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.