OKLL vs. KORU

Last updated Jul 17, 2026

OKLL (Defiance Daily Target 2x Long OKLO ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - OKLL is a Leveraged Equities fund actively managed by Defiance, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. OKLL is actively managed, while KORU is passively managed. Over the past year, OKLL returned -88.33% vs 347.48% for KORU. At a 0.42 correlation, their price movements are largely independent. OKLL charges 1.31%/yr vs 1.32%/yr for KORU.

Performance

OKLL vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Defiance Daily Target 2x Long OKLO ETF (OKLL) 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, OKLL achieves a -82.11% return, which is significantly lower than KORU's 105.44% return.

OKLL

• 1D: -17.58%
• 1M: -50.58%
• 6M: -88.47%
• YTD: -82.11%
• 1Y: -88.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -14.72%
• 1M: -59.41%
• 6M: 40.56%
• YTD: 105.44%
• 1Y: 347.48%
• 3Y*: 53.48%
• 5Y*: -0.18%
• 10Y*: 4.90%

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

OKLL vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
OKLL Defiance Daily Target 2x Long OKLO ETF	-82.11%	-25.10%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	105.44%	148.59%

Correlation

The correlation between OKLL and KORU is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.42

Return for Risk

OKLL vs. KORU — Risk / Return Rank

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

OKLL

OKLL Risk / Return Rank: 5
OKLL Sharpe Ratio Rank: 6
OKLL Sortino Ratio Rank: 7
OKLL Omega Ratio Rank: 7
OKLL Calmar Ratio Rank: 1
OKLL Martin Ratio Rank: 3

KORU

KORU Risk / Return Rank: 84
KORU Sharpe Ratio Rank: 88
KORU Sortino Ratio Rank: 73
KORU Omega Ratio Rank: 80
KORU Calmar Ratio Rank: 93
KORU Martin Ratio Rank: 86

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.

OKLL vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2x Long OKLO ETF (OKLL) 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.

	OKLL	KORU	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	2.31	-2.75
Sortino ratio: Return per unit of downside risk	-0.12	2.63	-2.75
Omega ratio: Gain probability vs. loss probability	0.99	1.37	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.90	4.97	-5.87
Martin ratio: Return relative to average drawdown	-1.17	14.03	-15.20

OKLL vs. KORU - Sharpe Ratio Comparison

The current OKLL Sharpe Ratio is -0.44, which is lower than the KORU Sharpe Ratio of 2.31. The chart below compares the historical Sharpe Ratios of OKLL 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

OKLL vs. KORU - Drawdown Comparison

The maximum OKLL drawdown since its inception was -97.84%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for OKLL and KORU.

Drawdown Indicators

	OKLL	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-97.84%	-95.79%	-2.05%
Max Drawdown (1Y) Largest decline over 1 year	-97.84%	-70.51%	-27.33%
Max Drawdown (3Y) Largest decline over 3 years	—	-73.34%	—
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	-97.84%	-70.51%	-27.33%
Average Drawdown Average peak-to-trough decline	-64.47%	-57.39%	-7.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	75.16%	24.92%	+50.24%

Volatility

OKLL vs. KORU - Volatility Comparison

The current volatility for Defiance Daily Target 2x Long OKLO ETF (OKLL) is 37.08%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 70.60%. This indicates that OKLL 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

	OKLL	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	37.08%	70.60%	-33.52%
Volatility (6M) Calculated over the trailing 6-month period	131.26%	147.53%	-16.27%
Volatility (1Y) Calculated over the trailing 1-year period	201.83%	151.62%	+50.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	199.43%	94.03%	+105.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	199.43%	84.35%	+115.08%

OKLL vs. KORU - Expense Ratio Comparison

OKLL has a 1.31% expense ratio, which is lower than KORU's 1.32% expense ratio.

Dividends

OKLL vs. KORU - Dividend Comparison

OKLL has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.42%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
OKLL Defiance Daily Target 2x Long OKLO 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 OKLL and KORU in my portfolio?

OKLL and KORU have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OKLL or KORU?

KORU has higher volatility (70.60%) compared to OKLL (37.08%). In terms of maximum drawdown, OKLL dropped -97.84% vs KORU's -95.79%.

Which ETF is better, OKLL or KORU?

On 1-year performance, KORU leads with 347.48% vs -88.33% for OKLL. On fees, OKLL is cheaper at 1.31% per year. On volatility, OKLL has been the lower-risk option at 37.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OKLL or KORU?

Over the 1-year period, KORU has performed better with a 347.48% return vs -88.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OKLL or KORU?

OKLL is cheaper with a 1.31% expense ratio, compared with 1.32% for KORU.

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

KORU has the higher dividend yield at 0.42%, compared with 0.00% for OKLL.

What is the main difference between OKLL and KORU?

OKLL is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: Defiance and Direxion. Their fees differ too: 1.31% for OKLL and 1.32% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (2.31 vs -0.44), 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.