KORU vs. NVDL

Last updated Jul 17, 2026

KORU (Direxion Daily MSCI South Korea Bull 3X Shares) and NVDL (GraniteShares 2x Long NVDA Daily ETF) are both exchange-traded funds - KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index, while NVDL is a Leveraged Equities fund actively managed by GraniteShares. KORU is passively managed, while NVDL is actively managed. Over the past 3 years, KORU returned 53.48%/yr vs 87.61%/yr for NVDL. At a 0.43 correlation, their price movements are largely independent. KORU charges 1.32%/yr vs 1.05%/yr for NVDL.

Performance

KORU vs. NVDL - 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 GraniteShares 2x Long NVDA Daily ETF (NVDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, KORU achieves a 105.44% return, which is significantly higher than NVDL's 8.36% return.

KORU

• 1D: -14.72%
• 1M: -59.41%
• 6M: 40.56%
• YTD: 105.44%
• 1Y: 347.48%
• 3Y*: 53.48%
• 5Y*: -0.18%
• 10Y*: 4.90%

NVDL

• 1D: -4.73%
• 1M: -2.06%
• 6M: 8.38%
• YTD: 8.36%
• 1Y: 16.02%
• 3Y*: 87.61%
• 5Y*: —
• 10Y*: —

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

KORU vs. NVDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
KORU Direxion Daily MSCI South Korea Bull 3X Shares	105.44%	432.73%	-62.18%	28.61%	-7.31%
NVDL GraniteShares 2x Long NVDA Daily ETF	8.36%	32.57%	344.58%	432.18%	-28.71%

Correlation

The correlation between KORU and NVDL is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022	0.43

KORU vs. NVDL - Sectors Allocation Comparison

Sectors	KORU	NVDL
Technology	63.4%	100.0%
Industrials	15.2%	0.0%
Financial Services	7.4%	100.0%
Consumer Cyclical	5.5%	0.0%
Healthcare	2.5%	0.0%
Communication Services	2.1%	0.0%
Basic Materials	1.4%	0.0%
Consumer Defensive	1.3%	0.0%
Energy	0.9%	0.0%
Utilities	0.3%	0.0%
Real Estate	-	0.0%

Return for Risk

KORU vs. NVDL — Risk / Return Rank

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

KORU

KORU Risk / Return Rank: 84
KORU Sharpe Ratio Rank: 88
KORU Sortino Ratio Rank: 73
KORU Omega Ratio Rank: 80
KORU Calmar Ratio Rank: 93
KORU Martin Ratio Rank: 86

NVDL

NVDL Risk / Return Rank: 15
NVDL Sharpe Ratio Rank: 13
NVDL Sortino Ratio Rank: 18
NVDL Omega Ratio Rank: 17
NVDL Calmar Ratio Rank: 14
NVDL Martin Ratio Rank: 14

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. NVDL - 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 GraniteShares 2x Long NVDA Daily ETF (NVDL). 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	NVDL	Difference
Sharpe ratio: Return per unit of total volatility	2.31	0.23	+2.08
Sortino ratio: Return per unit of downside risk	2.63	0.83	+1.80
Omega ratio: Gain probability vs. loss probability	1.37	1.10	+0.28
Calmar ratio: Return relative to maximum drawdown	4.97	0.38	+4.59
Martin ratio: Return relative to average drawdown	14.03	0.78	+13.25

KORU vs. NVDL - Sharpe Ratio Comparison

The current KORU Sharpe Ratio is 2.31, which is higher than the NVDL Sharpe Ratio of 0.23. The chart below compares the historical Sharpe Ratios of KORU and NVDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

KORU vs. NVDL - Drawdown Comparison

The maximum KORU drawdown since its inception was -95.79%, which is greater than NVDL's maximum drawdown of -67.55%. Use the drawdown chart below to compare losses from any high point for KORU and NVDL.

Drawdown Indicators

	KORU	NVDL	Difference
Max Drawdown Largest peak-to-trough decline	-95.79%	-67.55%	-28.24%
Max Drawdown (1Y) Largest decline over 1 year	-70.51%	-42.23%	-28.28%
Max Drawdown (3Y) Largest decline over 3 years	-73.34%	-67.55%	-5.79%
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	-70.51%	-26.10%	-44.41%
Average Drawdown Average peak-to-trough decline	-57.39%	-17.29%	-40.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.92%	20.67%	+4.25%

Volatility

KORU vs. NVDL - Volatility Comparison

Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a higher volatility of 70.60% compared to GraniteShares 2x Long NVDA Daily ETF (NVDL) at 21.90%. This indicates that KORU's price experiences larger fluctuations and is considered to be riskier than NVDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KORU	NVDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	70.60%	21.90%	+48.70%
Volatility (6M) Calculated over the trailing 6-month period	147.53%	55.30%	+92.23%
Volatility (1Y) Calculated over the trailing 1-year period	151.62%	71.23%	+80.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.03%	90.13%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.35%	90.13%	-5.78%

KORU vs. NVDL - Expense Ratio Comparison

KORU has a 1.32% expense ratio, which is higher than NVDL's 1.05% expense ratio.

Dividends

KORU vs. NVDL - Dividend Comparison

KORU's dividend yield for the trailing twelve months is around 0.42%, while NVDL 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	0.42%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
NVDL GraniteShares 2x Long NVDA Daily ETF	0.00%	0.00%	0.00%	11.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both KORU and NVDL in my portfolio?

KORU and NVDL have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, KORU or NVDL?

KORU has higher volatility (70.60%) compared to NVDL (21.90%). In terms of maximum drawdown, KORU dropped -95.79% vs NVDL's -67.55%.

Which ETF is better, KORU or NVDL?

On 3-year performance, NVDL leads with 87.61% vs 53.48% for KORU. On fees, NVDL is cheaper at 1.05% per year. On volatility, NVDL has been the lower-risk option at 21.90%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KORU or NVDL?

Over the 3-year period, NVDL has performed better with a 87.61% return vs 53.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KORU or NVDL?

NVDL is cheaper with a 1.05% expense ratio, compared with 1.32% for KORU.

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

KORU has the higher dividend yield at 0.42%, compared with 0.00% for NVDL.

What is the main difference between KORU and NVDL?

KORU is categorized as South Korea Equities, while NVDL is Leveraged Equities. They also come from different issuers: Direxion and GraniteShares. Their fees differ too: 1.32% for KORU and 1.05% for NVDL.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (2.31 vs 0.23), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.