Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) (489000.KQ) Price
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) Price
Underlying
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) provides 2X inversedaily exposure to PLUS.
Leverage & Compounding Risk
This ETF rebalances daily to achieve its 2X target. Over periods longer than one day, compounding can cause returns to deviate significantly from 2X the underlying's return — especially in volatile, sideways markets (volatility decay). This product is designed for short-term trading, not buy-and-hold investing.
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) List of Holdings
Frequently asked questions about Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH)
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) is offered by Hanwha, a leading player in the field of passive investments.
The ISIN of Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) is KR7489000000.
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) aims to deliver 2 times the daily return of PLUS (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 2X the underlying's cumulative return.
Volatility decay (also called compounding drag) occurs because Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 2X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.
Leveraged ETFs like Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) are designed for short-term, tactical trading — typically intraday or a few days. Holding them for weeks or months exposes investors to compounding risk and potential tracking deviation. Most issuers explicitly recommend against long-term holding.
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) provides 2X daily short/inverse exposure to PLUS. When PLUS moves +1% in a day, Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) targets approximately 2% (before fees).
The total expense ratio of Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) is 0.19%, which means that investors pay 19.00 KRW per 10,000 KRW in investment capital annually.
The ETF is listed in KRW.
European investors may incur additional costs for currency exchange and transaction fees.
No, Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) does not comply with the EU UCITS investor protection directives.
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) tracks the performance of the KAP Japanese Short-Term Government Bond Index - KRW - Benchmark TR Gross.
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) is domiciled in KR.
The fund was launched on 8/13/2024.
The Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) mainly invests in Wide credit companies.
The NAV of Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH) amounts to 9.94 B KRW.
Investments can be made through brokers or financial institutions that provide access to trading ETFs.
The ETF is traded on the stock exchange, similar to stocks.
Yes, the ETF can be held in a regular securities account.
The ETF is suitable for both short-term and long-term investment strategies, depending on the investor's goals.
The ETF is valued on a daily stock exchange basis.
Information on dividends should be requested from the provider's website or your broker.
The risks include market fluctuations, currency risks, and the risk associated with smaller companies.
The ETF is obligated to report regularly and transparently on its investments.
The performance can be viewed on Eulerpool or directly on the provider's website.
Further information can be found on the official website of the provider.
ETF profile
Hanwha PLUS Japan Ultra Short-term Treasury Bill ETF(SYNYH)