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Direxion Daily MSCI Mexico Bull 3X Shares

MEXX
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 03 2017
Expense Ratio
1.15%
Type
Global Ex. US Equities
Fund Owner
Direxion Shares
Volume (1m avg. daily)
$361,116
AUM
$15,500,364
Associated Index
MSCI Mexico IMI 25/50 Index
Inverse/Leveraged
Leveraged (3x)
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus

Top 10 Holdings

EWW
BlackRock Institutional Trust Company N.A. - iShares MSCI Mexico ETF
12.09%
n/a
GOLDMAN FINL SQ TRSRY INST 506
4.17%
n/a
DREYFUS GOVT CASH MGMT
3.44%
n/a
DREYFUS GOVT CASH MGMT
3.01%
n/a
DREYFUS TREASURY SECURITIES CASH MANAGEMENT
2.36%
n/a
GOLDMAN FS GOVT INST
2.24%
n/a
DREYFUS GOVT CASH MGMT
0.02%
n/a
GOLDMAN FINL SQ TRSRY INS
0.00%
n/a
GOLDMAN FINL SQ TRSRY INS
0.00%
n/a
DREYFUS GOVT CASH MGMT
0.00%
Invest with MEXX

What is MEXX?

The Direxion Daily MSCI Mexico Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Mexico IMI 25-50 Net Total Return USD Index. The MSCI Mexico IMI 25/50 Index (M1CXBLRL) is designed to measure the performance of the large-, mid- and small-capitalization segments of the Mexican equity market, covering approximately 99% of the free float-adjusted market capitalization in Mexico. The Index consists of stocks traded primarily on the Mexican Stock Market.

ETFs related toMEXX

ETFs correlated to MEXX include EWW, DGT, VYMI

MEXX
Direxion Shares ETF Trust - Direxion Daily MSCI Mexico Bull 3X Shares
EWW
BlackRock Institutional Trust Company N.A. - iShares MSCI Mexico ETF
DGT
SPDR Series Trust - SPDR Global Dow ETF
VYMI
Vanguard Group, Inc. - Vanguard International High Dividend Yield ETF
DOL
WisdomTree Trust - WisdomTree International LargeCap Dividend Index
PXF
Invesco Capital Management LLC - Invesco FTSE RAFI Developed Markets ex-U.S. ETF
VEU
Vanguard Group, Inc. - Vanguard FTSE All-World ex-US ETF
DFAX
Dimensional ETF Trust - Dimensional World ex U.S. Core Equity 2 ETF
SCHF
Schwab Strategic Trust - Schwab International Equity ETF
AVIV
American Century ETF Trust - Avantis International Large Cap Value ETF
FNDF
Schwab Strategic Trust - Schwab Fundamental International Large Company Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toMEXX

#GEM

Global Equity Momentum

Category

Momentum, Tactical Asset Allocation, Go Global

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

Create your own algorithmic trading strategy with MEXX using Composer

FAQ

MEXX is a Global Ex. US Equities ETF. The Direxion Daily MSCI Mexico Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI Mexico IMI 25-50 Net Total Return USD Index. The MSCI Mexico IMI 25/50 Index (M1CXBLRL) is designed to measure the performance of the large-, mid- and small-capitalization segments of the Mexican equity market, covering approximately 99% of the free float-adjusted market capitalization in Mexico. The Index consists of stocks traded primarily on the Mexican Stock Market.

MEXX tracks the MSCI Mexico IMI 25/50 Index.

No, MEXX is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, MEXX is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on MEXX is -0.0678%. This is the percent change in the value of MEXX over the most recent 1-month period. The 3-month return on MEXX is 0.3143%. This is the percent change in the value of MEXX over the most recent 3-month period.

The standard deviation of MEXX for the past year is 0.6676%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to MEXX include SDS, SH, and PSQ.

ETFs correlated to MEXX include EWW, DGT, and VYMI.

ETFs that are inversely correlated to MEXX include EFZ, EPV, and SRTY.

Yes, MEXX is a Leveraged (3x) ETF: This means that MEXX will try to match the performance of MSCI Mexico IMI 25/50 Index, but with 3x the returns.

Yes, MEXX is a Leveraged (3x) leveraged ETF: This means that {characteristics.Identifier} will try to match the performance of MSCI Mexico IMI 25/50 Index, but move 3x in the opposite direction.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.