RISE 미국장기국채선물인버스(H) (267450) holdings & weights
Per-holding contribution · concentration · sector skew — a deep read
Fund overview
This is a Korea-listed ETF from KB자산운용. It tracks the S&P U.S. Treasury Bond Futures Inverse Index ER. Key facts — expense ratio 0.4%; net assets about KRW 5.75B; inception 2017-04-20. Its 1-year return is +10.13%.
Fund details
Fund overview
This is a Korea-listed ETF from KB자산운용. It tracks the S&P U.S. Treasury Bond Futures Inverse Index ER. Key facts — expense ratio 0.4%; net assets about KRW 5.75B; inception 2017-04-20. Its 1-year return is +10.13%.
5 identified stocks · net exposure / NAV -54.18%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Weight and calculation basis
5 identified stocks · net exposure / NAV -54.18%. Display weights are normalized to 100%; calculations retain original exposures without an additional leverage multiplier. Cash and unallocated contracts are excluded from stock attribution.
Investor net buying
Latest-session net buying by foreigners, institutions and retail (positive = net buy, negative = net sell).
| Date | Change | Foreign | Inst. | Retail |
|---|---|---|---|---|
| 10/20 | +0.83% | 0 sh | +96 sh | −96 sh |
| 10/19 | -0.04% | 0 sh | −10 sh | +10 sh |
| 10/16 | -0.39% | 0 sh | −316 sh | +316 sh |
| 10/15 | 0% | 0 sh | 0 sh | 0 sh |
| 10/14 | 0% | 0 sh | 0 sh | 0 sh |
Investor flows
Investor net buying
Latest-session net buying by foreigners, institutions and retail (positive = net buy, negative = net sell).
| Date | Change | Foreign | Inst. | Retail |
|---|---|---|---|---|
| 10/20 | +0.83% | 0 sh | +96 sh | −96 sh |
| 10/19 | -0.04% | 0 sh | −10 sh | +10 sh |
| 10/16 | -0.39% | 0 sh | −316 sh | +316 sh |
| 10/15 | 0% | 0 sh | 0 sh | 0 sh |
| 10/14 | 0% | 0 sh | 0 sh | 0 sh |
We have this ETF's holdings, but the prices for those particular listings are outside our quote coverage (currently Korea- and US-listed securities). So today's contribution and return are not computed — showing 0% would claim it did not move, which is a different statement. The holdings and weights below follow the calculation basis above.
Today's summary
Its top 10 holdings make up about 100.0% of the fund. The concentration index (HHI) is 5437 — High — concentrated, and the largest sector is Unclassified (77%). The higher the concentration, the more one stock or sector drives the whole ETF's return.
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Its concentration index is above 2,500 (5,437) — a few names drive the return.
Unclassified alone is 77%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
0.4% a year is typical. Held ten years, roughly 4.0% goes to fees.
Net assets of KRW 5.8B are small. Thin funds trade at wider spreads, and very small ones get closed or merged.
An inverse fund. It rises when the index falls, but daily resetting means it does not mirror the index exactly over long holds.
Concentration and diversification
Structural health
A five-axis read on how this fund is built. It is not a return forecast or a recommendation, and a low score does not mean a bad fund — leveraged products score low by design. Each axis shows the figure behind it.
Its concentration index is above 2,500 (5,437) — a few names drive the return.
Unclassified alone is 77%. This is effectively a bet on that one industry — if the sector falls, diversification will not help.
0.4% a year is typical. Held ten years, roughly 4.0% goes to fees.
Net assets of KRW 5.8B are small. Thin funds trade at wider spreads, and very small ones get closed or merged.
An inverse fund. It rises when the index falls, but daily resetting means it does not mirror the index exactly over long holds.
Top 5 holdings
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
Normalized to 100% of analysed positions
Weights are normalized to 100% of absolute exposures across analysed positions, including positions outside this top list. Cash, collateral and unverified assets are excluded. Contributions retain original signed NAV exposures; leverage is not applied twice.
| # | Holding | Weight |
|---|---|---|
| 1 | US LONG BOND(CBOT) DEC 2026USZ6 | 72.20% Short |
| 2 | RISE 머니마켓액티브455890 | 10.90% |
| 3 | RISE 단기통안채196230 | 8.20% |
| 4 | ProShares UltraShort 20+ Year TreasuryTBT | 4.62% |
| 5 | RISE 중기우량회사채136340 | 4.08% |
Holdings below 0.5% or outside the top list are folded into “Others” and omitted above.
Where the weight sits — sector mix
Listed equity weights summed by sector and normalized to 100%. Each band is one sector's share.
Industry breakdown
HHI sums the squared weights. The more it leans on a few names, the higher it goes — and the more the whole ETF moves with them.
Leverage / inverse caveat
This fund tracks 1x the inverse of its index — it rises when the index falls, and vice versa.
That 1x applies to a **single day**. Held longer, the daily reset makes the period return drift from 1x the index: if the index chops up and down and returns to where it started, this fund is still down. That is volatility decay.
It bites hardest in sideways markets and compounds with holding time. These are built for short directional trades.
How concentrated is it
RISE 미국장기국채선물인버스(H) leans heavily on a handful of names. Its concentration index (HHI) is 5437, and the top 10 holdings make up 100.0% of equity weight — closer to owning a few stocks than a diversified basket.
If you bought it for diversification, note that when one or two of those names move sharply, most of the fund's day comes from them.
HHI squares each weight and sums them: 10,000 means one stock is everything, and the more evenly spread the holdings, the closer it falls to zero.
Where the sector weight sits
By sector, Unclassified alone is 77% — whatever the fund is called, this is a bet on that industry.
Bad news for the sector moves the whole fund. Worth checking against anything else you hold in the same space.
Weights above sum the individually listed equities and normalize that equity total to 100%.
How much it overlaps others
Its closest neighbour is 334700 at 634% overlap — effectively the same basket.
Holding both is not diversification, it is buying the same companies twice. Pick whichever is cheaper.
What it is made of
The fund holds 9 positions in total; this page lists the largest 5 and folds the rest into "Others".
Equities are -54.2% of the fund, the rest swaps and cash — index exposure built synthetically rather than by owning the shares, which adds counterparty risk.
The expense ratio is 0.4% a year. Funds tracking the same index tend to perform alike, which makes the fee one of the few things that reliably separates them over time.
This page is not investment advice. Investment decisions and responsibility are your own.
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