KORU vs. HFEQ
KORU (Direxion Daily South Korea Bull 3X Shares) and HFEQ (Unlimited HFEQ Equity Long/Short ETF) are both exchange-traded funds - KORU is a Leveraged Equities fund tracking the MSCI Korea 25-50 Index, while HFEQ is a Long-Short fund actively managed by Unlimited. KORU is passively managed, while HFEQ is actively managed. A 0.66 correlation means they provide meaningful diversification when combined. KORU charges 1.29%/yr vs 1.00%/yr for HFEQ.
Performance
KORU vs. HFEQ - Performance Comparison
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Returns By Period
In the year-to-date period, KORU achieves a 290.75% return, which is significantly higher than HFEQ's 9.98% return.
KORU
- 1D
- 16.30%
- 1M
- -24.70%
- YTD
- 290.75%
- 6M
- 339.95%
- 1Y
- 1,038.83%
- 3Y*
- 90.94%
- 5Y*
- 12.79%
- 10Y*
- 13.25%
HFEQ
- 1D
- -3.97%
- 1M
- -2.31%
- YTD
- 9.98%
- 6M
- 9.64%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
KORU vs. HFEQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
KORU Direxion Daily South Korea Bull 3X Shares | 290.75% | 117.68% |
HFEQ Unlimited HFEQ Equity Long/Short ETF | 9.98% | 14.92% |
Correlation
The correlation between KORU and HFEQ is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 16, 2025 | 0.66 |
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Return for Risk
KORU vs. HFEQ — Risk / Return Rank
KORU
HFEQ
KORU vs. HFEQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily South Korea Bull 3X Shares (KORU) and Unlimited HFEQ Equity Long/Short ETF (HFEQ). 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 | HFEQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 17.10 | — | — |
| Martin ratioReturn relative to average drawdown | 52.85 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| KORU | HFEQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 7.91 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 1.37 | -1.30 |
Drawdowns
KORU vs. HFEQ - Drawdown Comparison
The maximum KORU drawdown since its inception was -95.79%, which is greater than HFEQ's maximum drawdown of -12.46%. Use the drawdown chart below to compare losses from any high point for KORU and HFEQ.
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Drawdown Indicators
| KORU | HFEQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.79% | -12.46% | -83.33% |
Max Drawdown (1Y)Largest decline over 1 year | -61.39% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -73.71% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -93.34% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -95.79% | — | — |
Current DrawdownCurrent decline from peak | -43.91% | -3.97% | -39.94% |
Average DrawdownAverage peak-to-trough decline | -57.51% | -2.45% | -55.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.83% | — | — |
Volatility
KORU vs. HFEQ - Volatility Comparison
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Volatility by Period
| KORU | HFEQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 82.40% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 125.52% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 132.99% | 21.94% | +111.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 87.63% | 21.94% | +65.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 81.26% | 21.94% | +59.32% |
KORU vs. HFEQ - Expense Ratio Comparison
KORU has a 1.29% expense ratio, which is higher than HFEQ's 1.00% expense ratio.
Dividends
KORU vs. HFEQ - Dividend Comparison
KORU's dividend yield for the trailing twelve months is around 0.24%, while HFEQ has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
HFEQ Unlimited HFEQ Equity Long/Short ETF | 9.59% | 10.55% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
KORU Direxion Daily South Korea Bull 3X Shares | 0.24% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
Frequently Asked Questions
KORU and HFEQ have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HFEQ is cheaper at 1.00% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HFEQ is cheaper with a 1.00% expense ratio, compared with 1.29% for KORU.
HFEQ has the higher dividend yield at 9.59%, compared with 0.24% for KORU.
KORU is categorized as Leveraged Equities, while HFEQ is Long-Short. They also come from different issuers: Direxion and Unlimited. Their fees differ too: 1.29% for KORU and 1.00% for HFEQ.
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