{
 "ticker": "MEXX",
 "name": "Direxion Daily MSCI Mexico Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/MEXX",
 "html": "https://etfiq.com/funds/MEXX",
 "markdown": "https://etfiq.com/funds/MEXX.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: MEXX returned \u221211.2% where its own daily promise gave \u22129.2%, 2.0 points short.",
 "key_facts": [
  {
   "key": "what_eww_did",
   "label": "What EWW did",
   "value": "\u22122.5%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MEXX, what EWW did: \u22122.5%, as of Sep 11, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What +3 times a day gives",
   "value": "\u22129.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MEXX, what +3 times a day gives: \u22129.2%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221211.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MEXX, what the fund returned: \u221211.2%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.0 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "MEXX, the fund itself cost: \u22122.0 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$21m",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "MEXX, net assets: $21m (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.23%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "MEXX, expense ratio: 1.23% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of EWW, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "EWW moved \u22122.5% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "EWW",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, country",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$21m",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.23%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "May 3, 2017",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "16% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u22125.5%",
   "EWW": "\u22121.4%",
   "+3x the move": "\u22124.2%",
   "Difference": "\u22121.3 pts",
   "EWW moved about": "15%"
  },
  {
   "window": "3 months",
   "Fund": "\u221211.2%",
   "EWW": "\u22122.5%",
   "+3x the move": "\u22127.6%",
   "Difference": "\u22123.6 pts",
   "EWW moved about": "16%"
  },
  {
   "window": "6 months",
   "Fund": "+9.4%",
   "EWW": "+6.9%",
   "+3x the move": "+20.8%",
   "Difference": "\u221211.4 pts",
   "EWW moved about": "21%"
  },
  {
   "window": "1 year",
   "Fund": "+30.4%",
   "EWW": "+18.7%",
   "+3x the move": "+56.0%",
   "Difference": "\u221225.5 pts",
   "EWW moved about": "22%"
  },
  {
   "window": "3 years",
   "Fund": "+15.7%",
   "EWW": "+39.9%",
   "+3x the move": "+119.7%",
   "Difference": "\u2212104.0 pts",
   "EWW moved about": "24%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221243.7%",
   "EWW": "+89.5%",
   "+3x the move": "+268.4%",
   "Difference": "\u2212312.1 pts",
   "EWW moved about": "25%"
  }
 ],
 "questions": [
  {
   "q": "Did MEXX return +3 times EWW?",
   "a": "Over the window to Sep 11, 2026, EWW moved \u22122.5% and MEXX returned \u221211.2%. 3 times that move is \u22127.6%, so the fund came out 3.6 points short of it."
  },
  {
   "q": "Why does MEXX not return +3 times over a year?",
   "a": "Because it resets daily. MEXX aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}