This ETF offers exposure to South Korea's dynamic stock market, making it a potentially useful tool for investors looking to overweight the Asian technology powerhouse. Because South Korea receives big allocations in many broad-based international ETFs, there is probably little need to include FKO as a component of a long-term, buy-and-hold portfolio; this product is more useful for implementing a tactical tilt towards Korea (or perhaps for "custom building" the Asia portion of an equity portfolio). While there are multiple South Korea ETFs available, FKO is unique because of the methodology underlying the related index. This ETF is part of the AlphaDEX suite of ETFs that employs quant-based screening techniques in an attempt to identify the stocks poised to generate excess returns relative to broader benchmarks. For the shot at alpha offered by this technique, investors can expect to pay a bit more; FKO is a bit more expensive than the cap-weighted EWY, though the gap is less significant than many of the U.S. equity products. For those who believe that the AlphaDEX methodology is a better way to access international equity markets, this ETF may be very appealing as a way of overweighting South Korea. For those looking to minimize fees or skeptical about the ability of the methodology to add value, EWY or the small cap SKOR are probably better options.
The adjacent table gives investors an individual Realtime Rating for FKO on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETFdb Pro members, shows the ETF in the Asia Pacific Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.View the Category Report
The following tables and charts contain in-depth metrics for this ETF and compare it to similar peer ETFs within its ETFdb Category.
This ETF is not currently available for commission free trading on any platforms.
There are 12 other ETFs in the Asia Pacific Equities ETFdb Category that are also eligible for commission free trading:
This section shows how this ETF has performed relative to its peer group ETFdb Category.
The following charts can be customized to display historical performance in a number of different formats, including line charts, bar charts, and candlesticks. Time periods can be adjusted to increase or decrease the period shown, ranging from five minutes to several months.
The following chart also includes the option to compare the performance of FKO relative to other ETFs and benchmarks or to include indicators such as Bollinger Bands, relative strength, and moving averages.
This section shows how the volatility of this ETF compares to the peer group ETFdb Category.
2014 Morningstar, Inc. All Rights Reserved. The information contained herein: ( 1 ) is proprietary to Morningstar and/or its content providers; ( 2 ) may not be copied or distributed; and ( 3 ) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.