TECS vs. KORU
TECS (Direxion Daily Technology Bear 3X Shares) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds from Direxion - TECS tracks the Technology Select Sector Index (-300%) while KORU tracks the MSCI Korea 25-50 Index. Both are passively managed. Over the past 10 years, TECS returned -62.60%/yr vs 17.17%/yr for KORU. At a correlation of -0.56, they often move in opposite directions. TECS charges 1.08%/yr vs 1.29%/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 -59.96% return, which is significantly lower than KORU's 356.66% return. Over the past 10 years, TECS has underperformed KORU with an annualized return of -62.60%, while KORU has yielded a comparatively higher 17.17% annualized return.
TECS
- 1D
- -2.43%
- 1M
- -6.18%
- YTD
- -59.96%
- 6M
- -57.91%
- 1Y
- -74.73%
- 3Y*
- -63.23%
- 5Y*
- -57.08%
- 10Y*
- -62.60%
KORU
- 1D
- 11.85%
- 1M
- -18.31%
- YTD
- 356.66%
- 6M
- 393.86%
- 1Y
- 905.39%
- 3Y*
- 110.38%
- 5Y*
- 14.71%
- 10Y*
- 17.17%
TECS vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TECS Direxion Daily Technology Bear 3X Shares | -59.96% | -62.44% | -49.76% | -74.45% | 45.05% | -67.92% | -87.79% | -73.77% | -19.14% | -60.81% |
KORU Direxion Daily South Korea Bull 3X Shares | 356.66% | 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 -0.68, 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 | -0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.60 |
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 | -0.56 |
The correlation between TECS and KORU shifts across timeframes, from -0.68 (1 year) to -0.56 (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 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 | -7.42 | ||
| Sortino ratioReturn per unit of downside risk | -5.85 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 1.53 | -0.77 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 14.90 | -15.86 |
| Martin ratioReturn relative to average drawdown | -1.88 | 43.11 | -44.99 |
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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 | -77.76% | -61.39% | -16.37% |
Max Drawdown (3Y)Largest decline over 3 years | -96.22% | -73.34% | -22.88% |
Max Drawdown (5Y)Largest decline over 5 years | -98.82% | -93.34% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -100.00% | -95.79% | -4.21% |
Current DrawdownCurrent decline from peak | -100.00% | -34.45% | -65.55% |
Average DrawdownAverage peak-to-trough decline | -96.76% | -57.40% | -39.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.58% | 21.18% | +19.40% |
Volatility
TECS vs. KORU - Volatility Comparison
The current volatility for Direxion Daily Technology Bear 3X Shares (TECS) is 35.84%, while Direxion Daily South Korea Bull 3X Shares (KORU) has a volatility of 88.86%. 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 | 35.84% | 88.86% | -53.02% |
Volatility (6M)Calculated over the trailing 6-month period | 58.74% | 139.03% | -80.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.18% | 144.03% | -73.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 75.69% | 91.57% | -15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.83% | 83.10% | -10.27% |
TECS vs. KORU - Expense Ratio Comparison
TECS has a 1.08% expense ratio, which is lower than KORU's 1.29% expense ratio.
Dividends
TECS vs. KORU - Dividend Comparison
TECS's dividend yield for the trailing twelve months is around 8.09%, more than KORU's 0.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily South Korea Bull 3X Shares | 0.19% | 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 | 8.09% | 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 -0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (88.86%) compared to TECS (35.84%). In terms of maximum drawdown, TECS dropped -100.00% vs KORU's -95.79%.
On 10-year performance, KORU leads with 17.17% vs -62.60% for TECS. On fees, TECS is cheaper at 1.08% per year. On volatility, TECS has been the lower-risk option at 35.84%. 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 17.17% return vs -62.60%. 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 1.29% for KORU.
TECS has the higher dividend yield at 8.09%, compared with 0.19% for KORU.
TECS tracks Technology Select Sector Index (-300%), while KORU tracks MSCI Korea 25-50 Index. Their fees differ too: 1.08% for TECS and 1.29% for KORU.
KORU currently has the higher Sharpe Ratio (6.35 vs -1.07), 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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