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

Over the window to Oct 21, 2026, SKHA finished 3.3 points from what its multiple implies and SKHZ finished 14.3 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 SKHZ levered on the same thing?

Yes. Both are levered on SK hynix, SKHA at +2 times and SKHZ at -1 times the daily move.

Which one decays faster, SKHA or SKHZ?

Decay follows how much the underlying moves about. Over this window SKHA’s moved at 55% annualized and SKHZ’s at 78%, so SKHZ has the rougher ride and, at the same multiple, loses more to compounding.

Can I hold SKHA or SKHZ 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 SKHZ?

SKHA charges 1.49% a year and SKHZ charges 0.75%, so SKHZ is cheaper. Fees come from each fund's prospectus.

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SKHA vs SKHZ: Leverage, Returns & Decay

Over a month against its daily multiple, compounded, SKHA finished 0.8 points short and SKHZ 0.1 points over. Net assets: $530,569 on Oct 21, 2026 for Tradr 2X Long SK Hynix Daily ETF, and $5m on Oct 20, 2026 for Leverage Shares 1X Short SK Hynix Daily ETF.

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Answers cite the figures on this page.

SKHZ costs 0.74 points a year less; SKHZ is 9.9 times larger.

Points (pts) are percentage points.

SKHA vs SKHZ: Leverage, Returns & Decay
	SKHA	SKHZ
Expense ratio	1.49%	0.75%
Net assets, as of Oct 20, 2026	$505,758	$5m
What it tracks	SK Hynix	SK Hynix (from its own objective)
Holdings in common	not published
What its daily multiple gave	−44.3% (1 month)	−1.2% (3 months)
Against its daily multiple	0.8 points short (1 month)	0.2 points over (3 months)

+4.3%

SKHA returned, since launch, Jul 28, 2026

−1.0%

SKHZ returned, 3 months

−15.9 pts

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

−14.3 pts

SKHZ from its stated multiple: compounding −14.5 pts, gap to the daily multiple +0.2 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.

SKHZ · 3 months to Oct 21, 202614.3 pts short of its stated multiple

SKHZ returned −1.0% while −1 times SKHY's move would have been +13.3%. Figures from Jul 22, 2026 to Oct 21, 2026.

Performance, window by window

Performance, window by window: SKHA vs SKHZ: Leverage, Returns & Decay
	Total return		Multiple would give		Difference
Window	SKHA	SKHZ	SKHA	SKHZ	SKHA	SKHZ
1 month	−45.1%	+28.1%	−48.4%	+24.2%	+3.3 pts	+3.9 pts
3 months	–	−1.0%	–	+13.3%	–	−14.3 pts
Since launch Not the same days: SKHA Jul 2026 · SKHZ Jul 2026	+4.3%	+9.5%	+20.2%	+26.1%	−15.9 pts	−16.6 pts

Source: ETFIQ. – means no data for this window, usually because the fund is younger than it. 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)

SKHZ

Leverage Shares 1X Short SK Hynix Daily ETF · Aims to return 1 times the opposite of the daily move of SK hynix (SKHY)

Issuer Tradr Leverage Shares

Sets out to return +2x −1x

Underlying asset SKHY SKHY

Segment index company

Fund returned, 3 months +4.3% (since launch, Jul 28, 2026) −1.0%

Underlying returned, over that window +10.1% −13.3%

What the stated multiple implies, over that window +20.2% +13.3%

Difference from stated, over that window −15.9 pts −14.3 pts

Fund returned, 1 year +4.3% (since launch, Jul 28, 2026) +9.5% (since launch, Jul 14, 2026)

Difference from stated, over that window −15.9 pts (since launch, Jul 28, 2026) −16.6 pts (since launch, Jul 14, 2026)

Underlying volatility 74% 78%

Difference over the days both have traded +3.3 pts no shared window

Expense ratio 1.49% 0.75%

First traded Jul 28, 2026 Jul 14, 2026

Net assets, SKHA as of Oct 21, 2026 and SKHZ as of Oct 20, 2026 $530,569 $5m

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 SKHZ

Read the multiple against the whole window instead and −1 times SKHY's −13.3% implies +13.3%, which makes SKHZ look 14.3 points short. Of that 14.3, daily compounding is −14.5 points, which any −1 times fund would show over the same path, and the fund itself is +0.2 points against −1 times each day's move, compounded. SKHZ aims to return -1 times SKHY's move each day, then resets. Over longer periods the daily results compound, so the total is not -1 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.

Over the three months to Oct 21, 2026, SKHZ lost 1.0%, against −1.2% for the inverse of SKHY's daily moves.

Questions people ask

Which came closer to its daily multiple, SKHA or SKHZ?: Over the window to Oct 21, 2026, SKHA finished 3.3 points from what its multiple implies and SKHZ finished 14.3 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 SKHZ levered on the same thing?: Yes. Both are levered on SK hynix, SKHA at +2 times and SKHZ at -1 times the daily move.
Which one decays faster, SKHA or SKHZ?: Decay follows how much the underlying moves about. Over this window SKHA’s moved at 55% annualized and SKHZ’s at 78%, so SKHZ has the rougher ride and, at the same multiple, loses more to compounding.
Can I hold SKHA or SKHZ 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 SKHZ?: SKHA charges 1.49% a year and SKHZ charges 0.75%, so SKHZ is cheaper. Fees come from each fund's prospectus.

Other comparisons

SKHA vs SK SKHA vs SKHN SKHA vs SKHU SKHA vs SKHQ SKHZ vs SKUU SKHZ vs SKHQ SKHZ vs SKHN SKHZ vs SKHL

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

Where these figures came from

SKHA filings on SEC EDGAR ↗SKHA prospectus with the expense ratio (SEC) ↗Tradr website ↗SKHZ filings on SEC EDGAR ↗SKHZ prospectus with the expense ratio (SEC) ↗Leverage Shares 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 SKHZ, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skha-vs-skhz

Open data

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