Leverage / inverse caveat

This fund tracks its index at 2x.

That 2x applies to a **single day**. Held longer, the daily reset makes the period return drift from 2x 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

Concentration (HHI) sits at 1044 — moderate. The top 10 names carry 63.2% of equity weight, so the fund is spread out but its largest holdings still steer it.

That is the usual shape of a cap-weighted index fund: broad, yet tilted toward the biggest companies.

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

Sector weights run 반도체(33%) · 금융(16%) · 지주(14%). At 33%, the leading sector is a clear tilt.

Expect it to ride that industry's cycle — ahead of the index in good stretches, behind in bad ones.

Weights above sum the individually listed equities and normalize that equity total to 100%.

How much it overlaps others

Even its closest peer, 069660, overlaps only 37% (23 shared names).

Funds filed under the same label can hold quite different companies, so pairing this one with another may genuinely spread risk.

What it is made of

The fund holds 32 positions in total; this page lists the largest 31 and folds the rest into "Others".

The expense ratio is 0.5% a year, which is not cheap. Fees come out of returns every year you hold, so it is worth checking whether the same index is available for less.