FAZ vs. KORU
FAZ (Direxion Daily Financial Bear 3X Shares) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - FAZ is a Leveraged Equities fund tracking the Russell 1000 Financial Services Index (-300%), while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. Both are passively managed. Over the past 10 years, FAZ returned -44.48%/yr vs 2.30%/yr for KORU. Their -0.43 correlation means they have often moved in opposite directions in the past. FAZ charges 1.07%/yr vs 1.32%/yr for KORU.
Performance
FAZ vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, FAZ achieves a -13.28% return, which is significantly lower than KORU's 65.13% return. Over the past 10 years, FAZ has underperformed KORU with an annualized return of -44.48%, while KORU has yielded a comparatively higher 2.30% annualized return.
FAZ
- 1D
- 0.43%
- 1M
- -6.62%
- 6M
- -19.32%
- YTD
- -13.28%
- 1Y
- -27.65%
- 3Y*
- -39.34%
- 5Y*
- -32.28%
- 10Y*
- -44.48%
- ALL TIME*
- -53.80%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $19.80M | $17.81M | $19.33M | |
| $685.69M | $790.89M | $775.54M |
FAZ vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | -13.28% | -37.21% | -51.01% | -26.67% | 1.16% | -67.05% | -73.90% | -58.62% | 16.84% | -46.18% |
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 FAZ and KORU is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.06 |
Correlation (3Y) Balances recent behavior with more history. | -0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.43 |
Over the past year, the inverse relationship between FAZ and KORU has weakened: their correlation has moved from -0.43 to -0.06, meaning they move in opposite directions less often than they have historically.
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Return for Risk
FAZ vs. KORU — Risk / Return Rank
FAZ
KORU
FAZ vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Financial Bear 3X Shares (FAZ) 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.
| FAZ | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.23 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.34 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 3.32 | -3.88 |
| Martin ratioReturn relative to average drawdown | -1.29 | 9.21 | -10.50 |
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Drawdowns
FAZ vs. KORU - Drawdown Comparison
The maximum FAZ drawdown since its inception was -100.00%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for FAZ and KORU.
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Drawdown Indicators
| FAZ | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -95.79% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -42.80% | -80.90% | +38.10% |
Max Drawdown (3Y)Largest decline over 3 years | -84.95% | -80.90% | -4.05% |
Max Drawdown (5Y)Largest decline over 5 years | -88.55% | -92.74% | +4.19% |
Max Drawdown (10Y)Largest decline over 10 years | -99.72% | -95.79% | -3.93% |
Current DrawdownCurrent decline from peak | -100.00% | -76.30% | -23.70% |
Average DrawdownAverage peak-to-trough decline | -99.12% | -57.44% | -41.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.45% | 29.12% | -10.67% |
Volatility
FAZ vs. KORU - Volatility Comparison
The current volatility for Direxion Daily Financial Bear 3X Shares (FAZ) is 11.94%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 64.87%. This indicates that FAZ 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.
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Volatility by Period
| FAZ | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.94% | 64.87% | -52.93% |
Volatility (6M)Calculated over the trailing 6-month period | 32.77% | 154.02% | -121.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.05% | 159.66% | -115.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 55.31% | 96.56% | -41.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 61.87% | 85.82% | -23.95% |
FAZ vs. KORU - Expense Ratio Comparison
FAZ has a 1.07% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
FAZ vs. KORU - Dividend Comparison
FAZ's dividend yield for the trailing twelve months is around 3.57%, more than KORU's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FAZ Direxion Daily Financial Bear 3X Shares | 3.57% | 5.07% | 7.34% | 4.88% | 0.00% | 0.00% | 0.62% | 1.63% | 0.56% | 0.00% |
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% |
Frequently Asked Questions
FAZ and KORU have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (64.87%) compared to FAZ (11.94%). In terms of maximum drawdown, FAZ dropped -100.00% vs KORU's -95.79%.
On 10-year performance, KORU leads with 2.30% vs -44.48% for FAZ. On fees, FAZ is cheaper at 1.07% per year. On volatility, FAZ has been the lower-risk option at 11.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KORU has performed better with a 2.30% return vs -44.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FAZ is cheaper with a 1.07% expense ratio, compared with 1.32% for KORU.
FAZ has the higher dividend yield at 3.57%, compared with 0.53% for KORU.
FAZ is categorized as Leveraged Equities, while KORU is South Korea Equities. FAZ tracks Russell 1000 Financial Services Index (-300%), while KORU tracks MSCI Korea 25/50 Index. Their fees differ too: 1.07% for FAZ and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (1.68 vs -0.54), 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.
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