IAUS.L vs. 3KOR.L

Last updated Jul 22, 2026

IAUS.L (iShares MSCI Australia UCITS ETF USD (Acc)) and 3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) are both exchange-traded funds - IAUS.L is a Asia Pacific Equities fund tracking the MSCI Australia Index (Net), while 3KOR.L is a South Korea Equities fund actively managed by Leverage Shares. IAUS.L is passively managed, while 3KOR.L is actively managed. Over the past 3 years, IAUS.L returned 11.10%/yr vs 54.71%/yr for 3KOR.L. A 0.56 correlation means they provide meaningful diversification when combined. IAUS.L charges 0.50%/yr vs 0.75%/yr for 3KOR.L.

Performance

IAUS.L vs. 3KOR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAUS.L achieves a 10.07% return, which is significantly lower than 3KOR.L's 133.34% return.

IAUS.L

• 1D: 0.00%
• 1M: 0.74%
• 6M: 9.27%
• YTD: 10.07%
• 1Y: 11.31%
• 3Y*: 11.10%
• 5Y*: 6.54%
• 10Y*: 7.93%
• ALL TIME*: 5.87%

3KOR.L

• 1D: 13.88%
• 1M: -56.67%
• 6M: 60.35%
• YTD: 133.34%
• 1Y: 386.18%
• 3Y*: 54.71%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.55%

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

IAUS.L vs. 3KOR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
IAUS.L iShares MSCI Australia UCITS ETF USD (Acc)	10.07%	13.86%	1.70%	13.84%	-5.34%
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	133.34%	356.68%	-62.34%	15.02%	-56.31%

Correlation

The correlation between IAUS.L and 3KOR.L is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022	0.56

The correlation between IAUS.L and 3KOR.L has been stable across timeframes, ranging from 0.50 to 0.56 - a consistent structural relationship.

IAUS.L vs. 3KOR.L - Sectors Allocation Comparison

Sectors	IAUS.L	3KOR.L
Financial Services	41.7%	8.9%
Basic Materials	24.5%	1.3%
Consumer Cyclical	7.3%	4.8%
Real Estate	5.0%	-
Healthcare	4.9%	3.2%
Industrials	4.4%	15.8%
Consumer Defensive	4.0%	1.7%
Energy	3.8%	1.0%
Communication Services	1.8%	2.6%
Utilities	1.6%	0.3%
Technology	0.9%	60.3%

Return for Risk

IAUS.L vs. 3KOR.L — Risk / Return Rank

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

IAUS.L

IAUS.L Risk / Return Rank: 28
IAUS.L Sharpe Ratio Rank: 27
IAUS.L Sortino Ratio Rank: 28
IAUS.L Omega Ratio Rank: 26
IAUS.L Calmar Ratio Rank: 31
IAUS.L Martin Ratio Rank: 29

3KOR.L

3KOR.L Risk / Return Rank: 89
3KOR.L Sharpe Ratio Rank: 95
3KOR.L Sortino Ratio Rank: 82
3KOR.L Omega Ratio Rank: 85
3KOR.L Calmar Ratio Rank: 95
3KOR.L Martin Ratio Rank: 90

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.

IAUS.L vs. 3KOR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.L). 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.

	IAUS.L	3KOR.L	Difference
Sharpe ratio: Return per unit of total volatility	0.71	2.94	-2.23
Sortino ratio: Return per unit of downside risk	1.16	2.81	-1.65
Omega ratio: Gain probability vs. loss probability	1.13	1.39	-0.25
Calmar ratio: Return relative to maximum drawdown	1.16	5.61	-4.44
Martin ratio: Return relative to average drawdown	2.84	15.20	-12.36

IAUS.L vs. 3KOR.L - Sharpe Ratio Comparison

The current IAUS.L Sharpe Ratio is 0.71, which is lower than the 3KOR.L Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of IAUS.L and 3KOR.L, 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

IAUS.L vs. 3KOR.L - Drawdown Comparison

The maximum IAUS.L drawdown since its inception was -44.76%, smaller than the maximum 3KOR.L drawdown of -85.50%. Use the drawdown chart below to compare losses from any high point for IAUS.L and 3KOR.L.

Drawdown Indicators

	IAUS.L	3KOR.L	Difference
Max Drawdown Largest peak-to-trough decline	-44.76%	-85.50%	+40.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.68%	-68.35%	+58.67%
Max Drawdown (3Y) Largest decline over 3 years	-23.04%	-75.07%	+52.03%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.76%	—	—
Current Drawdown Current decline from peak	-4.38%	-63.27%	+58.89%
Average Drawdown Average peak-to-trough decline	-9.26%	-52.49%	+43.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.98%	25.26%	-21.28%

Volatility

IAUS.L vs. 3KOR.L - Volatility Comparison

The current volatility for iShares MSCI Australia UCITS ETF USD (Acc) (IAUS.L) is 3.52%, while Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a volatility of 60.34%. This indicates that IAUS.L experiences smaller price fluctuations and is considered to be less risky than 3KOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAUS.L	3KOR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	60.34%	-56.82%
Volatility (6M) Calculated over the trailing 6-month period	13.34%	121.41%	-108.07%
Volatility (1Y) Calculated over the trailing 1-year period	15.89%	130.54%	-114.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.49%	88.71%	-69.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.74%	88.71%	-67.97%

IAUS.L vs. 3KOR.L - Expense Ratio Comparison

IAUS.L has a 0.50% expense ratio, which is lower than 3KOR.L's 0.75% expense ratio.

Dividends

IAUS.L vs. 3KOR.L - Dividend Comparison

Neither IAUS.L nor 3KOR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both IAUS.L and 3KOR.L in my portfolio?

IAUS.L and 3KOR.L 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, IAUS.L or 3KOR.L?

On fees, IAUS.L is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IAUS.L or 3KOR.L?

IAUS.L is cheaper with a 0.50% expense ratio, compared with 0.75% for 3KOR.L.

What is the main difference between IAUS.L and 3KOR.L?

IAUS.L is categorized as Asia Pacific Equities, while 3KOR.L is South Korea Equities. They also come from different issuers: iShares and Leverage Shares. Their fees differ too: 0.50% for IAUS.L and 0.75% for 3KOR.L.