{"url":"https://etfiq.com/compare/leverage/skhl-vs-skhq","section":"compare","title":"SKHL vs SKHQ: Leverage, Returns & Decay | ETFIQ","description":"SKHL sets out to return +2 times SKHY each day and SKHQ -2 times. Over the month to Oct 21, 2026 they finished +3.5 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, SKHL or SKHQ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKHL finished 11.6 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 SKHL and SKHQ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHL at +2 times and SKHQ at -2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHL or SKHQ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHL\u2019s moved at 78% annualized and SKHQ\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 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, SKHL or SKHQ?","acceptedAnswer":{"@type":"Answer","text":"SKHL charges 0.97% a year and SKHQ charges 0.99%, 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 SKHQ","item":"https://etfiq.com/compare/leverage/skhl-vs-skhq"}]},{"@type":"WebPage","name":"SKHL vs SKHQ: Leverage, Returns & Decay","description":"SKHL sets out to return +2 times SKHY each day and SKHQ -2 times. Over the month to Oct 21, 2026 they finished +3.5 pts and +10.3 pts away.","url":"https://etfiq.com/compare/leverage/skhl-vs-skhq","dateModified":"2026-10-21","abstract":"Over a month against its daily multiple, compounded, SKHL finished 0.7 points short and SKHQ 0.4 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 SKHQ","description":"SKHL sets out to return +2 times SKHY each day and SKHQ -2 times. Over the month to Oct 21, 2026 they finished +3.5 pts and +10.3 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhl-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":7378,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHL vs SKHQ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHL vs SKHQ: Leverage, Returns & Decay\n\n Over a month against its daily multiple, compounded, SKHL finished 0.7 points short and SKHQ 0.4 points short.\n Copy this for sharing \n \n SKHL costs 0.02 points a year less; SKHL is far larger, $38m against $401,000.\n SKHL and SKHQ at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHL SKHQ \n Expense ratio 0.97% 0.99% \n Net assets, as of Oct 19, 2026 $38m $401,000 \n What it tracks SK hynix Inc. (from its own objective) SK Hynix (fr","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 SKHQ, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhl-vs-skhq","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":"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/skhl-vs-skhq"}