RIOX vs. KORU
RIOX (Defiance Daily Target 2X Long RIOT ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - RIOX is a Leveraged Equities fund actively managed by Defiance, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. RIOX is actively managed, while KORU is passively managed. Over the past year, RIOX returned 7.24% vs 302.72% for KORU. Their 0.50 correlation means they have sometimes moved together and sometimes differently. RIOX charges 0.95%/yr vs 1.32%/yr for KORU.
Performance
RIOX vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, RIOX achieves a 28.32% return, which is significantly lower than KORU's 65.13% return.
RIOX
- 1D
- -17.51%
- 1M
- -27.36%
- 6M
- -6.06%
- YTD
- 28.32%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -22.05%
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 | |
| $4.70M | $4.01M | $10.22M |
RIOX vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RIOX Defiance Daily Target 2X Long RIOT ETF | 28.32% | -47.32% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 65.13% | 425.12% |
Correlation
The correlation between RIOX and KORU is 0.54, 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. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2025 | 0.50 |
The correlation between RIOX and KORU has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
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Return for Risk
RIOX vs. KORU — Risk / Return Rank
RIOX
KORU
RIOX vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Defiance Daily Target 2X Long RIOT ETF (RIOX) 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.
| RIOX | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.34 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 3.32 | -3.69 |
| Martin ratioReturn relative to average drawdown | -0.58 | 9.21 | -9.80 |
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Drawdowns
RIOX vs. KORU - Drawdown Comparison
The maximum RIOX drawdown since its inception was -84.40%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for RIOX and KORU.
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Drawdown Indicators
| RIOX | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.40% | -95.79% | +11.39% |
Max Drawdown (1Y)Largest decline over 1 year | -84.40% | -80.90% | -3.50% |
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 | -69.19% | -76.30% | +7.11% |
Average DrawdownAverage peak-to-trough decline | -52.12% | -57.44% | +5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.84% | 29.12% | +24.72% |
Volatility
RIOX vs. KORU - Volatility Comparison
Defiance Daily Target 2X Long RIOT ETF (RIOX) has a higher volatility of 68.42% compared to Direxion Daily MSCI South Korea Bull 3X Shares (KORU) at 64.87%. This indicates that RIOX's price experiences larger fluctuations and is considered to be riskier 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
| RIOX | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 68.42% | 64.87% | +3.55% |
Volatility (6M)Calculated over the trailing 6-month period | 132.16% | 154.02% | -21.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 179.86% | 159.66% | +20.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 173.60% | 96.56% | +77.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 173.60% | 85.82% | +87.78% |
RIOX vs. KORU - Expense Ratio Comparison
RIOX has a 0.95% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
RIOX vs. KORU - Dividend Comparison
RIOX's dividend yield for the trailing twelve months is around 47.35%, 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% |
RIOX Defiance Daily Target 2X Long RIOT ETF | 47.35% | 60.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RIOX and KORU have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIOX has higher volatility (68.42%) compared to KORU (64.87%). In terms of maximum drawdown, RIOX dropped -84.40% vs KORU's -95.79%.
On 1-year performance, KORU leads with 302.72% vs 7.24% for RIOX. On fees, RIOX is cheaper at 0.95% per year. On volatility, KORU has been the lower-risk option at 64.87%. 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 7.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RIOX is cheaper with a 0.95% expense ratio, compared with 1.32% for KORU.
RIOX has the higher dividend yield at 47.35%, compared with 0.53% for KORU.
RIOX is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: Defiance and Direxion. Their fees differ too: 0.95% for RIOX and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (1.68 vs -0.17), 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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