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MEXX vs UDOW

Direxion Daily MSCI Mexico Bull 3X ETF

MEXXFNYSE Arca

ProShares UltraPro Dow30

UDOWANYSE Arca

Overlap

0.0%by weight

Expense ratio

UDOW −0.29pt a year

MEXX1.23%UDOW0.94%

Avg volume · 30D

UDOW 139.3×the volume

MEXX12.3KUDOW1.72M

5Y return · a year

MEXX +1.1pt

MEXX+11.8%UDOW+10.7%

MEXX vs UDOW Performance

Oct 29, 2021 – Oct 30, 2026

+74.7%MEXX+66.5%UDOW

Oct 29, 2021 to Oct 30, 2026. MEXX +74.7%. UDOW +66.5%. Use the arrow keys to read each point.−50%0%100%150%Oct 2021Apr 2024Oct 2026
Expense ratio
MEXX 1.23%
UDOW 0.94%, better
Fund size
MEXX $15M
UDOW $841M
1Y total return
MEXX +22.3%, better
UDOW +16.0%
Yield (12M)
MEXX 1.75%, better
UDOW 1.06%
Holdings
MEXX 10
UDOW 33
Avg volume (30D)
MEXX 12.3K sh
UDOW 1.72M sh, better
NAV per share
MEXX $25.91
UDOW $65.43
52W range

ETF.net Grade

MEXX: Cost 7, Risk 31, Mission not scored, Tradability 25, Holdings not scored, Durability 24. UDOW: Cost 78, Risk 85, Mission 77, Tradability 89, Holdings 56, Durability 71.
Pillar letters and Scores for MEXX, UDOW, with each pillar’s weight
PillarMEXXUDOW
Cost30% weightF7A78Higher
Mission25% weightNot scoredA77
Risk15% weightD31A85Higher
Tradability15% weightD25A89Higher
Holdings10% weightNot scoredB56
Durability5% weightF24A71Higher

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 UDOW 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 ›

UDOW ranks 2nd 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 29FYINNDirexion Daily FTSE China Bull 3X SharesScore 19
  5. Rank 30FMEXXDirexion Daily MSCI Mexico Bull 3X ETFScore 18

Our read on each fund

ETF.net Research

MEXXFDirexion Daily MSCI Mexico Bull 3X ETF

UDOWAProShares UltraPro Dow30

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.

UDOW The only 3x daily play on the Dow: 30 blue-chip names, price-weighted, reset every session. It is the industrial cousin of the semis-and-Nasdaq crowd that fills the leveraged aisle, and it has run since 2010.

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.

UDOW The Fund seeks daily results equal to three times the daily performance of the Dow Jones Industrial Average before fees and expenses. It uses equity securities, derivatives, and money-market instruments to pursue that daily leveraged exposure.

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
  • UDOW ProShares calls UDOW the only ETF targeting 3x the daily move of the Dow. In a 3x aisle crowded with semiconductor and Nasdaq bets, the blue-chip index has exactly one lever.proshares.com
  • The Dow is a price-weighted measure of 30 US blue chips, so the exposure leans industrials, financials and health care instead of megacap tech.spglobal.com
  • Trading since 2010, it has run through several full market cycles and stays actively traded, which matters when the holding period is hours rather than years.
  • Among the stronger implementations in its 3x bull peer group, it stays close to its stated daily target and trades with the depth short-horizon traders look for.

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.
  • UDOW The 3x target resets every day. Over longer stretches, compounding and volatility can push results away from 3x the index move, as the prospectus spells out.proshares.com
  • At 0.94% with no waiver propping it up, cost sits near the typical 3x bull fund; TQQQ charges 0.78% net of a waiver through September 30, 2027.
  • Exposure is built with derivatives and cash instruments alongside stocks, so counterparty and derivative risk ride along with the market call.proshares.com

Full MEXX profile⁠

Full UDOW profile⁠

MEXX vs UDOW Holdings

How MEXX and UDOW differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of MEXX and 0.0% of UDOW.

