{"url":"https://etfiq.com/compare/leverage/skhl-vs-skhz","section":"compare","title":"SKHL vs SKHZ: Leverage, Returns & Decay | ETFIQ","description":"SKHL sets out to return +2 times SKHY each day and SKHZ -1 times. Over the three months to Oct 21, 2026 they finished \u221211.6 pts and \u221214.3 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKHL or SKHZ?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKHL finished 11.6 points from what its multiple implies and SKHZ finished 14.3 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 SKHZ levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHL at +2 times and SKHZ at -1 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHL or SKHZ?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHL\u2019s moved at 78% annualized and SKHZ\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 SKHZ 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 SKHZ?","acceptedAnswer":{"@type":"Answer","text":"SKHL charges 0.97% a year and SKHZ charges 0.75%, so SKHZ 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 SKHZ","item":"https://etfiq.com/compare/leverage/skhl-vs-skhz"}]},{"@type":"WebPage","name":"SKHL vs SKHZ: Leverage, Returns & Decay","description":"SKHL sets out to return +2 times SKHY each day and SKHZ -1 times. Over the three months to Oct 21, 2026 they finished \u221211.6 pts and \u221214.3 pts away.","url":"https://etfiq.com/compare/leverage/skhl-vs-skhz","dateModified":"2026-10-21","abstract":"Over three months against its daily multiple, compounded, SKHL finished 2.8 points short and SKHZ 0.2 points over.","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 SKHZ","description":"SKHL sets out to return +2 times SKHY each day and SKHZ -1 times. Over the three months to Oct 21, 2026 they finished \u221211.6 pts and \u221214.3 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhl-vs-skhz","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":8039,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHL vs SKHZ \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHL vs SKHZ: Leverage, Returns & Decay\n\n Over three months against its daily multiple, compounded, SKHL finished 2.8 points short and SKHZ 0.2 points over.\n Copy this for sharing \n \n SKHZ costs 0.22 points a year less; SKHL is 7.7 times larger.\n SKHL and SKHZ at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHL SKHZ \n Expense ratio 0.97% 0.75% \n Net assets, as of Oct 19, 2026 $38m $5m \n What it tracks SK hynix Inc. (from its own objective) SK Hynix (from its own objecti","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 SKHZ, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhl-vs-skhz","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":"SKHZ","name":"Leverage Shares 1X Short SK Hynix Daily ETF","issuer":"Leverage Shares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKHZ lost 1.0%, against \u22121.2% for the inverse of SKHY's daily moves.","url":"https://etfiq.com/funds/skhz","key_facts":[{"label":"What SKHY did","value":"\u221213.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What \u22121 times a day gives","value":"\u22121.2%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"What the fund returned","value":"\u22121.0%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to \u22121 times a day","value":"+0.2 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Net assets","value":"$5m","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-skhz"}