SMUP vs. KORU
SMUP (T-REX 2X Long SMR Daily Target ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - SMUP is a Leveraged Equities fund actively managed by T-Rex, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. SMUP is actively managed, while KORU is passively managed. Over the past year, SMUP returned -98.90% vs 302.72% for KORU. Their 0.49 correlation means their historical movements had little consistent relationship. SMUP charges 1.50%/yr vs 1.32%/yr for KORU.
Performance
SMUP vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, SMUP achieves a -81.65% return, which is significantly lower than KORU's 65.13% return.
SMUP
- 1D
- -4.68%
- 1M
- -31.41%
- 6M
- -86.68%
- YTD
- -81.65%
- 1Y
- -98.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -99.09%
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 | |
| $628.22K | $794.08K | $1.84M |
SMUP vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMUP T-REX 2X Long SMR Daily Target ETF | -81.65% | -95.38% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 65.13% | 116.81% |
Correlation
The correlation between SMUP and KORU is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025 | 0.49 |
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Return for Risk
SMUP vs. KORU — Risk / Return Rank
SMUP
KORU
SMUP vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long SMR Daily Target ETF (SMUP) 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.
| SMUP | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -4.39 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 1.34 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -1.00 | 3.32 | -4.32 |
| Martin ratioReturn relative to average drawdown | -1.19 | 9.21 | -10.40 |
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Drawdowns
SMUP vs. KORU - Drawdown Comparison
The maximum SMUP drawdown since its inception was -99.35%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for SMUP and KORU.
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Drawdown Indicators
| SMUP | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.35% | -95.79% | -3.56% |
Max Drawdown (1Y)Largest decline over 1 year | -99.23% | -80.90% | -18.33% |
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 | -99.21% | -76.30% | -22.91% |
Average DrawdownAverage peak-to-trough decline | -81.94% | -57.44% | -24.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 85.24% | 29.12% | +56.12% |
Volatility
SMUP vs. KORU - Volatility Comparison
The current volatility for T-REX 2X Long SMR Daily Target ETF (SMUP) is 52.80%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 64.87%. This indicates that SMUP 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
| SMUP | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 52.80% | 64.87% | -12.07% |
Volatility (6M)Calculated over the trailing 6-month period | 133.94% | 154.02% | -20.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 201.28% | 159.66% | +41.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 200.19% | 96.56% | +103.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 200.19% | 85.82% | +114.37% |
SMUP vs. KORU - Expense Ratio Comparison
SMUP has a 1.50% expense ratio, which is higher than KORU's 1.32% expense ratio.
Dividends
SMUP vs. KORU - Dividend Comparison
SMUP's dividend yield for the trailing twelve months is around 123.10%, 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% |
SMUP T-REX 2X Long SMR Daily Target ETF | 123.10% | 22.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SMUP and KORU have a correlation of 0.49, 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 SMUP (52.80%). In terms of maximum drawdown, SMUP dropped -99.35% vs KORU's -95.79%.
On 1-year performance, KORU leads with 302.72% vs -98.90% for SMUP. On fees, KORU is cheaper at 1.32% per year. On volatility, SMUP has been the lower-risk option at 52.80%. 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 -98.90%. 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 SMUP.
SMUP has the higher dividend yield at 123.10%, compared with 0.53% for KORU.
SMUP is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: T-Rex and Direxion. Their fees differ too: 1.50% for SMUP and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (1.68 vs -0.49), 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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