SDP vs. KORU
SDP (ProShares UltraShort Utilities) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - SDP is a Leveraged Equities fund tracking the Dow Jones U.S. Utilities Index (-200%), while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. Both are passively managed. Over the past 10 years, SDP returned -20.73%/yr vs 6.31%/yr for KORU. At a correlation of -0.20, they often move in opposite directions. SDP charges 0.95%/yr vs 1.32%/yr for KORU.
Performance
SDP vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, SDP achieves a -14.27% return, which is significantly lower than KORU's 130.89% return. Over the past 10 years, SDP has underperformed KORU with an annualized return of -20.73%, while KORU has yielded a comparatively higher 6.31% annualized return.
SDP
- 1D
- -1.07%
- 1M
- -6.11%
- 6M
- -14.82%
- YTD
- -14.27%
- 1Y
- -19.85%
- 3Y*
- -20.44%
- 5Y*
- -17.87%
- 10Y*
- -20.73%
KORU
- 1D
- -24.74%
- 1M
- -49.18%
- 6M
- 66.57%
- YTD
- 130.89%
- 1Y
- 413.07%
- 3Y*
- 60.31%
- 5Y*
- 1.85%
- 10Y*
- 6.31%
SDP vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -14.27% | -22.59% | -30.11% | 18.95% | -12.54% | -33.14% | -36.27% | -35.57% | -9.31% | -22.03% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 130.89% | 432.73% | -62.18% | 28.61% | -70.16% | -33.86% | 48.78% | 5.47% | -59.89% | 167.08% |
Correlation
The correlation between SDP and KORU is -0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.21 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.20 |
The correlation between SDP and KORU shifts across timeframes, from -0.21 (10 years) to -0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SDP vs. KORU — Risk / Return Rank
SDP
KORU
SDP vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Utilities (SDP) 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.
| SDP | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.45 | ||
| Sortino ratioReturn per unit of downside risk | -3.64 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.40 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.78 | 6.23 | -7.01 |
| Martin ratioReturn relative to average drawdown | -1.31 | 17.42 | -18.74 |
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Drawdowns
SDP vs. KORU - Drawdown Comparison
The maximum SDP drawdown since its inception was -99.56%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for SDP and KORU.
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Drawdown Indicators
| SDP | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.56% | -95.79% | -3.77% |
Max Drawdown (1Y)Largest decline over 1 year | -25.59% | -66.86% | +41.27% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -73.34% | +7.17% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | -92.82% | +26.65% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | -95.79% | +3.36% |
Current DrawdownCurrent decline from peak | -99.53% | -66.86% | -32.67% |
Average DrawdownAverage peak-to-trough decline | -82.20% | -57.39% | -24.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.15% | 23.85% | -8.70% |
Volatility
SDP vs. KORU - Volatility Comparison
The current volatility for ProShares UltraShort Utilities (SDP) is 8.89%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 78.13%. This indicates that SDP 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
| SDP | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.89% | 78.13% | -69.24% |
Volatility (6M)Calculated over the trailing 6-month period | 23.71% | 145.83% | -122.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.98% | 150.12% | -120.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 93.49% | -59.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.59% | 84.08% | -46.49% |
SDP vs. KORU - Expense Ratio Comparison
SDP has a 0.95% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
SDP vs. KORU - Dividend Comparison
SDP's dividend yield for the trailing twelve months is around 4.33%, more than KORU's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 0.38% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
SDP ProShares UltraShort Utilities | 4.33% | 3.99% | 4.66% | 3.04% | 0.56% | 0.00% | 0.13% | 0.87% | 0.05% | 0.00% |
Frequently Asked Questions
SDP and KORU have a correlation of -0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (78.13%) compared to SDP (8.89%). In terms of maximum drawdown, SDP dropped -99.56% vs KORU's -95.79%.
On 10-year performance, KORU leads with 6.31% vs -20.73% for SDP. On fees, SDP is cheaper at 0.95% per year. On volatility, SDP has been the lower-risk option at 8.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, KORU has performed better with a 6.31% return vs -20.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SDP is cheaper with a 0.95% expense ratio, compared with 1.32% for KORU.
SDP has the higher dividend yield at 4.33%, compared with 0.38% for KORU.
SDP is categorized as Leveraged Equities, while KORU is South Korea Equities. SDP tracks Dow Jones U.S. Utilities Index (-200%), while KORU tracks MSCI Korea 25/50 Index. They also come from different issuers: ProShares and Direxion. Their fees differ too: 0.95% for SDP and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (2.78 vs -0.67), 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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