Level by level

  • Countryby domicile0.0%
  • Holdings0 in both0.0%
  • Sector10 Sectors46.4%
  • Asset classEquity100%

Sector

Sector weights in MEXX and UDOW, widest gap first
SectorMore in MEXXMore in UDOW
MaterialsMEXX +22.8 points
Consumer StaplesMEXX +20.8 points
TechnologyUDOW +19.1 points
Health CareUDOW +13.6 points
Consumer DiscretionaryUDOW +8.1 points
FinancialsUDOW +6.7 points
Real EstateMEXX +6.5 points
IndustrialsUDOW +3.8 points
CommunicationMEXX +3.6 points
EnergyUDOW +2.4 points

Country, concentration and asset class

Country by domicile

Country weights in MEXX and UDOW, widest gap first
CountryMore in MEXXMore in UDOW
MexicoMEXX +100.0 points
United StatesUDOW +100.0 points

Outside the US: MEXX 0% developed, 100% emerging.

Concentration

Weight in the 10 largest Holdings

  • MEXX100.0%
  • UDOW68.0%

Securities held

  • MEXX3
  • UDOW32

Asset class

MEXX
Equity
UDOW
Equity

Holdings

  • Only in MEXX3
  • In both0
  • Only in UDOW32

Only in MEXX

3 securities, 14.3% of MEXX by weight

  • Ishares Msci Mexico Etf11.34%
  • Goldman Sachs Fin Gov 465 Institut2.85%
  • Goldman Finl Sq Trsry Inst 5060.15%

Only in UDOW

32 securities, 86.2% of UDOW by weight

  • Proshares Genius Mny Mkt Etf26.20%
  • Goldman Sachs Group Inc5.73%
  • TREASURY BILL, 0%, due 2026-12-294.14%

Weight gaps

MEXX and UDOW share no securities.

All 9 MEXX holdings⁠All 46 UDOW 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 UDOW Cost

Overpaying MEXX vs UDOW

$4,607

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

  • MEXX 1.23%

    $22,311

  • UDOW 0.94%

    $17,704

$10,000
30 years

Cost over time

  • MEXX 1.23%
  • UDOW 0.94%
  • 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 $22,311UDOW $17,704

Year by year

YearMEXXUDOWOverpaying
10$2,148$1,661$487
20$7,989$6,260$1,729
30$22,311$17,704$4,607

Expense ratio

  • 1.23%MEXX
  • 0.94%UDOW, cheaper
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

UDOW 7th cheapest of 30 funds

MEXX 28th cheapest of 30 funds

MEXX vs UDOW Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
MEXX 1.75%, better
UDOW 1.06%
Payout (12M)
MEXX $0.45
UDOW $0.69
Last payment
MEXX $0.04
UDOW $0.15
Ex-dividend
MEXX Sep 22, 2026
UDOW Sep 23, 2026
Paid on
MEXX Sep 29, 2026
UDOW Sep 29, 2026
Frequency
MEXX Quarterly
UDOW Quarterly

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
UDOWQuarterly · 15 paymentsAll UDOW payments⁠
One bar per payment. 15 payments from 2017 to 2026 YTD. Mar 22, 2017 $0.007; Dec 26, 2017 $0.02; Dec 24, 2019 $0.07; Dec 23, 2020 $0.03; Dec 22, 2022 $0.09; Mar 20, 2024 $0.07; Jun 26, 2024 $0.16; Dec 23, 2024 $0.07; Mar 26, 2025 $0.16; Jun 25, 2025 $0.22; Sep 24, 2025 $0.23; Dec 24, 2025 $0.20; Mar 25, 2026 $0.14; Jun 24, 2026 $0.21; Sep 23, 2026 $0.15. Use the arrow keys to read each point.$0$12017202020232026YTD

MEXX vs UDOW Risk

Fall from peak · 5 years

  • MEXX
  • UDOW
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
MEXX 61.6%UDOW 37.2%, better
Return per unit of riskSharpe ratio, 3 years
MEXX 0.45UDOW 0.95, better
Worst fallMax drawdown, 5 years
MEXX −74.9%UDOW −56.0%, better
Market sensitivityBeta, 5 years
MEXX 2.29UDOW 2.62

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.

  • UDOWAvsTQQQA

    ProShares UltraPro Dow30 · ProShares UltraPro QQQ

    Expense ratio
    0.94% · 0.78%
    Category
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  • MEXXFvsFASA

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    Expense ratio
    1.23% · 0.88%
    Category
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  • UDOWAvsFASA

    ProShares UltraPro Dow30 · Direxion Daily Financial Bull 3X ETF

    Expense ratio
    0.94% · 0.88%
    Category
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  • MEXXFvsSOXLA

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    Expense ratio
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  • UDOWAvsSOXLA

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    Expense ratio
    0.94% · 0.75%
    Category
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