KORU vs. GEVG
KORU (Direxion Daily MSCI South Korea Bull 3X Shares) and GEVG (Leverage Shares 2X Long GEV Daily ETF) are both exchange-traded funds - KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index, while GEVG is a Leveraged Equities fund actively managed by Leverage Shares. KORU is passively managed, while GEVG is actively managed. Their 0.54 correlation means they have sometimes moved together and sometimes differently. KORU charges 1.32%/yr vs 0.75%/yr for GEVG.
Performance
KORU vs. GEVG - Performance Comparison
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Returns By Period
In the year-to-date period, KORU achieves a 65.13% return, which is significantly lower than GEVG's 83.92% return.
KORU
- 1D
- -7.92%
- 1M
- -44.63%
- 6M
- -13.80%
- YTD
- 65.13%
- 1Y
- 302.72%
- 3Y*
- 42.96%
- 5Y*
- -3.04%
- 10Y*
- 2.30%
- ALL TIME*
- -1.22%
GEVG
- 1D
- 1.30%
- 1M
- -23.99%
- 6M
- 50.84%
- YTD
- 83.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.08M | $1.70M | $2.00M | |
| $685.69M | $790.89M | $775.54M |
KORU vs. GEVG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 65.13% | 21.95% |
GEVG Leverage Shares 2X Long GEV Daily ETF | 83.92% | -11.27% |
Correlation
The correlation between KORU and GEVG is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.54 |
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Return for Risk
KORU vs. GEVG — Risk / Return Rank
KORU
GEVG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KORU vs. GEVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSCI South Korea Bull 3X Shares (KORU) and Leverage Shares 2X Long GEV Daily ETF (GEVG). 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.
| KORU | GEVG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.34 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.32 | — | — |
| Martin ratioReturn relative to average drawdown | 9.21 | — | — |
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Drawdowns
KORU vs. GEVG - Drawdown Comparison
The maximum KORU drawdown since its inception was -95.79%, which is greater than GEVG's maximum drawdown of -45.50%. Use the drawdown chart below to compare losses from any high point for KORU and GEVG.
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Drawdown Indicators
| KORU | GEVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.79% | -45.50% | -50.29% |
Max Drawdown (1Y)Largest decline over 1 year | -80.90% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -80.90% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -92.74% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.79% | — | — |
Current DrawdownCurrent decline from peak | -76.30% | -34.15% | -42.15% |
Average DrawdownAverage peak-to-trough decline | -57.44% | -13.33% | -44.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.12% | — | — |
Volatility
KORU vs. GEVG - Volatility Comparison
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Volatility by Period
| KORU | GEVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 64.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 154.02% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 159.66% | 106.13% | +53.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.56% | 106.13% | -9.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.82% | 106.13% | -20.31% |
KORU vs. GEVG - Expense Ratio Comparison
KORU has a 1.32% expense ratio, which is higher than GEVG's 0.75% expense ratio.
Dividends
KORU vs. GEVG - Dividend Comparison
KORU's dividend yield for the trailing twelve months is around 0.53%, while GEVG has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
GEVG Leverage Shares 2X Long GEV Daily 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 | 0.53% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
Frequently Asked Questions
KORU and GEVG have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GEVG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GEVG is cheaper with a 0.75% expense ratio, compared with 1.32% for KORU.
KORU has the higher dividend yield at 0.53%, compared with 0.00% for GEVG.
KORU is categorized as South Korea Equities, while GEVG is Leveraged Equities. They also come from different issuers: Direxion and Leverage Shares. Their fees differ too: 1.32% for KORU and 0.75% for GEVG.
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