Which came closer to its daily multiple, SKHA or SKHN?

Over the window to Oct 21, 2026, SKHA finished 3.3 points from what its multiple implies and SKHN finished 10.7 points from its own, so SKHA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.

Are SKHA and SKHN levered on the same thing?

Yes. Both are levered on SK hynix, SKHA at +2 times and SKHN at -2 times the daily move.

Which one decays faster, SKHA or SKHN?

Decay follows how much the underlying moves about. Over this window SKHA’s moved at 55% annualized and SKHN’s at 55%, so SKHA has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold SKHA 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.

Which is cheaper, SKHA or SKHN?

SKHA and SKHN both charge 1.49% a year, so neither is cheaper. Fees come from each fund's prospectus.

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SKHA vs SKHN: Leverage, Returns & Decay

Over a month against its daily multiple, compounded, SKHA finished 0.8 points short and SKHN 0.1 points short. Net assets on Oct 21, 2026: $530,569 for Tradr 2X Long SK Hynix Daily ETF and $728,651 for Tradr 2X Short SK Hynix Daily ETF.

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Answers cite the figures on this page.

Both cost 1.49% a year; SKHN is 1.4 times larger.

Points (pts) are percentage points.

SKHA vs SKHN: Leverage, Returns & Decay
	SKHA	SKHN
Expense ratio	1.49%	1.49%
Net assets	$530,569	$728,651
What it tracks	SK Hynix	SK Hynix
Holdings in common	not published
What its daily multiple gave, 1 month	−44.3%	59.1%

+4.3%

SKHA returned, since launch, Jul 28, 2026

−45.5%

SKHN returned, since launch, Jul 28, 2026

−15.9 pts

SKHA from its stated multiple: compounding −13.2 pts, gap to the daily multiple −2.7 pts

−25.3 pts

SKHN from its stated multiple: compounding −25.3 pts, gap to the daily multiple 0.0 pts

SKHA · 1 month to Oct 21, 20263.3 pts ahead of its stated multiple

SKHA returned −45.1% while 2 times SKHY's move would have been −48.4%. Figures from Sep 21, 2026 to Oct 21, 2026.

SKHN · 1 month to Oct 21, 202610.7 pts ahead of its stated multiple

SKHN returned +59.1% while −2 times SKHY's move would have been +48.4%. Figures from Sep 21, 2026 to Oct 21, 2026.

Performance, window by window

Performance, window by window: SKHA vs SKHN: Leverage, Returns & Decay
	Total return		Multiple would give		Difference
Window	SKHA	SKHN	SKHA	SKHN	SKHA	SKHN
1 month	−45.1%	+59.1%	−48.4%	+48.4%	+3.3 pts	+10.7 pts
Since launch SKHA Jul 2026 · SKHN Jul 2026	+4.3%	−45.5%	+20.2%	−20.2%	−15.9 pts	−25.3 pts

Source: ETFIQ. Open this comparison in the app →

On the same fields

SKHA

Tradr 2X Long SK Hynix Daily ETF · Aims to return twice the daily move of SK hynix (SKHY)

SKHN

Tradr 2X Short SK Hynix Daily ETF · Aims to return twice the opposite of the daily move of SK hynix (SKHY)

Issuer Tradr Tradr

Sets out to return +2x −2x

Underlying asset SKHY SKHY

Segment index index

Fund returned, 3 months +4.3% (since launch, Jul 28, 2026) −45.5% (since launch, Jul 28, 2026)

Underlying returned, over that window +10.1% +10.1%

What the stated multiple implies, over that window +20.2% −20.2%

Difference from stated, over that window −15.9 pts −25.3 pts

Fund returned, 1 year +4.3% (since launch, Jul 28, 2026) −45.5% (since launch, Jul 28, 2026)

Difference from stated, over that window −15.9 pts (since launch, Jul 28, 2026) −25.3 pts (since launch, Jul 28, 2026)

Underlying volatility 74% 74%

Difference over the days both have traded +3.3 pts +10.7 pts

Expense ratio 1.49% 1.49%

First traded Jul 28, 2026 Jul 28, 2026

Net assets $530,569 $728,651

As of Oct 21, 2026. Source: ETFIQ.

About SKHA

Read the multiple against the whole window instead and 2 times SKHY's −24.2% implies −48.4%, which makes SKHA look 3.3 points over. That is not the fund's objective, which is daily. SKHA 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 55% annualized over that window. The more it moves, the further the two figures separate.

Over the month to Oct 21, 2026, SKHA lost 45.1%, against −44.3% for twice SKHY's daily moves. Of that 3.3, daily compounding is +4.1 points, which any 2 times fund would show over the same path, and the fund itself is −0.8 points against 2 times each day's move, compounded.

About SKHN

Over the month to Oct 21, 2026, SKHN returned 59.1%, against 59.1% for twice the inverse of SKHY's daily moves. Read the multiple against the whole window instead and −2 times SKHY's −24.2% implies +48.4%, which makes SKHN look 10.7 points over. 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.

Of that 10.7, daily compounding is +10.8 points, which any −2 times fund would show over the same path, and the fund itself is −0.1 points against −2 times each day's move, compounded.

Questions people ask

Which came closer to its daily multiple, SKHA or SKHN?: Over the window to Oct 21, 2026, SKHA finished 3.3 points from what its multiple implies and SKHN finished 10.7 points from its own, so SKHA came closer. Neither figure predicts the next window: it depends on how much the underlying moves about.
Are SKHA and SKHN levered on the same thing?: Yes. Both are levered on SK hynix, SKHA at +2 times and SKHN at -2 times the daily move.
Which one decays faster, SKHA or SKHN?: Decay follows how much the underlying moves about. Over this window SKHA’s moved at 55% annualized and SKHN’s at 55%, so SKHA has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SKHA 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.
Which is cheaper, SKHA or SKHN?: SKHA and SKHN both charge 1.49% a year, so neither is cheaper. Fees come from each fund's prospectus.

Other comparisons

SKHA vs SKHL SKHA vs SKHQ SKHA vs SKHZ SKHA vs SKHU SKHN vs SKHQ SKHN vs SKHU SKHN vs SKHX SKHN vs SKHZ

All leveraged ETFs ranked by the 3-Month Tracking Score →How the scores are computed →SKHA on its own →SKHN on its own →SKHA holdings →SKHN holdings →How every figure is computed →Standards and sources →

Where these figures came from

SKHA and SKHN filings on SEC EDGAR ↗SKHA and SKHN prospectus with the expense ratio (SEC) ↗Tradr website ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Every figure is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, SKHA against SKHN, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skha-vs-skhn

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.