MRAL vs. KORU

Last updated Aug 4, 2026

MRAL (GraniteShares 2x Long MARA Daily ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - MRAL is a Leveraged Equities fund tracking the MARA Holdings Inc. (MARA), while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. Both are passively managed. Over the past year, MRAL returned -74.91% vs 326.36% for KORU. Their 0.46 correlation means their historical movements had little consistent relationship. MRAL charges 1.50%/yr vs 1.32%/yr for KORU.

Performance

MRAL vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long MARA Daily ETF (MRAL) 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, MRAL achieves a -1.05% return, which is significantly lower than KORU's 74.82% return.

MRAL

• 1D: 8.17%
• 1M: -18.04%
• 6M: 1.16%
• YTD: -1.05%
• 1Y: -74.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -70.92%

KORU

• 1D: 5.87%
• 1M: -41.38%
• 6M: -5.76%
• YTD: 74.82%
• 1Y: 326.36%
• 3Y*: 52.12%
• 5Y*: -3.49%
• 10Y*: 2.54%
• ALL TIME*: -0.80%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
KORU Direxion Daily MSCI South Korea Bull 3X Shares	$701.92M	$755.38M	$782.78M
MRAL GraniteShares 2x Long MARA Daily ETF	$4.03M	$5.01M	$7.58M

MRAL vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
MRAL GraniteShares 2x Long MARA Daily ETF	-1.05%	-82.23%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	74.82%	345.99%

Correlation

The correlation between MRAL and KORU is 0.51, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.51
Correlation (All Time) Calculated using the full available price history since Mar 7, 2025	0.46

The correlation between MRAL and KORU has been stable across timeframes, ranging from 0.46 to 0.51 - a consistent structural relationship.

MRAL vs. KORU - Sectors Allocation Comparison

Sectors	MRAL	KORU
Financial Services	66.7%	8.8%
Basic Materials	-	1.2%
Communication Services	-	2.6%
Consumer Cyclical	-	4.7%
Consumer Defensive	-	1.7%
Energy	-	1.0%
Healthcare	-	3.1%
Industrials	-	15.4%
Real Estate	-	-
Technology	-	61.3%
Utilities	-	0.3%

Return for Risk

MRAL vs. KORU — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MRAL

MRAL Risk / Return Rank: 6
MRAL Sharpe Ratio Rank: 5
MRAL Sortino Ratio Rank: 8
MRAL Omega Ratio Rank: 8
MRAL Calmar Ratio Rank: 3
MRAL Martin Ratio Rank: 4

KORU

KORU Risk / Return Rank: 84
KORU Sharpe Ratio Rank: 86
KORU Sortino Ratio Rank: 79
KORU Omega Ratio Rank: 83
KORU Calmar Ratio Rank: 91
KORU Martin Ratio Rank: 82

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MRAL vs. KORU - Risk-Adjusted Trends Comparison

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

	MRAL	KORU	Difference
Sharpe ratio: Return per unit of total volatility	-0.46	2.06	-2.53
Sortino ratio: Return per unit of downside risk	-0.07	2.59	-2.66
Omega ratio: Gain probability vs. loss probability	0.99	1.36	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.80	4.06	-4.87
Martin ratio: Return relative to average drawdown	-1.04	11.13	-12.17

MRAL vs. KORU - Sharpe Ratio Comparison

The current MRAL Sharpe Ratio is -0.46, which is lower than the KORU Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of MRAL 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

MRAL vs. KORU - Drawdown Comparison

The maximum MRAL drawdown since its inception was -93.46%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for MRAL and KORU.

Drawdown Indicators

	MRAL	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-93.46%	-95.79%	+2.33%
Max Drawdown (1Y) Largest decline over 1 year	-93.46%	-80.90%	-12.56%
Max Drawdown (3Y) Largest decline over 3 years	—	-80.90%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.74%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-86.97%	-74.91%	-12.06%
Average Drawdown Average peak-to-trough decline	-58.97%	-57.45%	-1.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	71.99%	29.49%	+42.50%

Volatility

MRAL vs. KORU - Volatility Comparison

The current volatility for GraniteShares 2x Long MARA Daily ETF (MRAL) is 59.79%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 65.03%. This indicates that MRAL 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

	MRAL	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	59.79%	65.03%	-5.24%
Volatility (6M) Calculated over the trailing 6-month period	127.56%	154.04%	-26.48%
Volatility (1Y) Calculated over the trailing 1-year period	162.93%	159.66%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	167.24%	96.62%	+70.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	167.24%	85.86%	+81.38%

MRAL vs. KORU - Expense Ratio Comparison

MRAL has a 1.50% expense ratio, which is higher than KORU's 1.32% expense ratio.

Dividends

MRAL vs. KORU - Dividend Comparison

MRAL has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.50%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
MRAL GraniteShares 2x Long MARA 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 MRAL and KORU in my portfolio?

MRAL and KORU have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MRAL or KORU?

KORU has higher volatility (65.03%) compared to MRAL (59.79%). In terms of maximum drawdown, MRAL dropped -93.46% vs KORU's -95.79%.

Which ETF is better, MRAL or KORU?

On 1-year performance, KORU leads with 326.36% vs -74.91% for MRAL. On fees, KORU is cheaper at 1.32% per year. On volatility, MRAL has been the lower-risk option at 59.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MRAL or KORU?

Over the 1-year period, KORU has performed better with a 326.36% return vs -74.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MRAL or KORU?

KORU is cheaper with a 1.32% expense ratio, compared with 1.50% for MRAL.

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

KORU has the higher dividend yield at 0.50%, compared with 0.00% for MRAL.

What is the main difference between MRAL and KORU?

MRAL is categorized as Leveraged Equities, while KORU is South Korea Equities. MRAL tracks MARA Holdings Inc. (MARA), while KORU tracks MSCI Korea 25/50 Index. They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for MRAL and 1.32% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (2.06 vs -0.46), 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.