Daily MSCI Mexico Bull 3X ETF (MEXX) Performance
MEXX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.2% since Dec 31, 2025
- 1 year
- +28.2% total return
- 5 years
- +10.7% a year
- Since first price
- −6.2% a year since 2017
MEXX trailing returns vs SPY, QQQ, AGG
| Period | MEXX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.6% | +5.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −3.7% | −3.9% | +3.2% | +1.9% | −0.4% |
| 6 months | −14.0% | −14.8% | +7.8% | +8.4% | −1.5% |
| YTD | +8.2% | +7.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +28.2% | +26.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +67.5%+18.8%/yr | +54.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +66.6%+10.7%/yr | +49.4% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 3, 2017 | −45.3%−6.2%/yr | −53.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MEXX vs SPY
From May 3, 2017: MEXX grew to $5,472, SPY to $36,936.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MEXX returns by calendar year
4 of 8 full years positive. Best 2025 (+181.5%), worst 2024 (−73.1%). 2026 is year to date.
MEXX annual returns table
| Year | MEXX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.2% | −43.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +181.5% | −32.1% | +17.7% | +20.8% | +7.2% |
| 2024 | −73.1% | −74.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +115.6% | −49.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −13.0% | −52.2% | −18.2% | −32.6% | −13.0% |
| 2021 | +52.8% | −36.7% | +28.7% | +27.4% | −1.8% |
| 2020 | −53.6% | −89.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +21.4% | −46.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −51.9% | −71.6% | −4.6% | −0.1% | +0.1% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MEXX largest drawdowns
Now 60.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 26, 2017 | −95.6% | Apr 3, 2020 | not yet | 2.7 years | 9.2 years so far |
| May 16, 2017 | −11.8% | May 18, 2017 | Jun 5, 2017 | 2 days | 20 days |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
MEXX risk statistics
| Statistic | 3 years | 5 years | Since 2017 |
|---|---|---|---|
| Annualized return | +2.4% | +8.9% | −7.7% |
| Volatility (annualized) | 62.5% | 69.2% | 71.6% |
| Sharpe ratio | 0.26 | 0.39 | 0.26 |
| Sortino ratio | 0.43 | 0.69 | 0.40 |
| Best month | +50.0% | +55.8% | +66.6% |
| Worst month | −37.0% | −37.0% | −78.4% |
| Best 12 months | +254.1% | +254.1% | +254.1% |
| Worst 12 months | −73.1% | −73.1% | −84.1% |
| Positive months | 53% | 52% | 55% |
| Beta vs S&P 500 | 1.78 | 2.39 | — |
| Correlation with S&P 500 | 0.35 | 0.54 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MEXX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 102 | −84.1% | +4.5% | +254.1% | 52% |
| 3-year (a year) | 78 | −56.6% | −4.1% | +82.6% | 42% |
| 5-year (a year) | 54 | −29.9% | −1.6% | +33.7% | 50% |
Every holding period starting at a month-end since 2017. Returns for 3 years and longer are annualized.
MEXX performance overview
Daily MSCI Mexico Bull 3X ETF (MEXX) returned +28.2% over the past year and +10.7% a year over five years, with distributions reinvested. Since its first recorded price in 2017 it has returned −6.2% a year, turning $10,000 into about $5,472. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −95.6%, from Jul 26, 2017 to Apr 3, 2020; the fund has not yet regained that high. MEXX finished 4 of its 8 full calendar years with a gain; the best year was 2025 (+181.5%) and the worst 2024 (−73.1%). Volatility has been 71.6% a year.
Related: MEXX chart, MEXX dividends. See the MEXX overview for the latest quote and fund facts.
MEXX performance FAQ
What is the MEXX return over the past year?
MEXX returned +28.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 26.1%.
What is the average annual return of MEXX?
MEXX has returned +10.7% a year over 5 years, −6.2% a year since May 3, 2017 (total return, distributions reinvested).
How much would $10,000 invested in MEXX be worth?
$10,000 invested in MEXX at its first recorded close on May 3, 2017 would be worth about $5,472 on October 23, 2026 with distributions reinvested.
What was the worst year for MEXX?
The worst calendar year was 2024, with a total return of −73.1%. The best was 2025 at +181.5%.
What is the biggest drawdown of MEXX?
The largest peak-to-trough decline was −95.6% between July 26, 2017 and April 3, 2020. It has not yet recovered to that high; it is 60.6% below its peak.
How volatile is MEXX?
Over the past 3 years MEXX had an annualized volatility of 62.5% and a Sharpe ratio of 0.26 (excess return over 1–3 month T-bills per unit of risk).