3KOR.L vs. FLRK.L

Last updated Jul 16, 2026

3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) and FLRK.L (Franklin FTSE Korea UCITS ETF) are both South Korea Equities funds. 3KOR.L is actively managed, while FLRK.L is passively managed. Over the past 3 years, 3KOR.L returned 51.05%/yr vs 40.51%/yr for FLRK.L. Their correlation of 0.93 suggests significant overlap in exposure. 3KOR.L charges 0.75%/yr vs 0.09%/yr for FLRK.L.

Performance

3KOR.L vs. FLRK.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) and Franklin FTSE Korea UCITS ETF (FLRK.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

3KOR.L is traded in USD, while FLRK.L is traded in GBP. To make them comparable, the FLRK.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, 3KOR.L achieves a 125.40% return, which is significantly higher than FLRK.L's 78.92% return.

3KOR.L

• 1D: -10.28%
• 1M: -56.04%
• 6M: 67.72%
• YTD: 125.40%
• 1Y: 380.55%
• 3Y*: 51.05%
• 5Y*: —
• 10Y*: —

FLRK.L

• 1D: -2.92%
• 1M: -17.78%
• 6M: 60.84%
• YTD: 78.92%
• 1Y: 146.52%
• 3Y*: 40.51%
• 5Y*: 16.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

3KOR.L vs. FLRK.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	125.40%	356.68%	-62.34%	15.02%	-56.31%
FLRK.L Franklin FTSE Korea UCITS ETF	78.92%	95.86%	-21.88%	20.18%	-14.59%

Correlation

The correlation between 3KOR.L and FLRK.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.97
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022	0.93

The correlation between 3KOR.L and FLRK.L has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.

3KOR.L vs. FLRK.L - Sectors Allocation Comparison

Sectors	3KOR.L	FLRK.L
Technology	63.4%	68.2%
Industrials	15.2%	12.6%
Financial Services	7.4%	6.4%
Consumer Cyclical	5.5%	5.4%
Healthcare	2.5%	2.1%
Communication Services	2.1%	1.7%
Basic Materials	1.4%	1.6%
Consumer Defensive	1.3%	1.2%
Energy	0.9%	0.6%
Utilities	0.3%	0.3%
Real Estate	-	-

Return for Risk

3KOR.L vs. FLRK.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

3KOR.L

3KOR.L Risk / Return Rank: 88
3KOR.L Sharpe Ratio Rank: 95
3KOR.L Sortino Ratio Rank: 78
3KOR.L Omega Ratio Rank: 82
3KOR.L Calmar Ratio Rank: 95
3KOR.L Martin Ratio Rank: 90

FLRK.L

FLRK.L Risk / Return Rank: 93
FLRK.L Sharpe Ratio Rank: 96
FLRK.L Sortino Ratio Rank: 90
FLRK.L Omega Ratio Rank: 92
FLRK.L Calmar Ratio Rank: 95
FLRK.L Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

3KOR.L vs. FLRK.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) and Franklin FTSE Korea UCITS ETF (FLRK.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	3KOR.L	FLRK.L	Difference
Sharpe ratio: Return per unit of total volatility	2.91	3.23	-0.31
Sortino ratio: Return per unit of downside risk	2.80	3.37	-0.57
Omega ratio: Gain probability vs. loss probability	1.39	1.48	-0.09
Calmar ratio: Return relative to maximum drawdown	5.85	6.41	-0.56
Martin ratio: Return relative to average drawdown	15.87	19.42	-3.55

3KOR.L vs. FLRK.L - Sharpe Ratio Comparison

The current 3KOR.L Sharpe Ratio is 2.91, which is comparable to the FLRK.L Sharpe Ratio of 3.23. The chart below compares the historical Sharpe Ratios of 3KOR.L and FLRK.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

3KOR.L vs. FLRK.L - Drawdown Comparison

The maximum 3KOR.L drawdown since its inception was -85.50%, which is greater than FLRK.L's maximum drawdown of -49.35%. Use the drawdown chart below to compare losses from any high point for 3KOR.L and FLRK.L.

Drawdown Indicators

	3KOR.L	FLRK.L	Difference
Max Drawdown Largest peak-to-trough decline	-85.50%	-49.35%	-36.15%
Max Drawdown (1Y) Largest decline over 1 year	-64.52%	-22.71%	-41.81%
Max Drawdown (3Y) Largest decline over 3 years	-75.07%	-34.32%	-40.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-46.97%	—
Current Drawdown Current decline from peak	-64.52%	-22.15%	-42.37%
Average Drawdown Average peak-to-trough decline	-52.43%	-21.91%	-30.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.84%	7.51%	+16.33%

Volatility

3KOR.L vs. FLRK.L - Volatility Comparison

Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a higher volatility of 61.31% compared to Franklin FTSE Korea UCITS ETF (FLRK.L) at 20.49%. This indicates that 3KOR.L's price experiences larger fluctuations and is considered to be riskier than FLRK.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	3KOR.L	FLRK.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	61.31%	20.49%	+40.82%
Volatility (6M) Calculated over the trailing 6-month period	120.85%	41.59%	+79.26%
Volatility (1Y) Calculated over the trailing 1-year period	129.62%	45.12%	+84.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	88.53%	32.82%	+55.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	88.53%	32.65%	+55.88%

3KOR.L vs. FLRK.L - Expense Ratio Comparison

3KOR.L has a 0.75% expense ratio, which is higher than FLRK.L's 0.09% expense ratio.

Dividends

3KOR.L vs. FLRK.L - Dividend Comparison

Neither 3KOR.L nor FLRK.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both 3KOR.L and FLRK.L in my portfolio?

With a correlation of 0.97, 3KOR.L and FLRK.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, 3KOR.L or FLRK.L?

On fees, FLRK.L is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, 3KOR.L or FLRK.L?

FLRK.L is cheaper with a 0.09% expense ratio, compared with 0.75% for 3KOR.L.

What is the main difference between 3KOR.L and FLRK.L?

They also come from different issuers: Leverage Shares and Franklin Templeton. Their fees differ too: 0.75% for 3KOR.L and 0.09% for FLRK.L.