{
 "ticker": "KORU",
 "name": "Direxion Daily MSCI South Korea Bull 3X ETF",
 "issuer": "Direxion",
 "desk": "leverage",
 "url": "https://etfiq.com/funds/KORU",
 "html": "https://etfiq.com/funds/KORU",
 "markdown": "https://etfiq.com/funds/KORU.md",
 "as_of": "2026-09-11",
 "verdict": "Three months to Sep 11, 2026: KORU returned \u221244.1% where its own daily promise gave \u221239.0%, 5.1 points short.",
 "key_facts": [
  {
   "key": "what_ewy_did",
   "label": "What EWY did",
   "value": "\u22124.4%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "KORU, what EWY did: \u22124.4%, as of Sep 11, 2026."
  },
  {
   "key": "what_3_times_a_day_gives",
   "label": "What +3 times a day gives",
   "value": "\u221239.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "KORU, what +3 times a day gives: \u221239.0%, as of Sep 11, 2026."
  },
  {
   "key": "what_the_fund_returned",
   "label": "What the fund returned",
   "value": "\u221244.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "KORU, what the fund returned: \u221244.1%, as of Sep 11, 2026."
  },
  {
   "key": "the_fund_itself_cost",
   "label": "The fund itself cost",
   "value": "\u22125.1 pts",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "KORU, the fund itself cost: \u22125.1 pts, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.6bn",
   "source": "source, as filed for Apr 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "KORU, net assets: $1.6bn (source, as filed for Apr 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.32%",
   "source": "485BPOS XBRL, Feb 26, 2026",
   "as_of": "2026-09-11",
   "sentence": "KORU, expense ratio: 1.32% (485BPOS XBRL, Feb 26, 2026)."
  }
 ],
 "fields": [
  {
   "key": "sets_out_to_return",
   "label": "Sets out to return",
   "value": "+3 times the daily move of EWY, reset daily",
   "source": null
  },
  {
   "key": "multiple_a_holder_actually_got_over_the_window",
   "label": "Multiple a holder actually got over the window",
   "value": "EWY moved \u22124.4% over this window, too little to read a multiple from",
   "source": "ETFIQ"
  },
  {
   "key": "underlying",
   "label": "Underlying",
   "value": "EWY",
   "source": null
  },
  {
   "key": "segment",
   "label": "Segment",
   "value": "sector or country, country",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$1.6bn",
   "source": "source, as filed for Apr 30, 2026"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "1.32%",
   "source": "485BPOS XBRL, Feb 26, 2026"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Apr 10, 2013",
   "source": null
  },
  {
   "key": "underlying_volatility_over_the_window",
   "label": "Underlying volatility over the window",
   "value": "67% annualized",
   "source": "ETFIQ"
  }
 ],
 "periods": [
  {
   "window": "1 month",
   "Fund": "+13.5%",
   "EWY": "+7.3%",
   "+3x the move": "+21.9%",
   "Difference": "\u22128.4 pts",
   "EWY moved about": "46%"
  },
  {
   "window": "3 months",
   "Fund": "\u221244.1%",
   "EWY": "\u22124.4%",
   "+3x the move": "\u221213.3%",
   "Difference": "\u221230.8 pts",
   "EWY moved about": "67%"
  },
  {
   "window": "6 months",
   "Fund": "+45.9%",
   "EWY": "+52.0%",
   "+3x the move": "+156.0%",
   "Difference": "\u2212110.1 pts",
   "EWY moved about": "70%"
  },
  {
   "window": "1 year",
   "Fund": "+375.5%",
   "EWY": "+147.9%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "EWY moved about": "56%"
  },
  {
   "window": "3 years",
   "Fund": "+497.7%",
   "EWY": "+227.1%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "EWY moved about": "38%"
  },
  {
   "window": "Since launch",
   "Fund": "+26.7%",
   "EWY": "+320.5%",
   "+3x the move": "not meaningful over this window",
   "Difference": "not meaningful over this window",
   "EWY moved about": "27%"
  }
 ],
 "questions": [
  {
   "q": "Did KORU return +3 times EWY?",
   "a": "Over the window to Sep 11, 2026, EWY moved \u22124.4% and KORU returned \u221244.1%. 3 times that move is \u221213.3%, so the fund came out 30.8 points short of it."
  },
  {
   "q": "Why does KORU not return +3 times over a year?",
   "a": "Because it resets daily. KORU aims at +3 times each day's move, and daily results compound. Over a run where the underlying falls and comes back, compounding a levered daily return leaves a holder behind what +3 times the period move would suggest; over a steady run in one direction it can leave them ahead. The longer the holding, and the more the underlying moves about, the further apart the two figures get."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}