DKNX vs. KORU
DKNX (Defiance Daily Target 2X Long DKNG ETF) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds. DKNX is actively managed, while KORU is passively managed. At a 0.07 correlation, their price movements are largely independent. Both charge a 1.29% expense ratio.
Performance
DKNX vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, DKNX achieves a -57.81% return, which is significantly lower than KORU's 235.99% return.
DKNX
- 1D
- -3.93%
- 1M
- 4.37%
- YTD
- -57.81%
- 6M
- -57.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KORU
- 1D
- -41.89%
- 1M
- -27.29%
- YTD
- 235.99%
- 6M
- 287.50%
- 1Y
- 886.26%
- 3Y*
- 84.33%
- 5Y*
- 7.86%
- 10Y*
- 11.01%
DKNX vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DKNX Defiance Daily Target 2X Long DKNG ETF | -57.81% | -50.48% |
KORU Direxion Daily South Korea Bull 3X Shares | 235.99% | 122.17% |
Correlation
The correlation between DKNX and KORU is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025 | 0.07 |
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Return for Risk
DKNX vs. KORU — Risk / Return Rank
DKNX
KORU
DKNX vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long DKNG ETF (DKNX) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DKNX | KORU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 6.79 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.09 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.14 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.88 | 0.05 | -0.93 |
Drawdowns
DKNX vs. KORU - Drawdown Comparison
The maximum DKNX drawdown since its inception was -86.10%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for DKNX and KORU.
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Drawdown Indicators
| DKNX | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.10% | -95.79% | +9.69% |
Max Drawdown (1Y)Largest decline over 1 year | — | -61.39% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -73.71% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -93.34% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -95.79% | — |
Current DrawdownCurrent decline from peak | -81.39% | -51.77% | -29.62% |
Average DrawdownAverage peak-to-trough decline | -58.12% | -57.52% | -0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 19.63% | — |
Volatility
DKNX vs. KORU - Volatility Comparison
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Volatility by Period
| DKNX | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 81.14% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 124.83% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 96.13% | 131.98% | -35.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.13% | 87.31% | +8.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.13% | 81.08% | +15.05% |
DKNX vs. KORU - Expense Ratio Comparison
Both DKNX and KORU have an expense ratio of 1.29%.
Dividends
DKNX vs. KORU - Dividend Comparison
DKNX has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.27%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DKNX Defiance Daily Target 2X Long DKNG ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KORU Direxion Daily South Korea Bull 3X Shares | 0.27% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
Frequently Asked Questions
DKNX and KORU have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 1.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
DKNX and KORU have the same expense ratio: 1.29% per year.
KORU has the higher dividend yield at 0.27%, compared with 0.00% for DKNX.
They also come from different issuers: Defiance and Direxion.
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