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

Direxion · Leveraged ETFs · data as of Oct 2, 2026

Three months to Oct 2, 2026: MEXX returned −20.6% where its own daily promise gave −18.4%, 2.2 points short.

## Key facts

- MEXX, what EWW did: −5.8%, as of Oct 2, 2026.
- MEXX, what 3 times a day gives: −18.4%, as of Oct 2, 2026.
- MEXX, what the fund returned: −20.6%, as of Oct 2, 2026.
- MEXX, the fund itself cost: −2.2 pts, as of Oct 2, 2026.
- MEXX, net assets: $13m (issuer page, as of Oct 1, 2026).
- MEXX, expense ratio: 1.23% (485BPOS XBRL, Feb 26, 2026).

## MEXX over each window to Oct 2, 2026

| Window | Fund | EWW | +3x the move | Difference | EWW moved about |
| --- | --- | --- | --- | --- | --- |
| 1 month | −20.5% | −6.7% | −20.2% | −0.3 pts | 18% |
| 3 months | −20.6% | −5.8% | −17.5% | −3.0 pts | 17% |
| 6 months | −23.2% | −5.2% | −15.7% | −7.5 pts | 19% |
| 1 year | +3.7% | +9.9% | +29.7% | −26.0 pts | 22% |
| 3 years | +20.5% | +41.9% | +125.6% | −105.1 pts | 24% |
| Since launch | −53.5% | +78.7% | +236.0% | −289.5 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 | +3.52 times, against +3 stated | ETFIQ |
| Underlying | EWW | ETFIQ |
| Segment | sector or country, country | ETFIQ |
| Net assets | $13m | issuer page, as of Oct 1, 2026 |
| Expense ratio | 1.23% | 485BPOS XBRL, Feb 26, 2026 |
| Launched | May 3, 2017 | ETFIQ |
| Underlying volatility over the window | 17% annualized | ETFIQ |

## Questions

### Did MEXX return +3 times EWW?

Over the window to Oct 2, 2026, EWW moved −5.8% and MEXX returned −20.6%. 3 times that move is −17.5%, so the fund came out 3.0 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 Oct 2, 2026. https://etfiq.com/funds/mexx
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

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