KORU vs. LULG

Last updated Jul 18, 2026

KORU (Direxion Daily MSCI South Korea Bull 3X Shares) and LULG (Leverage Shares 2X Long LULU Daily ETF) are both exchange-traded funds - KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index, while LULG is a Leveraged Equities fund actively managed by Leverage Shares. KORU is passively managed, while LULG is actively managed. At a 0.14 correlation, their price movements are largely independent. KORU charges 1.32%/yr vs 0.75%/yr for LULG.

Performance

KORU vs. LULG - Performance Comparison

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

Returns By Period

In the year-to-date period, KORU achieves a 101.15% return, which is significantly higher than LULG's -73.00% return.

KORU

• 1D: -2.09%
• 1M: -60.06%
• 6M: 33.41%
• YTD: 101.15%
• 1Y: 339.17%
• 3Y*: 52.96%
• 5Y*: -0.60%
• 10Y*: 5.03%

LULG

• 1D: 2.42%
• 1M: 2.69%
• 6M: -72.06%
• YTD: -73.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KORU vs. LULG - Yearly Performance Comparison

	2026 (YTD)	2025
KORU Direxion Daily MSCI South Korea Bull 3X Shares	101.15%	6.65%
LULG Leverage Shares 2X Long LULU Daily ETF	-73.00%	55.59%

Correlation

The correlation between KORU and LULG is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.14

Return for Risk

KORU vs. LULG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

KORU

KORU Risk / Return Rank: 83
KORU Sharpe Ratio Rank: 87
KORU Sortino Ratio Rank: 72
KORU Omega Ratio Rank: 79
KORU Calmar Ratio Rank: 92
KORU Martin Ratio Rank: 85

LULG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. LULG - 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 LULU Daily ETF (LULG). 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	LULG	Difference
Sharpe ratio: Return per unit of total volatility	2.25	—	—
Sortino ratio: Return per unit of downside risk	2.61	—	—
Omega ratio: Gain probability vs. loss probability	1.37	—	—
Calmar ratio: Return relative to maximum drawdown	4.80	—	—
Martin ratio: Return relative to average drawdown	13.47	—	—

Drawdowns

KORU vs. LULG - Drawdown Comparison

The maximum KORU drawdown since its inception was -95.79%, which is greater than LULG's maximum drawdown of -79.88%. Use the drawdown chart below to compare losses from any high point for KORU and LULG.

Drawdown Indicators

	KORU	LULG	Difference
Max Drawdown Largest peak-to-trough decline	-95.79%	-79.88%	-15.91%
Max Drawdown (1Y) Largest decline over 1 year	-71.13%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-73.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-92.74%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-95.79%	—	—
Current Drawdown Current decline from peak	-71.13%	-74.99%	+3.86%
Average Drawdown Average peak-to-trough decline	-57.40%	-40.32%	-17.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.32%	—	—

Volatility

Volatility by Period

	KORU	LULG	Difference
Volatility (1M) Calculated over the trailing 1-month period	70.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	147.46%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	151.65%	86.92%	+64.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.00%	86.92%	+7.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.35%	86.92%	-2.57%

KORU vs. LULG - Expense Ratio Comparison

KORU has a 1.32% expense ratio, which is higher than LULG's 0.75% expense ratio.

Dividends

KORU vs. LULG - Dividend Comparison

KORU's dividend yield for the trailing twelve months is around 0.43%, while LULG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.43%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
LULG Leverage Shares 2X Long LULU Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KORU and LULG in my portfolio?

KORU and LULG have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, KORU or LULG?

On fees, LULG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, KORU or LULG?

LULG is cheaper with a 0.75% expense ratio, compared with 1.32% for KORU.

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

KORU has the higher dividend yield at 0.43%, compared with 0.00% for LULG.

What is the main difference between KORU and LULG?

KORU is categorized as South Korea Equities, while LULG 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 LULG.