KORU vs. ARMG

Last updated Jun 5, 2026

KORU (Direxion Daily South Korea Bull 3X Shares) and ARMG (Leverage Shares 2X Long ARM Daily ETF) are both Leveraged Equities funds. KORU is passively managed, while ARMG is actively managed. Over the past year, KORU returned 1709.41% vs 443.95% for ARMG. At a 0.48 correlation, their price movements are largely independent. KORU charges 1.29%/yr vs 0.75%/yr for ARMG.

Performance

KORU vs. ARMG - Performance Comparison

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

Returns By Period

In the year-to-date period, KORU achieves a 478.17% return, which is significantly lower than ARMG's 841.05% return.

KORU

• 1D: -12.29%
• 1M: 43.43%
• YTD: 478.17%
• 6M: 617.53%
• 1Y: 1,709.41%
• 3Y*: 122.40%
• 5Y*: 20.22%
• 10Y*: 17.48%

ARMG

• 1D: -9.19%
• 1M: 211.14%
• YTD: 841.05%
• 6M: 460.44%
• 1Y: 443.95%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KORU vs. ARMG - Yearly Performance Comparison

	2026 (YTD)	2025
KORU Direxion Daily South Korea Bull 3X Shares	478.17%	353.81%
ARMG Leverage Shares 2X Long ARM Daily ETF	841.05%	-61.80%

Correlation

The correlation between KORU and ARMG is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (All Time) Calculated using the full available price history since Jan 15, 2025	0.48

Return for Risk

KORU vs. ARMG — 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: 94
KORU Omega Ratio Rank: 94
KORU Calmar Ratio Rank: 99
KORU Martin Ratio Rank: 99

ARMG

ARMG Risk / Return Rank: 81
ARMG Sharpe Ratio Rank: 93
ARMG Sortino Ratio Rank: 78
ARMG Omega Ratio Rank: 74
ARMG Calmar Ratio Rank: 93
ARMG Martin Ratio Rank: 65

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.

KORU vs. ARMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily South Korea Bull 3X Shares (KORU) and Leverage Shares 2X Long ARM Daily ETF (ARMG). 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.

	KORU	ARMG	Difference
Sharpe ratio: Return per unit of total volatility	13.88	3.43	+10.46
Sortino ratio: Return per unit of downside risk	4.85	3.45	+1.40
Omega ratio: Gain probability vs. loss probability	1.67	1.43	+0.23
Calmar ratio: Return relative to maximum drawdown	28.19	6.57	+21.62
Martin ratio: Return relative to average drawdown	89.21	11.59	+77.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KORU vs. ARMG - Sharpe Ratio Comparison

The current KORU Sharpe Ratio is 13.88, which is higher than the ARMG Sharpe Ratio of 3.43. The chart below compares the historical Sharpe Ratios of KORU and ARMG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	KORU	ARMG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	13.88	3.43	+10.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	1.10	-0.99

Drawdowns

KORU vs. ARMG - Drawdown Comparison

The maximum KORU drawdown since its inception was -95.79%, which is greater than ARMG's maximum drawdown of -80.28%. Use the drawdown chart below to compare losses from any high point for KORU and ARMG.

Drawdown Indicators

	KORU	ARMG	Difference
Max Drawdown Largest peak-to-trough decline	-95.79%	-80.28%	-15.51%
Max Drawdown (1Y) Largest decline over 1 year	-61.39%	-68.13%	+6.74%
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	-17.01%	-9.19%	-7.82%
Average Drawdown Average peak-to-trough decline	-57.52%	-52.91%	-4.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.36%	38.55%	-19.19%

Volatility

KORU vs. ARMG - Volatility Comparison

The current volatility for Direxion Daily South Korea Bull 3X Shares (KORU) is 60.60%, while Leverage Shares 2X Long ARM Daily ETF (ARMG) has a volatility of 66.47%. This indicates that KORU experiences smaller price fluctuations and is considered to be less risky than ARMG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KORU	ARMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	60.60%	66.47%	-5.87%
Volatility (6M) Calculated over the trailing 6-month period	111.66%	104.49%	+7.17%
Volatility (1Y) Calculated over the trailing 1-year period	124.91%	130.67%	-5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.28%	138.36%	-53.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	79.99%	138.36%	-58.37%

KORU vs. ARMG - Expense Ratio Comparison

KORU has a 1.29% expense ratio, which is higher than ARMG's 0.75% expense ratio.

Dividends

KORU vs. ARMG - Dividend Comparison

KORU's dividend yield for the trailing twelve months is around 0.16%, less than ARMG's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ARMG Leverage Shares 2X Long ARM Daily ETF	0.52%	4.86%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
KORU Direxion Daily South Korea Bull 3X Shares	0.16%	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 KORU and ARMG in my portfolio?

KORU and ARMG have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KORU or ARMG?

ARMG has higher volatility (66.47%) compared to KORU (60.60%). In terms of maximum drawdown, KORU dropped -95.79% vs ARMG's -80.28%.

Which ETF is better, KORU or ARMG?

On 1-year performance, KORU leads with 1709.41% vs 443.95% for ARMG. On fees, ARMG is cheaper at 0.75% per year. On volatility, KORU has been the lower-risk option at 60.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KORU or ARMG?

Over the 1-year period, KORU has performed better with a 1709.41% return vs 443.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KORU or ARMG?

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

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

ARMG has the higher dividend yield at 0.52%, compared with 0.16% for KORU.

What is the main difference between KORU and ARMG?

They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.29% for KORU and 0.75% for ARMG.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (13.88 vs 3.43), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.