SZK vs. KORU
SZK (ProShares UltraShort Consumer Goods) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - SZK is a Leveraged Equities fund tracking the Dow Jones U.S. Consumer Goods 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, SZK returned -16.27%/yr vs 4.09%/yr for KORU. Their -0.32 correlation means they have often moved in opposite directions in the past. SZK charges 0.95%/yr vs 1.32%/yr for KORU.
Performance
SZK vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, SZK achieves a -18.22% return, which is significantly lower than KORU's 103.13% return. Over the past 10 years, SZK has underperformed KORU with an annualized return of -16.27%, while KORU has yielded a comparatively higher 4.09% annualized return.
SZK
- 1D
- -0.26%
- 1M
- -3.10%
- 6M
- 2.45%
- YTD
- -18.22%
- 1Y
- -11.75%
- 3Y*
- -6.63%
- 5Y*
- -4.12%
- 10Y*
- -16.27%
- ALL TIME*
- -19.52%
KORU
- 1D
- -3.56%
- 1M
- -40.96%
- 6M
- 11.91%
- YTD
- 103.13%
- 1Y
- 352.49%
- 3Y*
- 59.92%
- 5Y*
- 0.01%
- 10Y*
- 4.09%
- ALL TIME*
- 0.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $743.96M | $753.73M | $788.54M | |
| $56.40K | $61.28K | $43.80K |
SZK vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SZK ProShares UltraShort Consumer Goods | -18.22% | 3.37% | -11.33% | -3.10% | 47.20% | -37.78% | -58.24% | -39.43% | 33.62% | -27.22% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 103.13% | 432.73% | -62.18% | 28.61% | -70.16% | -33.86% | 48.78% | 5.47% | -59.89% | 167.08% |
Correlation
The correlation between SZK and KORU is 0.18, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.18 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.23 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.32 |
The correlation between SZK and KORU shifts across timeframes, from -0.32 (10 years) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SZK vs. KORU — Risk / Return Rank
SZK
KORU
SZK vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares UltraShort Consumer Goods (SZK) 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.
| SZK | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.63 | ||
| Sortino ratioReturn per unit of downside risk | -3.07 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | 4.39 | -4.79 |
| Martin ratioReturn relative to average drawdown | -0.77 | 11.76 | -12.52 |
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Drawdowns
SZK vs. KORU - Drawdown Comparison
The maximum SZK drawdown since its inception was -99.40%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for SZK and KORU.
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Drawdown Indicators
| SZK | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.40% | -95.79% | -3.61% |
Max Drawdown (1Y)Largest decline over 1 year | -29.26% | -80.90% | +51.64% |
Max Drawdown (3Y)Largest decline over 3 years | -41.81% | -80.90% | +39.09% |
Max Drawdown (5Y)Largest decline over 5 years | -41.81% | -92.46% | +50.65% |
Max Drawdown (10Y)Largest decline over 10 years | -86.78% | -95.79% | +9.01% |
Current DrawdownCurrent decline from peak | -99.31% | -70.84% | -28.47% |
Average DrawdownAverage peak-to-trough decline | -82.13% | -57.45% | -24.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.39% | 30.15% | -14.76% |
Volatility
SZK vs. KORU - Volatility Comparison
The current volatility for ProShares UltraShort Consumer Goods (SZK) is 11.39%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 65.29%. This indicates that SZK 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
| SZK | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.39% | 65.29% | -53.90% |
Volatility (6M)Calculated over the trailing 6-month period | 22.80% | 155.00% | -132.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.20% | 160.47% | -132.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.97% | 97.05% | -65.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 33.77% | 86.08% | -52.31% |
SZK vs. KORU - Expense Ratio Comparison
SZK has a 0.95% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
SZK vs. KORU - Dividend Comparison
SZK's dividend yield for the trailing twelve months is around 2.81%, more than KORU's 0.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 0.43% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
SZK ProShares UltraShort Consumer Goods | 2.81% | 2.90% | 5.70% | 4.03% | 0.56% | 0.00% | 0.19% | 1.70% | 0.50% | 0.00% |
Frequently Asked Questions
SZK and KORU have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (65.29%) compared to SZK (11.39%). In terms of maximum drawdown, SZK dropped -99.40% vs KORU's -95.79%.
On 10-year performance, KORU leads with 4.09% vs -16.27% for SZK. On fees, SZK is cheaper at 0.95% per year. On volatility, SZK has been the lower-risk option at 11.39%. 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 4.09% return vs -16.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SZK is cheaper with a 0.95% expense ratio, compared with 1.32% for KORU.
SZK has the higher dividend yield at 2.81%, compared with 0.43% for KORU.
SZK is categorized as Leveraged Equities, while KORU is South Korea Equities. SZK tracks Dow Jones U.S. Consumer Goods 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 SZK and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (2.21 vs -0.42), 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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