{"url":"https://etfiq.com/compare/leverage/skhl-vs-skhx","section":"compare","title":"SKHL vs SKHX: Leverage, Returns & Decay | ETFIQ","description":"SKHL sets out to return +2 times SKHY each day and SKHX +2 times. Over the three months to Oct 21, 2026 they finished \u221211.6 pts and \u221211.8 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKHL or SKHX?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKHL finished 11.6 points from what its multiple implies and SKHX finished 11.8 points from its own, so SKHL came closer. Neither figure predicts the next window: it depends on how much the underlying moves about."}},{"@type":"Question","name":"Are SKHL and SKHX levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHL at +2 times and SKHX at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHL or SKHX?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHL\u2019s moved at 78% annualized and SKHX\u2019s at 78%, so SKHL has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKHL or SKHX 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 SKHX?","acceptedAnswer":{"@type":"Answer","text":"SKHL charges 0.97% a year and SKHX charges 0.75%, so SKHX 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 SKHX","item":"https://etfiq.com/compare/leverage/skhl-vs-skhx"}]},{"@type":"WebPage","name":"SKHL vs SKHX: Leverage, Returns & Decay","description":"SKHL sets out to return +2 times SKHY each day and SKHX +2 times. Over the three months to Oct 21, 2026 they finished \u221211.6 pts and \u221211.8 pts away.","url":"https://etfiq.com/compare/leverage/skhl-vs-skhx","dateModified":"2026-10-21","abstract":"Over the days both have traded, SKHL finished 3.5 points from its stated multiple and SKHX 3.3.","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 SKHX","description":"SKHL sets out to return +2 times SKHY each day and SKHX +2 times. Over the three months to Oct 21, 2026 they finished \u221211.6 pts and \u221211.8 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhl-vs-skhx","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":7548,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHL vs SKHX \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHL vs SKHX: Leverage, Returns & Decay\n\n Over the days both have traded, SKHL finished 3.5 points from its stated multiple and SKHX 3.3.\n Copy this for sharing \n \n SKHX costs 0.22 points a year less; SKHX is 1.8 times larger.\n SKHL and SKHX at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHL SKHX \n Expense ratio 0.97% 0.75% \n Net assets, as of Oct 19, 2026 $38m $69m \n What it tracks SK hynix Inc. (from its own objective) SK Hynix (from its own objective) \n Holdings in ","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 SKHX, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhl-vs-skhx","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":"SKHX","name":"Leverage Shares 2X Long SK Hynix Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKHX lost 38.4%, against \u221235.3% for twice SKHY's daily moves.","url":"https://etfiq.com/funds/skhx","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":"\u221238.4%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22123.1 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$73m","as_of":"2026-10-20","source":"issuer page, as of Oct 20, 2026"},{"label":"Expense ratio","value":"0.75%","as_of":"2026-07-29","source":"497 XBRL, Jul 29, 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-skhx"}