LLYX vs. KORU

Last updated Jul 14, 2026

LLYX (Defiance Daily Target 2X Long LLY ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - LLYX is a Leveraged Equities fund actively managed by Defiance, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. LLYX is actively managed, while KORU is passively managed. Over the past year, LLYX returned 69.76% vs 413.07% for KORU. At a 0.14 correlation, their price movements are largely independent. Both charge a 1.32% expense ratio.

Performance

LLYX vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2X Long LLY ETF (LLYX) 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, LLYX achieves a 5.53% return, which is significantly lower than KORU's 130.89% return.

LLYX

• 1D: -0.33%
• 1M: 7.64%
• 6M: 5.41%
• YTD: 5.53%
• 1Y: 69.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -24.74%
• 1M: -49.18%
• 6M: 66.57%
• YTD: 130.89%
• 1Y: 413.07%
• 3Y*: 60.31%
• 5Y*: 1.85%
• 10Y*: 6.31%

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

LLYX vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LLYX Defiance Daily Target 2X Long LLY ETF	5.53%	44.29%	-23.22%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	130.89%	432.73%	-41.71%

Correlation

The correlation between LLYX and KORU is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Aug 8, 2024	0.14

Return for Risk

LLYX vs. KORU — Risk / Return Rank

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

LLYX

LLYX Risk / Return Rank: 35
LLYX Sharpe Ratio Rank: 31
LLYX Sortino Ratio Rank: 38
LLYX Omega Ratio Rank: 40
LLYX Calmar Ratio Rank: 36
LLYX Martin Ratio Rank: 29

KORU

KORU Risk / Return Rank: 89
KORU Sharpe Ratio Rank: 94
KORU Sortino Ratio Rank: 79
KORU Omega Ratio Rank: 85
KORU Calmar Ratio Rank: 95
KORU Martin Ratio Rank: 92

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.

LLYX vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long LLY ETF (LLYX) 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.

	LLYX	KORU	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.78	-1.86
Sortino ratio: Return per unit of downside risk	1.63	2.78	-1.14
Omega ratio: Gain probability vs. loss probability	1.22	1.40	-0.19
Calmar ratio: Return relative to maximum drawdown	1.48	6.23	-4.75
Martin ratio: Return relative to average drawdown	3.29	17.42	-14.13

LLYX vs. KORU - Sharpe Ratio Comparison

The current LLYX Sharpe Ratio is 0.92, which is lower than the KORU Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of LLYX 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

LLYX vs. KORU - Drawdown Comparison

The maximum LLYX drawdown since its inception was -67.98%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for LLYX and KORU.

Drawdown Indicators

	LLYX	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-67.98%	-95.79%	+27.81%
Max Drawdown (1Y) Largest decline over 1 year	-47.36%	-66.86%	+19.50%
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	-8.68%	-66.86%	+58.18%
Average Drawdown Average peak-to-trough decline	-32.33%	-57.39%	+25.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.25%	23.85%	-2.60%

Volatility

LLYX vs. KORU - Volatility Comparison

The current volatility for Defiance Daily Target 2X Long LLY ETF (LLYX) is 18.66%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 78.13%. This indicates that LLYX 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

	LLYX	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.66%	78.13%	-59.47%
Volatility (6M) Calculated over the trailing 6-month period	53.88%	145.83%	-91.95%
Volatility (1Y) Calculated over the trailing 1-year period	76.46%	150.12%	-73.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	75.59%	93.49%	-17.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.59%	84.08%	-8.49%

LLYX vs. KORU - Expense Ratio Comparison

Both LLYX and KORU have an expense ratio of 1.32%.

Dividends

LLYX vs. KORU - Dividend Comparison

LLYX's dividend yield for the trailing twelve months is around 2.62%, more than KORU's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.38%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
LLYX Defiance Daily Target 2X Long LLY ETF	2.62%	2.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LLYX and KORU in my portfolio?

LLYX and KORU have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LLYX or KORU?

KORU has higher volatility (78.13%) compared to LLYX (18.66%). In terms of maximum drawdown, LLYX dropped -67.98% vs KORU's -95.79%.

Which ETF is better, LLYX or KORU?

On 1-year performance, KORU leads with 413.07% vs 69.76% for LLYX. Both ETFs have the same 1.32% expense ratio. On volatility, LLYX has been the lower-risk option at 18.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LLYX or KORU?

Over the 1-year period, KORU has performed better with a 413.07% return vs 69.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LLYX or KORU?

LLYX and KORU have the same expense ratio: 1.32% per year.

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

LLYX has the higher dividend yield at 2.62%, compared with 0.38% for KORU.

What is the main difference between LLYX and KORU?

LLYX is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: Defiance and Direxion.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (2.78 vs 0.92), 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.