IDAP.L vs. 3KOR.L

Last updated Jul 16, 2026

IDAP.L (iShares Asia Pacific Dividend UCITS) and 3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) are both exchange-traded funds - IDAP.L is a Asia Pacific Equities fund tracking the MSCI AC Asia Pacific NR USD, while 3KOR.L is a South Korea Equities fund actively managed by Leverage Shares. IDAP.L is passively managed, while 3KOR.L is actively managed. Over the past 3 years, IDAP.L returned 20.17%/yr vs 51.05%/yr for 3KOR.L. A 0.55 correlation means they provide meaningful diversification when combined. IDAP.L charges 0.59%/yr vs 0.75%/yr for 3KOR.L.

Performance

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

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Asia Pacific Dividend UCITS (IDAP.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, IDAP.L achieves a 14.67% return, which is significantly lower than 3KOR.L's 125.40% return.

IDAP.L

• 1D: 0.35%
• 1M: 1.71%
• 6M: 10.10%
• YTD: 14.67%
• 1Y: 32.02%
• 3Y*: 20.17%
• 5Y*: 10.62%
• 10Y*: 6.72%

3KOR.L

• 1D: -10.28%
• 1M: -56.04%
• 6M: 67.72%
• YTD: 125.40%
• 1Y: 380.55%
• 3Y*: 51.05%
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022
IDAP.L iShares Asia Pacific Dividend UCITS	14.67%	29.67%	6.20%	13.46%	-2.85%
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	125.40%	356.68%	-62.34%	15.02%	-56.31%

Correlation

The correlation between IDAP.L and 3KOR.L is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022	0.55

The correlation between IDAP.L and 3KOR.L has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.

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

Sectors	IDAP.L	3KOR.L
Financial Services	30.8%	7.4%
Basic Materials	18.2%	1.4%
Consumer Cyclical	11.1%	5.5%
Real Estate	10.0%	-
Industrials	6.7%	15.2%
Energy	4.8%	0.9%
Consumer Defensive	4.6%	1.3%
Communication Services	4.4%	2.1%
Utilities	4.1%	0.3%
Healthcare	3.4%	2.5%
Technology	1.8%	63.4%

Return for Risk

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

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

IDAP.L

IDAP.L Risk / Return Rank: 86
IDAP.L Sharpe Ratio Rank: 90
IDAP.L Sortino Ratio Rank: 90
IDAP.L Omega Ratio Rank: 88
IDAP.L Calmar Ratio Rank: 84
IDAP.L Martin Ratio Rank: 76

3KOR.L

3KOR.L Risk / Return Rank: 88
3KOR.L Sharpe Ratio Rank: 95
3KOR.L Sortino Ratio Rank: 78
3KOR.L Omega Ratio Rank: 82
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.

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

This table presents a comparison of risk-adjusted performance metrics for iShares Asia Pacific Dividend UCITS (IDAP.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.

	IDAP.L	3KOR.L	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.91	-0.48
Sortino ratio: Return per unit of downside risk	3.37	2.80	+0.57
Omega ratio: Gain probability vs. loss probability	1.43	1.39	+0.05
Calmar ratio: Return relative to maximum drawdown	3.64	5.85	-2.22
Martin ratio: Return relative to average drawdown	11.36	15.87	-4.51

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

The current IDAP.L Sharpe Ratio is 2.43, which is comparable to the 3KOR.L Sharpe Ratio of 2.91. The chart below compares the historical Sharpe Ratios of IDAP.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

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

The maximum IDAP.L drawdown since its inception was -69.97%, smaller than the maximum 3KOR.L drawdown of -85.50%. Use the drawdown chart below to compare losses from any high point for IDAP.L and 3KOR.L.

Drawdown Indicators

	IDAP.L	3KOR.L	Difference
Max Drawdown Largest peak-to-trough decline	-69.97%	-85.50%	+15.53%
Max Drawdown (1Y) Largest decline over 1 year	-8.77%	-64.52%	+55.75%
Max Drawdown (3Y) Largest decline over 3 years	-18.62%	-75.07%	+56.45%
Max Drawdown (5Y) Largest decline over 5 years	-25.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.72%	—	—
Current Drawdown Current decline from peak	-1.45%	-64.52%	+63.07%
Average Drawdown Average peak-to-trough decline	-12.80%	-52.43%	+39.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	23.84%	-21.03%

Volatility

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

The current volatility for iShares Asia Pacific Dividend UCITS (IDAP.L) is 3.62%, while Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a volatility of 61.31%. This indicates that IDAP.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

	IDAP.L	3KOR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.62%	61.31%	-57.69%
Volatility (6M) Calculated over the trailing 6-month period	11.02%	120.85%	-109.83%
Volatility (1Y) Calculated over the trailing 1-year period	13.13%	129.62%	-116.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.87%	88.53%	-73.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.55%	88.53%	-71.98%

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

IDAP.L has a 0.59% expense ratio, which is lower than 3KOR.L's 0.75% expense ratio.

Dividends

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

IDAP.L's dividend yield for the trailing twelve months is around 4.12%, while 3KOR.L has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IDAP.L iShares Asia Pacific Dividend UCITS	4.12%	4.21%	5.36%	5.72%	6.92%	5.59%	3.49%	5.52%	6.04%	4.55%	4.54%	5.46%

Frequently Asked Questions

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

IDAP.L and 3KOR.L have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDAP.L or 3KOR.L?

On fees, IDAP.L is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

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

IDAP.L is cheaper with a 0.59% expense ratio, compared with 0.75% for 3KOR.L.

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

IDAP.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: 0.59% for IDAP.L and 0.75% for 3KOR.L.