{"url":"https://etfiq.com/compare/leverage/hynx-vs-skdd","section":"compare","title":"HYNX vs SKDD: Leverage, Returns & Decay | ETFIQ","description":"HYNX sets out to return +2 times SKHY each day and SKDD -2 times. Over the three months to Nov 12, 2026 they finished \u22128.8 pts and \u221240.7 pts away.","as_of":"Nov 12, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, HYNX or SKDD?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Nov 12, 2026, HYNX finished 8.8 points from what its multiple implies and SKDD finished 40.7 points from its own, so HYNX came closer. Neither number predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are HYNX and SKDD levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, HYNX at +2 times and SKDD at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, HYNX or SKDD?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window HYNX\u2019s moved at 75% annualized and SKDD\u2019s at 75%, so HYNX has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold HYNX or SKDD for a year?","acceptedAnswer":{"@type":"Answer","text":"Both reset every day, so the multiple in the name applies to a single day, and daily results compound. Over a year the total is not the multiple times the year\u2019s move; after a fall and recovery it is lower."}},{"@type":"Question","name":"Which is cheaper, HYNX or SKDD?","acceptedAnswer":{"@type":"Answer","text":"HYNX charges 1.25% a year and SKDD charges 2.20%, so HYNX is cheaper. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Leveraged ETFs","item":"https://etfiq.com/leverage/"},{"@type":"ListItem","position":3,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":4,"name":"HYNX vs SKDD","item":"https://etfiq.com/compare/leverage/hynx-vs-skdd"}]},{"@type":"WebPage","name":"HYNX vs SKDD: Leverage, Returns & Decay","description":"HYNX sets out to return +2 times SKHY each day and SKDD -2 times. Over the three months to Nov 12, 2026 they finished \u22128.8 pts and \u221240.7 pts away.","url":"https://etfiq.com/compare/leverage/hynx-vs-skdd","dateModified":"2026-11-12","abstract":"Over three months to Nov 12, 2026, against its daily multiple, compounded, HYNX finished 2.1 points short and SKDD 0.8 points short.","publisher":{"@id":"https://etfiq.com/#org"},"isPartOf":{"@id":"https://etfiq.com/#website"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".faq"]}},{"@type":"Dataset","name":"ETFIQ comparison of HYNX and SKDD","description":"HYNX sets out to return +2 times SKHY each day and SKDD -2 times. Over the three months to Nov 12, 2026 they finished \u22128.8 pts and \u221240.7 pts away.","dateModified":"2026-11-12","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/hynx-vs-skdd","license":"https://etfiq.com/license/","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"}],"variableMeasured":["Stated multiple","Underlying return","What the stated multiple implies","Fund total return","Difference against the label","Volatility of the underlying","Expense ratio"],"keywords":["exchange-traded funds","ETF","Leveraged ETFs","fund data","SEC filings"]}],"characters":7861,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / HYNX vs SKDD \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 12, 2026 .\n\n HYNX vs SKDD: Leverage, Returns & Decay\n\n Over three months to Nov 12, 2026, against its daily multiple, compounded, HYNX finished 2.1 points short and SKDD 0.8 points short.\n Copy this for sharing \n \n HYNX costs 0.95 points a year less; HYNX is 1.9 times larger.\n HYNX and SKDD at a glance. As of Nov 12, 2026. Source: ETFIQ. HYNX SKDD \n Expense ratio 1.25% 2.20% \n Net assets, as of Nov 11, 2026 $26m $14m \n What it tracks SK HYNIX SK Hynix \n Holdings in common not publish","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Data ETFIQ computes is free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, HYNX against SKDD, data as of Nov 12, 2026. https://etfiq.com/compare/leverage/hynx-vs-skdd","a":{"ticker":"HYNX","name":"T-REX 2X Long SKHY Daily Target ETF","issuer":"T-REX","desk":"leverage","as_of":"2026-11-12","verdict":"Over the three months to Nov 12, 2026, HYNX lost 42.6%, against \u221240.5% for twice SKHY's daily moves.","url":"https://etfiq.com/funds/hynx","key_facts":[{"label":"What SKHY did","value":"\u221216.9%","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"\u221240.5%","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u221242.6%","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22122.1 pts","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$26m","as_of":"2026-11-11","source":"issuer page, as of Nov 11, 2026"},{"label":"Expense ratio","value":"1.25%","as_of":"2026-07-08","source":"497 XBRL, Jul 8, 2026"}]},"b":{"ticker":"SKDD","name":"GraniteShares 2x Short SK Hynix Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-11-12","verdict":"Over the three months to Nov 12, 2026, SKDD lost 6.9%, against \u22126.1% for twice the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skdd","key_facts":[{"label":"What SKHY did","value":"\u221216.9%","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What \u22122 times a day gives","value":"\u22126.1%","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u22126.9%","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22122 times a day","value":"\u22120.8 pts","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$14m","as_of":"2026-11-11","source":"issuer page, as of Nov 11, 2026"},{"label":"Expense ratio","value":"2.20%","as_of":"2026-07-02","source":"497 XBRL, Jul 2, 2026"}]},"overlap_pct":null,"overlap_note":"ETFIQ does not publish a holdings overlap for this pair. Either the funds are not compared on holdings, or one book is incomplete.","full_text_at":"https://etfiq.com/compare/leverage/hynx-vs-skdd"}