LABD vs. KORU
LABD (Direxion Daily S&P Biotech Bear 3x Shares) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds from Direxion - LABD tracks the S&P Biotechnology Select Industry Index (-300%) while KORU tracks the MSCI Korea 25-50 Index. Both are passively managed. Over the past 10 years, LABD returned -56.11%/yr vs 19.62%/yr for KORU. At a correlation of -0.38, they often move in opposite directions. LABD charges 1.06%/yr vs 1.29%/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 -29.83% return, which is significantly lower than KORU's 559.14% return. Over the past 10 years, LABD has underperformed KORU with an annualized return of -56.11%, while KORU has yielded a comparatively higher 19.62% annualized return.
LABD
- 1D
- -4.73%
- 1M
- 4.70%
- YTD
- -29.83%
- 6M
- -31.22%
- 1Y
- -80.27%
- 3Y*
- -49.85%
- 5Y*
- -41.45%
- 10Y*
- -56.11%
KORU
- 1D
- -2.29%
- 1M
- 92.47%
- YTD
- 559.14%
- 6M
- 689.29%
- 1Y
- 2,160.10%
- 3Y*
- 132.56%
- 5Y*
- 23.42%
- 10Y*
- 19.62%
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 | -29.83% | -70.07% | -21.43% | -41.77% | -32.68% | 1.86% | -89.75% | -70.80% | -6.26% | -75.67% |
KORU Direxion Daily South Korea Bull 3X Shares | 559.14% | 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 -0.35, 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 | -0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.36 |
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 29, 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 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.
| LABD | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.69 | ||
| Sortino ratioReturn per unit of downside risk | -7.42 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.72 | -0.98 |
| Calmar ratioReturn relative to maximum drawdown | -0.97 | 35.65 | -36.61 |
| Martin ratioReturn relative to average drawdown | -1.31 | 112.99 | -114.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| LABD | KORU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.06 | 17.63 | -18.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.43 | 0.28 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.59 | 0.25 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.54 | 0.13 | -0.67 |
Drawdowns
LABD vs. KORU - Drawdown Comparison
The maximum LABD drawdown since its inception was -99.99%, 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 | -99.99% | -95.79% | -4.20% |
Max Drawdown (1Y)Largest decline over 1 year | -83.21% | -61.39% | -21.82% |
Max Drawdown (3Y)Largest decline over 3 years | -95.31% | -73.71% | -21.60% |
Max Drawdown (5Y)Largest decline over 5 years | -98.24% | -93.35% | -4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -99.98% | -95.79% | -4.19% |
Current DrawdownCurrent decline from peak | -99.99% | -5.39% | -94.60% |
Average DrawdownAverage peak-to-trough decline | -90.92% | -57.53% | -33.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 61.36% | 19.33% | +42.03% |
Volatility
LABD vs. KORU - Volatility Comparison
The current volatility for Direxion Daily S&P Biotech Bear 3x Shares (LABD) is 27.46%, while Direxion Daily South Korea Bull 3X Shares (KORU) has a volatility of 60.18%. 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 | 27.46% | 60.18% | -32.72% |
Volatility (6M)Calculated over the trailing 6-month period | 61.67% | 110.71% | -49.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 75.77% | 124.15% | -48.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.26% | 85.11% | +11.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 95.93% | 79.91% | +16.02% |
LABD vs. KORU - Expense Ratio Comparison
LABD has a 1.06% expense ratio, which is lower than KORU's 1.29% expense ratio.
Dividends
LABD vs. KORU - Dividend Comparison
LABD's dividend yield for the trailing twelve months is around 6.45%, more than KORU's 0.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily South Korea Bull 3X Shares | 0.14% | 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 | 6.45% | 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 -0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (60.18%) compared to LABD (27.46%). In terms of maximum drawdown, LABD dropped -99.99% vs KORU's -95.79%.
On 10-year performance, KORU leads with 19.62% vs -56.11% for LABD. On fees, LABD is cheaper at 1.06% per year. On volatility, LABD has been the lower-risk option at 27.46%. 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 19.62% return vs -56.11%. 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 1.29% for KORU.
LABD has the higher dividend yield at 6.45%, compared with 0.14% for KORU.
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 1.29% for KORU.
KORU currently has the higher Sharpe Ratio (17.63 vs -1.06), 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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