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FAS vs KORU

Direxion Daily Financial Bull 3X ETF

FASANYSE Arca

Direxion Daily MSCI South Korea Bull 3X ETF

KORUDNYSE Arca

Overlap

Expense ratio

FAS −0.44pt a year

FAS0.88%KORU1.32%

Avg volume · 30D

KORU 73.5×the volume

FAS413KKORU30.3M

10Y return · a year

FAS +21.8pt

FAS+20.9%KORU−0.9%

FAS vs KORU Performance

Oct 29, 2021 – Oct 30, 2026

+31.4%FAS−12.4%KORU

Oct 29, 2021 to Oct 30, 2026. FAS +31.4%. KORU −12.4%. Use the arrow keys to read each point.−100%100%200%300%400%Oct 2021Apr 2024Oct 2026
Expense ratio
FAS 0.88%, better
KORU 1.32%
Fund size
FAS $2.17B
KORU $1.27B
1Y total return
FAS +12.3%
KORU +18.7%, better
Yield (12M)
FAS 8.87%, better
KORU 0.75%
Holdings
FAS 87
KORU 11
Avg volume (30D)
FAS 413K sh
KORU 30.3M sh, better
NAV per share
FAS $168.18
KORU $12.76
52W range

ETF.net Grade

FAS: Cost 92, Risk 69, Mission not scored, Tradability 73, Holdings not scored, Durability 66. KORU: Cost 3, Risk 33, Mission not scored, Tradability 56, Holdings not scored, Durability 63.
Pillar letters and Scores for FAS, KORU, with each pillar’s weight
PillarFASKORU
Cost30% weightA92HigherF3
Mission25% weightNot scoredNot scored
Risk15% weightB69HigherD33
Tradability15% weightA73HigherB56
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherB63

Rank among 3x Leveraged Long funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. FAS and KORU are both graded against the same 30 3x Leveraged Long funds, so their Grades compare head to head.

3x Leveraged Long⁠

Category · 30 funds
See all 30 ›

FAS ranks 3rd and KORU 28th of 30 funds in the 3x Leveraged Long Category.

  1. Rank 1ATQQQProShares UltraPro QQQScore 86
  2. Rank 2AUDOWProShares UltraPro Dow30Score 81
  3. Rank 3AFASDirexion Daily Financial Bull 3X ETFScore 80
  4. Rank 4ASOXLDirexion Daily Semiconductor Bull 3X ETFScore 76
  5. Rank 26DWANTDirexion Daily Consumer Discretionary Bull 3X ETFScore 27
  6. Rank 28DKORUDirexion Daily MSCI South Korea Bull 3X ETFScore 26
  7. Rank 29FYINNDirexion Daily FTSE China Bull 3X SharesScore 19

Our read on each fund

ETF.net Research

FASADirexion Daily Financial Bull 3X ETF

KORUDDirexion Daily MSCI South Korea Bull 3X ETF

In short

FAS Born in November 2008 with the banking system on fire, FAS aims to deliver three times the daily move of the Financial Select Sector Index. A one-day tool on roughly 80 financial stocks, built around a single-day objective.

KORU A 3x daily bet on Korean large caps, re-struck every session. KORU turns the MSCI Korea 25/50 Index into a short-horizon trading instrument, with the cost and wiring that come with the job.

Stated mandate

FAS The fund seeks a daily return equal to three times the performance of the Financial Select Sector Index, before fees and expenses. It is designed for a single-day objective rather than a multiple of the index’s cumulative return over longer periods.

KORU The fund targets daily, pre-fee and pre-expense results equal to 300% of the MSCI Korea 25/50 Index's performance.

Why people hold it

  • FAS Launched in November 2008, into the crisis itself, and still one of the strongest implementations in its 3x peer group.
  • Costs 0.88% net of a waiver through September 1, 2027 (0.92% gross), below the median for 3x leveraged funds.
  • A multi-billion-dollar fund that trades steadily, so the leverage arrives in a reasonably liquid wrapper.
  • Straightforward plumbing: 3x the daily move of one named large-cap financials index, about 80 stocks, no stock-picking overlay.
  • KORU The mandate is unambiguous: 300% of the MSCI Korea 25/50 Index's daily move, before fees and expenses. No stock picking, no discretion, just a stated multiple.
  • A multi-billion-dollar fund that trades heavily, so entering and exiting is rarely the hard part of the trade.
  • Running since 2013, the daily-reset machinery has been through more than a decade of Korean market cycles.

