MEXX vs SCHD
Direxion Daily MSCI Mexico Bull 3X ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. MEXX delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | MEXX | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 1.23% | 0.06% | |
| AUM | $20M | $103.7B | |
| Dividend Yield | 1.46% | 3.31% | |
| Holdings | 10 | 104 | |
| YTD Return | +18.60% | +25.33% | |
| 1Y Return | +69.64% | +32.31% | |
| 3Y Return (annualized) | +2.57% | +15.40% | |
| 5Y Return (annualized) | +13.32% | +9.70% | |
| Volatility (annualized) | 71.5% | 13.6% | |
| Max Drawdown | -95.8% | -33.4% | |
| Fund Family | Direxion Shares ETF Trust | Charles Schwab Asset Management | |
| Category | Alternative | Equity | |
| Inception | May 3, 2017 | Oct 20, 2011 |
MEXX vs SCHD Performance
Direxion Daily MSCI Mexico Bull 3X ETF (MEXX) is a ETF from Direxion Shares ETF Trust and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year MEXX returned +69.64% while SCHD returned +32.31%. Year to date, MEXX is up 18.60% versus a gain of 25.33% for SCHD.
Over three years, MEXX compounded at +2.57% per year against +15.40% for SCHD; over five years the annualized figures are +13.32% and +9.70% respectively. Across the full 9-year window we track, SCHD has the edge at +11.45% annualized vs -5.97%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
MEXX has been the more volatile fund, with annualized monthly volatility of 71.5% compared with 13.6% for SCHD. 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 -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.61. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
MEXX charges 1.23% per year while SCHD charges 0.06%. On a $10,000 position that is $123 vs $6 annually, a gap of $117 per year that compounds over a long holding period. On income, MEXX currently yields 1.46% against 3.31% for SCHD.
Holdings Overlap
MEXX and SCHD share 0 holdings out of 105 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, MEXX or SCHD?
MEXX has an expense ratio of 1.23% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $117 per year of difference.
Which performed better, MEXX or SCHD?
Over the past year MEXX returned +69.64% vs +32.31% for SCHD, so MEXX leads on 1-year performance. Over the longest common window we track (9 years), MEXX annualized -5.97% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, MEXX or SCHD?
MEXX has been the more volatile fund at 71.5% annualized versus 13.6% for SCHD. Worst drawdown: MEXX -95.8% vs SCHD -33.4%.
Should I hold both MEXX and SCHD?
MEXX and SCHD have a monthly-return correlation of 0.61, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between MEXX and SCHD?
MEXX and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 105 unique securities.
Which pays a higher dividend, MEXX or SCHD?
MEXX yields 1.46% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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