Which came closer to its stated multiple, KORU or KRWX?

Over the window to Sep 30, 2026, KORU finished 28.9 points from what its multiple implies and KRWX finished 11.4 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 59% annualized and KRWX’s at 59%, 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.

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KORU vs KRWX: which held to its multiple?

Over three months against its own daily promise, KORU finished 6.6 points short and KRWX 3.3 points short. Direxion Daily MSCI South Korea Bull 3X ETF and Corgi South Korea 2x Daily ETF.

−33.3%

KORU returned, 3 months

−14.4%

KRWX returned, 3 months

−28.9 pts

KORU from its stated multiple

−11.4 pts

KRWX from its stated multiple

KORU · 3 months to Sep 30, 202628.9 pts short of its stated multiple

KORU returned −33.3% while 3 times EWY's move would have been −4.4%

KRWX · 3 months to Sep 30, 202611.4 pts short of its stated multiple

KRWX returned −14.4% while 2 times EWY's move would have been −2.9%

ETFIQ Decay Resistance Score · KRWX scores higherDid it keep up with its own daily multiple, compounded day by day?

KORU 6.9

KRWX 33

0.1, the lowest in this set99.9, the highest

A percentile among the 470 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

	Total return		Multiple would give		Difference
Window	KORU	KRWX	KORU	KRWX	KORU	KRWX
1 month	−4.5%	−1.2%	+3.2%	+2.1%	−7.7 pts	−3.3 pts
3 months	−33.3%	−14.4%	−4.4%	−2.9%	−28.9 pts	−11.4 pts
6 months	+30.9%	not published	+134.4%	not published	−103.6 pts	not published
1 year	+282.9%	not published	not meaningful	not published	not meaningful	not published
3 years	+511.2%	not published	not meaningful	not published	not meaningful	not published
Since launch KORU Apr 2013 · KRWX Jun 2026	+10.0%	−40.0%	not meaningful	−28.3%	not meaningful	−11.6 pts

KORU and KRWX over each window. Every figure is an ETFIQ calculation with distributions reinvested. Source: ETFIQ. Open the live comparison on ETFIQ →

On the same fields

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

Underlying asset EWY EWY

Segment country country

Fund returned, 3 months or since launch −33.3% −14.4%

Underlying returned, over that window −1.5% −1.5%

What the stated multiple implies, over that window −4.4% −2.9%

Difference from stated, over that window −28.9 pts −11.4 pts

Fund returned, 1 year or since launch +282.9% −40.0%

Difference from stated, over that window not available −11.6 pts

Underlying volatility 59% 59%

Expense ratio 1.32% 0.45%

Launched Apr 10, 2013 Jun 3, 2026

Net assets $1.3bn $885,107

KORU and KRWX on the same fields, as of Sep 30, 2026. Source: ETFIQ.

KORU in plain words

Three months to Sep 30, 2026: KORU returned −33.3% where its own daily promise gave −26.6%, 6.6 points short. Read the multiple against the whole window instead and 3 times EWY's −1.5% implies −4.4%, which makes KORU look 28.9 points short. 22.2 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 59% 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 30, 2026: KRWX returned −14.4% where its own daily promise gave −11.1%, 3.3 points short. Read the multiple against the whole window instead and 2 times EWY's −1.5% implies −2.9%, which makes KRWX look 11.4 points short. 8.1 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 30, 2026, KORU finished 28.9 points from what its multiple implies and KRWX finished 11.4 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 59% annualized and KRWX’s at 59%, 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.

Other comparisons

EWY →KORU on its own →KRWX on its own →How every figure is computed →Standards and sources →

Where these figures came from

KORU filings on SEC EDGAR ↗KORU prospectus with the expense ratio (SEC) ↗Direxion website ↗KRWX filings on SEC EDGAR ↗KRWX prospectus with the expense ratio (SEC) ↗Corgi website ↗

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement. A comparison is not a recommendation.

Cite this page

ETFIQ, KORU against KRWX, data as of Sep 30, 2026. https://etfiq.com/compare/leverage/koru-vs-krwx

Open data

Free to use with attribution. Every figure is calculated from a named public source; the method is at etfiq.com/methodology.