I think KORU has already become undervalued after a steep drop.
The South Korean KOSPI index rose steadily from about 3,000 points to a peak of 9,385.59 points in June 2026, an increase of more than three times. After that, the index pulled back to around 5,600 points, a decline of about 40%.
However, the 3x leveraged ETF—KORU—fell from about $50 to around $11, with a maximum drawdown of nearly 80%, significantly worse than the index’s decline itself.
In my view, this is already a typical case of an oversold move.
Of course, “oversold” doesn’t necessarily mean an immediate rebound, and it doesn’t mean it won’t continue to fall. But based on historical experience, when leveraged ETFs experience a large drawdown of 70%–80%, market sentiment often shifts from extremely optimistic to extremely pessimistic, and much of the risk has already been released. What’s worth focusing on next is whether the fundamentals and market sentiment show improvement.
These are only my personal opinions and do not constitute investment advice.$KORU