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MEXX vs SOXL

Direxion Daily MSCI Mexico Bull 3X ETF

MEXXFNYSE Arca

Direxion Daily Semiconductor Bull 3X ETF

SOXLANYSE Arca

Overlap

Expense ratio

SOXL −0.48pt a year

MEXX1.23%SOXL0.75%

Avg volume · 30D

SOXL 5733.1×the volume

MEXX12.3KSOXL70.7M

5Y return · a year

MEXX +1.0pt

MEXX+11.8%SOXL+10.8%

MEXX vs SOXL Performance

Oct 29, 2021 – Oct 30, 2026

+74.7%MEXX+66.7%SOXL

Oct 29, 2021 to Oct 30, 2026. MEXX +74.7%. SOXL +66.7%. Use the arrow keys to read each point.−100%200%300%400%500%Oct 2021Apr 2024Oct 2026
Expense ratio
MEXX 1.23%
SOXL 0.75%, better
Fund size
MEXX $15M
SOXL $24.3B
1Y total return
MEXX +22.3%
SOXL +61.4%, better
Yield (12M)
MEXX 1.75%, better
SOXL 0.12%
Holdings
MEXX 10
SOXL 43
Avg volume (30D)
MEXX 12.3K sh
SOXL 70.7M sh, better
NAV per share
MEXX $25.91
SOXL $102.45
52W range

ETF.net Grade

MEXX: Cost 7, Risk 31, Mission not scored, Tradability 25, Holdings not scored, Durability 24. SOXL: Cost 100, Risk 32, Mission not scored, Tradability 79, Holdings not scored, Durability 69.
Pillar letters and Scores for MEXX, SOXL, with each pillar’s weight
PillarMEXXSOXL
Cost30% weightF7A100Higher
Mission25% weightNot scoredNot scored
Risk15% weightD31D32Higher
Tradability15% weightD25A79Higher
Holdings10% weightNot scoredNot scored
Durability5% weightF24B69Higher

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. MEXX and SOXL 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 ›

SOXL ranks 4th 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 5ATMFDirexion Daily 20+ Year Treasury Bull 3X ETFScore 74
  6. Rank 29FYINNDirexion Daily FTSE China Bull 3X SharesScore 19
  7. Rank 30FMEXXDirexion Daily MSCI Mexico Bull 3X ETFScore 18

Our read on each fund

ETF.net Research

MEXXFDirexion Daily MSCI Mexico Bull 3X ETF

SOXLADirexion Daily Semiconductor Bull 3X ETF

In short

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.

SOXL A 3x bet on chip stocks that resets every single day. Direxion launched it in 2010, long before AI made semiconductors the market's main event, and it is now one of the most heavily traded leveraged funds out there.

Stated mandate

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.

SOXL It is designed to deliver a daily result three times the performance of the NYSE Semiconductor Index, before fees and expenses, with the objective applying for a single day.

Why people hold it

  • 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
  • SOXL Cheap for the aisle it sits in: 0.75% net of a waiver through September 1, 2027 (0.91% gross), below the category median and under TQQQ's 0.78% net of a waiver through September 30, 2027.
  • The mandate is mechanical: 300% of the NYSE Semiconductor Index's daily move, before fees and expenses, across roughly 40 chip names. No stock picking, no manager discretion.direxion.com
  • A multi-billion-dollar fund that trades very actively, which matters for an instrument designed to be entered and exited inside a single session.
  • Trading since 2010, through several full chip cycles. That is a long run for a 3x product, and one of the stronger setups in its leveraged peer group.

Worth knowing

  • 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.
  • SOXL The 3x target applies to one day only. Daily reset plus compounding means multi-day results can diverge sharply from 3x the index, and choppy markets erode value.direxion.com
  • Semiconductors already swing hard. Tripling the daily move magnifies down days exactly as much as up days, so losses can pile up fast.
  • Roughly 40 stocks in a single US industry. No diversification cushion here, and the index itself has been renamed once (to the NYSE Semiconductor Index in 2023).sec.gov

Full MEXX profile⁠

Full SOXL profile⁠

MEXX vs SOXL 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.

MEXX vs SOXL Cost

Overpaying MEXX vs SOXL

$7,829

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

  • MEXX 1.23%

    $22,311

  • SOXL 0.75%

    $14,482

$10,000
30 years

Cost over time

  • MEXX 1.23%
  • SOXL 0.75%
  • 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 $22,311SOXL $14,482

Year by year

YearMEXXSOXLOverpaying
10$2,148$1,336$812
20$7,989$5,078$2,911
30$22,311$14,482$7,829

Expense ratio

  • 1.23%MEXX
  • 0.75%SOXL, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

SOXL cheapest of 30 funds

MEXX 28th cheapest of 30 funds

MEXX vs SOXL Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MEXX 1.75%, better
SOXL 0.12%
Payout (12M)
MEXX $0.45
SOXL $0.09
Last payment
MEXX $0.04
SOXL $0.09
Ex-dividend
MEXX Sep 22, 2026
SOXL Sep 22, 2026
Paid on
MEXX Sep 29, 2026
SOXL Sep 29, 2026
Frequency
MEXX Quarterly
SOXL Annual

Distribution history

Per share, 2017 to 2026, same scale for both

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$12017202020232026YTD
SOXLAnnual · 29 paymentsAll SOXL payments⁠
One bar per payment. 29 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.0081; Jun 19, 2018 $0.02; Sep 25, 2018 $0.03; Dec 27, 2018 $0.02; Mar 19, 2019 $0.02; Jun 25, 2019 $0.01; Sep 24, 2019 $0.02; Dec 23, 2019 $0.02; Mar 24, 2020 $0.0053; Jun 23, 2020 $0.0063; Dec 22, 2020 $0.0034; Mar 23, 2021 $0.02; Dec 21, 2021 $0.01; Mar 22, 2022 $0.0072; Jun 22, 2022 $0.02; Sep 20, 2022 $0.04; Dec 20, 2022 $0.04; Mar 21, 2023 $0.03; Jun 21, 2023 $0.04; Sep 19, 2023 $0.03; Dec 21, 2023 $0.06; Mar 19, 2024 $0.04; Jun 25, 2024 $0.15; Sep 24, 2024 $0.06; Dec 23, 2024 $0.08; Mar 25, 2025 $0.06; Jun 24, 2025 $0.07; Sep 23, 2025 $0.01; Sep 22, 2026 $0.09. Use the arrow keys to read each point.$0$12017202020232026YTD

MEXX vs SOXL Risk

Fall from peak · 5 years

  • MEXX
  • SOXL
Oct 29, 2021 to Oct 30, 2026. Worst fall: SOXL −90.5% · Oct 2022. Use the arrow keys to read each point.−100%−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
MEXX 61.6%, betterSOXL 137.2%
Return per unit of riskSharpe ratio, 3 years
MEXX 0.45SOXL 0.90, better
Worst fallMax drawdown, 5 years
MEXX −74.9%, betterSOXL −90.5%
Market sensitivityBeta, 5 years
MEXX 2.29SOXL 7.64

Popular comparisons

  • 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.

  • SOXLAvsTQQQA

    Direxion Daily Semiconductor Bull 3X ETF · ProShares UltraPro QQQ

    Expense ratio
    0.75% · 0.78%
    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.

  • SOXLAvsUDOWA

    Direxion Daily Semiconductor Bull 3X ETF · ProShares UltraPro Dow30

    Expense ratio
    0.75% · 0.94%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • MEXXFvsFASA

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

    Expense ratio
    1.23% · 0.88%
    Category
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  • SOXLAvsFASA

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

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