BZQ vs. KORU
BZQ (ProShares UltraShort MSCI Brazil Capped) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds - BZQ tracks the MSCI Brazil 25-50 (-200%) while KORU tracks the MSCI Korea 25-50 Index. Both are passively managed. Over the past 10 years, BZQ returned -36.94%/yr vs 17.48%/yr for KORU. At a correlation of -0.47, they often move in opposite directions. BZQ charges 0.95%/yr vs 1.29%/yr for KORU.
Performance
BZQ vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, BZQ achieves a -22.71% return, which is significantly lower than KORU's 478.17% return. Over the past 10 years, BZQ has underperformed KORU with an annualized return of -36.94%, while KORU has yielded a comparatively higher 17.48% annualized return.
BZQ
- 1D
- -0.71%
- 1M
- 28.30%
- YTD
- -22.71%
- 6M
- -15.11%
- 1Y
- -49.29%
- 3Y*
- -24.58%
- 5Y*
- -22.10%
- 10Y*
- -36.94%
KORU
- 1D
- -12.29%
- 1M
- 43.43%
- YTD
- 478.17%
- 6M
- 617.53%
- 1Y
- 1,709.41%
- 3Y*
- 122.40%
- 5Y*
- 20.22%
- 10Y*
- 17.48%
BZQ vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | -22.71% | -57.90% | 98.84% | -49.11% | -44.20% | 6.45% | -52.88% | -48.20% | -21.52% | -49.73% |
KORU Direxion Daily South Korea Bull 3X Shares | 478.17% | 432.73% | -62.18% | 28.61% | -70.16% | -33.86% | 48.78% | 5.47% | -59.89% | 167.08% |
Correlation
The correlation between BZQ and KORU is -0.48, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.46 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2013 | -0.47 |
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Return for Risk
BZQ vs. KORU — Risk / Return Rank
BZQ
KORU
BZQ vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort MSCI Brazil Capped (BZQ) and Direxion Daily South Korea Bull 3X Shares (KORU). 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.
| BZQ | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.88 | ||
| Sortino ratioReturn per unit of downside risk | -6.41 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.67 | -0.84 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 28.19 | -28.94 |
| Martin ratioReturn relative to average drawdown | -1.23 | 89.21 | -90.44 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BZQ | KORU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.00 | 13.88 | -14.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.40 | 0.24 | -0.64 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.55 | 0.22 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.45 | 0.11 | -0.56 |
Drawdowns
BZQ vs. KORU - Drawdown Comparison
The maximum BZQ drawdown since its inception was -99.82%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for BZQ and KORU.
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Drawdown Indicators
| BZQ | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.82% | -95.79% | -4.03% |
Max Drawdown (1Y)Largest decline over 1 year | -65.20% | -61.39% | -3.81% |
Max Drawdown (3Y)Largest decline over 3 years | -77.31% | -73.71% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -88.65% | -93.35% | +4.70% |
Max Drawdown (10Y)Largest decline over 10 years | -99.33% | -95.79% | -3.54% |
Current DrawdownCurrent decline from peak | -99.75% | -17.01% | -82.74% |
Average DrawdownAverage peak-to-trough decline | -84.54% | -57.52% | -27.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.12% | 19.36% | +20.76% |
Volatility
BZQ vs. KORU - Volatility Comparison
The current volatility for ProShares UltraShort MSCI Brazil Capped (BZQ) is 15.01%, while Direxion Daily South Korea Bull 3X Shares (KORU) has a volatility of 60.60%. This indicates that BZQ experiences smaller price fluctuations and is considered to be less risky than KORU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BZQ | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.01% | 60.60% | -45.59% |
Volatility (6M)Calculated over the trailing 6-month period | 41.06% | 111.66% | -70.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.61% | 124.91% | -75.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.23% | 85.28% | -30.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.92% | 79.99% | -13.07% |
BZQ vs. KORU - Expense Ratio Comparison
BZQ has a 0.95% expense ratio, which is lower than KORU's 1.29% expense ratio.
Dividends
BZQ vs. KORU - Dividend Comparison
BZQ's dividend yield for the trailing twelve months is around 7.14%, more than KORU's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BZQ ProShares UltraShort MSCI Brazil Capped | 7.14% | 5.96% | 3.26% | 4.51% | 0.22% | 0.00% | 0.21% | 2.13% | 0.28% | 0.00% |
KORU Direxion Daily South Korea Bull 3X Shares | 0.16% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
Frequently Asked Questions
BZQ and KORU have a correlation of -0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (60.60%) compared to BZQ (15.01%). In terms of maximum drawdown, BZQ dropped -99.82% vs KORU's -95.79%.
On 10-year performance, KORU leads with 17.48% vs -36.94% for BZQ. On fees, BZQ is cheaper at 0.95% per year. On volatility, BZQ has been the lower-risk option at 15.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KORU has performed better with a 17.48% return vs -36.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BZQ is cheaper with a 0.95% expense ratio, compared with 1.29% for KORU.
BZQ has the higher dividend yield at 7.14%, compared with 0.16% for KORU.
BZQ tracks MSCI Brazil 25-50 (-200%), while KORU tracks MSCI Korea 25-50 Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for BZQ and 1.29% for KORU.
KORU currently has the higher Sharpe Ratio (13.88 vs -1.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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