LCDL vs. KORU

Last updated Jul 12, 2026

LCDL (GraniteShares 2x Long LCID Daily ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - LCDL is a Leveraged Equities fund actively managed by GraniteShares, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. LCDL is actively managed, while KORU is passively managed. Over the past year, LCDL returned -97.20% vs 581.75% for KORU. At a 0.28 correlation, their price movements are largely independent. LCDL charges 1.15%/yr vs 1.32%/yr for KORU.

Performance

LCDL vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long LCID Daily ETF (LCDL) and Direxion Daily MSCI South Korea Bull 3X Shares (KORU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LCDL achieves a -81.40% return, which is significantly lower than KORU's 206.79% return.

LCDL

• 1D: -8.59%
• 1M: 7.71%
• 6M: -83.58%
• YTD: -81.40%
• 1Y: -97.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -2.27%
• 1M: -33.85%
• 6M: 122.37%
• YTD: 206.79%
• 1Y: 581.75%
• 3Y*: 83.74%
• 5Y*: 8.55%
• 10Y*: 9.83%

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

LCDL vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
LCDL GraniteShares 2x Long LCID Daily ETF	-81.40%	-87.31%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	206.79%	394.16%

Correlation

The correlation between LCDL and KORU is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (All Time) Calculated using the full available price history since Apr 22, 2025	0.28

LCDL vs. KORU - Sectors Allocation Comparison

Sectors	LCDL	KORU
Consumer Cyclical	66.7%	5.5%
Basic Materials	-	1.4%
Communication Services	-	2.1%
Consumer Defensive	-	1.3%
Energy	-	0.9%
Financial Services	-	7.4%
Healthcare	-	2.5%
Industrials	-	15.2%
Real Estate	-	-
Technology	-	63.4%
Utilities	-	0.3%

Return for Risk

LCDL vs. KORU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LCDL

LCDL Risk / Return Rank: 2
LCDL Sharpe Ratio Rank: 4
LCDL Sortino Ratio Rank: 0
LCDL Omega Ratio Rank: 1
LCDL Calmar Ratio Rank: 0
LCDL Martin Ratio Rank: 3

KORU

KORU Risk / Return Rank: 93
KORU Sharpe Ratio Rank: 97
KORU Sortino Ratio Rank: 86
KORU Omega Ratio Rank: 89
KORU Calmar Ratio Rank: 97
KORU Martin Ratio Rank: 95

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.

LCDL vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long LCID Daily ETF (LCDL) 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.

	LCDL	KORU	Difference
Sharpe ratio: Return per unit of total volatility	-0.61	3.86	-4.47
Sortino ratio: Return per unit of downside risk	-2.27	3.09	-5.36
Omega ratio: Gain probability vs. loss probability	0.76	1.45	-0.68
Calmar ratio: Return relative to maximum drawdown	-0.99	9.28	-10.27
Martin ratio: Return relative to average drawdown	-1.18	24.23	-25.41

LCDL vs. KORU - Sharpe Ratio Comparison

The current LCDL Sharpe Ratio is -0.61, which is lower than the KORU Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of LCDL and KORU, 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

LCDL vs. KORU - Drawdown Comparison

The maximum LCDL drawdown since its inception was -98.76%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for LCDL and KORU.

Drawdown Indicators

	LCDL	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-98.76%	-95.79%	-2.97%
Max Drawdown (1Y) Largest decline over 1 year	-98.73%	-61.39%	-37.34%
Max Drawdown (3Y) Largest decline over 3 years	—	-73.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-98.43%	-55.96%	-42.47%
Average Drawdown Average peak-to-trough decline	-71.09%	-57.38%	-13.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	82.36%	23.48%	+58.88%

Volatility

LCDL vs. KORU - Volatility Comparison

The current volatility for GraniteShares 2x Long LCID Daily ETF (LCDL) is 58.95%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 73.55%. This indicates that LCDL 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.

Volatility by Period

	LCDL	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	58.95%	73.55%	-14.60%
Volatility (6M) Calculated over the trailing 6-month period	109.44%	142.90%	-33.46%
Volatility (1Y) Calculated over the trailing 1-year period	160.21%	147.64%	+12.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	153.57%	92.78%	+60.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	153.57%	83.70%	+69.87%

LCDL vs. KORU - Expense Ratio Comparison

LCDL has a 1.15% expense ratio, which is lower than KORU's 1.32% expense ratio.

Dividends

LCDL vs. KORU - Dividend Comparison

LCDL has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.28%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
LCDL GraniteShares 2x Long LCID Daily ETF	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 LCDL and KORU in my portfolio?

LCDL and KORU have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LCDL or KORU?

KORU has higher volatility (73.55%) compared to LCDL (58.95%). In terms of maximum drawdown, LCDL dropped -98.76% vs KORU's -95.79%.

Which ETF is better, LCDL or KORU?

On 1-year performance, KORU leads with 581.75% vs -97.20% for LCDL. On fees, LCDL is cheaper at 1.15% per year. On volatility, LCDL has been the lower-risk option at 58.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LCDL or KORU?

Over the 1-year period, KORU has performed better with a 581.75% return vs -97.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LCDL or KORU?

LCDL is cheaper with a 1.15% expense ratio, compared with 1.32% for KORU.

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

KORU has the higher dividend yield at 0.28%, compared with 0.00% for LCDL.

What is the main difference between LCDL and KORU?

LCDL is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.15% for LCDL and 1.32% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (3.86 vs -0.61), 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.