KMCA vs. KORU

Last updated Jul 8, 2026

KMCA (PLUS Korea Manufacturing Core Alliance Index ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both South Korea Equities funds - KMCA tracks the Akros Korea Manufacturing Core Alliance Index while KORU tracks the MSCI Korea 25/50 Index. Both are passively managed. Their correlation of 0.91 suggests significant overlap in exposure. KMCA charges 0.65%/yr vs 1.32%/yr for KORU.

Performance

KMCA vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PLUS Korea Manufacturing Core Alliance Index ETF (KMCA) and Direxion Daily MSCI South Korea Bull 3X Shares (KORU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

KMCA

• 1D: -6.05%
• 1M: -4.19%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -12.78%
• 1M: -10.69%
• 6M: 124.00%
• YTD: 200.09%
• 1Y: 634.12%
• 3Y*: 85.70%
• 5Y*: 8.50%
• 10Y*: 10.35%

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

KMCA vs. KORU - Yearly Performance Comparison

	2026 (YTD)
KMCA PLUS Korea Manufacturing Core Alliance Index ETF	-17.18%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	-35.06%

Correlation

The correlation between KMCA and KORU is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 7, 2026	0.91

Return for Risk

KMCA vs. KORU — Risk / Return Rank

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

KMCA

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

KORU

KORU Risk / Return Rank: 93
KORU Sharpe Ratio Rank: 98
KORU Sortino Ratio Rank: 86
KORU Omega Ratio Rank: 89
KORU Calmar Ratio Rank: 98
KORU Martin Ratio Rank: 96

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.

KMCA vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PLUS Korea Manufacturing Core Alliance Index ETF (KMCA) and Direxion Daily MSCI 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.

	KMCA	KORU	Difference
Sharpe ratio: Return per unit of total volatility	—	4.33	—
Sortino ratio: Return per unit of downside risk	—	3.19	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	10.42	—
Martin ratio: Return relative to average drawdown	—	28.16	—

Drawdowns

KMCA vs. KORU - Drawdown Comparison

The maximum KMCA drawdown since its inception was -22.96%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for KMCA and KORU.

Drawdown Indicators

	KMCA	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-22.96%	-95.79%	+72.83%
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	—	-92.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-22.96%	-56.93%	+33.97%
Average Drawdown Average peak-to-trough decline	-8.57%	-57.38%	+48.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	22.68%	—

Volatility

Volatility by Period

	KMCA	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	92.42%	—
Volatility (6M) Calculated over the trailing 6-month period	—	143.22%	—
Volatility (1Y) Calculated over the trailing 1-year period	79.67%	148.21%	-68.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.67%	92.86%	-13.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.67%	83.73%	-4.06%

KMCA vs. KORU - Expense Ratio Comparison

KMCA has a 0.65% expense ratio, which is lower than KORU's 1.32% expense ratio.

Dividends

KMCA vs. KORU - Dividend Comparison

KMCA has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KMCA PLUS Korea Manufacturing Core Alliance Index ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.29%	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 KMCA and KORU in my portfolio?

With a correlation of 0.91, KMCA and KORU move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, KMCA or KORU?

On fees, KMCA is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KMCA or KORU?

KMCA is cheaper with a 0.65% expense ratio, compared with 1.32% for KORU.

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

KORU has the higher dividend yield at 0.29%, compared with 0.00% for KMCA.

What is the main difference between KMCA and KORU?

KMCA tracks Akros Korea Manufacturing Core Alliance Index, while KORU tracks MSCI Korea 25/50 Index. They also come from different issuers: PLUS and Direxion. Their fees differ too: 0.65% for KMCA and 1.32% for KORU.