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Beacon

MEXXDirexion Daily MSCI Mexico Bull 3X Shares

Take a bet9y track recordRanked #409 of 775 in this goal

Seeks daily investment results of 300% of the daily performance of the Index.

By Direxion Funds · Launched 2017

Annual Cost

1.23%

#5,244 of 5,562 · expensive

Fund Size

$23M

#4,275 of 5,562 · small

Return (1Y)Goal

+96.0%

Track Record

9 years

#1,554 of 5,562 · established

Performance

Total-return NAV · USD
Growth of $10,000
$20,413+104.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

Latin america

Strategy

Leveraged

Index tracked

MSCI Mexico IMI 25/50 Index

What it actually holds

By weight

Concentration

Top 1 holdings = 46.0% of fundmoderately concentrated

iShares MSCI Mexico ETFEWW
46.0%

Asset allocation

Stocks
68.4%
Cash
31.6%

By sector

Basic Materials
26.2%
Consumer Defensive
23.9%
Financial Services
17.8%
Industrials
12.7%
Communication
9.8%
Real Estate
7.7%
Consumer Cyclical
1.4%
Healthcare
0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years
Volatility (1Y)
64.3%High

Year-on-year price swings

Max drawdown
-95.6%Severe

Worst peak-to-trough loss

Sharpe (3Y)
0.34Below average
Sortino (3Y)
0.47Moderate downside risk

Where to buy

Listing

Exchange
NYSE Arca

Full fund details

Objective
Seeks daily investment results of 300% of the daily performance of the Index.
Strategy
Invests primarily in financial instruments like swap agreements and ETFs to achieve 3x daily leveraged exposure to the Mexican equity market. The Fund targets large-, mid-, and small-cap companies, rebalancing daily to maintain its leverage objective.
Inception date
May 3, 2017
Fund family
Direxion Funds

Our take

Structural notes on how this fund behaves. Read our guide on the 6 warning signs.

Leveraged
Warning

Leveraged ETF — not a long-term hold

This fund uses leverage to amplify daily returns (e.g. 2x or 3x of an index). Daily rebalancing creates volatility decay — over weeks and months, the fund's return drifts from the stated multiple. In trending markets with low realised volatility, leveraged index ETFs can outperform their nominal multiple; in sideways or volatile markets they bleed. Designed for short-term tactical use, not buy-and-hold.

Source: Cheng & Madhavan, 'The Dynamics of Leveraged and Inverse ETFs' (2009)

Why we flagged this: strategy=leveraged + leveraged_name_or_strategy

Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More

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Data updated on 2026-06-19