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FAS vs MEXX

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Direxion Daily MSCI Mexico Bull 3X ETF

MEXXFNYSE Arca

Overlap

Expense ratio

FAS −0.35pt a year

FAS0.88%MEXX1.23%

Avg volume · 30D

FAS 33.5×the volume

FAS413KMEXX12.3K

5Y return · a year

MEXX +6.2pt

FAS+5.6%MEXX+11.8%

FAS vs MEXX Performance

Oct 29, 2021 – Oct 30, 2026

+31.4%FAS+74.7%MEXX

Oct 29, 2021 to Oct 30, 2026. FAS +31.4%. MEXX +74.7%. Use the arrow keys to read each point.−50%0%100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
FAS 0.88%, better
MEXX 1.23%
Fund size
FAS $2.17B
MEXX $15M
1Y total return
FAS +12.3%
MEXX +22.3%, better
Yield (12M)
FAS 8.87%, better
MEXX 1.75%
Holdings
FAS 87
MEXX 10
Avg volume (30D)
FAS 413K sh, better
MEXX 12.3K sh
NAV per share
FAS $168.18
MEXX $25.91
52W range

ETF.net Grade

FAS: Cost 92, Risk 69, Mission not scored, Tradability 73, Holdings not scored, Durability 66. MEXX: Cost 7, Risk 31, Mission not scored, Tradability 25, Holdings not scored, Durability 24.
Pillar letters and Scores for FAS, MEXX, with each pillar’s weight
PillarFASMEXX
Cost30% weightA92HigherF7
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherD31
Tradability15% weightA73HigherD25
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherF24

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FAS and MEXX are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

FAS ranks 3rd and MEXX 30th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 76
  5. Rank 29FYINNDirexion Daily FTSE China Bull 3X SharesScore 19
  6. Rank 30FMEXXDirexion Daily MSCI Mexico Bull 3X ETFScore 18

Our read on each fund

ETF.net Research

FASADirexion Daily Financial Bull 3X ETF

MEXXFDirexion Daily MSCI Mexico Bull 3X ETF

In short

FAS Born in November 2008 with the banking system on fire, FAS aims to deliver three times the daily move of the Financial Select Sector Index. A one-day tool on roughly 80 financial stocks, built around a single-day objective.

MEXX While the category's heavyweights lever up US tech and Treasuries, MEXX points 3x daily leverage at Mexico: 300% of the MSCI Mexico IMI 25/50 Index's daily move, at 1.23% net of a waiver through September 1, 2027.

Stated mandate

FAS The fund seeks a daily return equal to three times the performance of the Financial Select Sector Index, before fees and expenses. It is designed for a single-day objective rather than a multiple of the index’s cumulative return over longer periods.

MEXX The fund seeks daily investment results, before fees and expenses, equal to 300% of the performance of the MSCI Mexico IMI 25/50 Index.

Why people hold it

  • FAS Launched in November 2008, into the crisis itself, and still one of the strongest implementations in its 3x peer group.
  • Costs 0.88% net of a waiver through September 1, 2027 (0.92% gross), below the median for 3x leveraged funds.
  • A multi-billion-dollar fund that trades steadily, so the leverage arrives in a reasonably liquid wrapper.
  • Straightforward plumbing: 3x the daily move of one named large-cap financials index, about 80 stocks, no stock-picking overlay.
  • MEXX Aims for 300% of the MSCI Mexico IMI 25/50 Index's daily move, a broad read on Mexican stocks across large, mid and small caps, with the leverage reset every day.direxion.com
  • The index applies 25/50 capping rules, so no single Mexican giant swallows the basket, which matters in a market this top-heavy.msci.com
  • Live since May 2017, so this is a seasoned wrapper rather than a new launch, and it pays distributions quarterly.direxion.com

Worth knowing

  • FAS The 3x goal resets every day. Hold longer and compounding can push results away from three times the index's move over that stretch, especially in choppy markets.
  • Leverage runs both directions: down days are magnified just as sharply, and this is one sector in one direction with no diversification cushion.
  • Not the cheapest 3x on the shelf: SOXL runs 0.75% and TQQQ 0.78%, each net of waivers through September 1, 2027 and September 30, 2027.
  • MEXX Costs 1.23% net of a waiver through September 1, 2027 (1.26% gross), above the category median and above SOXL's 0.75% net of a waiver through September 1, 2027.
  • Daily reset means returns compound off each day's close, so multi-day results can diverge from 3x the index's move over that stretch, especially in choppy markets.direxion.com
  • Thinly traded and small beside the category's giants, so spreads and limit orders deserve attention. Exposure rides on one country and one currency.

