MEXX vs SPY

Comparison between DIREXION DAILY MSCI MEXICO BULL 3X SHARES (MEXX, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed MEXX, delivering a return of +12.9% compared to +12.4%

MEXX vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MEXX(ETF)	SPY(ETF)
Net Assets	$20M	$795B
Expense Ratio	N/A	0.09%
Max Drawdown	95.79%	56.47%
Sharpe Ratio	1.11	1.25
5Y Beta	2.01	1.00
P/E Ratio	N/A	26.08
Forward P/E	N/A	20.91
PEG Ratio	N/A	0.37
5Y Dividends CAGR	70.01%	6.00%
5Y EPS CAGR	N/A	26.38%
Debt to Equity	N/A	45.86%
P/S Ratio	N/A	3.75
P/B Ratio	N/A	5.57

Net Assets

MEXX

$20M

Winner

SPY

$795B

Expense Ratio

MEXX

N/A

SPY

0.09%

Max Drawdown

MEXX

95.79%

Winner

SPY

56.47%

Sharpe Ratio

MEXX

1.11

Winner

SPY

1.25

5Y Beta

MEXX

2.01

Winner

SPY

1.00

P/E Ratio

MEXX

N/A

SPY

26.08

Forward P/E

MEXX

N/A

SPY

20.91

PEG Ratio

MEXX

N/A

SPY

0.37

5Y Dividends CAGR

Winner

MEXX

70.01%

SPY

6.00%

5Y EPS CAGR

MEXX

N/A

SPY

26.38%

Debt to Equity

MEXX

N/A

SPY

45.86%

P/S Ratio

MEXX

N/A

SPY

3.75

P/B Ratio

MEXX

N/A

SPY

5.57

MEXX vs SPY - Holdings Comparison

MEXX and SPY have 0 common holdings. Overlap is 0.00%

MEXX's top 25 holdings weight is 58.09%. SPY's top 25 holdings weight is 51.61%.

Rank	MEXX	SPY
#1	ISHARES MSCI MEXICO ETF (EWW) - 46.96%	NVIDIA CORP (NVDA) - 7.90%
#2	ISHARES MSCI SOUTH AFRICA ETF (EZA) - 11.13%	APPLE INC (AAPL) - 6.79%
#3	N/A	MICROSOFT CORP (MSFT) - 5.64%
#4	N/A	AMAZON.COM INC (AMZN) - 4.08%
#5	N/A	ALPHABET INC CLASS A (GOOGL) - 3.14%
#6	N/A	BROADCOM INC (AVGO) - 3.00%
#7	N/A	ALPHABET INC CLASS C (GOOG) - 2.52%
#8	N/A	META PLATFORMS INC CLASS A (META) - 1.96%
#9	N/A	ELI LILLY AND CO (LLY) - 1.46%
#10	N/A	MICRON TECHNOLOGY INC (MU) - 1.46%
#11	N/A	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.46%
#12	N/A	JPMORGAN CHASE & CO (JPM) - 1.45%
#13	N/A	TESLA INC (TSLA) - 1.40%
#14	N/A	ADVANCED MICRO DEVICES INC (AMD) - 1.15%
#15	N/A	EXXONMOBIL HOLDINGS CORP (XOM) - 0.99%
#16	N/A	JOHNSON & JOHNSON (JNJ) - 0.94%
#17	N/A	VISA INC CLASS A (V) - 0.90%
#18	N/A	WALMART INC (WMT) - 0.74%
#19	N/A	CISCO SYSTEMS INC (CSCO) - 0.73%
#20	N/A	INTEL CORP (INTC) - 0.69%
#21	N/A	MASTERCARD INC CLASS A (MA) - 0.68%
#22	N/A	ABBVIE INC (ABBV) - 0.66%
#23	N/A	COSTCO WHOLESALE CORP (COST) - 0.63%
#24	N/A	APPLIED MATERIALS INC (AMAT) - 0.62%
#25	N/A	BANK OF AMERICA CORP (BAC) - 0.62%
Total Holdings	2	505

MEXX vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	MEXX	SPY
1 month	+1.63%	+4.33%
3 months	-8.78%	+3.01%
6 months	-20.61%	+13.01%
1 year	+68.36%	+20.57%
5 years(CAGR)	+12.43%	+12.88%
10 years(CAGR)	-5.16%	+15.34%
Max(CAGR)	-5.16%	+8.59%

MEXX

+1.63%

Winner

SPY

+4.33%

MEXX

-8.78%

Winner

SPY

+3.01%

MEXX

-20.61%

Winner

SPY

+13.01%

Winner

MEXX

+68.36%

SPY

+20.57%

5Y(CAGR)

MEXX

+12.43%

Winner

SPY

+12.88%

10Y(CAGR)

MEXX

-5.16%

Winner

SPY

+15.34%

Max(CAGR)

MEXX

-5.16%

Winner

SPY

+8.59%

MEXX vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MEXX	SPY
2026	+19.12%	+13.47%
2025	+166.19%	+18.00%
2024	-72.25%	+25.59%
2023	+104.98%	+26.72%
2022	-12.32%	-18.64%
2021	+49.97%	+30.52%
2020	-57.17%	+17.28%
2019	+13.02%	+31.09%
2018	-52.91%	-5.24%
2017	-13.80%	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

MEXX vs SPY Drawdown Comparison

The maximum drawdown for MEXX was -95.58%, occurring on Apr 3, 2020. This drawdown has not yet recovered.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current MEXX drawdown is -56.08%. The current SPY drawdown is -0.87%.

Rank	MEXX	SPY
#1	-95.58% Jul 26, 2017 - Apr 3, 2020	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-11.79% May 16, 2017 - Jun 5, 2017	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-6.14% Jun 26, 2017 - Jul 10, 2017	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-2.56% Jul 18, 2017 - Jul 26, 2017	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-1.68% Jun 13, 2017 - Jun 23, 2017	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-1.67% May 3, 2017 - May 12, 2017	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-1.38% Jun 5, 2017 - Jun 13, 2017	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-0.62% Jul 14, 2017 - Jul 18, 2017	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	N/A	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	N/A	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	N/A	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	N/A	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	N/A	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	N/A	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	N/A	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between MEXX and SPY is -0.22 which considered as a very weak or no correlation - the stocks move independently of each other.

-0.22

-101

Dividend Comparison (1999 - 2026)

MEXX vs SPY dividend yield comparison.

Year	MEXX	SPY
2026	0.87%	0.48%
2025	1.60%	1.07%
2024	5.81%	1.21%
2023	1.66%	1.40%
2022	1.33%	1.65%
2021	0.63%	1.20%
2020	0.12%	1.52%
2019	1.60%	1.75%
2018	5.61%	2.04%
2017	0.27%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%

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MEXX vs SPY

MEXX vs SPY - Performance Comparison

Key Characteristics

MEXX vs SPY - Holdings Comparison

MEXX vs SPY - Historical Returns

MEXX vs SPY - Annual Returns (1999 - 2026)

MEXX vs SPY Drawdown Comparison

Correlation

Dividend Comparison (1999 - 2026)

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