SOXS vs. KORU
SOXS (Direxion Daily Semiconductor Bear 3x Shares) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - SOXS is a Inverse Equities fund tracking the PHLX Semiconductor Index (-300%), while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. Both are passively managed. Over the past 10 years, SOXS returned -78.37%/yr vs 4.90%/yr for KORU. At a correlation of -0.56, they often move in opposite directions. SOXS charges 1.08%/yr vs 1.32%/yr for KORU.
Performance
SOXS vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, SOXS achieves a -91.53% return, which is significantly lower than KORU's 105.44% return. Over the past 10 years, SOXS has underperformed KORU with an annualized return of -78.37%, while KORU has yielded a comparatively higher 4.90% annualized return.
SOXS
- 1D
- 13.14%
- 1M
- 13.65%
- 6M
- -87.79%
- YTD
- -91.53%
- 1Y
- -96.24%
- 3Y*
- -84.87%
- 5Y*
- -79.52%
- 10Y*
- -78.37%
KORU
- 1D
- -14.72%
- 1M
- -59.41%
- 6M
- 40.56%
- YTD
- 105.44%
- 1Y
- 347.48%
- 3Y*
- 53.48%
- 5Y*
- -0.18%
- 10Y*
- 4.90%
SOXS vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOXS Direxion Daily Semiconductor Bear 3x Shares | -91.53% | -85.53% | -59.55% | -84.56% | 15.76% | -80.94% | -92.90% | -83.81% | -19.39% | -69.39% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 105.44% | 432.73% | -62.18% | 28.61% | -70.16% | -33.86% | 48.78% | 5.47% | -59.89% | 167.08% |
Correlation
The correlation between SOXS and KORU is -0.71, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.56 |
The correlation between SOXS and KORU shifts across timeframes, from -0.71 (1 year) to -0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SOXS vs. KORU — Risk / Return Rank
SOXS
KORU
SOXS vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Semiconductor Bear 3x Shares (SOXS) 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.
| SOXS | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.07 | ||
| Sortino ratioReturn per unit of downside risk | -5.28 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.37 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.98 | 4.97 | -5.95 |
| Martin ratioReturn relative to average drawdown | -1.41 | 14.03 | -15.43 |
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Drawdowns
SOXS vs. KORU - Drawdown Comparison
The maximum SOXS drawdown since its inception was -100.00%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for SOXS and KORU.
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Drawdown Indicators
| SOXS | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -95.79% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -97.89% | -70.51% | -27.38% |
Max Drawdown (3Y)Largest decline over 3 years | -99.87% | -73.34% | -26.53% |
Max Drawdown (5Y)Largest decline over 5 years | -99.98% | -92.74% | -7.24% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -95.79% | -4.21% |
Current DrawdownCurrent decline from peak | -100.00% | -70.51% | -29.49% |
Average DrawdownAverage peak-to-trough decline | -92.63% | -57.39% | -35.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 68.36% | 24.92% | +43.44% |
Volatility
SOXS vs. KORU - Volatility Comparison
The current volatility for Direxion Daily Semiconductor Bear 3x Shares (SOXS) is 59.41%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 70.60%. This indicates that SOXS 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
| SOXS | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 59.41% | 70.60% | -11.19% |
Volatility (6M)Calculated over the trailing 6-month period | 109.76% | 147.53% | -37.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 126.44% | 151.62% | -25.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 113.26% | 94.03% | +19.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 103.02% | 84.35% | +18.67% |
SOXS vs. KORU - Expense Ratio Comparison
SOXS has a 1.08% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
SOXS vs. KORU - Dividend Comparison
SOXS's dividend yield for the trailing twelve months is around 43.65%, more than KORU's 0.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 0.42% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
SOXS Direxion Daily Semiconductor Bear 3x Shares | 43.65% | 10.79% | 5.45% | 9.22% | 0.19% | 0.00% | 3.58% | 2.30% | 0.76% | 0.00% |
Frequently Asked Questions
SOXS and KORU have a correlation of -0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (70.60%) compared to SOXS (59.41%). In terms of maximum drawdown, SOXS dropped -100.00% vs KORU's -95.79%.
On 10-year performance, KORU leads with 4.90% vs -78.37% for SOXS. On fees, SOXS is cheaper at 1.08% per year. On volatility, SOXS has been the lower-risk option at 59.41%. 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 4.90% return vs -78.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SOXS is cheaper with a 1.08% expense ratio, compared with 1.32% for KORU.
SOXS has the higher dividend yield at 43.65%, compared with 0.42% for KORU.
SOXS is categorized as Inverse Equities, while KORU is South Korea Equities. SOXS tracks PHLX Semiconductor Index (-300%), while KORU tracks MSCI Korea 25/50 Index. Their fees differ too: 1.08% for SOXS and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (2.31 vs -0.76), 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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