What if you invested monthly in KODEX Gold Futures (KR-listed) for 10 years?
See how a 10-year monthly investment into KODEX Gold Futures, a Korea-listed ETF tracking international gold (futures) prices, would have looked. It trades in won, but the underlying asset is international gold priced in dollars.
Investment conditions
Asset · KODEX Gold Futures (KR-listed ETF)
Method · Recurring monthly investment
Period · 2016-07-01 ~ 2026-07-01
Amount · $222 / month
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-28.8%
Largest drop from peak
Longest loss period
12months
Months in loss: 26
Recovery period
0months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $26,889 → Final value $49,833 (+85.3%), Maximum drawdown (MDD) -28.8%
Why this period and asset
KODEX Gold Futures is a Korea-listed ETF that tracks international gold futures prices. Trading in won makes gold easy to access for domestic investors, but because the underlying international gold is priced in dollars, USD/KRW also affects performance. Gold is cited as a safe haven during crises and inflation, but it pays no interest or dividend, so gains and losses come only from price changes. Since 2016 gold has gone through phases of strong rises and stagnation. Being futures-based, 'roll cost' at contract rollover can also affect performance.
Interpreting the result
This scenario shows both the structure of a Korea-listed gold ETF and the nature of gold. Be sure to check the maximum drawdown, underwater period, and recovery time on the results screen. Gold often moves differently from stocks, which some rely on for diversification, but it pays no interest or dividend, so holding it produces no cash flow and it can stagnate for years. Although shown in won, both the international gold price and USD/KRW are reflected. Monthly investing spreads out timing but does not remove losses.
Caveats & limits
KODEX Gold Futures is a Korea-listed ETF that trades in Korean won (KRW), and results are calculated in won. However, because the underlying international gold is priced in dollars, USD/KRW changes feed into performance, and being futures-based, roll cost can arise. Gold pays no interest or dividend, and expense ratios, trading costs, and taxes lower performance. Past performance does not guarantee the future, and this page does not recommend buying.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-23
- Effective trading date: 2026-07-01
- Price basis: Adjusted close (reflects dividends and stock splits)
- Trading fees and taxes are not reflected — figures are pre-tax.
- Based on historical data; does not guarantee future returns.
Frequently asked questions
It is a domestic gold ETF, so why is it affected by exchange rates?
KODEX Gold Futures trades in won, but the underlying international gold is priced in dollars. So when USD/KRW moves, the effect is reflected in won-denominated performance.
Since gold is a safe haven, is there no loss?
Gold is called a safe haven in the sense that it has no credit risk, but its price still swings widely. The underwater period on the results screen shows that gold too can stay below your invested amount or its peak for several years.
How does roll cost affect performance?
Futures have expiries, so contracts must periodically be rolled into the next month. If the new contract is more expensive, that difference becomes a cost called roll cost. Because of this, ETF returns can lag even when the international spot gold price rises.
Related scenarios
📋 Results are based on historical data; past returns do not guarantee future returns.
📋 This service is provided for educational purposes to help you understand investing, not as investment advice.