TECS vs. KORU
TECS (Direxion Daily Technology Bear 3X Shares) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - TECS is a Leveraged Equities fund tracking the Technology Select Sector 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, TECS returned -61.11%/yr vs 5.03%/yr for KORU. At a correlation of -0.57, they often move in opposite directions. TECS charges 1.08%/yr vs 1.32%/yr for KORU.
Performance
TECS vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, TECS achieves a -54.72% return, which is significantly lower than KORU's 101.15% return. Over the past 10 years, TECS has underperformed KORU with an annualized return of -61.11%, while KORU has yielded a comparatively higher 5.03% annualized return.
TECS
- 1D
- 3.30%
- 1M
- 13.51%
- 6M
- -53.35%
- YTD
- -54.72%
- 1Y
- -67.34%
- 3Y*
- -58.77%
- 5Y*
- -55.06%
- 10Y*
- -61.11%
KORU
- 1D
- -2.09%
- 1M
- -60.06%
- 6M
- 33.41%
- YTD
- 101.15%
- 1Y
- 339.17%
- 3Y*
- 52.96%
- 5Y*
- -0.60%
- 10Y*
- 5.03%
TECS vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -54.72% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 101.15% | 432.73% | -62.18% | 28.61% | -70.16% | -33.86% | 48.78% | 5.47% | -59.89% | 167.08% |
Correlation
The correlation between TECS 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 | -0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.59 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.57 |
The correlation between TECS and KORU shifts across timeframes, from -0.71 (1 year) to -0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TECS vs. KORU — Risk / Return Rank
TECS
KORU
TECS vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Technology Bear 3X Shares (TECS) 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.
| TECS | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.17 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.37 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | 4.80 | -5.69 |
| Martin ratioReturn relative to average drawdown | -1.66 | 13.47 | -15.13 |
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Drawdowns
TECS vs. KORU - Drawdown Comparison
The maximum TECS 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 TECS and KORU.
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Drawdown Indicators
| TECS | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -95.79% | -4.21% |
Max Drawdown (1Y)Largest decline over 1 year | -76.16% | -71.13% | -5.03% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -73.34% | -22.88% |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | -92.74% | -6.08% |
Max Drawdown (10Y)Largest decline over 10 years | -99.99% | -95.79% | -4.20% |
Current DrawdownCurrent decline from peak | -100.00% | -71.13% | -28.87% |
Average DrawdownAverage peak-to-trough decline | -96.77% | -57.40% | -39.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.54% | 25.32% | +15.22% |
Volatility
TECS vs. KORU - Volatility Comparison
The current volatility for Direxion Daily Technology Bear 3X Shares (TECS) is 28.57%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 70.54%. This indicates that TECS 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
| TECS | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 28.57% | 70.54% | -41.97% |
Volatility (6M)Calculated over the trailing 6-month period | 62.74% | 147.46% | -84.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.73% | 151.65% | -77.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 76.32% | 94.00% | -17.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.13% | 84.35% | -11.22% |
TECS vs. KORU - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
TECS vs. KORU - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 7.16%, 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% |
TECS Direxion Daily Technology Bear 3X Shares | 7.16% | 5.83% | 5.24% | 7.52% | 0.00% | 0.00% | 1.50% | 2.40% | 0.72% | 0.00% |
Frequently Asked Questions
TECS 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 (70.54%) compared to TECS (28.57%). In terms of maximum drawdown, TECS dropped -100.00% vs KORU's -95.79%.
On 10-year performance, KORU leads with 5.03% vs -61.11% for TECS. On fees, TECS is cheaper at 1.08% per year. On volatility, TECS has been the lower-risk option at 28.57%. 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 5.03% return vs -61.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TECS is cheaper with a 1.08% expense ratio, compared with 1.32% for KORU.
TECS has the higher dividend yield at 7.16%, compared with 0.43% for KORU.
TECS is categorized as Leveraged Equities, while KORU is South Korea Equities. TECS tracks Technology Select Sector Index (-300%), while KORU tracks MSCI Korea 25/50 Index. Their fees differ too: 1.08% for TECS and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (2.25 vs -0.92), 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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