{"url":"https://etfiq.com/compare/leverage/hynx-vs-skhl","section":"compare","title":"HYNX vs SKHL: Leverage, Returns & Decay | ETFIQ","description":"HYNX sets out to return +2 times SKHY each day and SKHL +2 times. Over the three months to Nov 12, 2026 they finished \u22128.8 pts and \u22128.9 pts away.","as_of":"Nov 12, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, HYNX or SKHL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Nov 12, 2026, HYNX finished 8.8 points from what its multiple implies and SKHL finished 8.9 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 SKHL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, HYNX at +2 times and SKHL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, HYNX or SKHL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window HYNX\u2019s moved at 75% annualized and SKHL\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 SKHL 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 SKHL?","acceptedAnswer":{"@type":"Answer","text":"HYNX charges 1.25% a year and SKHL charges 0.97%, so SKHL 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 SKHL","item":"https://etfiq.com/compare/leverage/hynx-vs-skhl"}]},{"@type":"WebPage","name":"HYNX vs SKHL: Leverage, Returns & Decay","description":"HYNX sets out to return +2 times SKHY each day and SKHL +2 times. Over the three months to Nov 12, 2026 they finished \u22128.8 pts and \u22128.9 pts away.","url":"https://etfiq.com/compare/leverage/hynx-vs-skhl","dateModified":"2026-11-12","abstract":"Over three months to Nov 12, 2026, against its daily multiple, compounded, HYNX finished 2.1 points short and SKHL 2.2 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 SKHL","description":"HYNX sets out to return +2 times SKHY each day and SKHL +2 times. Over the three months to Nov 12, 2026 they finished \u22128.8 pts and \u22128.9 pts away.","dateModified":"2026-11-12","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/hynx-vs-skhl","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":7356,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / HYNX vs SKHL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Nov 12, 2026 .\n\n HYNX vs SKHL: Leverage, Returns & Decay\n\n Over three months to Nov 12, 2026, against its daily multiple, compounded, HYNX finished 2.1 points short and SKHL 2.2 points short.\n Copy this for sharing \n \n SKHL costs 0.28 points a year less; SKHL is 1.3 times larger.\n HYNX and SKHL at a glance. As of Nov 12, 2026. Source: ETFIQ. HYNX SKHL \n Expense ratio 1.25% 0.97% \n Net assets, as of Nov 11, 2026 $26m $35m \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 SKHL, data as of Nov 12, 2026. https://etfiq.com/compare/leverage/hynx-vs-skhl","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":"SKHL","name":"Direxion Daily SK Hynix Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-11-12","verdict":"Over the three months to Nov 12, 2026, SKHL lost 42.7%, against \u221240.5% for twice SKHY's daily moves.","url":"https://etfiq.com/funds/skhl","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":"\u221242.7%","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22122.2 pts","as_of":"2026-11-12","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Last payment, ex-date Sep 22, 2026","value":"$0.0394","as_of":"2026-09-22","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$35m","as_of":"2026-11-11","source":"issuer page, as of Nov 11, 2026"},{"label":"Expense ratio","value":"0.97%","as_of":"2026-07-10","source":"485BPOS XBRL, Jul 10, 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-skhl"}