{"url":"https://etfiq.com/compare/leverage/skhq-vs-skhu","section":"compare","title":"SKHQ vs SKHU: Leverage, Returns & Decay | ETFIQ","description":"SKHQ sets out to return -2 times SKHY each day and SKHU +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.1 pts away.","as_of":"Oct 21, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which came closer to its daily multiple, SKHQ or SKHU?","acceptedAnswer":{"@type":"Answer","text":"Over the window to Oct 21, 2026, SKHQ finished 10.3 points from what its multiple implies and SKHU finished 12.7 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 SKHQ and SKHU levered on the same thing?","acceptedAnswer":{"@type":"Answer","text":"Yes. Both are levered on SK hynix, SKHQ at -2 times and SKHU at +2 times the daily move."}},{"@type":"Question","name":"Which one decays faster, SKHQ or SKHU?","acceptedAnswer":{"@type":"Answer","text":"Decay follows how much the underlying moves about. Over this window SKHQ\u2019s moved at 55% annualized and SKHU\u2019s at 78%, so SKHU has the rougher ride and, at the same multiple, loses more to compounding."}},{"@type":"Question","name":"Can I hold SKHQ or SKHU 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, SKHQ or SKHU?","acceptedAnswer":{"@type":"Answer","text":"SKHQ charges 0.99% a year and SKHU charges 0.95%, so SKHU 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":"SKHQ vs SKHU","item":"https://etfiq.com/compare/leverage/skhq-vs-skhu"}]},{"@type":"WebPage","name":"SKHQ vs SKHU: Leverage, Returns & Decay","description":"SKHQ sets out to return -2 times SKHY each day and SKHU +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.1 pts away.","url":"https://etfiq.com/compare/leverage/skhq-vs-skhu","dateModified":"2026-10-21","abstract":"Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHU 1.0 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 SKHQ and SKHU","description":"SKHQ sets out to return -2 times SKHY each day and SKHU +2 times. Over the month to Oct 21, 2026 they finished +10.3 pts and +3.1 pts away.","dateModified":"2026-10-21","creator":{"@id":"https://etfiq.com/#org"},"isAccessibleForFree":true,"url":"https://etfiq.com/compare/leverage/skhq-vs-skhu","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":7351,"truncated":true,"content":"ETFIQ / Leveraged ETFs / Compare ETFs / SKHQ vs SKHU \n ETFIQ etfiq.com \u00b7 independent ETF data \n\n Data as of Oct 21, 2026 .\n\n SKHQ vs SKHU: Leverage, Returns & Decay\n\n Over a month against its daily multiple, compounded, SKHQ finished 0.4 points short and SKHU 1.0 points short.\n Copy this for sharing \n \n SKHU costs 0.04 points a year less; SKHU is far larger, $45m against $418,250.\n SKHQ and SKHU at a glance. As of Oct 21, 2026. Source: ETFIQ. SKHQ SKHU \n Expense ratio 0.99% 0.95% \n Net assets, as of Oct 20, 2026 $418,250 $45m \n What it tracks SK Hynix (from its own objective) SKHY (from its ow","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, SKHQ against SKHU, data as of Oct 21, 2026. https://etfiq.com/compare/leverage/skhq-vs-skhu","a":{"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"}]},"b":{"ticker":"SKHU","name":"ProShares Ultra SK hynix","issuer":"ProShares","desk":"leverage","as_of":"2026-10-21","verdict":"Over the three months to Oct 21, 2026, SKHU lost 39.3%, against \u221235.3% for twice SKHY's daily moves.","url":"https://etfiq.com/funds/skhu","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":"\u221239.3%","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Gap to 2 times a day","value":"\u22124.0 pts","as_of":"2026-10-21","source":"computed by ETFIQ from Tiingo daily prices"},{"label":"Last payment, ex-date Sep 23, 2026","value":"$0.0451","as_of":"2026-09-23","source":"Tiingo end-of-day distributions"},{"label":"Net assets","value":"$47m","as_of":"2026-10-21","source":"issuer page, as of Oct 21, 2026"},{"label":"Expense ratio","value":"0.95%","as_of":"2026-07-10","source":"497 XBRL, Jul 10, 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/skhq-vs-skhu"}