KORU vs. TMF
KORU (Direxion Daily MSCI South Korea Bull 3X Shares) and TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) are both exchange-traded funds - KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index, while TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond Index (300%). Both are passively managed. Over the past 10 years, KORU returned 4.90%/yr vs -17.81%/yr for TMF. At a correlation of -0.07, they often move in opposite directions. KORU charges 1.32%/yr vs 1.01%/yr for TMF.
Performance
KORU vs. TMF - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, KORU achieves a 105.44% return, which is significantly higher than TMF's -10.00% return. Over the past 10 years, KORU has outperformed TMF with an annualized return of 4.90%, while TMF has yielded a comparatively lower -17.81% annualized 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%
TMF
- 1D
- -0.03%
- 1M
- -6.57%
- 6M
- -13.01%
- YTD
- -10.00%
- 1Y
- -2.84%
- 3Y*
- -21.08%
- 5Y*
- -33.44%
- 10Y*
- -17.81%
KORU vs. TMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 105.44% | 432.73% | -62.18% | 28.61% | -70.16% | -33.86% | 48.78% | 5.47% | -59.89% | 167.08% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -10.00% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
Correlation
The correlation between KORU and TMF is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.07 |
The correlation between KORU and TMF shifts across timeframes, from -0.07 (all time) to 0.24 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
KORU vs. TMF — Risk / Return Rank
KORU
TMF
KORU vs. TMF - 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 Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF). 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 | TMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.01 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 4.97 | -0.11 | +5.07 |
| Martin ratioReturn relative to average drawdown | 14.03 | -0.22 | +14.24 |
Loading charts...
Drawdowns
KORU vs. TMF - Drawdown Comparison
The maximum KORU drawdown since its inception was -95.79%, roughly equal to the maximum TMF drawdown of -92.89%. Use the drawdown chart below to compare losses from any high point for KORU and TMF.
Loading charts...
Drawdown Indicators
| KORU | TMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.79% | -92.89% | -2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -70.51% | -26.51% | -44.00% |
Max Drawdown (3Y)Largest decline over 3 years | -73.34% | -55.14% | -18.20% |
Max Drawdown (5Y)Largest decline over 5 years | -92.74% | -88.81% | -3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -95.79% | -92.89% | -2.90% |
Current DrawdownCurrent decline from peak | -70.51% | -92.55% | +22.04% |
Average DrawdownAverage peak-to-trough decline | -57.39% | -43.94% | -13.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.92% | 13.06% | +11.86% |
Volatility
KORU vs. TMF - Volatility Comparison
Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a higher volatility of 70.60% compared to Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) at 7.49%. This indicates that KORU's price experiences larger fluctuations and is considered to be riskier than TMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| KORU | TMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 70.60% | 7.49% | +63.11% |
Volatility (6M)Calculated over the trailing 6-month period | 147.53% | 19.82% | +127.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 151.62% | 27.47% | +124.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 94.03% | 46.49% | +47.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 84.35% | 43.70% | +40.65% |
KORU vs. TMF - Expense Ratio Comparison
KORU has a 1.32% expense ratio, which is higher than TMF's 1.01% expense ratio.
Dividends
KORU vs. TMF - Dividend Comparison
KORU's dividend yield for the trailing twelve months is around 0.42%, less than TMF's 4.39% yield.
| 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% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.39% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
KORU and TMF have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (70.60%) compared to TMF (7.49%). In terms of maximum drawdown, KORU dropped -95.79% vs TMF's -92.89%.
On 10-year performance, KORU leads with 4.90% vs -17.81% for TMF. On fees, TMF is cheaper at 1.01% per year. On volatility, TMF has been the lower-risk option at 7.49%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KORU has performed better with a 4.90% return vs -17.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMF is cheaper with a 1.01% expense ratio, compared with 1.32% for KORU.
TMF has the higher dividend yield at 4.39%, compared with 0.42% for KORU.
KORU is categorized as South Korea Equities, while TMF is Leveraged Bonds. KORU tracks MSCI Korea 25/50 Index, while TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%). Their fees differ too: 1.32% for KORU and 1.01% for TMF.
KORU currently has the higher Sharpe Ratio (2.31 vs -0.10), 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.
Find the right allocation for KORU and TMF
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer