RVNL vs. KORU

Last updated Jul 12, 2026

RVNL (GraniteShares 2x Long RIVN Daily ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - RVNL is a Leveraged Equities fund actively managed by GraniteShares, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. RVNL is actively managed, while KORU is passively managed. Over the past year, RVNL returned -2.20% vs 581.75% for KORU. At a 0.27 correlation, their price movements are largely independent. RVNL charges 1.15%/yr vs 1.32%/yr for KORU.

Performance

RVNL vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RIVN Daily ETF (RVNL) 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, RVNL achieves a -44.58% return, which is significantly lower than KORU's 206.79% return.

RVNL

• 1D: -6.91%
• 1M: 13.94%
• 6M: -41.25%
• YTD: -44.58%
• 1Y: -2.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -2.27%
• 1M: -32.48%
• 6M: 122.37%
• YTD: 206.79%
• 1Y: 581.75%
• 3Y*: 83.74%
• 5Y*: 8.55%
• 10Y*: 9.83%

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

RVNL vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
RVNL GraniteShares 2x Long RIVN Daily ETF	-44.58%	109.17%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	206.79%	394.16%

Correlation

The correlation between RVNL and KORU is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (All Time) Calculated using the full available price history since Apr 22, 2025	0.27

RVNL vs. KORU - Sectors Allocation Comparison

Sectors	RVNL	KORU
Consumer Cyclical	66.7%	5.5%
Basic Materials	-	1.4%
Communication Services	-	2.1%
Consumer Defensive	-	1.3%
Energy	-	0.9%
Financial Services	-	7.4%
Healthcare	-	2.5%
Industrials	-	15.2%
Real Estate	-	-
Technology	-	63.4%
Utilities	-	0.3%

Return for Risk

RVNL vs. KORU — Risk / Return Rank

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

RVNL

RVNL Risk / Return Rank: 14
RVNL Sharpe Ratio Rank: 9
RVNL Sortino Ratio Rank: 22
RVNL Omega Ratio Rank: 21
RVNL Calmar Ratio Rank: 8
RVNL Martin Ratio Rank: 8

KORU

KORU Risk / Return Rank: 93
KORU Sharpe Ratio Rank: 97
KORU Sortino Ratio Rank: 86
KORU Omega Ratio Rank: 89
KORU Calmar Ratio Rank: 97
KORU Martin Ratio Rank: 95

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.

RVNL vs. KORU - Risk-Adjusted Trends Comparison

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

	RVNL	KORU	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	3.86	-3.91
Sortino ratio: Return per unit of downside risk	1.01	3.09	-2.08
Omega ratio: Gain probability vs. loss probability	1.12	1.45	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.10	9.28	-9.39
Martin ratio: Return relative to average drawdown	-0.17	24.23	-24.40

RVNL vs. KORU - Sharpe Ratio Comparison

The current RVNL Sharpe Ratio is -0.05, which is lower than the KORU Sharpe Ratio of 3.86. The chart below compares the historical Sharpe Ratios of RVNL 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

RVNL vs. KORU - Drawdown Comparison

The maximum RVNL drawdown since its inception was -72.92%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for RVNL and KORU.

Drawdown Indicators

	RVNL	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-72.92%	-95.79%	+22.87%
Max Drawdown (1Y) Largest decline over 1 year	-72.92%	-61.39%	-11.53%
Max Drawdown (3Y) Largest decline over 3 years	—	-73.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-92.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-57.50%	-55.96%	-1.54%
Average Drawdown Average peak-to-trough decline	-41.52%	-57.38%	+15.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.45%	23.48%	+19.97%

Volatility

RVNL vs. KORU - Volatility Comparison

The current volatility for GraniteShares 2x Long RIVN Daily ETF (RVNL) is 66.41%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 73.55%. This indicates that RVNL 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

	RVNL	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	66.41%	73.55%	-7.14%
Volatility (6M) Calculated over the trailing 6-month period	105.15%	142.90%	-37.75%
Volatility (1Y) Calculated over the trailing 1-year period	140.21%	147.64%	-7.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	132.36%	92.78%	+39.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	132.36%	83.70%	+48.66%

RVNL vs. KORU - Expense Ratio Comparison

RVNL has a 1.15% expense ratio, which is lower than KORU's 1.32% expense ratio.

Dividends

RVNL vs. KORU - Dividend Comparison

RVNL has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.28%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.28%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
RVNL GraniteShares 2x Long RIVN 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 RVNL and KORU in my portfolio?

RVNL and KORU have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RVNL or KORU?

KORU has higher volatility (73.55%) compared to RVNL (66.41%). In terms of maximum drawdown, RVNL dropped -72.92% vs KORU's -95.79%.

Which ETF is better, RVNL or KORU?

On 1-year performance, KORU leads with 581.75% vs -2.20% for RVNL. On fees, RVNL is cheaper at 1.15% per year. On volatility, RVNL has been the lower-risk option at 66.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RVNL or KORU?

Over the 1-year period, KORU has performed better with a 581.75% return vs -2.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RVNL or KORU?

RVNL is cheaper with a 1.15% expense ratio, compared with 1.32% for KORU.

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

KORU has the higher dividend yield at 0.28%, compared with 0.00% for RVNL.

What is the main difference between RVNL and KORU?

RVNL is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.15% for RVNL and 1.32% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (3.86 vs -0.05), 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.