What if you bought the KOSPI ETF at its 3,300 all-time high?
This uses real data to show what would have happened if you had invested a lump sum of ₩10M in KODEX 200 (069500), tracking the KOSPI 200, on June 25, 2021 — the day the KOSPI hit its 3,300 all-time high. The long range-bound stretch and correction that followed are the main story.
⚠️ Know the risk first
After the peak, the KOSPI failed to reclaim this high for a long time and endured a lengthy stall and decline. The final result only holds if you held through that loss and stall period.
What happened that day
On June 25, 2021, the KOSPI hit an intraday record of 3,316.08. Optimism peaked amid the retail-driven boom and liquidity, but the index then spent a long time range-bound and declining through rate hikes and a growth-stock correction.
Why this date
The intraday-record day is used as a symbolic top-of-market buy point for Korea's index, computing 'what if you bought at the hottest moment' at that day's close.
Investment conditions
Asset · KODEX 200 (069500) · lump-sum near the KOSPI all-time high, then held long-term
Method · Lump-sum (all at once)
Period · 2021-06-25 ~ 2026-07-01
Amount · $7,407
As of · 2026-07-01
Key metrics
These results do not reflect taxes. Based on historical data.
Buy and final prices are shown in the asset's local currency (US & crypto $, Japan ¥, Korea ₩). Total invested and final value are in Korean won (₩).
Risk & recovery
As important as returns. This service does not hide maximum drawdown or loss periods.
Maximum drawdown (MDD)
-34.5%
Largest drop from peak
Longest loss period
48months
Months in loss: 48
Recovery period
33months
Growth over time
Invested principal (dashed) and portfolio value (solid). Values below match the calculation.
Total invested $7,407 → Final value $24,930 (+236.6%), Maximum drawdown (MDD) -34.5%
Why this period and asset
June 25, 2021 was the day the KOSPI hit an intraday record of 3,316.08. Amid the retail-driven 'Donghak ant' boom and abundant liquidity, the index vaulted past 3,000 to 3,300 as optimism peaked. But after this top, the KOSPI spent a long time range-bound and declining through the rate-hike and growth-stock correction. It is a case of buying Korea's benchmark index at its hottest moment.
Interpreting the result
The focus here is 'how long it took to recover after buying at an all-time high.' Look at the maximum drawdown and loss periods first. Unlike U.S. indexes, the KOSPI failed to reclaim this peak for a long time and endured a lengthy stall. Spreading the money monthly instead of all at once would have let you buy at lower prices during the later decline and lower your average cost — compare via the 'lump-sum vs monthly' link.
Caveats & limits
As an all-time-high purchase, the loss and stall period is central to this event. Don't look only at the final result; consider the long time spent below your principal. KODEX 200 is a benchmark-index ETF — more diversified than a single stock, but it fully exposes the risk of buying an index at its top. Figures use adjusted close and exclude fees and taxes (won-denominated); always review the maximum drawdown and loss periods. Past results do not guarantee the future.
Event fact sources
- Korea Exchange (KRX) — KOSPI intraday record 3,316.08 (2021-06-25)
- Business Recorder / KED Global — KOSPI record-high coverage (2021, 2025)
Requested date vs actual trading date
If the event date is a holiday, the fill uses the next trading day's close. The 'effective trading date' below is the date actually used.
Data sources & limits
- Price data source: Yahoo Finance / FinanceDataReader
- Collected on: 2026-07-28
- 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
When exactly was the KOSPI's all-time high?
The intraday record was 3,316.08 on June 25, 2021; the closing record was 3,305.21 on July 6, 2021. That record stood for years until it was broken in 2025. This page uses the widely cited intraday-record date, June 25, as the buy date.
How long was the KOSPI underwater afterward?
After the peak, the KOSPI spent a long time range-bound and declining amid rate hikes and a growth-stock correction. See the time to recover in the maximum drawdown and loss-period metrics below. Even an index can leave you underwater for a long time if bought at the top.
How did it differ from U.S. indexes?
Even the same 'top-of-market purchase' recovers at different speeds across markets. Unlike U.S. indexes that reclaimed record highs relatively quickly after 2022, the KOSPI failed to recover this peak for a long time. Don't generalize the result of one market or moment.
Are fees and taxes reflected?
No. Trading fees and taxes are not reflected — figures are pre-tax (won-denominated). This page only shows historical data and recommends no product.
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.