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 -20.32%/yr vs 2.30%/yr for KORU. Their -0.20 correlation means they have often moved in opposite directions in the past. 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 -9.16% return, which is significantly lower than KORU's 65.13% return. Over the past 10 years, SDP has underperformed KORU with an annualized return of -20.32%, while KORU has yielded a comparatively higher 2.30% annualized return.
SDP
- 1D
- 1.06%
- 1M
- 6.29%
- 6M
- -7.08%
- YTD
- -9.16%
- 1Y
- -8.19%
- 3Y*
- -19.35%
- 5Y*
- -16.38%
- 10Y*
- -20.32%
- ALL TIME*
- -21.28%
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 | |
| $172.54K | $93.38K | $80.16K |
SDP vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SDP ProShares UltraShort Utilities | -9.16% | -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 | 65.13% | 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 -0.10, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.10 |
Correlation (3Y) Balances recent behavior with more history. | -0.18 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.20 |
Correlation (10Y) Provides a long-term view across more market conditions. | -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 -0.10 (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 | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.67 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.34 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 3.32 | -3.67 |
| Martin ratioReturn relative to average drawdown | -0.57 | 9.21 | -9.78 |
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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 | -25.44% | -80.90% | +55.46% |
Max Drawdown (3Y)Largest decline over 3 years | -66.17% | -80.90% | +14.73% |
Max Drawdown (5Y)Largest decline over 5 years | -66.17% | -92.74% | +26.57% |
Max Drawdown (10Y)Largest decline over 10 years | -92.43% | -95.79% | +3.36% |
Current DrawdownCurrent decline from peak | -99.50% | -76.30% | -23.20% |
Average DrawdownAverage peak-to-trough decline | -82.25% | -57.44% | -24.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.45% | 29.12% | -13.67% |
Volatility
SDP vs. KORU - Volatility Comparison
The current volatility for ProShares UltraShort Utilities (SDP) is 9.55%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 64.87%. 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 | 9.55% | 64.87% | -55.32% |
Volatility (6M)Calculated over the trailing 6-month period | 24.16% | 154.02% | -129.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.16% | 159.66% | -129.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.44% | 96.56% | -62.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.63% | 85.82% | -48.19% |
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 4.09%, 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% |
SDP ProShares UltraShort Utilities | 4.09% | 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 -0.10, 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 SDP (9.55%). In terms of maximum drawdown, SDP dropped -99.56% vs KORU's -95.79%.
On 10-year performance, KORU leads with 2.30% vs -20.32% for SDP. On fees, SDP is cheaper at 0.95% per year. On volatility, SDP has been the lower-risk option at 9.55%. 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 2.30% return vs -20.32%. 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 4.09%, compared with 0.53% 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 (1.68 vs -0.29), 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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