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›ETF Providers›Daiwa›2238
2238
JP3049810009
Passive ETFEquity

2238 ETF · iFreeETF S&P500 Inverse (JPY Hedged) ETF

The 2238 Exchange Traded Fund (ETF) is provided by Daiwa. It is built to track an index: S&P 500 Futures Inverse Index. The 2238 ETF provides physical exposure, so by buying it you actually own parts of all the underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 12:00 AM UTC
LIVE
CLOSED
This fund is part ofInverse Equities1M perf.+3.84%
Last price
Â¥5,989
1M perf.
+2.40%
1M flows
+€180K
AuM
€4.8M
E/R
0.73%
Rating
Not rated
ESG Consensus®
esg grade icon
2238
Â¥5,989

Performance & flows

December 11, 2025 → March 11, 2026
0-10123%JANFEBMAR
Create a free account to view the flows graph
2238
Â¥5,889
+2.00%

Historic performance and flows

1M3M1Y3Y5YMTDQTDYTD
Perf.
+2.40%
+2.00%
-18.17%
-41.80%
N/A
+1.95%
+2.21%
+2.21%
Flows

Key fund info

This ETF's jurisdiction country is not in your region (Europe and Middle East) Â· 
Main characteristics
Issuer
ISIN
JP3049810009
AuM
€4.8M
E/R
0.73%
Replication rating
Not rated
ESG Consensus®
esg grade icon
More details
NAV
3/11/2026
Â¥5,889
1D NAV change
+0.20%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
N/A
Inception date
2/1/2023
Jurisdiction
Japan
Distribution
Japan
Legal structure
Open-end Fund
Base currency
JPY
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
S&P 500 Futures Inverse Index
Asset class
Factors
N/A
Investment strategy
The objective is to provide investment results that corresponds to the performance of S&P 500 Futures Inverse Daily Index (USD) ER.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile

Historical risk/return profile

3M1Y3Y5Y
Returns
+2.00%
-18.17%
-41.80%
N/A
Volatility
Perf./Volatility
Max drawdown
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Exposure

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Sustainability

Integrates ESG criteria
No
SDG
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Issuer

Daiwa
Daiwa ID Card
Number of funds
46
Total AuM
€127.87B
Expense ratio range
0.06% - 0.993%
Average expense ratio
0.3911%

Frequently asked questions about 2238

What does iFreeETF S&P500 Inverse (JPY Hedged) ETF, 2238, invest in?

2238 is a Passive ETF. This ETF provides inverse exposure (-1x) to Large Cap US Equities.

Which benchmark or index does 2238 replicate?

2238 tracks the S&P 500 Futures Inverse Daily ER Index - USD, through a full replication replication method.

What is the Total Expense ratio (TER) of 2238?

2238 carries a total expense ratio (TER) of 0.73%, indicating the annual cost for holding the fund.

When was 2238 launched?

2238 was introduced to the market on February 1, 2023. It trades on Japan

Who is the ETF issuer of 2238?

iFreeETF S&P500 Inverse (JPY Hedged) ETF, 2238, is provided by Daiwa. Learn more about Daiwa here.

What is the current assets under management (AUM) of 2238?

2238 oversees €4.8M in assets as of March 11, 2026.

How has 2238 performed lately?

Based on data from March 11, 2026, 2238 returned 2.40% over the past month, 2.00% over the last three months and 2.21% year-to-date.

What are the latest inflows or outflows for 2238?

As of March 11, 2026, 2238 recorded net flows of +€164K over the last month and -€15M year-to-date.

Does 2238 distribute dividends?

2238 follows a distributing dividend policy, meaning it pays out income to investors.

What is the base currency of 2238?

The base currency of 2238 is JPY.

Is 2238 currency-hedged?

2238 is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.

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