Data as of .
KORU vs KRWX: which held to its multiple?
Over three months against its own daily promise, KORU finished 5.1 points short and KRWX 2.4 points short.
ETFIQ Decay Resistance Score: KRWX scores higher
Did it keep up with its own daily multiple, compounded day by day?
A percentile among the 391 leveraged ETFs, long, over three months. It is a position in a set, not a rating, and neither end of it is a recommendation. All leveraged ETFs ranked by it · How it is computed
Performance, window by window
| Window | Total return | Multiple would give | Difference | |||
|---|---|---|---|---|---|---|
| KORU | KRWX | KORU | KRWX | KORU | KRWX | |
| 1 month | +13.5% | +12.2% | +21.9% | +14.6% | −8.4 pts | −2.5 pts |
| 3 months | −44.1% | −21.1% | −13.3% | −8.8% | −30.8 pts | −12.3 pts |
| 6 months | +45.9% | not published | +156.0% | not published | −110.1 pts | not published |
| 1 year | +375.5% | not published | not meaningful | not published | not meaningful | not published |
| 3 years | +497.7% | not published | not meaningful | not published | not meaningful | not published |
| Since launch | +26.7% | −34.6% | not meaningful | −22.8% | not meaningful | −11.8 pts |
| KORU Direxion Daily MSCI South Korea Bull 3X ETF Aims to return three times the daily move of ISHARES MSCI SOUTH KOREA ETF (EWY) | KRWX Corgi South Korea 2x Daily ETF Aims to return twice the daily move of ISHARES MSCI SOUTH KOREA ETF (EWY) | |
|---|---|---|
| Issuer | Direxion | Corgi |
| Sets out to return | +3x | +2x |
| On | EWY | EWY |
| Segment | country | country |
| Fund returned, 3 months | −44.1% | −21.1% |
| Underlying returned, 3 months | −4.4% | −4.4% |
| What the stated multiple implies, 3 months | −13.3% | −8.8% |
| Difference from stated, 3 months | −30.8 pts | −12.3 pts |
| Fund returned, 1 year or since launch | +375.5% | −34.6% |
| Difference from stated, over that window | not available | −11.8 pts |
| Underlying volatility | 67% | 67% |
| Expense ratio | 1.32% | 0.45% |
| Launched | Apr 10, 2013 | Jun 3, 2026 |
KORU in plain words
Three months to Sep 11, 2026: KORU returned −44.1% where its own daily promise gave −39.0%, 5.1 points short. Read the multiple against the whole window instead and +3 times EWY's −4.4% implies −13.3%, which makes KORU look 30.8 points short. 25.7 of that is daily compounding, which happens to any +3 times fund over the same path, and the rest is the fund. KORU aims to return +3 times EWY's move each day, then resets. Over one day it does that. Over longer, the daily results compound, so the total is not +3 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more. EWY moved at 67% annualized over that window. That is what decides how far the two figures separate: the same fund on a calm underlying and a violent one is a different product.
KRWX in plain words
Three months to Sep 11, 2026: KRWX returned −21.1% where its own daily promise gave −18.7%, 2.4 points short. Read the multiple against the whole window instead and +2 times EWY's −4.4% implies −8.8%, which makes KRWX look 12.3 points short. 9.8 of that is daily compounding, which happens to any +2 times fund over the same path, and the rest is the fund. KRWX aims to return +2 times EWY's move each day, then resets. Over longer, the daily results compound, so the total is not +2 times the period's move: in a market that falls and comes back it is reliably less, and in a steady run it can be more.
Questions people ask
- Which came closer to its stated multiple, KORU or KRWX?
- Over the window to Sep 11, 2026, KORU finished 30.8 points from what its multiple implies and KRWX finished 12.3 points from its own, so KRWX came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are KORU and KRWX levered on the same thing?
- Yes. Both are levered on ISHARES MSCI SOUTH KOREA ETF, KORU at +3 times and KRWX at +2 times the daily move.
- Which one decays faster, KORU or KRWX?
- Decay follows how much the underlying moves about. Over this window KORU’s moved at 67% annualized and KRWX’s at 67%, so KORU has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold KORU or KRWX for a year?
- Both reset every day, so the multiple in the name applies to a single day and the daily results compound. Over a year the total is not the multiple times the year’s move, and in a market that falls and comes back it is reliably less. ETFIQ makes no recommendation either way.
- Which is cheaper, KORU or KRWX?
- KORU charges 1.32% a year and KRWX charges 0.45%, so KRWX is cheaper. Fees come from each fund's prospectus.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
Cite this page. ETFIQ, KORU against KRWX, data as of Sep 11, 2026. https://etfiq.com/compare/leverage/KORU-KRWX Free to use with attribution; the underlying files are at Open data.