Share-split context: This ETF has both forward- and reverse-split history. The most recent recorded event was on Jul 15, 2026 with coefficient 20. Current price-return figures are already split-adjusted. Forward splits receive no automatic performance penalty; reverse-split history remains a separate structural warning.

What this ETF is trying to do

KORU (DIREXION DAILY MSCI SOUTH KOREA BULL 3X SHARES) is an ETF designed to follow the daily performance of the MSCI South Korea Index. Because it is a "3X Bull" fund, it uses leverage to try and provide three times the daily return of that index. This means it aims for much larger gains when the market goes up, but also much larger losses when the market goes down.

What the numbers show

The data shows significant movement in KORU's share price over different time periods:

• Year-to-Date (YTD): The price return is approximately 120.80%, while the total return is approximately 120.88%.

• One-Year: The price return is approximately 238.45%, and the total return is approximately 241.71%.

• Three-Year: The price return is approximately 490.57%, and the total return is approximately 524.70%.

Price return only measures how much the share price changed. Total return includes both the share price change and any distributions (like cash payments) received during that time.

KORU has a "mixed" split history, meaning it has experienced both forward and reverse splits. A forward split occurred when each old share became multiple new shares, causing the per-share price to fall proportionally; this did not change ownership or create a gain or loss. A reverse split occurred when multiple old shares were combined into fewer new shares, which caused the per-share price to rise mechanically. This mechanical increase did not restore any lost investment value. The most recent split happened on July 15, 2026.

Income and distribution explanation

KORU has a distribution yield of approximately 7.91%. In the last 12 months, it made 2 payouts. These distributions happen on an irregular or less frequent basis. It is important to remember that a high distribution yield does not automatically mean an investor earned that percentage as a total return.

NAV erosion explanation

The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion. However, the fund has an erosion score of 100 with a "good" severity rating, and the report indicates that no price erosion was detected.

Pros

• High Returns: The ETF has shown very high price and total returns over the one-year and three-year periods.

• Income Potential: It offers a distribution yield of approximately 7.91%.

• No Price Erosion Detected: The current erosion score is rated as "good."

Cons

• Leverage Risk: Because this is a 3X leveraged ETF, it is subject to high volatility and can lose value quickly.

• Concentration: The data shows only one top holding: ISHARES MSCI SOUTH KOREA ETF (EWY) at 18.31%.

Beginner takeaway

KORU is a leveraged tool used to try and multiply the daily moves of the South Korean stock market. While it has shown very high returns recently, its leveraged nature means it carries significant risk. Investors should look closely at how price returns and total returns differ before making decisions.