SKDD vs SKUU: Leverage, Returns & Decay
Over three months against its daily multiple, compounded, SKDD finished 0.5 points short and SKUU 2.2 points short. Net assets on Oct 21, 2026: $15m for GraniteShares 2x Short SK Hynix Daily ETF and $163m for GraniteShares 2x Long SK Hynix Daily ETF.
SKUU costs 0.70 points a year less; SKUU is 10.9 times larger.
Points (pts) are percentage points.
| SKDD | SKUU | |
|---|---|---|
| Expense ratio | 2.20% | 1.50% |
| Net assets | $15m | $163m |
| What it tracks | SKHY (from its own objective) | SK Hynix Inc. (from its own objective) |
| Holdings in common | not published | |
| What its daily multiple gave, 3 months | −17.5% | −35.3% |
SKDD returned −18.0% while −2 times SKHY's move would have been +26.6%. Figures from Jul 22, 2026 to Oct 21, 2026.
SKDD returned −18.0% while −2 times SKHY's move would have been +26.6%. Figures from Jul 22, 2026 to Oct 21, 2026.
SKUU returned −37.5% while 2 times SKHY's move would have been −26.6%. Figures from Jul 22, 2026 to Oct 21, 2026.
SKUU returned −37.5% while 2 times SKHY's move would have been −26.6%. Figures from Jul 22, 2026 to Oct 21, 2026.
SKDD among the 73 inverse ETFs at 2x, over three months
How closely it delivered its daily multiple over 3 months, ranked against 73 inverse ETFs at 2x, over three months and 508 leveraged ETFs at 2x, over three months. 100 is best. How it is computed
SKUU among the 508 leveraged ETFs at 2x, over three months
A percentile among the 73 inverse ETFs at 2x, over three months. SKUU is a percentile among the 508 leveraged ETFs at 2x, over three months, a different set, so the two marks are not on one scale. Three months only, against the fund's own daily multiple; a different quarter can rank it very differently. All leveraged ETFs ranked by it →
Performance, window by window
| Total return | Multiple would give | Difference | ||||
|---|---|---|---|---|---|---|
| Window | SKDD | SKUU | SKDD | SKUU | SKDD | SKUU |
| 1 month | +59.2% | −44.8% | +48.4% | −48.4% | +10.8 pts | +3.6 pts |
| 3 months | −18.0% | −37.5% | +26.6% | −26.6% | −44.6 pts | −10.9 pts |
| Since launch SKDD Jul 2026 · SKUU Jul 2026 | −2.5% | −57.2% | +52.2% | −52.2% | −54.7 pts | −5.0 pts |
Source: ETFIQ. Open this comparison in the app →
On the same fields
As of Oct 21, 2026. Source: ETFIQ.
About SKDD
Read the multiple against the whole window instead and −2 times SKHY's −13.3% implies +26.6%, which makes SKDD look 44.6 points short. That is not the fund's objective, which is daily. Of that 44.6, daily compounding is −44.1 points, which any −2 times fund would show over the same path, and the fund itself is −0.5 points against −2 times each day's move, compounded. SKDD 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 78% annualized over that window. The more it moves, the further the two figures separate.
Over the three months to Oct 21, 2026, SKDD lost 18.0%, against −17.5% for twice the inverse of SKHY's daily moves.
About SKUU
Read the multiple against the whole window instead and 2 times SKHY's −13.3% implies −26.6%, which makes SKUU look 10.9 points short. Of that 10.9, daily compounding is −8.7 points, which any 2 times fund would show over the same path, and the fund itself is −2.2 points against 2 times each day's move, compounded. SKUU 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.
Over the three months to Oct 21, 2026, SKUU lost 37.5%, against −35.3% for twice SKHY's daily moves.
Questions people ask
- Which came closer to its daily multiple, SKDD or SKUU?
- Over the window to Oct 21, 2026, SKDD finished 44.6 points from what its multiple implies and SKUU finished 10.9 points from its own, so SKUU came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
- Are SKDD and SKUU levered on the same thing?
- Yes. Both are levered on SK hynix, SKDD at -2 times and SKUU at +2 times the daily move.
- Which one decays faster, SKDD or SKUU?
- Decay follows how much the underlying moves about. Over this window SKDD’s moved at 78% annualized and SKUU’s at 78%, so SKDD has the rougher ride and, at the same multiple, loses more to compounding.
- Can I hold SKDD or SKUU 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.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
It is a place in a set, not a rating or a recommendation.
Every figure is an ETFIQ calculation with distributions reinvested.
Cite this pageCitation, APA and Markdown
ETFIQ, SKDD against SKUU, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skdd-vs-skuu
ETFIQ. (Oct 21, 2026). SKDD against SKUU. Retrieved from https://etfiq.com/compare/leverage/skdd-vs-skuu
[SKDD against SKUU (ETFIQ, Oct 21, 2026)](https://etfiq.com/compare/leverage/skdd-vs-skuu)
Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.