GLWG vs. KORU

Last updated Jun 4, 2026

GLWG (Leverage Shares 2X Long GLW Daily ETF) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds - GLWG tracks the Corning Incorporated (GLW) while KORU tracks the MSCI Korea 25-50 Index. Both are passively managed. At a 0.47 correlation, their price movements are largely independent. GLWG charges 0.75%/yr vs 1.29%/yr for KORU.

Performance

GLWG vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long GLW Daily ETF (GLWG) and Direxion Daily South Korea Bull 3X Shares (KORU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GLWG

• 1D: 0.42%
• 1M: 46.27%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -2.29%
• 1M: 92.47%
• YTD: 559.14%
• 6M: 689.29%
• 1Y: 2,160.10%
• 3Y*: 132.56%
• 5Y*: 23.42%
• 10Y*: 19.62%

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

GLWG vs. KORU - Yearly Performance Comparison

	2026 (YTD)
GLWG Leverage Shares 2X Long GLW Daily ETF	85.97%
KORU Direxion Daily South Korea Bull 3X Shares	220.31%

Correlation

The correlation between GLWG and KORU is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 11, 2026	0.47

Return for Risk

GLWG 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: 97
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.

GLWG vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long GLW Daily ETF (GLWG) 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

	GLWG	KORU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	17.63	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	8.78	0.13	+8.65

Drawdowns

GLWG vs. KORU - Drawdown Comparison

The maximum GLWG drawdown since its inception was -29.53%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for GLWG and KORU.

Drawdown Indicators

	GLWG	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-29.53%	-95.79%	+66.26%
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	-10.32%	-5.39%	-4.93%
Average Drawdown Average peak-to-trough decline	-10.71%	-57.53%	+46.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	19.33%	—

Volatility

Volatility by Period

	GLWG	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	60.18%	—
Volatility (6M) Calculated over the trailing 6-month period	—	110.71%	—
Volatility (1Y) Calculated over the trailing 1-year period	151.06%	124.15%	+26.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	151.06%	85.11%	+65.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	151.06%	79.91%	+71.15%

GLWG vs. KORU - Expense Ratio Comparison

GLWG has a 0.75% expense ratio, which is lower than KORU's 1.29% expense ratio.

Dividends

GLWG vs. KORU - Dividend Comparison

GLWG 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
GLWG Leverage Shares 2X Long GLW 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	0.14%	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 GLWG and KORU in my portfolio?

GLWG and KORU have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GLWG or KORU?

On fees, GLWG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GLWG or KORU?

GLWG is cheaper with a 0.75% expense ratio, compared with 1.29% for KORU.

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

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

What is the main difference between GLWG and KORU?

GLWG tracks Corning Incorporated (GLW), while KORU tracks MSCI Korea 25-50 Index. They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for GLWG and 1.29% for KORU.