HFEQ vs. KORU

Last updated Jun 25, 2026

HFEQ (Unlimited HFEQ Equity Long/Short ETF) and KORU (Direxion Daily South Korea Bull 3X Shares) are both exchange-traded funds - HFEQ is a Long-Short fund actively managed by Unlimited, while KORU is a Leveraged Equities fund tracking the MSCI Korea 25-50 Index. HFEQ is actively managed, while KORU is passively managed. A 0.63 correlation means they provide meaningful diversification when combined. HFEQ charges 1.00%/yr vs 1.29%/yr for KORU.

Performance

HFEQ vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Unlimited HFEQ Equity Long/Short ETF (HFEQ) and Direxion Daily 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, HFEQ achieves a 9.98% return, which is significantly lower than KORU's 308.29% return.

HFEQ

• 1D: -3.97%
• 1M: -1.18%
• YTD: 9.98%
• 6M: 8.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: 5.90%
• 1M: -5.01%
• YTD: 308.29%
• 6M: 341.55%
• 1Y: 789.62%
• 3Y*: 104.57%
• 5Y*: 12.17%
• 10Y*: 15.15%

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

HFEQ vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.98%	14.35%
KORU Direxion Daily South Korea Bull 3X Shares	308.29%	116.58%

Correlation

The correlation between HFEQ and KORU is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025	0.63

Return for Risk

HFEQ vs. KORU — Risk / Return Rank

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

HFEQ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KORU

KORU Risk / Return Rank: 94
KORU Sharpe Ratio Rank: 98
KORU Sortino Ratio Rank: 86
KORU Omega Ratio Rank: 90
KORU Calmar Ratio Rank: 98
KORU Martin Ratio Rank: 97

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.

HFEQ vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Unlimited HFEQ Equity Long/Short ETF (HFEQ) 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.

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.

	HFEQ	KORU	Difference
Sharpe ratio: Return per unit of total volatility	—	5.55	—
Sortino ratio: Return per unit of downside risk	—	3.47	—
Omega ratio: Gain probability vs. loss probability	—	1.51	—
Calmar ratio: Return relative to maximum drawdown	—	12.99	—
Martin ratio: Return relative to average drawdown	—	37.77	—

Drawdowns

HFEQ vs. KORU - Drawdown Comparison

The maximum HFEQ drawdown since its inception was -12.46%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for HFEQ and KORU.

Drawdown Indicators

	HFEQ	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-12.46%	-95.79%	+83.33%
Max Drawdown (1Y) Largest decline over 1 year	—	-61.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-73.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-93.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-3.97%	-41.40%	+37.43%
Average Drawdown Average peak-to-trough decline	-2.44%	-57.41%	+54.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	21.07%	—

Volatility

Volatility by Period

	HFEQ	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	92.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	138.68%	—
Volatility (1Y) Calculated over the trailing 1-year period	21.90%	144.21%	-122.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.90%	91.42%	-69.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	83.04%	-61.14%

HFEQ vs. KORU - Expense Ratio Comparison

HFEQ has a 1.00% expense ratio, which is lower than KORU's 1.29% expense ratio.

Dividends

HFEQ vs. KORU - Dividend Comparison

HFEQ has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFEQ Unlimited HFEQ Equity Long/Short ETF	9.59%	10.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KORU Direxion Daily South Korea Bull 3X Shares	0.21%	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 HFEQ and KORU in my portfolio?

HFEQ and KORU have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HFEQ or KORU?

On fees, HFEQ is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HFEQ or KORU?

HFEQ is cheaper with a 1.00% expense ratio, compared with 1.29% for KORU.

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

HFEQ has the higher dividend yield at 9.59%, compared with 0.21% for KORU.

What is the main difference between HFEQ and KORU?

HFEQ is categorized as Long-Short, while KORU is Leveraged Equities. They also come from different issuers: Unlimited and Direxion. Their fees differ too: 1.00% for HFEQ and 1.29% for KORU.