{"url":"https://etfiq.com/compare/leverage/skhl-vs-skhn","section":"compare","title":"SKHL vs SKHN: Leverage, Returns & Decay | ETFIQ","description":"SKHL sets out to return +2 times SKHY each day and SKHN -2 times. Over the month to Oct 21, 2026 they finished +3.5 pts and +10.7 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKHL or SKHN?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKHL finished 11.6 points from what its multiple implies and SKHN finished 10.7 points from its own, so SKHN came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SKHL and SKHN levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHL at +2 times and SKHN at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHL or SKHN?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHL\u2019s moved at 78% annualized and SKHN\u2019s at 55%, so SKHL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKHL or SKHN 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, SKHL or SKHN?","acceptedAnswer":{"@type":"Answer","text":"SKHL charges 0.97% a year and SKHN charges 1.49%, 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":"SKHL vs SKHN","item":"https://etfiq.com/compare/leverage/skhl-vs-skhn"}]},{"@type":"WebPage","name":"SKHL vs SKHN: Leverage, Returns & Decay","description":"SKHL sets out to return +2 times SKHY each day and SKHN -2 times. Over the month to Oct 21, 2026 they finished +3.5 pts and +10.7 pts away.","url":"https://etfiq.com/compare/leverage/skhl-vs-skhn","dateModified":"2026-10-21","abstract":"Over a month against its daily multiple, compounded, SKHL finished 0.7 points short and SKHN 0.1 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 SKHL and SKHN","description":"SKHL sets out to return +2 times SKHY each day and SKHN -2 times. Over the month to Oct 21, 2026 they finished +3.5 pts and +10.7 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhl-vs-skhn","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":7386,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHL vs SKHN \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHL vs SKHN: Leverage, Returns & Decay\n\n Over a month against its daily multiple, compounded, SKHL finished 0.7 points short and SKHN 0.1 points short.\n Copy this for sharing \n \n SKHL costs 0.52 points a year less; SKHL is far larger, $38m against $897,903.\n SKHL and SKHN at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHL SKHN \n Expense ratio 0.97% 1.49% \n Net assets, as of Oct 19, 2026 $38m $897,903 \n What it tracks SK hynix Inc. (from its own objective) SK Hynix \n H","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, SKHL against SKHN, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhl-vs-skhn","a":{"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"}]},"b":{"ticker":"SKHN","name":"Tradr 2X Short SK Hynix Daily ETF","issuer":"Tradr","desk":"leverage","as_of":"2026-10-21","verdict":"Over the month to Oct 21, 2026, SKHN returned 59.1%, against 59.1% for twice the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skhn","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":"+59.1%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22122 times a day","value":"\u22120.1 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$728,651","as_of":"2026-10-21","source":"the issuer\u2019s own daily fund list, as of Oct 21, 2026"},{"label":"Expense ratio","value":"1.49%","as_of":"2026-07-24","source":"485BPOS XBRL, Jul 24, 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/skhl-vs-skhn"}