KORU vs. EWY
Compare and contrast key facts about Direxion Daily South Korea Bull 3X Shares (KORU) and iShares MSCI South Korea ETF (EWY).
KORU and EWY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KORU is a passively managed fund by Direxion that tracks the performance of the MSCI Korea 25-50 Index. It was launched on Apr 10, 2013. EWY is a passively managed fund by iShares that tracks the performance of the MSCI Korea Index. It was launched on May 12, 2000. Both KORU and EWY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KORU or EWY.
Correlation
The correlation between KORU and EWY is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
KORU vs. EWY - Performance Comparison
Key characteristics
KORU:
-0.58
EWY:
-0.28
KORU:
-0.54
EWY:
-0.25
KORU:
0.94
EWY:
0.97
KORU:
-0.41
EWY:
-0.15
KORU:
-1.13
EWY:
-0.57
KORU:
34.21%
EWY:
11.34%
KORU:
67.06%
EWY:
22.73%
KORU:
-94.83%
EWY:
-74.14%
KORU:
-92.56%
EWY:
-34.22%
Returns By Period
In the year-to-date period, KORU achieves a 43.97% return, which is significantly higher than EWY's 14.52% return. Over the past 10 years, KORU has underperformed EWY with an annualized return of -16.76%, while EWY has yielded a comparatively higher 2.30% annualized return.
KORU
43.97%
17.42%
-37.39%
-39.84%
-23.79%
-16.76%
EWY
14.52%
6.29%
-10.12%
-7.20%
1.79%
2.30%
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KORU vs. EWY - Expense Ratio Comparison
KORU has a 1.29% expense ratio, which is higher than EWY's 0.59% expense ratio.
Risk-Adjusted Performance
KORU vs. EWY — Risk-Adjusted Performance Rank
KORU
EWY
KORU vs. EWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily South Korea Bull 3X Shares (KORU) and iShares MSCI South Korea ETF (EWY). 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.
Dividends
KORU vs. EWY - Dividend Comparison
KORU's dividend yield for the trailing twelve months is around 2.85%, more than EWY's 2.23% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily South Korea Bull 3X Shares | 2.85% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% | 0.00% | 0.00% | 0.00% |
EWY iShares MSCI South Korea ETF | 2.23% | 2.55% | 2.52% | 1.23% | 2.16% | 0.73% | 2.10% | 1.34% | 2.90% | 1.21% | 2.42% | 1.20% |
Drawdowns
KORU vs. EWY - Drawdown Comparison
The maximum KORU drawdown since its inception was -94.83%, which is greater than EWY's maximum drawdown of -74.14%. Use the drawdown chart below to compare losses from any high point for KORU and EWY. For additional features, visit the drawdowns tool.
Volatility
KORU vs. EWY - Volatility Comparison
Direxion Daily South Korea Bull 3X Shares (KORU) has a higher volatility of 18.94% compared to iShares MSCI South Korea ETF (EWY) at 6.34%. This indicates that KORU's price experiences larger fluctuations and is considered to be riskier than EWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.