{
 "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": "2026-10-02",
 "verdict": "Three months to Oct 2, 2026: MEXX returned \u221220.6% where its own daily promise gave \u221218.4%, 2.2 points short.",
 "key_facts": [
  {
   "key": "what_eww_did",
   "label": "What EWW did",
   "value": "\u22125.8%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MEXX, what EWW did: \u22125.8%, as of Oct 2, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What 3 times a day gives",
   "value": "\u221218.4%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MEXX, what 3 times a day gives: \u221218.4%, as of Oct 2, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221220.6%",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MEXX, what the fund returned: \u221220.6%, as of Oct 2, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22122.2 pts",
   "source": null,
   "as_of": "2026-10-02",
   "sentence": "MEXX, the fund itself cost: \u22122.2 pts, as of Oct 2, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13m",
   "source": "issuer page, as of Oct 1, 2026",
   "as_of": "2026-10-02",
   "sentence": "MEXX, net assets: $13m (issuer page, as of Oct 1, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.23%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-10-02",
   "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": "+3.52 times, against +3 stated",
   "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": "$13m",
   "source": "issuer page, as of Oct 1, 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": "17% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "\u221220.5%",
   "EWW": "\u22126.7%",
   "+3x the move": "\u221220.2%",
   "Difference": "\u22120.3 pts",
   "EWW moved about": "18%"
  },
  {
   "window": "3 months",
   "Fund": "\u221220.6%",
   "EWW": "\u22125.8%",
   "+3x the move": "\u221217.5%",
   "Difference": "\u22123.0 pts",
   "EWW moved about": "17%"
  },
  {
   "window": "6 months",
   "Fund": "\u221223.2%",
   "EWW": "\u22125.2%",
   "+3x the move": "\u221215.7%",
   "Difference": "\u22127.5 pts",
   "EWW moved about": "19%"
  },
  {
   "window": "1 year",
   "Fund": "+3.7%",
   "EWW": "+9.9%",
   "+3x the move": "+29.7%",
   "Difference": "\u221226.0 pts",
   "EWW moved about": "22%"
  },
  {
   "window": "3 years",
   "Fund": "+20.5%",
   "EWW": "+41.9%",
   "+3x the move": "+125.6%",
   "Difference": "\u2212105.1 pts",
   "EWW moved about": "24%"
  },
  {
   "window": "Since launch",
   "Fund": "\u221253.5%",
   "EWW": "+78.7%",
   "+3x the move": "+236.0%",
   "Difference": "\u2212289.5 pts",
   "EWW moved about": "25%"
  }
 ],
 "questions": [
  {
   "q": "Did MEXX return +3 times EWW?",
   "a": "Over the window to Oct 2, 2026, EWW moved \u22125.8% and MEXX returned \u221220.6%. 3 times that move is \u221217.5%, so the fund came out 3.0 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": "2026-10-03",
 "license": "https://etfiq.com/license/",
 "license_text": "Free to use with attribution. ETFIQ (etfiq.com)."
}