EMAD.L vs. 3KOR.L
EMAD.L (State Street SPDR MSCI EM Asia UCITS ETF USD (Acc)) and 3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) are both exchange-traded funds - EMAD.L is a Asia Pacific Equities fund tracking the MSCI EM (Emerging Markets) Asia Index, while 3KOR.L is a South Korea Equities fund actively managed by Leverage Shares. EMAD.L is passively managed, while 3KOR.L is actively managed. Over the past 3 years, EMAD.L returned 20.83%/yr vs 51.05%/yr for 3KOR.L. A 0.76 correlation means they provide meaningful diversification when combined. EMAD.L charges 0.55%/yr vs 0.75%/yr for 3KOR.L.
Performance
EMAD.L vs. 3KOR.L - Performance Comparison
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Returns By Period
In the year-to-date period, EMAD.L achieves a 21.59% return, which is significantly lower than 3KOR.L's 125.40% return.
EMAD.L
- 1D
- -1.54%
- 1M
- -8.90%
- 6M
- 14.74%
- YTD
- 21.59%
- 1Y
- 36.41%
- 3Y*
- 20.83%
- 5Y*
- 6.55%
- 10Y*
- 9.69%
3KOR.L
- 1D
- -10.28%
- 1M
- -56.04%
- 6M
- 67.72%
- YTD
- 125.40%
- 1Y
- 380.55%
- 3Y*
- 51.05%
- 5Y*
- —
- 10Y*
- —
EMAD.L vs. 3KOR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
EMAD.L State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) | 21.59% | 32.13% | 11.12% | 6.54% | -7.74% |
3KOR.L Leverage Shares 3x Long South Korea ETP Securities | 125.40% | 356.68% | -62.34% | 15.02% | -56.31% |
Correlation
The correlation between EMAD.L and 3KOR.L is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022 | 0.76 |
The correlation between EMAD.L and 3KOR.L has been stable across timeframes, ranging from 0.76 to 0.85 - a consistent structural relationship.
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Return for Risk
EMAD.L vs. 3KOR.L — Risk / Return Rank
EMAD.L
3KOR.L
EMAD.L vs. 3KOR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.L). 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.
| EMAD.L | 3KOR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 5.85 | -3.16 |
| Martin ratioReturn relative to average drawdown | 8.03 | 15.87 | -7.84 |
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Drawdowns
EMAD.L vs. 3KOR.L - Drawdown Comparison
The maximum EMAD.L drawdown since its inception was -46.17%, smaller than the maximum 3KOR.L drawdown of -85.50%. Use the drawdown chart below to compare losses from any high point for EMAD.L and 3KOR.L.
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Drawdown Indicators
| EMAD.L | 3KOR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.17% | -85.50% | +39.33% |
Max Drawdown (1Y)Largest decline over 1 year | -13.38% | -64.52% | +51.14% |
Max Drawdown (3Y)Largest decline over 3 years | -20.03% | -75.07% | +55.04% |
Max Drawdown (5Y)Largest decline over 5 years | -39.17% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.17% | — | — |
Current DrawdownCurrent decline from peak | -11.48% | -64.52% | +53.04% |
Average DrawdownAverage peak-to-trough decline | -14.72% | -52.43% | +37.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.50% | 23.84% | -19.34% |
Volatility
EMAD.L vs. 3KOR.L - Volatility Comparison
The current volatility for State Street SPDR MSCI EM Asia UCITS ETF USD (Acc) (EMAD.L) is 9.84%, while Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a volatility of 61.31%. This indicates that EMAD.L experiences smaller price fluctuations and is considered to be less risky than 3KOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMAD.L | 3KOR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.84% | 61.31% | -51.47% |
Volatility (6M)Calculated over the trailing 6-month period | 21.14% | 120.85% | -99.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.53% | 129.62% | -106.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.80% | 88.53% | -67.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.15% | 88.53% | -68.38% |
EMAD.L vs. 3KOR.L - Expense Ratio Comparison
EMAD.L has a 0.55% expense ratio, which is lower than 3KOR.L's 0.75% expense ratio.
Dividends
EMAD.L vs. 3KOR.L - Dividend Comparison
Neither EMAD.L nor 3KOR.L has paid dividends to shareholders.
Frequently Asked Questions
EMAD.L and 3KOR.L have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EMAD.L is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EMAD.L is cheaper with a 0.55% expense ratio, compared with 0.75% for 3KOR.L.
EMAD.L is categorized as Asia Pacific Equities, while 3KOR.L is South Korea Equities. They also come from different issuers: State Street and Leverage Shares. Their fees differ too: 0.55% for EMAD.L and 0.75% for 3KOR.L.
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