CARU vs. KORU
CARU (Max Auto Industry 3X Leveraged ETN) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - CARU is a Leveraged Equities fund tracking the Prime Auto Industry Index - Benchmark TR Net (--300%), while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. Both are passively managed. Over the past 3 years, CARU returned -13.48%/yr vs 42.96%/yr for KORU. Their 0.40 correlation means their historical movements had little consistent relationship. CARU charges 0.95%/yr vs 1.32%/yr for KORU.
Performance
CARU vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, CARU achieves a -27.45% return, which is significantly lower than KORU's 65.13% return.
CARU
- 1D
- -3.38%
- 1M
- -7.81%
- 6M
- -26.28%
- YTD
- -27.45%
- 1Y
- -15.02%
- 3Y*
- -13.48%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -4.50%
KORU
- 1D
- -7.92%
- 1M
- -44.63%
- 6M
- -13.80%
- YTD
- 65.13%
- 1Y
- 302.72%
- 3Y*
- 42.96%
- 5Y*
- -3.04%
- 10Y*
- 2.30%
- ALL TIME*
- -1.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $54.57K | $33.91K | $20.26K | |
| $685.69M | $790.89M | $775.54M |
CARU vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CARU Max Auto Industry 3X Leveraged ETN | -27.45% | 7.29% | 23.44% | -9.74% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 65.13% | 432.73% | -62.18% | -1.61% |
Correlation
The correlation between CARU and KORU is 0.39, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.39 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2023 | 0.40 |
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Return for Risk
CARU vs. KORU — Risk / Return Rank
CARU
KORU
CARU vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Max Auto Industry 3X Leveraged ETN (CARU) and Direxion Daily MSCI 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.
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.
| CARU | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.35 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.34 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.32 | -3.69 |
| Martin ratioReturn relative to average drawdown | -0.67 | 9.21 | -9.88 |
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Drawdowns
CARU vs. KORU - Drawdown Comparison
The maximum CARU drawdown since its inception was -66.44%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for CARU and KORU.
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Drawdown Indicators
| CARU | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.44% | -95.79% | +29.35% |
Max Drawdown (1Y)Largest decline over 1 year | -50.87% | -80.90% | +30.03% |
Max Drawdown (3Y)Largest decline over 3 years | -59.03% | -80.90% | +21.87% |
Max Drawdown (5Y)Largest decline over 5 years | — | -92.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.79% | — |
Current DrawdownCurrent decline from peak | -42.71% | -76.30% | +33.59% |
Average DrawdownAverage peak-to-trough decline | -36.14% | -57.44% | +21.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 28.21% | 29.12% | -0.91% |
Volatility
CARU vs. KORU - Volatility Comparison
The current volatility for Max Auto Industry 3X Leveraged ETN (CARU) is 23.56%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 64.87%. This indicates that CARU 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
| CARU | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 23.56% | 64.87% | -41.31% |
Volatility (6M)Calculated over the trailing 6-month period | 54.90% | 154.02% | -99.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 71.83% | 159.66% | -87.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 80.20% | 96.56% | -16.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 80.20% | 85.82% | -5.62% |
CARU vs. KORU - Expense Ratio Comparison
CARU has a 0.95% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
CARU vs. KORU - Dividend Comparison
CARU has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.53%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
CARU Max Auto Industry 3X Leveraged ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 0.53% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
Frequently Asked Questions
CARU and KORU have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (64.87%) compared to CARU (23.56%). In terms of maximum drawdown, CARU dropped -66.44% vs KORU's -95.79%.
On 3-year performance, KORU leads with 42.96% vs -13.48% for CARU. On fees, CARU is cheaper at 0.95% per year. On volatility, CARU has been the lower-risk option at 23.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, KORU has performed better with a 42.96% return vs -13.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CARU is cheaper with a 0.95% expense ratio, compared with 1.32% for KORU.
KORU has the higher dividend yield at 0.53%, compared with 0.00% for CARU.
CARU is categorized as Leveraged Equities, while KORU is South Korea Equities. CARU tracks Prime Auto Industry Index - Benchmark TR Net (--300%), while KORU tracks MSCI Korea 25/50 Index. They also come from different issuers: Max and Direxion. Their fees differ too: 0.95% for CARU and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (1.68 vs -0.26), 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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