🇰🇷 3x South Korea ETF – $KORU (Direxion Daily MSCI South Korea Bull 3X Shares)

If you’re interested in the South Korean stock market—especially memory chips and semiconductors—this ETF might catch your attention. Think of it like investing in the same country that gave the world BLACKPINK, BTS, EXO, IU, PSY, and Jungkook—a global powerhouse not just in music, but also in technology.

What is $Direxion Daily MSCI South Korea Bull 3x Shares(KORU)$  ?

$KORU is a leveraged ETF (3x) issued by Direxion.

It tracks the MSCI Korea 25/50 Index, which includes large and mid-cap South Korean companies. Heavyweights like Samsung Electronics and SK Hynix dominate the index, meaning it’s strongly tilted toward technology and semiconductors.

The key feature?

It aims to deliver 3 times (3x) the DAILY performance of the index.

If the index rises 1% in a day → $KORU targets +3% (before fees).

If the index falls 1% → $KORU targets -3%.

This makes it more suitable for short-term traders or investors who are extremely bullish on South Korea’s economy.

Performance Snapshot

YTD return: Around 150% — basically rocket mode 🚀

AUM: About $464 million

Expense ratio: 1.32%

Beta: 4.00 (roughly 4x the market volatility)

High return, but very high volatility.

Comparison: $KORU vs $iShares MSCI South Korea ETF(EWY)$  

Let’s compare it with **iShares’**s $EWY (iShares MSCI South Korea ETF).

Both track the same underlying index (MSCI Korea 25/50), meaning exposure is similar:

Large-cap South Korean stocks

~50% technology weighting

Benefiting from growth in companies like Samsung and SK Hynix

Key Differences

Leverage

$KORU = 3x leveraged (aggressive)

$EWY = 1x (no leverage, more stable)

Expense Ratio

$KORU: 1.32%

$EWY: 0.59% (lower cost)

AUM

$KORU: ~$464M

$EWY: >$1.5B (larger, more liquid)

Beta

$KORU: ~4.00

$EWY: ~1.00

Simple Analogy 🎶

$KORU is like a K-pop world tour concert — high energy, explosive, thrilling… but if something goes wrong, it can crash fast.

$EWY is like a steady studio album release — consistent, reliable, long-term play.

$KORU rebalances daily, which means over time, due to compounding effects and volatility decay, long-term returns may deviate significantly from the expected 3x multiple.

$EWY is generally more suitable for buy-and-hold investors who don’t want amplified daily swings.

Who Is It For?

✔ Experienced traders

✔ Short-term momentum plays

✔ High risk tolerance

If you’re new to investing or risk-averse, $KORU is likely not suitable.

Final Reminder ⚠️

Leveraged ETFs are extremely risky.

Because of the 3x structure, even small consecutive declines can wipe out capital quickly during volatile markets.

Direxion itself clearly states that this ETF is meant for short-term trading, not long-term holding.

High reward potential—but equally high risk.

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