XKS2.L vs. 3KOR.L

Last updated Jul 16, 2026

XKS2.L (Xtrackers MSCI Korea UCITS ETF 1C) and 3KOR.L (Leverage Shares 3x Long South Korea ETP Securities) are both South Korea Equities funds. XKS2.L is passively managed, while 3KOR.L is actively managed. Over the past 3 years, XKS2.L returned 37.32%/yr vs 49.40%/yr for 3KOR.L. Their correlation of 0.94 suggests significant overlap in exposure. XKS2.L charges 0.65%/yr vs 0.75%/yr for 3KOR.L.

Performance

XKS2.L vs. 3KOR.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XKS2.L is traded in GBp, while 3KOR.L is traded in USD. To make them comparable, the 3KOR.L values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XKS2.L achieves a 72.40% return, which is significantly lower than 3KOR.L's 124.48% return.

XKS2.L

• 1D: -4.15%
• 1M: -19.60%
• 6M: 54.18%
• YTD: 72.40%
• 1Y: 141.23%
• 3Y*: 37.32%
• 5Y*: 15.54%
• 10Y*: 14.28%

3KOR.L

• 1D: -11.21%
• 1M: -56.43%
• 6M: 66.70%
• YTD: 124.48%
• 1Y: 375.45%
• 3Y*: 49.40%
• 5Y*: —
• 10Y*: —

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

XKS2.L vs. 3KOR.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XKS2.L Xtrackers MSCI Korea UCITS ETF 1C	72.40%	85.79%	-21.66%	13.44%	-11.69%
3KOR.L Leverage Shares 3x Long South Korea ETP Securities	124.48%	324.15%	-61.68%	9.27%	-54.74%

Correlation

The correlation between XKS2.L and 3KOR.L is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jun 6, 2022	0.94

The correlation between XKS2.L and 3KOR.L has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

XKS2.L vs. 3KOR.L - Sectors Allocation Comparison

Sectors	XKS2.L	3KOR.L
Technology	59.9%	63.4%
Industrials	16.2%	15.2%
Financial Services	8.2%	7.4%
Consumer Cyclical	6.8%	5.5%
Healthcare	2.6%	2.5%
Communication Services	2.4%	2.1%
Basic Materials	1.6%	1.4%
Consumer Defensive	1.2%	1.3%
Energy	0.8%	0.9%
Utilities	0.3%	0.3%
Real Estate	-	-

Return for Risk

XKS2.L vs. 3KOR.L — Risk / Return Rank

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

XKS2.L

XKS2.L Risk / Return Rank: 93
XKS2.L Sharpe Ratio Rank: 96
XKS2.L Sortino Ratio Rank: 91
XKS2.L Omega Ratio Rank: 92
XKS2.L Calmar Ratio Rank: 94
XKS2.L Martin Ratio Rank: 93

3KOR.L

3KOR.L Risk / Return Rank: 88
3KOR.L Sharpe Ratio Rank: 95
3KOR.L Sortino Ratio Rank: 78
3KOR.L Omega Ratio Rank: 82
3KOR.L Calmar Ratio Rank: 95
3KOR.L Martin Ratio Rank: 90

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.

XKS2.L vs. 3KOR.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) and Leverage Shares 3x Long South Korea ETP Securities (3KOR.L). 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.

	XKS2.L	3KOR.L	Difference
Sharpe ratio: Return per unit of total volatility	3.31	2.90	+0.41
Sortino ratio: Return per unit of downside risk	3.46	2.78	+0.68
Omega ratio: Gain probability vs. loss probability	1.49	1.39	+0.10
Calmar ratio: Return relative to maximum drawdown	5.83	5.76	+0.07
Martin ratio: Return relative to average drawdown	18.56	15.71	+2.86

XKS2.L vs. 3KOR.L - Sharpe Ratio Comparison

The current XKS2.L Sharpe Ratio is 3.31, which is comparable to the 3KOR.L Sharpe Ratio of 2.90. The chart below compares the historical Sharpe Ratios of XKS2.L and 3KOR.L, 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

XKS2.L vs. 3KOR.L - Drawdown Comparison

The maximum XKS2.L drawdown since its inception was -76.54%, smaller than the maximum 3KOR.L drawdown of -85.83%. Use the drawdown chart below to compare losses from any high point for XKS2.L and 3KOR.L.

Drawdown Indicators

	XKS2.L	3KOR.L	Difference
Max Drawdown Largest peak-to-trough decline	-76.54%	-85.83%	+9.29%
Max Drawdown (1Y) Largest decline over 1 year	-24.07%	-64.70%	+40.63%
Max Drawdown (3Y) Largest decline over 3 years	-37.56%	-74.96%	+37.40%
Max Drawdown (5Y) Largest decline over 5 years	-39.34%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.01%	—	—
Current Drawdown Current decline from peak	-24.07%	-64.70%	+40.63%
Average Drawdown Average peak-to-trough decline	-29.28%	-52.67%	+23.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.58%	23.77%	-16.19%

Volatility

XKS2.L vs. 3KOR.L - Volatility Comparison

The current volatility for Xtrackers MSCI Korea UCITS ETF 1C (XKS2.L) is 20.03%, while Leverage Shares 3x Long South Korea ETP Securities (3KOR.L) has a volatility of 61.37%. This indicates that XKS2.L experiences smaller price fluctuations and is considered to be less risky than 3KOR.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XKS2.L	3KOR.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.03%	61.37%	-41.34%
Volatility (6M) Calculated over the trailing 6-month period	38.54%	119.63%	-81.09%
Volatility (1Y) Calculated over the trailing 1-year period	42.43%	128.33%	-85.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.58%	86.79%	-56.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.18%	86.79%	-59.61%

XKS2.L vs. 3KOR.L - Expense Ratio Comparison

XKS2.L has a 0.65% expense ratio, which is lower than 3KOR.L's 0.75% expense ratio.

Dividends

XKS2.L vs. 3KOR.L - Dividend Comparison

Neither XKS2.L nor 3KOR.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XKS2.L and 3KOR.L in my portfolio?

With a correlation of 0.96, XKS2.L and 3KOR.L move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XKS2.L or 3KOR.L?

On fees, XKS2.L is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XKS2.L or 3KOR.L?

XKS2.L is cheaper with a 0.65% expense ratio, compared with 0.75% for 3KOR.L.

What is the main difference between XKS2.L and 3KOR.L?

They also come from different issuers: Xtrackers and Leverage Shares. Their fees differ too: 0.65% for XKS2.L and 0.75% for 3KOR.L.