Data as of Nov 12, 2026.
HYNX vs SKHU: Leverage, Returns & Decay
Return, fees and overlap, side by side.
Pair scorecard
SKHU costs 0.30 points a year less; SKHU is 1.5 times larger.
Points (pts) are percentage points.
| Measure | HYNX | SKHU |
|---|---|---|
| Return | ||
| What its daily multiple gave, 3 months | −40.5% | −40.5% |
| Benchmark | ||
| What it tracks | SK HYNIX | SK hynix |
| Cost and size | ||
| Expense ratio | 1.25% | 0.95% |
| Net assets, as of Nov 11, 2026 | $26m | $38m |
| Holdings | ||
| Holdings in common | not published | |
How closely it delivered its daily multiple over 3 months, ranked against 498 leveraged ETFs at 2x, over three months. 100 is best. How it is computed
Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. All leveraged ETFs ranked by it →
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.SKHU returned −43.4% while 2 times SKHY's move would have been −33.8%. Data from Aug 13, 2026 to Nov 12, 2026.
Data from Aug 13, 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 | SKHU | HYNX | SKHU | HYNX | SKHU |
| 1 month | −30.5% | −30.8% | −24.6% | −24.6% | −5.9 pts | −6.2 pts |
| 3 months | −42.6% | −43.4% | −33.8% | −33.8% | −8.8 pts | −9.6 pts |
| Since launchHYNX Jul 2026 · SKHU Jul 2026 | −63.9% | −64.7% | −58.0% | −58.0% | −5.9 pts | −6.7 pts |
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.
Over the three months to Nov 12, 2026, SKHU lost 43.4%, 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 SKHU look 9.6 points short. Of that 9.6, daily compounding is −6.7 points, which any 2 times fund would show over the same path, and the fund itself is −2.9 points against 2 times each day's move, compounded. SKHU aims to return +2 times SKHY's move each day, then resets.
Questions people ask
- Which came closer to its daily multiple, HYNX or SKHU?
- Over the window to Nov 12, 2026, HYNX finished 8.8 points from what its multiple implies and SKHU finished 9.6 points from its own, so HYNX came closer. Neither number predicts the next window: it depends on how much the underlying moves about.
- Are HYNX and SKHU levered on the same thing?
- Yes. Both are levered on SK hynix, HYNX at +2 times and SKHU at +2 times the daily move.
- Which one decays faster, HYNX or SKHU?
- Decay follows how much the underlying moves about. Over this window HYNX’s moved at 75% annualized and SKHU’s at 75%, so HYNX has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold HYNX or SKHU 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
It is a place in a set, not a rating or a recommendation.
Every number is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, HYNX against SKHU, data as of Nov 12, 2026. https://etfiq.com/compare/leverage/hynx-vs-skhu
ETFIQ. (Nov 12, 2026). HYNX against SKHU. Retrieved from https://etfiq.com/compare/leverage/hynx-vs-skhu
[HYNX against SKHU (ETFIQ, Nov 12, 2026)](https://etfiq.com/compare/leverage/hynx-vs-skhu)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.
Net assets: $26m on Nov 11, 2026 for T-REX 2X Long SKHY Daily Target ETF, and $34m on Nov 12, 2026 for ProShares Ultra SK hynix.
HYNX and SKHU
Total return, distributions reinvested, 3 months.
HYNX −42.6%, SKHU −43.4%: HYNX +0.8 pts ahead, 3 months, Aug 13, 2026 to Nov 12, 2026.