DLLL vs. KORU

Last updated Jun 23, 2026

DLLL (GraniteShares 2x Long DELL Daily ETF) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds - DLLL tracks the Dell Technologies Inc. (DELL) while KORU tracks the MSCI Korea 25-50 Index. Both are passively managed. Over the past year, DLLL returned 711.11% vs 1446.22% for KORU. At a 0.42 correlation, their price movements are largely independent. DLLL charges 1.50%/yr vs 1.29%/yr for KORU.

Performance

DLLL vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long DELL Daily ETF (DLLL) and Direxion Daily 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, DLLL achieves a 727.68% return, which is significantly higher than KORU's 499.60% return.

DLLL

• 1D: 4.40%
• 1M: 81.72%
• YTD: 727.68%
• 6M: 718.40%
• 1Y: 711.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -0.19%
• 1M: 39.50%
• YTD: 499.60%
• 6M: 608.55%
• 1Y: 1,446.22%
• 3Y*: 132.53%
• 5Y*: 22.39%
• 10Y*: 19.66%

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

DLLL vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
DLLL GraniteShares 2x Long DELL Daily ETF	727.68%	-3.72%
KORU Direxion Daily South Korea Bull 3X Shares	499.60%	333.88%

Correlation

The correlation between DLLL and KORU is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Feb 13, 2025	0.42

DLLL vs. KORU - Sectors Allocation Comparison

Sectors	DLLL	KORU
Technology	66.6%	63.4%
Basic Materials	-	1.4%
Communication Services	-	2.1%
Consumer Cyclical	-	5.5%
Consumer Defensive	-	1.3%
Energy	-	0.9%
Financial Services	-	7.4%
Healthcare	-	2.5%
Industrials	-	15.2%
Real Estate	-	-
Utilities	-	0.3%

Return for Risk

DLLL vs. KORU — Risk / Return Rank

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

DLLL

DLLL Risk / Return Rank: 95
DLLL Sharpe Ratio Rank: 98
DLLL Sortino Ratio Rank: 93
DLLL Omega Ratio Rank: 89
DLLL Calmar Ratio Rank: 98
DLLL Martin Ratio Rank: 94

KORU

KORU Risk / Return Rank: 96
KORU Sharpe Ratio Rank: 99
KORU Sortino Ratio Rank: 93
KORU Omega Ratio Rank: 93
KORU Calmar Ratio Rank: 99
KORU Martin Ratio Rank: 98

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.

DLLL vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long DELL Daily ETF (DLLL) 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.

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.

	DLLL	KORU	Difference
Sharpe ratio: Return per unit of total volatility	5.48	10.51	-5.02
Sortino ratio: Return per unit of downside risk	4.44	4.29	+0.15
Omega ratio: Gain probability vs. loss probability	1.55	1.62	-0.08
Calmar ratio: Return relative to maximum drawdown	12.55	23.83	-11.28
Martin ratio: Return relative to average drawdown	25.57	70.47	-44.90

DLLL vs. KORU - Sharpe Ratio Comparison

The current DLLL Sharpe Ratio is 5.48, which is lower than the KORU Sharpe Ratio of 10.51. The chart below compares the historical Sharpe Ratios of DLLL 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

DLLL vs. KORU - Drawdown Comparison

The maximum DLLL drawdown since its inception was -68.58%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for DLLL and KORU.

Drawdown Indicators

	DLLL	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-68.58%	-95.79%	+27.21%
Max Drawdown (1Y) Largest decline over 1 year	-57.19%	-61.39%	+4.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-73.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-93.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-21.71%	-13.94%	-7.77%
Average Drawdown Average peak-to-trough decline	-25.88%	-57.42%	+31.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	28.02%	20.72%	+7.30%

Volatility

DLLL vs. KORU - Volatility Comparison

The current volatility for GraniteShares 2x Long DELL Daily ETF (DLLL) is 66.98%, while Direxion Daily South Korea Bull 3X Shares (KORU) has a volatility of 80.74%. This indicates that DLLL 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

	DLLL	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.98%	80.74%	-13.76%
Volatility (6M) Calculated over the trailing 6-month period	103.02%	130.90%	-27.88%
Volatility (1Y) Calculated over the trailing 1-year period	131.23%	139.56%	-8.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.83%	89.97%	+39.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.83%	82.47%	+47.36%

DLLL vs. KORU - Expense Ratio Comparison

DLLL has a 1.50% expense ratio, which is higher than KORU's 1.29% expense ratio.

Dividends

DLLL vs. KORU - Dividend Comparison

DLLL has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.15%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
DLLL GraniteShares 2x Long DELL Daily 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	0.15%	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 DLLL and KORU in my portfolio?

DLLL 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.

Which is riskier, DLLL or KORU?

KORU has higher volatility (80.74%) compared to DLLL (66.98%). In terms of maximum drawdown, DLLL dropped -68.58% vs KORU's -95.79%.

Which ETF is better, DLLL or KORU?

On 1-year performance, KORU leads with 1446.22% vs 711.11% for DLLL. On fees, KORU is cheaper at 1.29% per year. On volatility, DLLL has been the lower-risk option at 66.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DLLL or KORU?

Over the 1-year period, KORU has performed better with a 1446.22% return vs 711.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DLLL or KORU?

KORU is cheaper with a 1.29% expense ratio, compared with 1.50% for DLLL.

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

KORU has the higher dividend yield at 0.15%, compared with 0.00% for DLLL.

What is the main difference between DLLL and KORU?

DLLL tracks Dell Technologies Inc. (DELL), while KORU tracks MSCI Korea 25-50 Index. They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for DLLL and 1.29% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (10.51 vs 5.48), 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.