LABD vs. KORU
LABD (Direxion Daily S&P Biotech Bear 3x Shares) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - LABD is a Leveraged Equities fund tracking the S&P Biotechnology Select Industry Index (-300%), while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. Both are passively managed. Over the past 10 years, LABD returned -58.05%/yr vs 4.90%/yr for KORU. At a correlation of -0.38, they often move in opposite directions. LABD charges 1.06%/yr vs 1.32%/yr for KORU.
Performance
LABD vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, LABD achieves a -58.72% return, which is significantly lower than KORU's 105.44% return. Over the past 10 years, LABD has underperformed KORU with an annualized return of -58.05%, while KORU has yielded a comparatively higher 4.90% annualized return.
LABD
- 1D
- 8.60%
- 1M
- -31.85%
- 6M
- -55.64%
- YTD
- -58.72%
- 1Y
- -85.70%
- 3Y*
- -58.22%
- 5Y*
- -47.09%
- 10Y*
- -58.05%
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%
LABD vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LABD Direxion Daily S&P Biotech Bear 3x Shares | -58.72% | -70.07% | -21.43% | -41.77% | -32.68% | 1.86% | -89.75% | -70.80% | -6.26% | -75.67% |
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% |
Correlation
The correlation between LABD and KORU is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since May 28, 2015 | -0.38 |
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Return for Risk
LABD vs. KORU — Risk / Return Rank
LABD
KORU
LABD vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily S&P Biotech Bear 3x Shares (LABD) and Direxion Daily MSCI South Korea Bull 3X Shares (KORU). 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.
| LABD | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.39 | ||
| Sortino ratioReturn per unit of downside risk | -5.22 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.37 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 4.97 | -5.92 |
| Martin ratioReturn relative to average drawdown | -1.33 | 14.03 | -15.35 |
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Drawdowns
LABD vs. KORU - Drawdown Comparison
The maximum LABD drawdown since its inception was -100.00%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for LABD and KORU.
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Drawdown Indicators
| LABD | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -95.79% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -89.59% | -70.51% | -19.08% |
Max Drawdown (3Y)Largest decline over 3 years | -97.43% | -73.34% | -24.09% |
Max Drawdown (5Y)Largest decline over 5 years | -99.04% | -92.74% | -6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -95.79% | -4.20% |
Current DrawdownCurrent decline from peak | -99.99% | -70.51% | -29.48% |
Average DrawdownAverage peak-to-trough decline | -91.04% | -57.39% | -33.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 64.54% | 24.92% | +39.62% |
Volatility
LABD vs. KORU - Volatility Comparison
The current volatility for Direxion Daily S&P Biotech Bear 3x Shares (LABD) is 25.77%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 70.60%. This indicates that LABD experiences smaller price fluctuations and is considered to be less risky than KORU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LABD | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.77% | 70.60% | -44.83% |
Volatility (6M)Calculated over the trailing 6-month period | 65.70% | 147.53% | -81.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 79.35% | 151.62% | -72.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.77% | 94.03% | +2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.75% | 84.35% | +11.40% |
LABD vs. KORU - Expense Ratio Comparison
LABD has a 1.06% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
LABD vs. KORU - Dividend Comparison
LABD's dividend yield for the trailing twelve months is around 7.61%, more than KORU's 0.42% 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% |
LABD Direxion Daily S&P Biotech Bear 3x Shares | 7.61% | 6.67% | 4.68% | 6.13% | 0.53% | 0.00% | 3.94% | 1.75% | 0.81% | 0.00% |
Frequently Asked Questions
LABD and KORU have a correlation of -0.33, 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 LABD (25.77%). In terms of maximum drawdown, LABD dropped -100.00% vs KORU's -95.79%.
On 10-year performance, KORU leads with 4.90% vs -58.05% for LABD. On fees, LABD is cheaper at 1.06% per year. On volatility, LABD has been the lower-risk option at 25.77%. 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 -58.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
LABD is cheaper with a 1.06% expense ratio, compared with 1.32% for KORU.
LABD has the higher dividend yield at 7.61%, compared with 0.42% for KORU.
LABD is categorized as Leveraged Equities, while KORU is South Korea Equities. LABD tracks S&P Biotechnology Select Industry Index (-300%), while KORU tracks MSCI Korea 25/50 Index. Their fees differ too: 1.06% for LABD and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (2.31 vs -1.08), 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.
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