TCHI vs. MEXX

Last updated Jun 4, 2026

TCHI (iShares MSCI China Multisector Tech ETF) and MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) are both exchange-traded funds - TCHI is a Technology Equities fund tracking the MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while MEXX is a Leveraged Equities fund tracking the MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). Both are passively managed. Over the past 3 years, TCHI returned 17.38%/yr vs 7.01%/yr for MEXX. At a 0.40 correlation, their price movements are largely independent. TCHI charges 0.59%/yr vs 1.21%/yr for MEXX.

Performance

TCHI vs. MEXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI China Multisector Tech ETF (TCHI) and Direxion Daily MSCI Mexico Bull 3X Shares (MEXX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TCHI achieves a 11.01% return, which is significantly lower than MEXX's 25.36% return.

TCHI

• 1D: -0.54%
• 1M: 9.28%
• YTD: 11.01%
• 6M: 11.70%
• 1Y: 44.38%
• 3Y*: 17.38%
• 5Y*: —
• 10Y*: —

MEXX

• 1D: -3.80%
• 1M: 7.60%
• YTD: 25.36%
• 6M: 36.34%
• 1Y: 90.76%
• 3Y*: 7.01%
• 5Y*: 15.32%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TCHI vs. MEXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TCHI iShares MSCI China Multisector Tech ETF	11.01%	33.13%	9.09%	-5.61%	-24.32%
MEXX Direxion Daily MSCI Mexico Bull 3X Shares	25.36%	181.49%	-73.13%	115.60%	-5.12%

Correlation

The correlation between TCHI and MEXX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022	0.40

TCHI vs. MEXX - Sectors Allocation Comparison

Sectors	TCHI	MEXX
Technology	56.0%	-
Consumer Cyclical	15.8%	1.4%
Industrials	13.5%	13.2%
Communication Services	10.0%	10.4%
Consumer Defensive	2.5%	24.6%
Energy	1.0%	-
Financial Services	0.6%	18.2%
Basic Materials	0.3%	23.8%
Healthcare	-	0.5%
Real Estate	-	7.8%
Utilities	-	-

Return for Risk

TCHI vs. MEXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCHI

TCHI Risk / Return Rank: 44
TCHI Sharpe Ratio Rank: 50
TCHI Sortino Ratio Rank: 48
TCHI Omega Ratio Rank: 47
TCHI Calmar Ratio Rank: 43
TCHI Martin Ratio Rank: 31

MEXX

MEXX Risk / Return Rank: 42
MEXX Sharpe Ratio Rank: 41
MEXX Sortino Ratio Rank: 39
MEXX Omega Ratio Rank: 39
MEXX Calmar Ratio Rank: 47
MEXX Martin Ratio Rank: 44

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCHI vs. MEXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI China Multisector Tech ETF (TCHI) 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.

	TCHI	MEXX	Difference
Sharpe ratio: Return per unit of total volatility	1.74	1.45	+0.29
Sortino ratio: Return per unit of downside risk	2.39	2.02	+0.37
Omega ratio: Gain probability vs. loss probability	1.30	1.26	+0.05
Calmar ratio: Return relative to maximum drawdown	2.15	2.35	-0.20
Martin ratio: Return relative to average drawdown	4.74	7.26	-2.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCHI vs. MEXX - Sharpe Ratio Comparison

The current TCHI Sharpe Ratio is 1.74, which is comparable to the MEXX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of TCHI and MEXX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TCHI	MEXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	1.45	+0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.23	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.10	-0.07	+0.16

Drawdowns

TCHI vs. MEXX - Drawdown Comparison

The maximum TCHI drawdown since its inception was -43.96%, smaller than the maximum MEXX drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for TCHI and MEXX.

Drawdown Indicators

	TCHI	MEXX	Difference
Max Drawdown Largest peak-to-trough decline	-43.96%	-95.58%	+51.62%
Max Drawdown (1Y) Largest decline over 1 year	-20.73%	-38.77%	+18.04%
Max Drawdown (3Y) Largest decline over 3 years	-27.78%	-74.92%	+47.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-74.92%	—
Current Drawdown Current decline from peak	-2.88%	-54.40%	+51.52%
Average Drawdown Average peak-to-trough decline	-21.49%	-65.53%	+44.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.39%	12.55%	-3.16%

Volatility

TCHI vs. MEXX - Volatility Comparison

The current volatility for iShares MSCI China Multisector Tech ETF (TCHI) is 9.03%, while Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a volatility of 16.78%. This indicates that TCHI experiences smaller price fluctuations and is considered to be less risky than MEXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCHI	MEXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.03%	16.78%	-7.75%
Volatility (6M) Calculated over the trailing 6-month period	17.79%	52.51%	-34.72%
Volatility (1Y) Calculated over the trailing 1-year period	25.64%	62.78%	-37.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.88%	66.88%	-32.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.88%	74.43%	-39.55%

TCHI vs. MEXX - Expense Ratio Comparison

TCHI has a 0.59% expense ratio, which is lower than MEXX's 1.21% expense ratio.

Dividends

TCHI vs. MEXX - Dividend Comparison

TCHI's dividend yield for the trailing twelve months is around 2.19%, more than MEXX's 1.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
TCHI iShares MSCI China Multisector Tech ETF	2.19%	2.44%	2.49%	4.28%	1.07%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TCHI and MEXX in my portfolio?

TCHI and MEXX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TCHI or MEXX?

MEXX has higher volatility (16.78%) compared to TCHI (9.03%). In terms of maximum drawdown, TCHI dropped -43.96% vs MEXX's -95.58%.

Which ETF is better, TCHI or MEXX?

On 3-year performance, TCHI leads with 17.38% vs 7.01% for MEXX. On fees, TCHI is cheaper at 0.59% per year. On volatility, TCHI has been the lower-risk option at 9.03%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TCHI or MEXX?

Over the 3-year period, TCHI has performed better with a 17.38% return vs 7.01%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TCHI or MEXX?

TCHI is cheaper with a 0.59% expense ratio, compared with 1.21% for MEXX.

Which ETF pays a higher dividend yield, TCHI or MEXX?

TCHI has the higher dividend yield at 2.19%, compared with 1.27% for MEXX.

What is the main difference between TCHI and MEXX?

TCHI is categorized as Technology Equities, while MEXX is Leveraged Equities. TCHI tracks MSCI China Technology Sub-Industries Select Capped Index - Benchmark TR Net, while MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). They also come from different issuers: iShares and Direxion. Their fees differ too: 0.59% for TCHI and 1.21% for MEXX.

Which has better risk-adjusted returns?

TCHI currently has the higher Sharpe Ratio (1.74 vs 1.45), 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.