# MEXX (Direxion Daily MSCI Mexico Bull 3X ETF)

Direxion · Leveraged ETFs · data as of Sep 11, 2026

Three months to Sep 11, 2026: MEXX returned −11.2% where its own daily promise gave −9.2%, 2.0 points short.

## Key facts

- MEXX, what EWW did: −2.5%, as of Sep 11, 2026.
- MEXX, what +3 times a day gives: −9.2%, as of Sep 11, 2026.
- MEXX, what the fund returned: −11.2%, as of Sep 11, 2026.
- MEXX, the fund itself cost: −2.0 pts, as of Sep 11, 2026.
- MEXX, net assets: $21m (source, as filed for Apr 30, 2026).
- MEXX, expense ratio: 1.23% (485BPOS XBRL, Feb 26, 2026).

## MEXX over each window to Sep 11, 2026

| Window | Fund | EWW | +3x the move | Difference | EWW moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −5.5% | −1.4% | −4.2% | −1.3 pts | 15% |
| 3 months | −11.2% | −2.5% | −7.6% | −3.6 pts | 16% |
| 6 months | +9.4% | +6.9% | +20.8% | −11.4 pts | 21% |
| 1 year | +30.4% | +18.7% | +56.0% | −25.5 pts | 22% |
| 3 years | +15.7% | +39.9% | +119.7% | −104.0 pts | 24% |
| Since launch | −43.7% | +89.5% | +268.4% | −312.1 pts | 25% |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Sets out to return | +3 times the daily move of EWW, reset daily | ETFIQ |
| Multiple a holder actually got over the window | EWW moved −2.5% over this window, too little to read a multiple from | ETFIQ |
| Underlying | EWW | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $21m | source, as filed for Apr 30, 2026 |
| Expense ratio | 1.23% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 3, 2017 | ETFIQ |
| Underlying volatility over the window | 16% annualized | ETFIQ |

## Questions

### Did MEXX return +3 times EWW?

Over the window to Sep 11, 2026, EWW moved −2.5% and MEXX returned −11.2%. 3 times that move is −7.6%, so the fund came out 3.6 points short of it.

### Why does MEXX not return +3 times over a year?

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.


## Cite this page

ETFIQ, MEXX, data as of Sep 11, 2026. https://etfiq.com/funds/MEXX
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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