CWVX vs. KORU

Last updated Jul 14, 2026

CWVX (Tradr 2X Long CRWV Daily ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - CWVX is a Leveraged Equities fund actively managed by Tradr, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. CWVX is actively managed, while KORU is passively managed. Over the past year, CWVX returned -82.51% vs 413.07% for KORU. At a 0.45 correlation, their price movements are largely independent. CWVX charges 1.30%/yr vs 1.32%/yr for KORU.

Performance

CWVX vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long CRWV Daily ETF (CWVX) and Direxion Daily MSCI South Korea Bull 3X Shares (KORU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CWVX achieves a -19.20% return, which is significantly lower than KORU's 130.89% return.

CWVX

• 1D: -12.22%
• 1M: -36.09%
• 6M: -47.33%
• YTD: -19.20%
• 1Y: -82.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -24.74%
• 1M: -49.18%
• 6M: 66.57%
• YTD: 130.89%
• 1Y: 413.07%
• 3Y*: 60.31%
• 5Y*: 1.85%
• 10Y*: 6.31%

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

CWVX vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
CWVX Tradr 2X Long CRWV Daily ETF	-19.20%	-81.40%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	130.89%	116.73%

Correlation

The correlation between CWVX and KORU is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.45

Return for Risk

CWVX vs. KORU — Risk / Return Rank

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

CWVX

CWVX Risk / Return Rank: 5
CWVX Sharpe Ratio Rank: 5
CWVX Sortino Ratio Rank: 8
CWVX Omega Ratio Rank: 8
CWVX Calmar Ratio Rank: 1
CWVX Martin Ratio Rank: 3

KORU

KORU Risk / Return Rank: 89
KORU Sharpe Ratio Rank: 94
KORU Sortino Ratio Rank: 79
KORU Omega Ratio Rank: 85
KORU Calmar Ratio Rank: 95
KORU Martin Ratio Rank: 92

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.

CWVX vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long CRWV Daily ETF (CWVX) 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.

	CWVX	KORU	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	2.78	-3.22
Sortino ratio: Return per unit of downside risk	0.03	2.78	-2.74
Omega ratio: Gain probability vs. loss probability	1.00	1.40	-0.40
Calmar ratio: Return relative to maximum drawdown	-0.93	6.23	-7.15
Martin ratio: Return relative to average drawdown	-1.19	17.42	-18.61

CWVX vs. KORU - Sharpe Ratio Comparison

The current CWVX Sharpe Ratio is -0.44, which is lower than the KORU Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of CWVX and KORU, 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

CWVX vs. KORU - Drawdown Comparison

The maximum CWVX drawdown since its inception was -89.29%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for CWVX and KORU.

Drawdown Indicators

	CWVX	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-89.29%	-95.79%	+6.50%
Max Drawdown (1Y) Largest decline over 1 year	-89.29%	-66.86%	-22.43%
Max Drawdown (3Y) Largest decline over 3 years	—	-73.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-87.81%	-66.86%	-20.95%
Average Drawdown Average peak-to-trough decline	-66.04%	-57.39%	-8.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	69.39%	23.85%	+45.54%

Volatility

CWVX vs. KORU - Volatility Comparison

The current volatility for Tradr 2X Long CRWV Daily ETF (CWVX) is 52.29%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 78.13%. This indicates that CWVX 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.

Volatility by Period

	CWVX	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	52.29%	78.13%	-25.84%
Volatility (6M) Calculated over the trailing 6-month period	133.72%	145.83%	-12.11%
Volatility (1Y) Calculated over the trailing 1-year period	188.15%	150.12%	+38.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	188.30%	93.49%	+94.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	188.30%	84.08%	+104.22%

CWVX vs. KORU - Expense Ratio Comparison

CWVX has a 1.30% expense ratio, which is lower than KORU's 1.32% expense ratio.

Dividends

CWVX vs. KORU - Dividend Comparison

CWVX's dividend yield for the trailing twelve months is around 2.60%, more than KORU's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
CWVX Tradr 2X Long CRWV Daily ETF	2.60%	2.10%	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	0.38%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%

Frequently Asked Questions

Can I hold both CWVX and KORU in my portfolio?

CWVX and KORU have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CWVX or KORU?

KORU has higher volatility (78.13%) compared to CWVX (52.29%). In terms of maximum drawdown, CWVX dropped -89.29% vs KORU's -95.79%.

Which ETF is better, CWVX or KORU?

On 1-year performance, KORU leads with 413.07% vs -82.51% for CWVX. On fees, CWVX is cheaper at 1.30% per year. On volatility, CWVX has been the lower-risk option at 52.29%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CWVX or KORU?

Over the 1-year period, KORU has performed better with a 413.07% return vs -82.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CWVX or KORU?

CWVX is cheaper with a 1.30% expense ratio, compared with 1.32% for KORU.

Which ETF pays a higher dividend yield, CWVX or KORU?

CWVX has the higher dividend yield at 2.60%, compared with 0.38% for KORU.

What is the main difference between CWVX and KORU?

CWVX is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: Tradr and Direxion. Their fees differ too: 1.30% for CWVX and 1.32% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (2.78 vs -0.44), 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.