MEXX vs QQQ
Direxion Daily MSCI Mexico Bull 3X ETF vs Invesco QQQ Trust, Series 1
Which is better, MEXX or QQQ?
Multi Alternative against Large Cap Growth.
QQQ has a lower expense ratio. MEXX led over 1Y, QQQ over 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | MEXX | QQQ |
|---|---|---|
| Expense Ratio | 1.23% | 0.18%Best |
| AUM | $17M | $483.5B |
| Dividend Yield | 1.42% | 0.44% |
| Holdings | 10 | 107 |
| YTD Return | +9.75% | +16.87%Best |
| 1Y Return | +30.43%Best | +22.98% |
| 3Y Return (annualized) | +4.19% | +24.98%Best |
| 5Y Return (annualized) | +9.83% | +14.39%Best |
| Volatility (annualized) | 71.3% | 19.6%Best |
| Max Drawdown | -95.8% | -35.1%Best |
| $10,000 over 5 years | $15,981 | $19,586Best |
| Fund Family | Direxion Shares ETF Trust | Invesco (US) |
| Category | Alternative | Equity |
| Style | Multi Alternative | Large Cap Growth |
| Inception | May 3, 2017 | Mar 10, 1999 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: May 3, 2017 to Sep 11, 2026 (9.4 years).
MEXX vs QQQ growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 9.4 years both funds cover.
MEXX vs QQQ Performance
Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) is an ETF from Direxion Shares ETF Trust and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year MEXX returned +30.43% while QQQ returned +22.98%. Year to date, MEXX is up 9.75% versus a gain of 16.87% for QQQ.
Over three years, MEXX compounded at +4.19% per year against +24.98% for QQQ; over five years the annualized figures are +9.83% and +14.39% respectively. Across the full 9-year window we track, QQQ has the edge at +19.72% annualized vs -6.69%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEXX has been the more volatile fund, with annualized monthly volatility of 71.3% compared with 19.6% for QQQ. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -95.8% for MEXX and -35.1% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.45. They move together some of the time, and apart the rest.
Fees and Cost Over Time
MEXX charges 1.23% per year while QQQ charges 0.18%. On a $10,000 position that is $123 vs $18 annually, a gap of $105 per year that compounds over a long holding period. On income, MEXX currently yields 1.42% against 0.44% for QQQ.
Holdings Overlap
We hold position weights for 4 holdings in MEXX and 102 in QQQ, totalling 94.8% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 4 positions we hold weights for in MEXX and 102 in QQQ, against full books of 10 and 107.
You are not choosing between two funds in isolation.
Whichever of MEXX and QQQ you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, MEXX or QQQ?
MEXX has an expense ratio of 1.23% while QQQ charges 0.18%. QQQ is the cheaper option, by $105 a year on a $10,000 investment.
Which performed better, MEXX or QQQ?
Over the past year MEXX returned +30.43% vs +22.98% for QQQ, so MEXX leads on 1-year performance. Over the longest common window we track (9 years), MEXX annualized -6.69% vs +19.72% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, MEXX or QQQ?
MEXX has been the more volatile fund at 71.3% annualized versus 19.6% for QQQ. Worst drawdown: MEXX -95.8% vs QQQ -35.1%.
Should I hold both MEXX and QQQ?
MEXX and QQQ have a monthly-return correlation of 0.45, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, MEXX or QQQ?
MEXX yields 1.42% while QQQ yields 0.44%, so MEXX currently pays the higher dividend yield.
Is QQQ better than MEXX?
QQQ has a lower expense ratio. MEXX led over 1Y, QQQ over 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.