SPOG vs. KORU

Last updated Jun 24, 2026

SPOG (Leverage Shares 2X Long SPOT Daily ETF) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds. SPOG is actively managed, while KORU is passively managed. At a 0.07 correlation, their price movements are largely independent. SPOG charges 0.75%/yr vs 1.29%/yr for KORU.

Performance

SPOG vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Direxion Daily 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, SPOG achieves a -49.59% return, which is significantly lower than KORU's 285.56% return.

SPOG

• 1D: -1.65%
• 1M: -24.63%
• YTD: -49.59%
• 6M: -49.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -35.70%
• 1M: -10.30%
• YTD: 285.56%
• 6M: 341.44%
• 1Y: 858.44%
• 3Y*: 100.70%
• 5Y*: 11.21%
• 10Y*: 14.49%

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

SPOG vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025
SPOG Leverage Shares 2X Long SPOT Daily ETF	-49.59%	-18.73%
KORU Direxion Daily South Korea Bull 3X Shares	285.56%	13.89%

Correlation

The correlation between SPOG and KORU is 0.07, 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 (All Time) Calculated using the full available price history since Nov 17, 2025	0.07

Return for Risk

SPOG vs. KORU — Risk / Return Rank

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

SPOG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

KORU

KORU Risk / Return Rank: 93
KORU Sharpe Ratio Rank: 99
KORU Sortino Ratio Rank: 84
KORU Omega Ratio Rank: 88
KORU Calmar Ratio Rank: 98
KORU Martin Ratio Rank: 97

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.

SPOG vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Leverage Shares 2X Long SPOT Daily ETF (SPOG) and Direxion Daily 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.

	SPOG	KORU	Difference
Sharpe ratio: Return per unit of total volatility	—	6.02	—
Sortino ratio: Return per unit of downside risk	—	3.56	—
Omega ratio: Gain probability vs. loss probability	—	1.53	—
Calmar ratio: Return relative to maximum drawdown	—	14.12	—
Martin ratio: Return relative to average drawdown	—	41.38	—

Drawdowns

SPOG vs. KORU - Drawdown Comparison

The maximum SPOG drawdown since its inception was -64.41%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for SPOG and KORU.

Drawdown Indicators

	SPOG	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-64.41%	-95.79%	+31.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-61.39%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-73.34%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-93.34%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-59.44%	-44.66%	-14.78%
Average Drawdown Average peak-to-trough decline	-41.38%	-57.41%	+16.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	20.91%	—

Volatility

Volatility by Period

	SPOG	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	92.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	138.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	100.37%	144.16%	-43.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.37%	91.40%	+8.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.37%	83.03%	+17.34%

SPOG vs. KORU - Expense Ratio Comparison

SPOG has a 0.75% expense ratio, which is lower than KORU's 1.29% expense ratio.

Dividends

SPOG vs. KORU - Dividend Comparison

SPOG has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.24%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily South Korea Bull 3X Shares	0.24%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
SPOG Leverage Shares 2X Long SPOT 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 SPOG and KORU in my portfolio?

SPOG and KORU have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPOG or KORU?

On fees, SPOG is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPOG or KORU?

SPOG is cheaper with a 0.75% expense ratio, compared with 1.29% for KORU.

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

KORU has the higher dividend yield at 0.24%, compared with 0.00% for SPOG.

What is the main difference between SPOG and KORU?

They also come from different issuers: Leverage Shares and Direxion. Their fees differ too: 0.75% for SPOG and 1.29% for KORU.