Data as of Nov 12, 2026.
HYNX vs SKHN: Leverage, Returns & Decay
Return, fees and overlap, side by side.
Pair scorecard
HYNX costs 0.24 points a year less.
Points (pts) are percentage points.
| Measure | HYNX | SKHN |
|---|---|---|
| Return | ||
| What its daily multiple gave, 3 months | −40.5% | |
| Against its benchmark | ||
| What it tracks | SK HYNIX | SK Hynix |
| Against its daily multiple, 3 months | 2.1 points short | |
| Cost and size | ||
| Expense ratio | 1.25% | 1.49% |
| Net assets, HYNX as of Nov 11, 2026 and SKHN as of Nov 4, 2026 | $26m | $520,242 |
| Holdings | ||
| Holdings in common | not published | |
HYNX returned −42.6% while 2 times SKHY's move would have been −33.8%. Data from Aug 13, 2026 to Nov 12, 2026.
HYNX returned −42.6% while 2 times SKHY's move would have been −33.8%. Data from Aug 13, 2026 to Nov 12, 2026.SKHN returned 0.0% while −2 times SKHY's move would have been −16.2%. Data from Nov 6, 2026 to Nov 12, 2026.
SKHN returned 0.0% while −2 times SKHY's move would have been −16.2%. Data from Nov 6, 2026 to Nov 12, 2026.Side by side
As of Nov 12, 2026. Source: ETFIQ.
Window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | HYNX | SKHN | HYNX | SKHN | HYNX | SKHN |
| 1 month | −30.5% | – | −24.6% | – | −5.9 pts | – |
| 3 months | −42.6% | – | −33.8% | – | −8.8 pts | – |
| Since launchNot the same days: HYNX Jul 2026 · SKHN Nov 2026 | −63.9% | 0.0% | −58.0% | −16.2% | −5.9 pts | +16.2 pts |
– means no data for this window. Open this comparison in the app →
Over the three months to Nov 12, 2026, HYNX lost 42.6%, against −40.5% for twice SKHY's daily moves.
Read the multiple against the whole window instead and 2 times SKHY's −16.9% implies −33.8%, which makes HYNX look 8.8 points short. That is not the fund's objective, which is daily. Of that 8.8, daily compounding is −6.7 points, which any 2 times fund would show over the same path, and the fund itself is −2.1 points against 2 times each day's move, compounded. HYNX aims to return +2 times SKHY's move each day, then resets. Over one day it does that. Over longer periods the daily results compound, so the total is not +2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run. SKHY moved at 75% annualized over that window. The more it moves, the further the two numbers separate.
SKHN
From launch to Nov 12, 2026, SKHN returned 0.0%. SKHN aims to return -2 times SKHY's move each day, then resets. Over longer periods the daily results compound, so the total is not -2 times the period's move: it is lower after a fall and recovery, and can be higher in a steady run.
Questions people ask
- Are HYNX and SKHN levered on the same thing?
- Yes. Both are levered on SK hynix, HYNX at +2 times and SKHN at -2 times the daily move.
- Can I hold HYNX or SKHN for a year?
- 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’s move; after a fall and recovery it is lower.
Links are sources, not endorsements. A comparison is not a recommendation.
How this is computed
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, HYNX against SKHN, data as of Nov 12, 2026. https://etfiq.com/compare/leverage/hynx-vs-skhn
ETFIQ. (Nov 12, 2026). HYNX against SKHN. Retrieved from https://etfiq.com/compare/leverage/hynx-vs-skhn
[HYNX against SKHN (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/leverage/hynx-vs-skhn)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
HYNX returns +2 times SKHY each day and SKHN -2 times, and they share no window yet.