expense ratio.
Dividends
PBRG vs. MEXX - Dividend Comparison
PBRG has not paid dividends to shareholders, while MEXX's dividend yield for the trailing twelve months is around 1.41%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 1.41% | 1.60% | 5.81% | 1.66% | 1.33% | 0.63% | 0.12% | 1.60% | 5.61% | 0.27% |
PBRG Leverage Shares 2X Long PBR Daily ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PBRG and MEXX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PBRG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PBRG is cheaper with a 0.75% expense ratio, compared with 1.21% for MEXX.
MEXX has the higher dividend yield at 1.41%, compared with 0.00% for PBRG.
PBRG tracks Petroleo Brasileiro S.A. (PBR), while MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for PBRG and 1.21% for MEXX.
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