3KOR.L vs. KRWL.L
3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) and KRWL.L (Lyxor MSCI Korea UCITS ETF - Acc) are both South Korea Equities funds. 3KOR.L is actively managed, while KRWL.L is passively managed. Over the past 3 years, 3KOR.L returned 51.05%/yr vs 39.26%/yr for KRWL.L. Their correlation of 0.94 suggests significant overlap in exposure. 3KOR.L charges 0.75%/yr vs 0.45%/yr for KRWL.L.
Performance
3KOR.L vs. KRWL.L - Performance Comparison
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Different Trading Currencies
3KOR.L is traded in USD, while KRWL.L is traded in GBp. To make them comparable, the KRWL.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 KRWL.L's 73.32% return.
3KOR.L
- 1D
- -10.28%
- 1M
- -56.04%
- 6M
- 67.72%
- YTD
- 125.40%
- 1Y
- 380.55%
- 3Y*
- 51.05%
- 5Y*
- —
- 10Y*
- —
KRWL.L
- 1D
- -2.86%
- 1M
- -18.89%
- 6M
- 55.33%
- YTD
- 73.32%
- 1Y
- 144.88%
- 3Y*
- 39.26%
- 5Y*
- 15.32%
- 10Y*
- 14.47%
3KOR.L vs. KRWL.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% |
KRWL.L Lyxor MSCI Korea UCITS ETF - Acc | 73.32% | 100.96% | -22.58% | 19.00% | -14.89% |
Correlation
The correlation between 3KOR.L and KRWL.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 | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022 | 0.95 |
The correlation between 3KOR.L and KRWL.L has been stable across timeframes, ranging from 0.94 to 0.97 - a consistent structural relationship.
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Return for Risk
3KOR.L vs. KRWL.L — Risk / Return Rank
3KOR.L
KRWL.L
3KOR.L vs. KRWL.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 Lyxor MSCI Korea UCITS ETF - Acc (KRWL.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 | KRWL.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.48 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.85 | 6.24 | -0.39 |
| Martin ratioReturn relative to average drawdown | 15.87 | 19.09 | -3.22 |
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Drawdowns
3KOR.L vs. KRWL.L - Drawdown Comparison
The maximum 3KOR.L drawdown since its inception was -85.50%, smaller than the maximum KRWL.L drawdown of -99.00%. Use the drawdown chart below to compare losses from any high point for 3KOR.L and KRWL.L.
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Drawdown Indicators
| 3KOR.L | KRWL.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.50% | -99.00% | +13.50% |
Max Drawdown (1Y)Largest decline over 1 year | -64.52% | -23.08% | -41.44% |
Max Drawdown (3Y)Largest decline over 3 years | -75.07% | -28.82% | -46.25% |
Max Drawdown (5Y)Largest decline over 5 years | — | -47.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -99.00% | — |
Current DrawdownCurrent decline from peak | -64.52% | -22.10% | -42.42% |
Average DrawdownAverage peak-to-trough decline | -52.43% | -22.49% | -29.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.84% | 7.56% | +16.28% |
Volatility
3KOR.L vs. KRWL.L - Volatility Comparison
Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a higher volatility of 61.31% compared to Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) at 20.26%. This indicates that 3KOR.L's price experiences larger fluctuations and is considered to be riskier than KRWL.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3KOR.L | KRWL.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 61.31% | 20.26% | +41.05% |
Volatility (6M)Calculated over the trailing 6-month period | 120.85% | 40.64% | +80.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 129.62% | 44.51% | +85.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 88.53% | 29.38% | +59.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 88.53% | 2,796.09% | -2,707.56% |
3KOR.L vs. KRWL.L - Expense Ratio Comparison
3KOR.L has a 0.75% expense ratio, which is higher than KRWL.L's 0.45% expense ratio.
Dividends
3KOR.L vs. KRWL.L - Dividend Comparison
Neither 3KOR.L nor KRWL.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, 3KOR.L and KRWL.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.
On fees, KRWL.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KRWL.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3KOR.L.
They also come from different issuers: Leverage Shares and Amundi. Their fees differ too: 0.75% for 3KOR.L and 0.45% for KRWL.L.
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