Worth knowing

  • FAS The 3x goal resets every day. Hold longer and compounding can push results away from three times the index's move over that stretch, especially in choppy markets.
  • Leverage runs both directions: down days are magnified just as sharply, and this is one sector in one direction with no diversification cushion.
  • Not the cheapest 3x on the shelf: SOXL runs 0.75% and TQQQ 0.78%, each net of waivers through September 1, 2027 and September 30, 2027.
  • KORU Leverage is priced accordingly: 1.32% a year against a 0.50% median for single-country funds, while plain Korea exposure like FLKR charges 0.09%.
  • The 3x target applies to one day. Hold across choppy stretches and compounding means the result can diverge widely from 3x the index's move over that period.direxion.com
  • One country, one index, tripled. Concentration and leverage stack on each other, and they do it in both directions.

Full FAS profile⁠

Full KORU profile⁠

FAS vs KORU Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

FAS vs KORU Cost

Overpaying KORU vs FAS

$6,963

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FAS 0.88%

    $16,705

  • KORU 1.32%

    $23,668

$10,000
30 years

Cost over time

  • FAS 0.88%
  • KORU 1.32%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K$25K051015202530KORU $23,668FAS $16,705

Year by year

YearFASKORUOverpaying
10$1,559$2,296$737
20$5,891$8,507$2,616
30$16,705$23,668$6,963

Expense ratio

  • 0.88%FAS, cheaper
  • 1.32%KORU
  • Middle half of 3x Leveraged Long funds
  • Median 0.96%

FAS 4th cheapest of 30 funds

KORU 29th cheapest of 30 funds

FAS vs KORU Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
FAS 8.87%, better
KORU 0.75%
Payout (12M)
FAS $14.62
KORU $0.08
Last payment
FAS $1.00
KORU $0.0057
Ex-dividend
FAS Sep 22, 2026
KORU Mar 24, 2026
Paid on
FAS Sep 29, 2026
KORU Mar 31, 2026
Frequency
FAS Quarterly
KORU Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

FASQuarterly · 36 paymentsAll FAS payments⁠
One bar per payment. 36 payments from 2017 to 2026 YTD. Dec 19, 2017 $0.08; Mar 20, 2018 $0.13; Jun 19, 2018 $0.16; Sep 25, 2018 $0.19; Dec 27, 2018 $0.16; Mar 19, 2019 $0.16; Jun 25, 2019 $0.17; Sep 24, 2019 $0.15; Dec 23, 2019 $0.11; Mar 24, 2020 $0.12; Jun 23, 2020 $0.04; Sep 22, 2020 $0.05; Dec 22, 2020 $0.08; Mar 23, 2021 $0.13; Jun 22, 2021 $0.14; Sep 21, 2021 $0.15; Dec 21, 2021 $0.36; Jun 22, 2022 $0.12; Sep 20, 2022 $0.22; Dec 20, 2022 $0.33; Mar 21, 2023 $0.17; Jun 21, 2023 $0.62; Sep 19, 2023 $0.29; Dec 21, 2023 $0.38; Mar 19, 2024 $0.36; Jun 25, 2024 $0.27; Sep 24, 2024 $0.32; Dec 23, 2024 $0.19; Mar 25, 2025 $0.46; Jun 24, 2025 $0.50; Sep 23, 2025 $0.39; Dec 10, 2025 $12.09; Dec 23, 2025 $0.39; Mar 24, 2026 $0.60; Jun 23, 2026 $0.53; Sep 22, 2026 $1.00. Use the arrow keys to read each point.$0$102017202020232026YTD
KORUQuarterly · 22 paymentsAll KORU payments⁠
One bar per payment. 22 payments from 2017 to 2026 YTD. Dec 13, 2017 $0.92; Dec 19, 2017 $0.20; Mar 20, 2018 $0.10; Dec 27, 2018 $0.07; Jun 25, 2019 $0.01; Sep 24, 2019 $0.01; Dec 23, 2019 $0.09; Dec 22, 2020 $0.0016; Dec 21, 2021 $0.10; Dec 20, 2022 $0.02; Mar 21, 2023 $0.02; Jun 21, 2023 $0.02; Sep 19, 2023 $0.0074; Dec 21, 2023 $0.08; Mar 19, 2024 $0.01; Jun 25, 2024 $0.01; Sep 24, 2024 $0.0077; Dec 23, 2024 $0.04; Mar 25, 2025 $0.0026; Jun 24, 2025 $0.0046; Dec 23, 2025 $0.07; Mar 24, 2026 $0.0057. Use the arrow keys to read each point.$0$102017202020232026YTD

FAS vs KORU Risk

Fall from peak · 5 years

  • FAS
  • KORU
Oct 29, 2021 to Oct 30, 2026. Worst fall: KORU −89.1% · Apr 2025. Use the arrow keys to read each point.−75%−50%−25%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
FAS 46.3%, betterKORU 141.6%
Return per unit of riskSharpe ratio, 3 years
FAS 1.03, betterKORU 0.93
Worst fallMax drawdown, 5 years
FAS −66.9%, betterKORU −89.1%
Market sensitivityBeta, 5 years
FAS 2.63KORU 6.02

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