KODEX Semiconductor (091160) 🔎 In-depth
Samsung Asset Management · Equity · Korea · Sector · Industry · Price 2026-08-06 · Analysis 2026-07-14
This is a flagship semiconductor-sector ETF that invests broadly across Korea's semiconductor industry as a whole. A defining feature is that it holds not only large memory companies such as SK Hynix, but also the materials, parts and equipment suppliers (the "sobujang" firms) needed to make chips. It is managed by Samsung Asset Management and, listed in 2006, is a product with a long history.
This page organises public pricing and fund data for information purposes. It is not a recommendation to buy or sell, nor investment advice. Fees and distributions follow the manager's official disclosures and may change. Please verify with the fund manager's own materials and decide at your own responsibility.
Price as of 2026-08-06 close
USD values (market cap, AUM, turnover) are converted from KRW at ₩1,423.5 per US$ (2026-08-07); won figures are as reported. Market cap is listed units × market price, while AUM is the fund's net asset value — the two are close but not identical.
Returns & tracking as of 2026-08-06
| Period | ETF (NAV) | Index | Excess |
|---|---|---|---|
| 1M | -22.95% | -22.94% | -0.00% |
| 3M | -21.98% | -21.78% | -0.20% |
| 6M | +31.67% | +32.16% | -0.49% |
| 1Y | +206.26% | +207.57% | -1.30% |
| 3Y | +227.38% | +229.79% | -2.41% |
Returns are NAV-based (distributions not reinvested); the index is the provider's price index, and tracking error is the annualized standard deviation of daily NAV-minus-index return differences. Source: data.go.kr securities market-price API.
Fees & distributions
Fees prior fiscal year · Samsung Asset Mgmt official disclosure
Distributions Source: Samsung Asset Mgmt distribution notice·KRX
Distributions vary with fund performance; paying out more than income can reduce principal.
Understanding this ETF
Its benchmark is the "KRX Semiconductor" index calculated by the Korea Exchange. It is made up of around 20 listed companies that represent Korea's semiconductor industry, spanning multiple stages of the chip value chain including memory, design, back-end packaging, equipment and materials. Because the weight of the largest company by market cap, Samsung Electronics, is relatively modest compared with other flagship chip stocks, the fund has a strong character of capturing the overall trend of the semiconductor industry rather than having its performance driven by the single stock Samsung Electronics.
It follows the trend of Korean chip stocks rising and falling together. Because it has weight in supplier firms, it tends to respond not only to large-cap chipmakers but also in phases when expectations for semiconductor capital spending and the industry cycle spread to the share prices of equipment and materials companies. Being made up of domestic stocks, it is not affected by exchange rates.
On one hand, its low dependence on the single stock Samsung Electronics gives it the effect of diversifying across Korea's semiconductor industry as a whole; on the other hand, it is clearly a sector product concentrated in the single industry of semiconductors. Supplier firms often have larger share-price swings than large caps, so it has strong upside momentum when chip conditions are good but is prone to larger drawdowns during corrections. It is used when you want to invest in the overall industry trend rather than a specific large cap, but the volatility that comes with single-industry concentration must be taken into account.
In the first half of 2026, Korean chip stocks rose strongly amid expectations for AI memory demand, then saw high volatility, pulling back sharply along with large caps in July on concerns about the durability of AI investment. This ETF followed the chip sector's trend directly, and its closing price on the reference date (2026-07-13) was down 11.0% on the day, placing it in a correction phase. Rather than declaring a direction, it is better to keep in mind that this is a phase of large swings typical of semiconductor industry conditions.
In a word, it is a semiconductor ETF that holds Korea's chip industry broadly (large caps plus equipment and materials suppliers) rather than piling into one specific large cap. Since you are effectively investing in the whole industry, there is a diversification benefit, but because it is concentrated in one industry, its swings are on the larger side.
Composition
It broadly includes large caps such as SK Hynix alongside chip equipment, parts and back-end companies such as Hanmi Semiconductor, Leeno Industrial, EO Technics and ISC. Unlike some semiconductor ETFs that pile more than half their weight into the two large caps Samsung Electronics and SK Hynix, this product has relatively less large-cap tilt and also reflects the weight of supplier firms. As such, it has the character of holding both the "front end (large-scale manufacturing)" and the "back end (equipment and materials)" of Korea's semiconductor industry.
Classification
Notes & cautions
- Its weight in Samsung Electronics is lower than that of other flagship-chip ETFs, so it differs in character from products that hold more than half their weight in the two large caps.
- It has weight in supplier (equipment and materials) firms, so it also reflects the trend of the semiconductor capital-spending cycle.
- As a sector fund concentrated in the single industry of semiconductors, its volatility with industry conditions is large.
ETF terms explained
Korea FSC securities market-price API (data.go.kr) · ETF classification & tagging: our own descriptive categorization
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