KORU vs. XXXX

Last updated Jul 17, 2026

KORU (Direxion Daily MSCI South Korea Bull 3X Shares) and XXXX (MAX S&P 500 4X Leveraged ETN) are both exchange-traded funds - KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index, while XXXX is a Leveraged Equities fund tracking the S&P 500 Index (400%). Both are passively managed. Over the past year, KORU returned 347.48% vs 51.18% for XXXX. A 0.59 correlation means they provide meaningful diversification when combined. KORU charges 1.32%/yr vs 2.95%/yr for XXXX.

Performance

KORU vs. XXXX - 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 MAX S&P 500 4X Leveraged ETN (XXXX). 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 XXXX's 22.43% 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%

XXXX

• 1D: -2.13%
• 1M: -1.38%
• 6M: 16.54%
• YTD: 22.43%
• 1Y: 51.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

KORU vs. XXXX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
KORU Direxion Daily MSCI South Korea Bull 3X Shares	105.44%	432.73%	-62.18%	25.12%
XXXX MAX S&P 500 4X Leveraged ETN	22.43%	17.36%	61.36%	16.77%

Correlation

The correlation between KORU and XXXX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (All Time) Calculated using the full available price history since Dec 5, 2023	0.59

The correlation between KORU and XXXX has been stable across timeframes, ranging from 0.59 to 0.64 - a consistent structural relationship.

Return for Risk

KORU vs. XXXX — 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

XXXX

XXXX Risk / Return Rank: 35
XXXX Sharpe Ratio Rank: 35
XXXX Sortino Ratio Rank: 35
XXXX Omega Ratio Rank: 35
XXXX Calmar Ratio Rank: 33
XXXX Martin Ratio Rank: 39

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. XXXX - 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 MAX S&P 500 4X Leveraged ETN (XXXX). 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	XXXX	Difference
Sharpe ratio: Return per unit of total volatility	2.31	1.04	+1.27
Sortino ratio: Return per unit of downside risk	2.63	1.55	+1.08
Omega ratio: Gain probability vs. loss probability	1.37	1.20	+0.17
Calmar ratio: Return relative to maximum drawdown	4.97	1.38	+3.59
Martin ratio: Return relative to average drawdown	14.03	4.97	+9.06

KORU vs. XXXX - Sharpe Ratio Comparison

The current KORU Sharpe Ratio is 2.31, which is higher than the XXXX Sharpe Ratio of 1.04. The chart below compares the historical Sharpe Ratios of KORU and XXXX, 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. XXXX - Drawdown Comparison

The maximum KORU drawdown since its inception was -95.79%, which is greater than XXXX's maximum drawdown of -62.27%. Use the drawdown chart below to compare losses from any high point for KORU and XXXX.

Drawdown Indicators

	KORU	XXXX	Difference
Max Drawdown Largest peak-to-trough decline	-95.79%	-62.27%	-33.52%
Max Drawdown (1Y) Largest decline over 1 year	-70.51%	-37.25%	-33.26%
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	-70.51%	-8.05%	-62.46%
Average Drawdown Average peak-to-trough decline	-57.39%	-11.51%	-45.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	24.92%	10.33%	+14.59%

Volatility

KORU vs. XXXX - Volatility Comparison

Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a higher volatility of 70.60% compared to MAX S&P 500 4X Leveraged ETN (XXXX) at 13.67%. This indicates that KORU's price experiences larger fluctuations and is considered to be riskier than XXXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KORU	XXXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	70.60%	13.67%	+56.93%
Volatility (6M) Calculated over the trailing 6-month period	147.53%	39.78%	+107.75%
Volatility (1Y) Calculated over the trailing 1-year period	151.62%	49.68%	+101.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	94.03%	60.73%	+33.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	84.35%	60.73%	+23.62%

KORU vs. XXXX - Expense Ratio Comparison

KORU has a 1.32% expense ratio, which is lower than XXXX's 2.95% expense ratio.

Dividends

KORU vs. XXXX - Dividend Comparison

KORU's dividend yield for the trailing twelve months is around 0.42%, while XXXX 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%
XXXX MAX S&P 500 4X Leveraged ETN	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 XXXX in my portfolio?

KORU and XXXX have a correlation of 0.64, 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 XXXX?

KORU has higher volatility (70.60%) compared to XXXX (13.67%). In terms of maximum drawdown, KORU dropped -95.79% vs XXXX's -62.27%.

Which ETF is better, KORU or XXXX?

On 1-year performance, KORU leads with 347.48% vs 51.18% for XXXX. On fees, KORU is cheaper at 1.32% per year. On volatility, XXXX has been the lower-risk option at 13.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, KORU or XXXX?

Over the 1-year period, KORU has performed better with a 347.48% return vs 51.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, KORU or XXXX?

KORU is cheaper with a 1.32% expense ratio, compared with 2.95% for XXXX.

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

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

What is the main difference between KORU and XXXX?

KORU is categorized as South Korea Equities, while XXXX is Leveraged Equities. KORU tracks MSCI Korea 25/50 Index, while XXXX tracks S&P 500 Index (400%). They also come from different issuers: Direxion and Max. Their fees differ too: 1.32% for KORU and 2.95% for XXXX.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (2.31 vs 1.04), 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.