{"url":"https://etfiq.com/compare/leverage/skdd-vs-skhl","section":"compare","title":"SKDD vs SKHL: Leverage, Returns & Decay | ETFIQ","description":"SKDD sets out to return -2 times SKHY each day and SKHL +2 times. Over the three months to Oct 21, 2026 they finished \u221244.6 pts and \u221211.6 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKDD or SKHL?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKDD finished 44.6 points from what its multiple implies and SKHL finished 11.6 points from its own, so SKHL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SKDD and SKHL levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKDD at -2 times and SKHL at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKDD or SKHL?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKDD\u2019s moved at 78% annualized and SKHL\u2019s at 78%, so SKDD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKDD 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, SKDD or SKHL?","acceptedAnswer":{"@type":"Answer","text":"SKDD charges 2.20% 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":"SKDD vs SKHL","item":"https://etfiq.com/compare/leverage/skdd-vs-skhl"}]},{"@type":"WebPage","name":"SKDD vs SKHL: Leverage, Returns & Decay","description":"SKDD sets out to return -2 times SKHY each day and SKHL +2 times. Over the three months to Oct 21, 2026 they finished \u221244.6 pts and \u221211.6 pts away.","url":"https://etfiq.com/compare/leverage/skdd-vs-skhl","dateModified":"2026-10-21","abstract":"Over three months against its daily multiple, compounded, SKDD finished 0.5 points short and SKHL 2.8 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 SKDD and SKHL","description":"SKDD sets out to return -2 times SKHY each day and SKHL +2 times. Over the three months to Oct 21, 2026 they finished \u221244.6 pts and \u221211.6 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skdd-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":8052,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKDD vs SKHL \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKDD vs SKHL: Leverage, Returns & Decay\n\n Over three months against its daily multiple, compounded, SKDD finished 0.5 points short and SKHL 2.8 points short.\n Copy this for sharing \n \n SKHL costs 1.23 points a year less.\n SKDD and SKHL at a glance. As of Oct 21, 2026. Source: ETFIQ. SKDD SKHL \n Expense ratio 2.20% 0.97% \n Net assets, SKDD as of Oct 21, 2026 and SKHL as of Oct 19, 2026 $15m $38m \n What it tracks SKHY (from its own objective) SK hynix Inc. (from its own ob","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":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, SKDD against SKHL, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skdd-vs-skhl","a":{"ticker":"SKDD","name":"GraniteShares 2x Short SK Hynix Daily ETF","issuer":"GraniteShares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKDD lost 18.0%, against \u221217.5% for twice the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skdd","key_facts":[{"label":"What SKHY did","value":"\u221213.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What \u22122 times a day gives","value":"\u221217.5%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u221218.0%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22122 times a day","value":"\u22120.5 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$15m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"2.20%","as_of":"2026-07-02","source":"497 XBRL, Jul 2, 2026"}]},"b":{"ticker":"SKHL","name":"Direxion Daily SK Hynix Bull 2X ETF","issuer":"Direxion","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKHL lost 38.2%, against \u221235.3% for twice SKHY's daily moves.","url":"https://etfiq.com/funds/skhl","key_facts":[{"label":"What SKHY did","value":"\u221213.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What 2 times a day gives","value":"\u221235.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u221238.2%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22122.8 pts","as_of":"2026-10-21","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":"$38m","as_of":"2026-10-19","source":"issuer page, as of Oct 19, 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/skdd-vs-skhl"}