TMF vs. KORU
TMF (Direxion Daily 20+ Year Treasury Bull 3X ETF) and KORU (Direxion Daily MSCI South Korea Bull 3X Shares) are both exchange-traded funds - TMF is a Leveraged Bonds fund tracking the ICE U.S. Treasury 20+ Year Bond 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, TMF returned -18.08%/yr vs 6.71%/yr for KORU. At a correlation of -0.07, they often move in opposite directions. TMF charges 1.01%/yr vs 1.32%/yr for KORU.
Performance
TMF vs. KORU - Performance Comparison
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Returns By Period
In the year-to-date period, TMF achieves a -11.93% return, which is significantly lower than KORU's 139.37% return. Over the past 10 years, TMF has underperformed KORU with an annualized return of -18.08%, while KORU has yielded a comparatively higher 6.71% annualized return.
TMF
- 1D
- -1.01%
- 1M
- -10.16%
- 6M
- -9.78%
- YTD
- -11.93%
- 1Y
- -7.67%
- 3Y*
- -21.85%
- 5Y*
- -34.00%
- 10Y*
- -18.08%
- ALL TIME*
- -6.40%
KORU
- 1D
- 18.03%
- 1M
- -60.16%
- 6M
- 64.51%
- YTD
- 139.37%
- 1Y
- 406.75%
- 3Y*
- 65.37%
- 5Y*
- 3.37%
- 10Y*
- 6.71%
- ALL TIME*
- 1.58%
TMF vs. KORU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | -11.93% | -2.94% | -35.95% | -13.01% | -72.60% | -19.80% | 39.02% | 34.75% | -11.01% | 22.72% |
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 139.37% | 432.73% | -62.18% | 28.61% | -70.16% | -33.86% | 48.78% | 5.47% | -59.89% | 167.08% |
Correlation
The correlation between TMF and KORU is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2013 | -0.07 |
The correlation between TMF and KORU shifts across timeframes, from -0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TMF vs. KORU — Risk / Return Rank
TMF
KORU
TMF vs. KORU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) 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.
| TMF | KORU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.97 | ||
| Sortino ratioReturn per unit of downside risk | -2.98 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.39 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.29 | 5.76 | -6.06 |
| Martin ratioReturn relative to average drawdown | -0.58 | 15.72 | -16.30 |
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Drawdowns
TMF vs. KORU - Drawdown Comparison
The maximum TMF drawdown since its inception was -92.89%, roughly equal to the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for TMF and KORU.
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Drawdown Indicators
| TMF | KORU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.89% | -95.79% | +2.90% |
Max Drawdown (1Y)Largest decline over 1 year | -26.51% | -71.13% | +44.62% |
Max Drawdown (3Y)Largest decline over 3 years | -53.47% | -73.34% | +19.87% |
Max Drawdown (5Y)Largest decline over 5 years | -88.81% | -92.74% | +3.93% |
Max Drawdown (10Y)Largest decline over 10 years | -92.89% | -95.79% | +2.90% |
Current DrawdownCurrent decline from peak | -92.71% | -65.64% | -27.07% |
Average DrawdownAverage peak-to-trough decline | -43.98% | -57.40% | +13.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.32% | 26.04% | -12.72% |
Volatility
TMF vs. KORU - Volatility Comparison
The current volatility for Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) is 7.32%, while Direxion Daily MSCI South Korea Bull 3X Shares (KORU) has a volatility of 70.29%. This indicates that TMF 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
| TMF | KORU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.32% | 70.29% | -62.97% |
Volatility (6M)Calculated over the trailing 6-month period | 19.81% | 148.29% | -128.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.58% | 152.54% | -124.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.37% | 94.31% | -47.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.72% | 84.57% | -40.85% |
TMF vs. KORU - Expense Ratio Comparison
TMF has a 1.01% expense ratio, which is lower than KORU's 1.32% expense ratio.
Dividends
TMF vs. KORU - Dividend Comparison
TMF's dividend yield for the trailing twelve months is around 4.48%, more than KORU's 0.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
KORU Direxion Daily MSCI South Korea Bull 3X Shares | 0.36% | 0.89% | 4.10% | 2.55% | 0.48% | 0.76% | 0.01% | 0.93% | 1.40% | 3.59% |
TMF Direxion Daily 20+ Year Treasury Bull 3X ETF | 4.48% | 4.06% | 4.29% | 2.82% | 1.62% | 0.13% | 2.23% | 0.94% | 1.49% | 0.41% |
Frequently Asked Questions
TMF and KORU have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KORU has higher volatility (70.29%) compared to TMF (7.32%). In terms of maximum drawdown, TMF dropped -92.89% vs KORU's -95.79%.
On 10-year performance, KORU leads with 6.71% vs -18.08% for TMF. On fees, TMF is cheaper at 1.01% per year. On volatility, TMF has been the lower-risk option at 7.32%. 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 6.71% return vs -18.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TMF is cheaper with a 1.01% expense ratio, compared with 1.32% for KORU.
TMF has the higher dividend yield at 4.48%, compared with 0.36% for KORU.
TMF is categorized as Leveraged Bonds, while KORU is South Korea Equities. TMF tracks ICE U.S. Treasury 20+ Year Bond Index (300%), while KORU tracks MSCI Korea 25/50 Index. Their fees differ too: 1.01% for TMF and 1.32% for KORU.
KORU currently has the higher Sharpe Ratio (2.69 vs -0.28), 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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