{"url":"https://etfiq.com/compare/leverage/skdd-vs-skhq","section":"compare","title":"SKDD vs SKHQ: Leverage, Returns & Decay | ETFIQ","description":"SKDD sets out to return -2 times SKHY each day and SKHQ -2 times. Over the month to Oct 21, 2026 they finished +10.8 pts and +10.3 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKDD or SKHQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKDD finished 44.6 points from what its multiple implies and SKHQ finished 10.3 points from its own, so SKHQ came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SKDD and SKHQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKDD at -2 times and SKHQ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKDD or SKHQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKDD\u2019s moved at 78% annualized and SKHQ\u2019s at 55%, so SKDD has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKDD or SKHQ 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 SKHQ?","acceptedAnswer":{"@type":"Answer","text":"SKDD charges 2.20% a year and SKHQ charges 0.99%, so SKHQ 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 SKHQ","item":"https://etfiq.com/compare/leverage/skdd-vs-skhq"}]},{"@type":"WebPage","name":"SKDD vs SKHQ: Leverage, Returns & Decay","description":"SKDD sets out to return -2 times SKHY each day and SKHQ -2 times. Over the month to Oct 21, 2026 they finished +10.8 pts and +10.3 pts away.","url":"https://etfiq.com/compare/leverage/skdd-vs-skhq","dateModified":"2026-10-21","abstract":"Over the days both have traded, SKDD finished 10.8 points from its stated multiple and SKHQ 10.3.","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 SKHQ","description":"SKDD sets out to return -2 times SKHY each day and SKHQ -2 times. Over the month to Oct 21, 2026 they finished +10.8 pts and +10.3 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skdd-vs-skhq","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":7244,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKDD vs SKHQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKDD vs SKHQ: Leverage, Returns & Decay\n\n Over the days both have traded, SKDD finished 10.8 points from its stated multiple and SKHQ 10.3.\n Copy this for sharing \n \n SKHQ costs 1.21 points a year less.\n SKDD and SKHQ at a glance. As of Oct 21, 2026. Source: ETFIQ. SKDD SKHQ \n Expense ratio 2.20% 0.99% \n Net assets, SKDD as of Oct 21, 2026 and SKHQ as of Oct 20, 2026 $15m $418,250 \n What it tracks SKHY (from its own objective) SK Hynix (from its own objective) \n Holdings","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 SKHQ, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skdd-vs-skhq","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":"SKHQ","name":"Leverage Shares 2X Short Sk Hynix Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the month to Oct 21, 2026, SKHQ returned 58.7%, against 59.1% for twice the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skhq","key_facts":[{"label":"What SKHY did","value":"\u221224.2%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What \u22122 times a day gives","value":"+59.1%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"+58.7%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22122 times a day","value":"\u22120.4 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$418,250","as_of":"2026-10-20","source":"issuer page, as of Oct 20, 2026"},{"label":"Expense ratio","value":"0.99%","as_of":"2026-10-22","source":"issuer page, Oct 22, 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-skhq"}