Investors have options in addition to EWY when it comes to South Korea ETFs. One of them is the Horizons Korea KOSPI 200 ETF (NYSEArca: HKOR) which has gained 4.6% since its early March debut.

HKOR is the only U.S.-listed South Korea ETF that acts as a proxy for the Kospi 200, South Korea’s equivalent of the S&P 500. The Kospi 200, HKOR’s underlying index, is the most widely used Korean stock benchmark used in Korea, as well as the rest of Asia. [A New Way to South Korea With ETFs]

That means HKOR holds 200 stocks, slightly less than double the amount held by EWY. Both ETFs can be considered avenues to express less-than-cheery views on Apple (NasdaqGS: AAPL) as Samsung accounts for nearly 23% of HKOR and 22.1% of EWY.

iShares MSCI South Korea Capped ETF

Chart Courtesy: Captain John Charts

Tom Lydon’s clients own shares of Apple.