KORU vs. KMCA
KORU (Direxion Daily MSCI South Korea Bull 3X Shares) and KMCA (PLUS Korea Manufacturing Core Alliance Index ETF) are both South Korea Equities funds - KORU tracks the MSCI Korea 25/50 Index while KMCA tracks the Akros Korea Manufacturing Core Alliance Index. Both are passively managed. Their correlation of 0.88 means they have usually moved in the same direction. KORU charges 1.32%/yr vs 0.65%/yr for KMCA.
Performance
KORU vs. KMCA - Performance Comparison
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Returns By Period
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%
KMCA
- 1D
- -1.80%
- 1M
- -21.25%
- 6M
- —
- YTD
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $150.15K | $231.06K | $267.27K | |
| $685.69M | $790.89M | $775.54M |
KORU vs. KMCA - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | -64.27% |
KMCA PLUS Korea Manufacturing Core Alliance Index ETF | -30.63% |
Correlation
The correlation between KORU and KMCA is 0.88, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 7, 2026 | 0.88 |
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Return for Risk
KORU vs. KMCA — Risk / Return Rank
KORU
KMCA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
KORU vs. KMCA - 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 PLUS Korea Manufacturing Core Alliance Index ETF (KMCA). 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 | KMCA | 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. KMCA - Drawdown Comparison
The maximum KORU drawdown since its inception was -95.79%, which is greater than KMCA's maximum drawdown of -39.30%. Use the drawdown chart below to compare losses from any high point for KORU and KMCA.
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Drawdown Indicators
| KORU | KMCA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.79% | -39.30% | -56.49% |
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% | -35.47% | -40.83% |
Average DrawdownAverage peak-to-trough decline | -57.44% | -14.77% | -42.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.12% | — | — |
Volatility
KORU vs. KMCA - Volatility Comparison
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Volatility by Period
| KORU | KMCA | 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% | 74.58% | +85.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.56% | 74.58% | +21.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.82% | 74.58% | +11.24% |
KORU vs. KMCA - Expense Ratio Comparison
KORU has a 1.32% expense ratio, which is higher than KMCA's 0.65% expense ratio.
Dividends
KORU vs. KMCA - Dividend Comparison
KORU's dividend yield for the trailing twelve months is around 0.53%, while KMCA has not paid dividends to shareholders.
| 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 | 0.53% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
Frequently Asked Questions
KORU and KMCA have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
KMCA is cheaper with a 0.65% expense ratio, compared with 1.32% for KORU.
KORU has the higher dividend yield at 0.53%, compared with 0.00% for KMCA.
KORU tracks MSCI Korea 25/50 Index, while KMCA tracks Akros Korea Manufacturing Core Alliance Index. They also come from different issuers: Direxion and PLUS. Their fees differ too: 1.32% for KORU and 0.65% for KMCA.
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