---
title: "Overseas ETF iNAV Guide"
language: "en"
canonical: "https://kred.dev/en/overseas-etf-inav/guide"
cluster: "etf"
parent: "https://kred.dev/en/overseas-etf-inav"
---

# Overseas ETF iNAV Guide

The United States market is still open once the Korean regular session has closed. The iNAV is an estimate of where an overseas ETF's value has moved in the meantime. These guides walk through how it is estimated and how to read it.

- [What an ETF iNAV Is](https://kred.dev/en/overseas-etf-inav/guide/what-is-inav.md): What an iNAV is, how a Korean-listed overseas ETF's after-hours fair value is estimated from live holding prices and exchange rates, and how far to trust it.
- [Reading an ETF Premium or Discount](https://kred.dev/en/overseas-etf-inav/guide/premium-discount.md): What an overseas ETF's premium or discount is, how premium and discount are told apart, and how to read the gap between the last close and the iNAV.
- [How Hedged and Unhedged ETFs Differ](https://kred.dev/en/overseas-etf-inav/guide/fx-hedge.md): How a hedged overseas ETF differs from an unhedged one, how the exchange rate enters or drops out of the iNAV, and how the two part ways overnight.
- [Back to overseas ETF real-time iNAV](https://kred.dev/en/overseas-etf-inav)