TSLR vs. KORU

Last updated Jun 4, 2026

TSLR (GraniteShares 2x Long TSLA Daily ETF) and KORU (Direxion Daily South Korea Bull 3X Shares) are both Leveraged Equities funds. TSLR is actively managed, while KORU is passively managed. Over the past year, TSLR returned 8.94% vs 2160.10% for KORU. At a 0.33 correlation, their price movements are largely independent. TSLR charges 1.50%/yr vs 1.29%/yr for KORU.

Performance

TSLR vs. KORU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long TSLA Daily ETF (TSLR) and Direxion Daily 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, TSLR achieves a -20.05% return, which is significantly lower than KORU's 559.14% return.

TSLR

• 1D: -0.17%
• 1M: 13.88%
• YTD: -20.05%
• 6M: -20.52%
• 1Y: 8.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KORU

• 1D: -2.29%
• 1M: 92.47%
• YTD: 559.14%
• 6M: 689.29%
• 1Y: 2,160.10%
• 3Y*: 132.56%
• 5Y*: 23.42%
• 10Y*: 19.62%

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

TSLR vs. KORU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSLR GraniteShares 2x Long TSLA Daily ETF	-20.05%	-25.97%	67.57%	1.69%
KORU Direxion Daily South Korea Bull 3X Shares	559.14%	432.73%	-62.18%	22.45%

Correlation

The correlation between TSLR and KORU is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (All Time) Calculated using the full available price history since Aug 23, 2023	0.33

TSLR vs. KORU - Sectors Allocation Comparison

Sectors	TSLR	KORU
Consumer Cyclical	66.6%	5.8%
Basic Materials	-	2.0%
Communication Services	-	2.9%
Consumer Defensive	-	1.8%
Energy	-	1.4%
Financial Services	-	16.7%
Healthcare	-	3.5%
Industrials	-	20.4%
Real Estate	-	-
Technology	-	52.3%
Utilities	-	0.4%

Return for Risk

TSLR vs. KORU — Risk / Return Rank

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

TSLR

TSLR Risk / Return Rank: 12
TSLR Sharpe Ratio Rank: 10
TSLR Sortino Ratio Rank: 16
TSLR Omega Ratio Rank: 16
TSLR Calmar Ratio Rank: 10
TSLR Martin Ratio Rank: 10

KORU

KORU Risk / Return Rank: 97
KORU Sharpe Ratio Rank: 100
KORU Sortino Ratio Rank: 95
KORU Omega Ratio Rank: 95
KORU Calmar Ratio Rank: 99
KORU Martin Ratio Rank: 99

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.

TSLR vs. KORU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long TSLA Daily ETF (TSLR) 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.

	TSLR	KORU	Difference
Sharpe ratio: Return per unit of total volatility	0.10	17.63	-17.53
Sortino ratio: Return per unit of downside risk	0.80	5.20	-4.40
Omega ratio: Gain probability vs. loss probability	1.10	1.72	-0.63
Calmar ratio: Return relative to maximum drawdown	0.17	35.65	-35.48
Martin ratio: Return relative to average drawdown	0.34	112.99	-112.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSLR vs. KORU - Sharpe Ratio Comparison

The current TSLR Sharpe Ratio is 0.10, which is lower than the KORU Sharpe Ratio of 17.63. The chart below compares the historical Sharpe Ratios of TSLR 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.

Sharpe Ratios by Period

	TSLR	KORU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	17.63	-17.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.28	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.25	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.00	0.13	-0.12

Drawdowns

TSLR vs. KORU - Drawdown Comparison

The maximum TSLR drawdown since its inception was -82.80%, smaller than the maximum KORU drawdown of -95.79%. Use the drawdown chart below to compare losses from any high point for TSLR and KORU.

Drawdown Indicators

	TSLR	KORU	Difference
Max Drawdown Largest peak-to-trough decline	-82.80%	-95.79%	+12.99%
Max Drawdown (1Y) Largest decline over 1 year	-54.37%	-61.39%	+7.02%
Max Drawdown (3Y) Largest decline over 3 years	—	-73.71%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-93.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-95.79%	—
Current Drawdown Current decline from peak	-59.09%	-5.39%	-53.70%
Average Drawdown Average peak-to-trough decline	-50.24%	-57.53%	+7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.45%	19.33%	+7.12%

Volatility

TSLR vs. KORU - Volatility Comparison

The current volatility for GraniteShares 2x Long TSLA Daily ETF (TSLR) is 24.40%, while Direxion Daily South Korea Bull 3X Shares (KORU) has a volatility of 60.18%. This indicates that TSLR 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

	TSLR	KORU	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.40%	60.18%	-35.78%
Volatility (6M) Calculated over the trailing 6-month period	54.65%	110.71%	-56.06%
Volatility (1Y) Calculated over the trailing 1-year period	92.75%	124.15%	-31.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	115.54%	85.11%	+30.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	115.54%	79.91%	+35.63%

TSLR vs. KORU - Expense Ratio Comparison

TSLR has a 1.50% expense ratio, which is higher than KORU's 1.29% expense ratio.

Dividends

TSLR vs. KORU - Dividend Comparison

TSLR has not paid dividends to shareholders, while KORU's dividend yield for the trailing twelve months is around 0.14%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KORU Direxion Daily South Korea Bull 3X Shares	0.14%	0.89%	4.10%	2.55%	0.48%	0.76%	0.01%	0.93%	1.40%	3.59%
TSLR GraniteShares 2x Long TSLA Daily ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TSLR and KORU in my portfolio?

TSLR and KORU have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSLR or KORU?

KORU has higher volatility (60.18%) compared to TSLR (24.40%). In terms of maximum drawdown, TSLR dropped -82.80% vs KORU's -95.79%.

Which ETF is better, TSLR or KORU?

On 1-year performance, KORU leads with 2160.10% vs 8.94% for TSLR. On fees, KORU is cheaper at 1.29% per year. On volatility, TSLR has been the lower-risk option at 24.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TSLR or KORU?

Over the 1-year period, KORU has performed better with a 2160.10% return vs 8.94%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TSLR or KORU?

KORU is cheaper with a 1.29% expense ratio, compared with 1.50% for TSLR.

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

KORU has the higher dividend yield at 0.14%, compared with 0.00% for TSLR.

What is the main difference between TSLR and KORU?

They also come from different issuers: GraniteShares and Direxion. Their fees differ too: 1.50% for TSLR and 1.29% for KORU.

Which has better risk-adjusted returns?

KORU currently has the higher Sharpe Ratio (17.63 vs 0.10), 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.