Full FAS profile⁠

Full MEXX profile⁠

FAS vs MEXX Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FAS vs MEXX Cost

Overpaying MEXX vs FAS

$5,606

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FAS 0.88%

    $16,705

  • MEXX 1.23%

    $22,311

$10,000
30 years

Cost over time

  • FAS 0.88%
  • MEXX 1.23%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530MEXX $22,311FAS $16,705

Year by year

YearFASMEXXOverpaying
10$1,559$2,148$589
20$5,891$7,989$2,098
30$16,705$22,311$5,606

Expense ratio

  • 0.88%FAS, cheaper
  • 1.23%MEXX
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

MEXX 28th cheapest of 30 funds

FAS vs MEXX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FAS 8.87%, better
MEXX 1.75%
Payout (12M)
FAS $14.62
MEXX $0.45
Last payment
FAS $1.00
MEXX $0.04
Ex-dividend
FAS Sep 22, 2026
MEXX Sep 22, 2026
Paid on
FAS Sep 29, 2026
MEXX Sep 29, 2026
Frequency
FAS Quarterly
MEXX Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FASQuarterly · 36 paymentsAll FAS payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.08; Mar 20, 2018 $0.13; Jun 19, 2018 $0.16; Sep 25, 2018 $0.19; Dec 27, 2018 $0.16; Mar 19, 2019 $0.16; Jun 25, 2019 $0.17; Sep 24, 2019 $0.15; Dec 23, 2019 $0.11; Mar 24, 2020 $0.12; Jun 23, 2020 $0.04; Sep 22, 2020 $0.05; Dec 22, 2020 $0.08; Mar 23, 2021 $0.13; Jun 22, 2021 $0.14; Sep 21, 2021 $0.15; Dec 21, 2021 $0.36; Jun 22, 2022 $0.12; Sep 20, 2022 $0.22; Dec 20, 2022 $0.33; Mar 21, 2023 $0.17; Jun 21, 2023 $0.62; Sep 19, 2023 $0.29; Dec 21, 2023 $0.38; Mar 19, 2024 $0.36; Jun 25, 2024 $0.27; Sep 24, 2024 $0.32; Dec 23, 2024 $0.19; Mar 25, 2025 $0.46; Jun 24, 2025 $0.50; Sep 23, 2025 $0.39; Dec 10, 2025 $12.09; Dec 23, 2025 $0.39; Mar 24, 2026 $0.60; Jun 23, 2026 $0.53; Sep 22, 2026 $1.00. Use the arrow keys to read each point.$0$102017202020232026YTD
MEXXQuarterly · 29 paymentsAll MEXX payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.13; Sep 25, 2018 $1.18; Dec 27, 2018 $0.12; Mar 19, 2019 $0.07; Jun 25, 2019 $0.24; Sep 24, 2019 $0.03; Dec 23, 2019 $0.10; Jun 23, 2020 $0.0055; Dec 22, 2020 $0.0094; Mar 23, 2021 $0.0038; Jun 22, 2021 $0.03; Dec 21, 2021 $0.09; Jun 22, 2022 $0.06; Sep 20, 2022 $0.0074; Dec 20, 2022 $0.15; Mar 21, 2023 $0.10; Jun 21, 2023 $0.16; Sep 19, 2023 $0.03; Dec 21, 2023 $0.30; Mar 19, 2024 $0.11; Jun 25, 2024 $0.10; Sep 24, 2024 $0.08; Dec 23, 2024 $0.25; Mar 25, 2025 $0.03; Jun 24, 2025 $0.21; Dec 23, 2025 $0.16; Mar 24, 2026 $0.03; Jun 23, 2026 $0.23; Sep 22, 2026 $0.04. Use the arrow keys to read each point.$0$102017202020232026YTD

FAS vs MEXX Risk

Fall from peak · 5 years

  • FAS
  • MEXX
Oct 29, 2021 to Oct 30, 2026. Worst fall: MEXX −74.9% · Apr 2025. Use the arrow keys to read each point.−80%−60%−40%−20%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FAS 46.3%, betterMEXX 61.6%
Return per unit of riskSharpe ratio, 3 years
FAS 1.03, betterMEXX 0.45
Worst fallMax drawdown, 5 years
FAS −66.9%, betterMEXX −74.9%
Market sensitivityBeta, 5 years
FAS 2.63MEXX 2.29

Popular comparisons

  • FASAvsTQQQA

    Direxion Daily Financial Bull 3X ETF · ProShares UltraPro QQQ

    Expense ratio
    0.88% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MEXXFvsTQQQA

    Direxion Daily MSCI Mexico Bull 3X ETF · ProShares UltraPro QQQ

    Expense ratio
    1.23% · 0.78%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FASAvsUDOWA

    Direxion Daily Financial Bull 3X ETF · ProShares UltraPro Dow30

    Expense ratio
    0.88% · 0.94%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MEXXFvsUDOWA

    Direxion Daily MSCI Mexico Bull 3X ETF · ProShares UltraPro Dow30

    Expense ratio
    1.23% · 0.94%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • FASAvsSOXLA

    Direxion Daily Financial Bull 3X ETF · Direxion Daily Semiconductor Bull 3X ETF

    Expense ratio
    0.88% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MEXXFvsSOXLA

    Direxion Daily MSCI Mexico Bull 3X ETF · Direxion Daily Semiconductor Bull 3X ETF

    Expense ratio
    1.23% · 0.75%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.