Yes, if the fund keeps rising, there is a risk of a correction, and if the fund keeps rising, the valuation will also become higher. The higher the valuation, the greater the risk.

Fund risks and returns come from the investment target. If the investment target rises, the fund will rise. If the investment target falls, the fund will fall. If the fund invests in high-risk targets, the risk of the fund will be greater. If If the fund invests in low-risk assets, the risk of the fund will be smaller.