KRWL.L vs. 3KOR.L
KRWL.L (Lyxor MSCI Korea UCITS ETF - Acc) and 3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) are both South Korea Equities funds. KRWL.L is passively managed, while 3KOR.L is actively managed. Over the past 3 years, KRWL.L returned 37.73%/yr vs 49.40%/yr for 3KOR.L. Their correlation of 0.95 suggests significant overlap in exposure. KRWL.L charges 0.45%/yr vs 0.75%/yr for 3KOR.L.
Performance
KRWL.L vs. 3KOR.L - Performance Comparison
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Different Trading Currencies
KRWL.L is traded in GBp, while 3KOR.L is traded in USD. To make them comparable, the 3KOR.L values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, KRWL.L achieves a 72.32% return, which is significantly lower than 3KOR.L's 124.48% return.
KRWL.L
- 1D
- -3.95%
- 1M
- -19.61%
- 6M
- 54.24%
- YTD
- 72.32%
- 1Y
- 142.09%
- 3Y*
- 37.73%
- 5Y*
- 15.69%
- 10Y*
- 14.16%
3KOR.L
- 1D
- -11.21%
- 1M
- -56.43%
- 6M
- 66.70%
- YTD
- 124.48%
- 1Y
- 375.45%
- 3Y*
- 49.40%
- 5Y*
- —
- 10Y*
- —
KRWL.L vs. 3KOR.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
KRWL.L Lyxor MSCI Korea UCITS ETF - Acc | 72.32% | 86.86% | -21.27% | 13.04% | -12.08% |
3KOR.L Leverage Shares 3x Long South Korea ETP Securities | 124.48% | 324.15% | -61.68% | 9.27% | -54.74% |
Correlation
The correlation between KRWL.L and 3KOR.L is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022 | 0.95 |
The correlation between KRWL.L and 3KOR.L has been stable across timeframes, ranging from 0.95 to 0.97 - a consistent structural relationship.
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Return for Risk
KRWL.L vs. 3KOR.L — Risk / Return Rank
KRWL.L
3KOR.L
KRWL.L vs. 3KOR.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.L). 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.
| KRWL.L | 3KOR.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.39 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.89 | 5.76 | +0.13 |
| Martin ratioReturn relative to average drawdown | 18.78 | 15.71 | +3.08 |
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Drawdowns
KRWL.L vs. 3KOR.L - Drawdown Comparison
The maximum KRWL.L drawdown since its inception was -99.01%, which is greater than 3KOR.L's maximum drawdown of -85.83%. Use the drawdown chart below to compare losses from any high point for KRWL.L and 3KOR.L.
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Drawdown Indicators
| KRWL.L | 3KOR.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.01% | -85.83% | -13.18% |
Max Drawdown (1Y)Largest decline over 1 year | -23.99% | -64.70% | +40.71% |
Max Drawdown (3Y)Largest decline over 3 years | -28.42% | -74.96% | +46.54% |
Max Drawdown (5Y)Largest decline over 5 years | -39.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -99.01% | — | — |
Current DrawdownCurrent decline from peak | -23.99% | -64.70% | +40.71% |
Average DrawdownAverage peak-to-trough decline | -16.75% | -52.67% | +35.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.53% | 23.77% | -16.24% |
Volatility
KRWL.L vs. 3KOR.L - Volatility Comparison
The current volatility for Lyxor MSCI Korea UCITS ETF - Acc (KRWL.L) is 20.48%, while Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a volatility of 61.37%. This indicates that KRWL.L experiences smaller price fluctuations and is considered to be less risky than 3KOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KRWL.L | 3KOR.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 20.48% | 61.37% | -40.89% |
Volatility (6M)Calculated over the trailing 6-month period | 39.36% | 119.63% | -80.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.12% | 128.33% | -85.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.28% | 86.79% | -59.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2,803.73% | 86.79% | +2,716.94% |
KRWL.L vs. 3KOR.L - Expense Ratio Comparison
KRWL.L has a 0.45% expense ratio, which is lower than 3KOR.L's 0.75% expense ratio.
Dividends
KRWL.L vs. 3KOR.L - Dividend Comparison
Neither KRWL.L nor 3KOR.L has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, KRWL.L and 3KOR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, KRWL.L is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
KRWL.L is cheaper with a 0.45% expense ratio, compared with 0.75% for 3KOR.L.
They also come from different issuers: Amundi and Leverage Shares. Their fees differ too: 0.45% for KRWL.L and 0.75% for 3KOR.L.
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