MSFU vs. KORU

Last updated Jun 3, 2026

MSFU (Direxion Daily MSFT Bull 2X Shares) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds from Direxion - MSFU tracks the Microsoft Corporation (150%) while KORU tracks the MSCI Korea 25-50 Index. Both are passively managed. Over the past 3 years, MSFU returned 1.80%/yr vs 134.36%/yr for KORU. At a 0.38 correlation, their price movements are largely independent. MSFU charges 1.04%/yr vs 1.29%/yr for KORU.

Performance

MSFU vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily MSFT Bull 2X Shares (MSFU) and Direxion Daily 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, MSFU achieves a -22.90% return, which is significantly lower than KORU's 574.61% return.

MSFU

• 1D: -8.36%
• 1M: 12.13%
• YTD: -22.90%
• 6M: -25.88%
• 1Y: -21.45%
• 3Y*: 1.80%
• 5Y*: —
• 10Y*: —

KORU

• 1D: -3.17%
• 1M: 103.23%
• YTD: 574.61%
• 6M: 732.27%
• 1Y: 2,236.72%
• 3Y*: 134.36%
• 5Y*: 24.81%
• 10Y*: 19.90%

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

MSFU vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MSFU Direxion Daily MSFT Bull 2X Shares	-22.90%	13.36%	5.80%	83.04%	-13.28%
KORU Direxion Daily South Korea Bull 3X Shares	574.61%	432.73%	-62.18%	28.61%	-1.24%

Correlation

The correlation between MSFU and KORU is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Sep 8, 2022	0.38

The correlation between MSFU and KORU shifts across timeframes, from 0.25 (1 year) to 0.38 (all time), reflecting how their relationship changes across market environments.

MSFU vs. KORU - Sectors Allocation Comparison

Sectors	MSFU	KORU
Technology	100.0%	52.3%
Basic Materials	-	2.0%
Communication Services	-	2.9%
Consumer Cyclical	-	5.8%
Consumer Defensive	-	1.8%
Energy	-	1.4%
Financial Services	-	16.7%
Healthcare	-	3.5%
Industrials	-	20.4%
Real Estate	-	-
Utilities	-	0.4%

Return for Risk

MSFU vs. KORU — Risk / Return Rank

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

MSFU

MSFU Risk / Return Rank: 5
MSFU Sharpe Ratio Rank: 5
MSFU Sortino Ratio Rank: 5
MSFU Omega Ratio Rank: 5
MSFU Calmar Ratio Rank: 5
MSFU Martin Ratio Rank: 5

KORU

KORU Risk / Return Rank: 98
KORU Sharpe Ratio Rank: 100
KORU Sortino Ratio Rank: 95
KORU Omega Ratio Rank: 95
KORU Calmar Ratio Rank: 99
KORU Martin Ratio Rank: 99

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.

MSFU vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily MSFT Bull 2X Shares (MSFU) 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.

	MSFU	KORU	Difference
Sharpe ratio Return per unit of total volatility	-0.43	18.26	-18.70
Sortino ratio Return per unit of downside risk	-0.30	5.25	-5.55
Omega ratio Gain probability vs. loss probability	0.96	1.73	-0.78
Calmar ratio Return relative to maximum drawdown	-0.35	38.64	-38.98
Martin ratio Return relative to average drawdown	-0.67	122.74	-123.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSFU vs. KORU - Sharpe Ratio Comparison

The current MSFU Sharpe Ratio is -0.43, which is lower than the KORU Sharpe Ratio of 18.26. The chart below compares the historical Sharpe Ratios of MSFU 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.

Sharpe Ratios by Period

	MSFU	KORU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	18.26	-18.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.29	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.13	+0.11

Drawdowns

MSFU vs. KORU - Drawdown Comparison

The maximum MSFU drawdown since its inception was -59.83%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for MSFU and KORU.

Drawdown Indicators

	MSFU	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-59.83%	-95.79%	+35.96%
Max Drawdown (1Y) Largest decline over 1 year	-59.83%	-61.39%	+1.56%
Max Drawdown (3Y) Largest decline over 3 years	-59.83%	-73.71%	+13.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-93.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-40.32%	-3.17%	-37.15%
Average Drawdown Average peak-to-trough decline	-16.48%	-57.55%	+41.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.83%	19.33%	+11.50%

Volatility

MSFU vs. KORU - Volatility Comparison

The current volatility for Direxion Daily MSFT Bull 2X Shares (MSFU) is 18.49%, while Direxion Daily South Korea Bull 3X Shares (KORU) has a volatility of 59.91%. This indicates that MSFU 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

	MSFU	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.49%	59.91%	-41.42%
Volatility (6M) Calculated over the trailing 6-month period	44.94%	110.67%	-65.73%
Volatility (1Y) Calculated over the trailing 1-year period	49.77%	124.16%	-74.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.23%	85.10%	-38.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.23%	79.92%	-33.69%

MSFU vs. KORU - Expense Ratio Comparison

MSFU has a 1.04% expense ratio, which is lower than KORU's 1.29% expense ratio.

Dividends

MSFU vs. KORU - Dividend Comparison

MSFU's dividend yield for the trailing twelve months is around 10.26%, 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%
MSFU Direxion Daily MSFT Bull 2X Shares	10.26%	8.15%	7.00%	2.11%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSFU and KORU in my portfolio?

MSFU and KORU have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSFU or KORU?

KORU has higher volatility (59.91%) compared to MSFU (18.49%). In terms of maximum drawdown, MSFU dropped -59.83% vs KORU's -95.79%.

Which ETF is better, MSFU or KORU?

On 3-year performance, KORU leads with 134.36% vs 1.80% for MSFU. On fees, MSFU is cheaper at 1.04% per year. On volatility, MSFU has been the lower-risk option at 18.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MSFU or KORU?

Over the 3-year period, KORU has performed better with a 134.36% return vs 1.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MSFU or KORU?

MSFU is cheaper with a 1.04% expense ratio, compared with 1.29% for KORU.

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

MSFU has the higher dividend yield at 10.26%, compared with 0.14% for KORU.

What is the main difference between MSFU and KORU?

MSFU tracks Microsoft Corporation (150%), while KORU tracks MSCI Korea 25-50 Index. Their fees differ too: 1.04% for MSFU and 1.29% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (18.26 vs -0.43), 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.