EPHE vs. KORU

Last updated Aug 2, 2026

EPHE (iShares MSCI Philippines ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - EPHE is a Asia Pacific Equities fund tracking the MSCI Philippines Investable Market Index, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. Both are passively managed. Over the past 10 years, EPHE returned -2.87%/yr vs 2.30%/yr for KORU. Their 0.45 correlation means their historical movements had little consistent relationship. EPHE charges 0.59%/yr vs 1.32%/yr for KORU.

Performance

EPHE vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Philippines ETF (EPHE) 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, EPHE achieves a 4.57% return, which is significantly lower than KORU's 65.13% return. Over the past 10 years, EPHE has underperformed KORU with an annualized return of -2.87%, while KORU has yielded a comparatively higher 2.30% annualized return.

EPHE

• 1D: -0.51%
• 1M: 4.41%
• 6M: 0.35%
• YTD: 4.57%
• 1Y: 1.90%
• 3Y*: 0.76%
• 5Y*: 0.25%
• 10Y*: -2.87%
• ALL TIME*: 1.41%

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%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EPHE iShares MSCI Philippines ETF	$3.93M	$3.16M	$3.33M
KORU Direxion Daily MSCI South Korea Bull 3X Shares	$685.69M	$790.89M	$775.54M

EPHE vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EPHE iShares MSCI Philippines ETF	4.57%	1.56%	-1.41%	1.27%	-15.87%	-2.23%	-3.95%	8.50%	-17.50%	20.20%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	65.13%	432.73%	-62.18%	28.61%	-70.16%	-33.86%	48.78%	5.47%	-59.89%	167.08%

Correlation

The correlation between EPHE and KORU is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (3Y) Balances recent behavior with more history.	0.35
Correlation (5Y) Shows whether the relationship held over a longer period.	0.38
Correlation (10Y) Provides a long-term view across more market conditions.	0.44
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013	0.45

The correlation between EPHE and KORU shifts across timeframes, from 0.26 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.

EPHE vs. KORU - Sectors Allocation Comparison

Sectors	EPHE	KORU
Industrials	33.1%	15.4%
Financial Services	19.9%	8.8%
Utilities	12.6%	0.3%
Consumer Cyclical	12.5%	4.7%
Real Estate	10.8%	-
Consumer Defensive	4.7%	1.7%
Communication Services	4.5%	2.6%
Energy	1.1%	1.0%
Basic Materials	0.8%	1.2%
Healthcare	-	3.1%
Technology	-	61.3%

Return for Risk

EPHE vs. KORU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EPHE

EPHE Risk / Return Rank: 14
EPHE Sharpe Ratio Rank: 15
EPHE Sortino Ratio Rank: 14
EPHE Omega Ratio Rank: 14
EPHE Calmar Ratio Rank: 14
EPHE Martin Ratio Rank: 14

KORU

KORU Risk / Return Rank: 78
KORU Sharpe Ratio Rank: 74
KORU Sortino Ratio Rank: 77
KORU Omega Ratio Rank: 80
KORU Calmar Ratio Rank: 86
KORU Martin Ratio Rank: 74

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EPHE vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Philippines ETF (EPHE) 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.

	EPHE	KORU	Difference
Sharpe ratio: Return per unit of total volatility	0.17	1.68	-1.52
Sortino ratio: Return per unit of downside risk	0.39	2.44	-2.05
Omega ratio: Gain probability vs. loss probability	1.05	1.34	-0.29
Calmar ratio: Return relative to maximum drawdown	0.21	3.32	-3.11
Martin ratio: Return relative to average drawdown	0.39	9.21	-8.83

EPHE vs. KORU - Sharpe Ratio Comparison

The current EPHE Sharpe Ratio is 0.17, which is lower than the KORU Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EPHE 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

EPHE vs. KORU - Drawdown Comparison

The maximum EPHE drawdown since its inception was -53.82%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for EPHE and KORU.

Drawdown Indicators

	EPHE	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-53.82%	-95.79%	+41.97%
Max Drawdown (1Y) Largest decline over 1 year	-15.90%	-80.90%	+65.00%
Max Drawdown (3Y) Largest decline over 3 years	-21.42%	-80.90%	+59.48%
Max Drawdown (5Y) Largest decline over 5 years	-32.96%	-92.74%	+59.78%
Max Drawdown (10Y) Largest decline over 10 years	-51.62%	-95.79%	+44.17%
Current Drawdown Current decline from peak	-30.85%	-76.30%	+45.45%
Average Drawdown Average peak-to-trough decline	-21.09%	-57.44%	+36.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.66%	29.12%	-20.46%

Volatility

EPHE vs. KORU - Volatility Comparison

The current volatility for iShares MSCI Philippines ETF (EPHE) is 4.21%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 64.87%. This indicates that EPHE 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

	EPHE	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	64.87%	-60.66%
Volatility (6M) Calculated over the trailing 6-month period	15.65%	154.02%	-138.37%
Volatility (1Y) Calculated over the trailing 1-year period	20.34%	159.66%	-139.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.37%	96.56%	-78.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.28%	85.82%	-63.54%

EPHE vs. KORU - Expense Ratio Comparison

EPHE has a 0.59% expense ratio, which is lower than KORU's 1.32% expense ratio.

Dividends

EPHE vs. KORU - Dividend Comparison

EPHE's dividend yield for the trailing twelve months is around 2.66%, more than KORU's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPHE iShares MSCI Philippines ETF	2.66%	2.11%	2.32%	2.01%	1.73%	1.05%	0.72%	0.78%	0.45%	0.36%	0.71%	1.03%
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%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPHE and KORU in my portfolio?

EPHE and KORU have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPHE or KORU?

KORU has higher volatility (64.87%) compared to EPHE (4.21%). In terms of maximum drawdown, EPHE dropped -53.82% vs KORU's -95.79%.

Which ETF is better, EPHE or KORU?

On 10-year performance, KORU leads with 2.30% vs -2.87% for EPHE. On fees, EPHE is cheaper at 0.59% per year. On volatility, EPHE has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPHE or KORU?

Over the 10-year period, KORU has performed better with a 2.30% return vs -2.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPHE or KORU?

EPHE is cheaper with a 0.59% expense ratio, compared with 1.32% for KORU.

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

EPHE has the higher dividend yield at 2.66%, compared with 0.53% for KORU.

What is the main difference between EPHE and KORU?

EPHE is categorized as Asia Pacific Equities, while KORU is South Korea Equities. EPHE tracks MSCI Philippines Investable Market Index, while KORU tracks MSCI Korea 25/50 Index. They also come from different issuers: iShares and Direxion. Their fees differ too: 0.59% for EPHE and 1.32% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (1.68 vs 0.17), 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.