TYD vs. MEXX
TYD (Direxion Daily 7-10 Year Treasury Bull 3X) and MEXX (Direxion Daily MSCI Mexico Bull 3X Shares) are both exchange-traded funds - TYD is a Leveraged Bonds fund tracking the NYSE 7-10 Year Treasury Bond Index, 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 5 years, TYD returned -14.54%/yr vs 14.21%/yr for MEXX. At a 0.01 correlation, their price movements are largely independent. TYD charges 1.09%/yr vs 1.21%/yr for MEXX.
Performance
TYD vs. MEXX - Performance Comparison
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Returns By Period
In the year-to-date period, TYD achieves a -8.67% return, which is significantly lower than MEXX's 16.20% return.
TYD
- 1D
- -0.78%
- 1M
- -3.38%
- 6M
- -6.39%
- YTD
- -8.67%
- 1Y
- -3.97%
- 3Y*
- -4.77%
- 5Y*
- -14.54%
- 10Y*
- -5.55%
- ALL TIME*
- 0.96%
MEXX
- 1D
- 2.93%
- 1M
- -7.13%
- 6M
- -5.96%
- YTD
- 16.20%
- 1Y
- 81.68%
- 3Y*
- 0.62%
- 5Y*
- 14.21%
- 10Y*
- —
- ALL TIME*
- -5.78%
TYD vs. MEXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TYD Direxion Daily 7-10 Year Treasury Bull 3X | -8.67% | 11.68% | -13.89% | -2.87% | -43.32% | -11.36% | 27.62% | 17.88% | 0.76% | 0.03% |
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 16.20% | 181.49% | -73.13% | 115.60% | -12.96% | 52.75% | -53.63% | 21.41% | -51.95% | -15.26% |
Correlation
The correlation between TYD and MEXX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since May 3, 2017 | 0.01 |
Over the past year, TYD and MEXX have become more correlated (0.22) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
TYD vs. MEXX — Risk / Return Rank
TYD
MEXX
TYD vs. MEXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) 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.
| TYD | MEXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.55 | ||
| Sortino ratioReturn per unit of downside risk | -2.19 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 1.23 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 2.12 | -2.41 |
| Martin ratioReturn relative to average drawdown | -0.64 | 5.39 | -6.03 |
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Drawdowns
TYD vs. MEXX - Drawdown Comparison
The maximum TYD drawdown since its inception was -64.28%, smaller than the maximum MEXX drawdown of -95.58%. Use the drawdown chart below to compare losses from any high point for TYD and MEXX.
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Drawdown Indicators
| TYD | MEXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.28% | -95.58% | +31.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.54% | -38.77% | +25.23% |
Max Drawdown (3Y)Largest decline over 3 years | -22.32% | -74.92% | +52.60% |
Max Drawdown (5Y)Largest decline over 5 years | -59.84% | -74.92% | +15.08% |
Max Drawdown (10Y)Largest decline over 10 years | -64.28% | — | — |
Current DrawdownCurrent decline from peak | -60.31% | -57.73% | -2.58% |
Average DrawdownAverage peak-to-trough decline | -22.22% | -65.40% | +43.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.24% | 15.20% | -8.96% |
Volatility
TYD vs. MEXX - Volatility Comparison
The current volatility for Direxion Daily 7-10 Year Treasury Bull 3X (TYD) is 3.93%, while Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) has a volatility of 14.98%. This indicates that TYD 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.
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Volatility by Period
| TYD | MEXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 14.98% | -11.05% |
Volatility (6M)Calculated over the trailing 6-month period | 10.30% | 54.20% | -43.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.80% | 65.00% | -51.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.92% | 66.97% | -44.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 74.24% | -54.04% |
TYD vs. MEXX - Expense Ratio Comparison
TYD has a 1.09% expense ratio, which is lower than MEXX's 1.21% expense ratio.
Dividends
TYD vs. MEXX - Dividend Comparison
TYD's dividend yield for the trailing twelve months is around 3.38%, more than MEXX's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEXX Direxion Daily MSCI Mexico Bull 3X Shares | 1.45% | 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 | 3.38% | 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
TYD and MEXX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEXX has higher volatility (14.98%) compared to TYD (3.93%). In terms of maximum drawdown, TYD dropped -64.28% vs MEXX's -95.58%.
On 5-year performance, MEXX leads with 14.21% vs -14.54% for TYD. On fees, TYD is cheaper at 1.09% per year. On volatility, TYD has been the lower-risk option at 3.93%. 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 14.21% return vs -14.54%. 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 3.38%, compared with 1.45% for MEXX.
TYD is categorized as Leveraged Bonds, while MEXX is Leveraged Equities. TYD tracks NYSE 7-10 Year Treasury Bond Index, while MEXX tracks MSCI Mexico IMI 25-50 Net Total Return USD Index (300%). Their fees differ too: 1.09% for TYD and 1.21% for MEXX.
MEXX currently has the higher Sharpe Ratio (1.26 vs -0.29), 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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