Direxion Daily MSCI South Korea Bull 3X ETF

Frequently Asked Questions About KORU

What does KORU invest in?

The Direxion Daily MSCI South Korea Bull 3X ETF aims to provide daily returns that are triple (300%) the performance of the MSCI Korea 25/50 Index. This target is measured prior to the deduction of any fees and operating expenses. However, investors should be aware that there is no guarantee the fund will consistently meet its stated objective.

What is the expense ratio of KORU?

Direxion Daily MSCI South Korea Bull 3X ETF (KORU) charges an expense ratio of 1.32%. This is the annual fee deducted from fund assets to cover management and operations.

Is KORU a good long-term hold?

KORU is a leveraged fund designed to deliver a daily multiple of its underlying index. Daily reset compounding means returns over multi-day periods can diverge significantly from the headline multiple — typically negative drift in choppy markets. These funds are designed for short-term tactical use, not buy-and-hold. Review the fund's prospectus before holding more than a few days.

How does KORU's daily reset work?

KORU rebalances exposure each trading day to maintain its target leverage ratio against the next day's move. The daily reset means returns compound at the daily level — so a +1%, −1% sequence on the underlying doesn't return the underlying to flat after the leverage multiplier. Over time this path-dependence erodes returns in volatile markets and amplifies them in trending markets.

How big is KORU?

Direxion Daily MSCI South Korea Bull 3X ETF (KORU) manages $1.62B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is KORU actively managed or an index fund?

KORU's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.