PDDL vs. KORU
PDDL (GraniteShares 2x Long PDD Daily ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - PDDL is a Leveraged Equities fund actively managed by GraniteShares, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. PDDL is actively managed, while KORU is passively managed. Over the past year, PDDL returned -48.91% vs 302.72% for KORU. Their 0.28 correlation means their historical movements had little consistent relationship. PDDL charges 1.50%/yr vs 1.32%/yr for KORU.
Performance
PDDL vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, PDDL achieves a -48.41% return, which is significantly lower than KORU's 65.13% return.
PDDL
- 1D
- 3.01%
- 1M
- 13.21%
- 6M
- -34.07%
- YTD
- -48.41%
- 1Y
- -48.91%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -42.28%
KORU
- 1D
- -7.92%
- 1M
- -44.63%
- 6M
- -13.80%
- YTD
- 65.13%
- 1Y
- 302.72%
- 3Y*
- 42.96%
- 5Y*
- -3.04%
- 10Y*
- 2.30%
- ALL TIME*
- -1.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $685.69M | $790.89M | $775.54M | |
| $308.86K | $338.46K | $731.85K |
PDDL vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PDDL GraniteShares 2x Long PDD Daily ETF | -48.41% | 9.27% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 65.13% | 116.58% |
Correlation
The correlation between PDDL and KORU is 0.29, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2025 | 0.28 |
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Return for Risk
PDDL vs. KORU — Risk / Return Rank
PDDL
KORU
PDDL vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long PDD Daily ETF (PDDL) 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.
| PDDL | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.46 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.34 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 3.32 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.18 | 9.21 | -10.39 |
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Drawdowns
PDDL vs. KORU - Drawdown Comparison
The maximum PDDL drawdown since its inception was -76.06%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for PDDL and KORU.
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Drawdown Indicators
| PDDL | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.06% | -95.79% | +19.73% |
Max Drawdown (1Y)Largest decline over 1 year | -76.06% | -80.90% | +4.84% |
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 DrawdownCurrent decline from peak | -66.24% | -76.30% | +10.06% |
Average DrawdownAverage peak-to-trough decline | -35.54% | -57.44% | +21.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 44.12% | 29.12% | +15.00% |
Volatility
PDDL vs. KORU - Volatility Comparison
The current volatility for GraniteShares 2x Long PDD Daily ETF (PDDL) is 15.94%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 64.87%. This indicates that PDDL 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.
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Volatility by Period
| PDDL | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.94% | 64.87% | -48.93% |
Volatility (6M)Calculated over the trailing 6-month period | 53.11% | 154.02% | -100.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.64% | 159.66% | -92.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.30% | 96.56% | -29.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.30% | 85.82% | -18.52% |
PDDL vs. KORU - Expense Ratio Comparison
PDDL has a 1.50% expense ratio, which is higher than KORU's 1.32% expense ratio.
Dividends
PDDL vs. KORU - Dividend Comparison
PDDL's dividend yield for the trailing twelve months is around 0.65%, more than KORU's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 0.53% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
PDDL GraniteShares 2x Long PDD Daily ETF | 0.65% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PDDL 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.
KORU has higher volatility (64.87%) compared to PDDL (15.94%). In terms of maximum drawdown, PDDL dropped -76.06% vs KORU's -95.79%.
On 1-year performance, KORU leads with 302.72% vs -48.91% for PDDL. On fees, KORU is cheaper at 1.32% per year. On volatility, PDDL has been the lower-risk option at 15.94%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, KORU has performed better with a 302.72% return vs -48.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
KORU is cheaper with a 1.32% expense ratio, compared with 1.50% for PDDL.
PDDL has the higher dividend yield at 0.65%, compared with 0.53% for KORU.
PDDL is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for PDDL and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (1.68 vs -0.77), 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.
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