KODEX 200 (069500) 🔎 In-depth

Its benchmark index is the "KOSPI 200." The KOSPI 200 is an index made up of 200 representative names selected from stocks listed on the KOSPI market for their large market capitalization (the market value of all a company's shares) and active trading, and it is calculated by the Korea Exchange (KRX). Because it is a "market-cap weighted" index in which larger companies carry larger weights, the share-price moves of bigger companies are reflected more strongly in the index. This ETF tracks the index through "physical replication," actually buying and holding those 200 stocks at the same weights as the index.

As a plain (1x, not leveraged or inverse) ETF, when the KOSPI 200 rises 1% on a day this ETF generally rises about 1% as well, and when the index falls it falls in the same direction. It does not amplify the multiple or flip the direction; it simply tracks the index as it is. However, because the composition is heavily tilted toward large-cap chip stocks, when the share prices of Samsung Electronics and SK Hynix swing sharply, the felt volatility can be greater than that of the index as a whole. Being a domestic asset, it is not affected by exchange-rate moves.

This is a "market-representative (core)" ETF that captures the whole Korean stock market's trend in one holding. Its strength is broad diversification across large-cap blue chips without the burden of picking individual stocks, but in substance it is closer to a "large-cap, semiconductor-concentrated" structure with a very high weight in two chip stocks than to "safe diversification." So it gets a boost when semiconductor conditions are good, but if the chip cycle turns, the whole index can be shaken together. Trading is very active and net assets are large, so it is relatively easy to buy and sell.

As of the July 13, 2026 close, its price was ₩108,820 and its NAV (the actual per-share asset value of the ETF) was ₩108,583.09, with AUM (net assets) of about ₩23.8 trillion. In the recent composition, the combined weight of Samsung Electronics and SK Hynix has risen to about 61%, so the moves of these two large-cap chip stocks are heavily driving the ETF's direction.

In a word, it is a "basket that holds Korea's 200 flagship large caps at once." It rises when the KOSPI 200 rises and falls when it falls; you just need to know that in reality the two semiconductor stocks Samsung Electronics and SK Hynix make up more than half the weight, so it is heavily driven by chip share prices.