What is the ISIN of Direxion Daily MSCI South Korea Bull 3X ETF?

The ISIN of Direxion Daily MSCI South Korea Bull 3X ETF is US25461A3876.

What does leveraged daily exposure mean for Direxion Daily MSCI South Korea Bull 3X ETF?

Direxion Daily MSCI South Korea Bull 3X ETF aims to deliver 3 times the daily return of MSCI (long). The leverage resets each trading day, so multi-day returns can differ materially from 3X the underlying's cumulative return.

What is volatility decay and how does it affect Direxion Daily MSCI South Korea Bull 3X ETF?

Volatility decay (also called compounding drag) occurs because Direxion Daily MSCI South Korea Bull 3X ETF rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 3X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.

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Direxion Daily MSCI South Korea Bull 3X ETF (KORU) Price

Direxion Daily MSCI South Korea Bull 3X ETF Price

— EUR

PRO

TER1.32 %

AUM1.17 B USD

IndexMSCI Korea 25-50

CurrencyUSD

Funds Launch4/11/2013

Direxion Daily MSCI South Korea Bull 3X ETF Price

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Underlying

MSCI

MSCI3X Long Daily

MSCI

Direxion Daily MSCI South Korea Bull 3X ETF provides 3X daily exposure to MSCI.

Leverage & Compounding Risk

This ETF rebalances daily to achieve its 3X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 3X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.