TARK vs. KORU

Last updated Jul 14, 2026

TARK (Tradr 2X Long Innovation ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - TARK is a Leveraged Equities fund actively managed by AXS, while KORU is a South Korea Equities fund tracking the MSCI Korea 25/50 Index. TARK is actively managed, while KORU is passively managed. Over the past 3 years, TARK returned 8.87%/yr vs 60.31%/yr for KORU. A 0.53 correlation means they provide meaningful diversification when combined. TARK charges 1.15%/yr vs 1.32%/yr for KORU.

Performance

TARK vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tradr 2X Long Innovation ETF (TARK) and Direxion Daily MSCI 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, TARK achieves a -8.01% return, which is significantly lower than KORU's 130.89% return.

TARK

• 1D: -5.15%
• 1M: 5.19%
• 6M: -19.36%
• YTD: -8.01%
• 1Y: -4.62%
• 3Y*: 8.87%
• 5Y*: —
• 10Y*: —

KORU

• 1D: -24.74%
• 1M: -49.18%
• 6M: 66.57%
• YTD: 130.89%
• 1Y: 413.07%
• 3Y*: 60.31%
• 5Y*: 1.85%
• 10Y*: 6.31%

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

TARK vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
TARK Tradr 2X Long Innovation ETF	-8.01%	41.00%	-4.85%	121.37%	-71.31%
KORU Direxion Daily MSCI South Korea Bull 3X Shares	130.89%	432.73%	-62.18%	28.61%	-48.74%

Correlation

The correlation between TARK and KORU is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 2, 2022	0.53

The correlation between TARK and KORU has been stable across timeframes, ranging from 0.52 to 0.55 - a consistent structural relationship.

Return for Risk

TARK vs. KORU — Risk / Return Rank

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

TARK

TARK Risk / Return Rank: 10
TARK Sharpe Ratio Rank: 9
TARK Sortino Ratio Rank: 12
TARK Omega Ratio Rank: 12
TARK Calmar Ratio Rank: 8
TARK Martin Ratio Rank: 9

KORU

KORU Risk / Return Rank: 89
KORU Sharpe Ratio Rank: 94
KORU Sortino Ratio Rank: 79
KORU Omega Ratio Rank: 85
KORU Calmar Ratio Rank: 95
KORU Martin Ratio Rank: 92

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.

TARK vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tradr 2X Long Innovation ETF (TARK) 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.

	TARK	KORU	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	2.78	-2.84
Sortino ratio: Return per unit of downside risk	0.42	2.78	-2.36
Omega ratio: Gain probability vs. loss probability	1.05	1.40	-0.35
Calmar ratio: Return relative to maximum drawdown	-0.08	6.23	-6.31
Martin ratio: Return relative to average drawdown	-0.15	17.42	-17.57

TARK vs. KORU - Sharpe Ratio Comparison

The current TARK Sharpe Ratio is -0.06, which is lower than the KORU Sharpe Ratio of 2.78. The chart below compares the historical Sharpe Ratios of TARK and KORU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TARK vs. KORU - Drawdown Comparison

The maximum TARK drawdown since its inception was -77.82%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for TARK and KORU.

Drawdown Indicators

	TARK	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-77.82%	-95.79%	+17.97%
Max Drawdown (1Y) Largest decline over 1 year	-57.57%	-66.86%	+9.29%
Max Drawdown (3Y) Largest decline over 3 years	-65.55%	-73.34%	+7.79%
Max Drawdown (5Y) Largest decline over 5 years	—	-92.82%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-39.47%	-66.86%	+27.39%
Average Drawdown Average peak-to-trough decline	-50.62%	-57.39%	+6.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	31.80%	23.85%	+7.95%

Volatility

TARK vs. KORU - Volatility Comparison

The current volatility for Tradr 2X Long Innovation ETF (TARK) is 19.55%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 78.13%. This indicates that TARK 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.

Volatility by Period

	TARK	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.55%	78.13%	-58.58%
Volatility (6M) Calculated over the trailing 6-month period	53.71%	145.83%	-92.12%
Volatility (1Y) Calculated over the trailing 1-year period	71.83%	150.12%	-78.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	90.35%	93.49%	-3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	90.35%	84.08%	+6.27%

TARK vs. KORU - Expense Ratio Comparison

TARK has a 1.15% expense ratio, which is lower than KORU's 1.32% expense ratio.

Dividends

TARK vs. KORU - Dividend Comparison

TARK's dividend yield for the trailing twelve months is around 32.61%, more than KORU's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily MSCI South Korea Bull 3X Shares	0.38%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
TARK Tradr 2X Long Innovation ETF	32.61%	30.00%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TARK and KORU in my portfolio?

TARK and KORU have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TARK or KORU?

KORU has higher volatility (78.13%) compared to TARK (19.55%). In terms of maximum drawdown, TARK dropped -77.82% vs KORU's -95.79%.

Which ETF is better, TARK or KORU?

On 3-year performance, KORU leads with 60.31% vs 8.87% for TARK. On fees, TARK is cheaper at 1.15% per year. On volatility, TARK has been the lower-risk option at 19.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TARK or KORU?

Over the 3-year period, KORU has performed better with a 60.31% return vs 8.87%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TARK or KORU?

TARK is cheaper with a 1.15% expense ratio, compared with 1.32% for KORU.

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

TARK has the higher dividend yield at 32.61%, compared with 0.38% for KORU.

What is the main difference between TARK and KORU?

TARK is categorized as Leveraged Equities, while KORU is South Korea Equities. They also come from different issuers: AXS and Direxion. Their fees differ too: 1.15% for TARK and 1.32% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (2.78 vs -0.06), 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.