FBGX vs. KORU

Last updated Jun 3, 2026

FBGX (UBS AG FI Enhanced Large Cap Growth ETN) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds - FBGX tracks the Russell 1000 Growth Index (200%) while KORU tracks the MSCI Korea 25-50 Index. Both are passively managed. At a 0.50 correlation, their price movements are largely independent. Both charge a 1.29% expense ratio.

Performance

FBGX vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in UBS AG FI Enhanced Large Cap Growth ETN (FBGX) and Direxion Daily South Korea Bull 3X Shares (KORU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -3.17%
• 1M: 103.23%
• YTD: 574.61%
• 6M: 732.27%
• 1Y: 2,236.72%
• 3Y*: 134.36%
• 5Y*: 24.81%
• 10Y*: 19.90%

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

FBGX vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	65.79%	75.84%	-16.58%	64.01%
KORU Direxion Daily South Korea Bull 3X Shares	574.61%	432.73%	-62.18%	28.61%	-70.16%	-33.86%	48.78%	5.47%	-59.89%	167.08%

Correlation

The correlation between FBGX and KORU is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014	0.50

The correlation between FBGX and KORU shifts across timeframes, from 0.27 (3 years) to 0.50 (all time), reflecting how their relationship changes across market environments.

FBGX vs. KORU - Sectors Allocation Comparison

Sectors	FBGX	KORU
Basic Materials	0.0%	2.0%
Communication Services	0.0%	2.9%
Consumer Cyclical	0.0%	5.8%
Consumer Defensive	0.0%	1.8%
Energy	0.0%	1.4%
Financial Services	0.0%	16.7%
Healthcare	0.0%	3.5%
Industrials	0.0%	20.4%
Real Estate	0.0%	-
Technology	0.0%	52.3%
Utilities	0.0%	0.4%

Return for Risk

FBGX vs. KORU — Risk / Return Rank

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

KORU

KORU Risk / Return Rank: 98
KORU Sharpe Ratio Rank: 100
KORU Sortino Ratio Rank: 95
KORU Omega Ratio Rank: 95
KORU Calmar Ratio Rank: 99
KORU Martin Ratio Rank: 99

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.

FBGX vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for UBS AG FI Enhanced Large Cap Growth ETN (FBGX) 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.

Sharpe Ratios by Period

	FBGX	KORU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	18.26	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.13	—

Drawdowns

Drawdown Indicators

	FBGX	KORU	Difference
Max Drawdown Largest peak-to-trough decline	—	-95.79%	—
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	—	-93.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	—	-3.17%	—
Average Drawdown Average peak-to-trough decline	—	-57.55%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.33%	—

Volatility

Volatility by Period

	FBGX	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	59.91%	—
Volatility (6M) Calculated over the trailing 6-month period	—	110.67%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	124.16%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	85.10%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	79.92%	—

FBGX vs. KORU - Expense Ratio Comparison

Both FBGX and KORU have an expense ratio of 1.29%.

Dividends

FBGX vs. KORU - Dividend Comparison

FBGX has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBGX UBS AG FI Enhanced Large Cap Growth ETN	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	0.14%	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 FBGX and KORU in my portfolio?

FBGX and KORU have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FBGX or KORU?

Both ETFs have the same 1.29% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FBGX or KORU?

FBGX and KORU have the same expense ratio: 1.29% per year.

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

KORU has the higher dividend yield at 0.14%, compared with 0.00% for FBGX.

What is the main difference between FBGX and KORU?

FBGX tracks Russell 1000 Growth Index (200%), while KORU tracks MSCI Korea 25-50 Index. They also come from different issuers: UBS and Direxion.